2013/01/01

Government & Big Banks Join Forces to Violently Crush Peaceful Protests

Barry Ritholz reposts an argument that Government & Big Banks Join Forces to Violently Crush Peaceful Protests is the manifestation of Fascism in the USA:

The definition of fascism used by Mussolini is the “merger of state and corporate power“. Government and the big banks are in a malignant, symbiotic relationship. And our economy now exhibits a merger of state and bank power.

This is a different definition from that given by Trotsky (see Fascism: What it is and how to fight it):

At the moment that the "normal" police and military resources of the bourgeois dictatorship, together with their parliamentary screens, no longer suffice to hold society in a state of equilibrium -- the turn of the fascist regime arrives. Through the fascist agency, capitalism sets in motion the masses of the crazed petty bourgeoisie and the bands of declassed and demoralized lumpenproletariat -- all the countless human beings whom finance capital itself has brought to desperation and frenzy.

The article reposted by Ritholtz indicates that the instruments of State oppression are still functioning to hold dissent in place by successfully crushing the Occupy movement.

Yet, as I argued in Proto-Fascism in the USA, Fascism could still arise if the Capitalist system fails the petite-bourgeoisie.

What is being described in this post is not Fascism, but merely the naked expression of state power in support of the Capitalist system. Fascism could still develop out of the Tea Party.

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