Capitalist support for fascism....

Henry C.K. Liu hliu at
Sat Feb 13 18:53:30 PST 1999


The items you mentioed were factors but they could not be significant factors. Yeltsin already had 8 years. And for years the USSR were regarding the old Soviet geography as a cost rather than a benefit. Stalin also had more time than Hitler. China had 20 years of economic reform since 1978. From 1949 to 1951, China had what is now remembered a "golden years of socialis t construction", but the peace was disrupted by the Korea War. Still, the progress was nowhere comparable to Hitler's Germany.

As for globalization of capital markets, the data cut both ways, but still they do not seem to satisfactorily answer how Hitler did it so fast. I think we are still missing something.


Michael Perelman wrote:

> Rebuilding an economy is much easier than to construct it from the start. Germany
> in 1917 was a legitimate world power. Rebuilding on the basis of the existing
> infrastructure -- just as Germany and Japan did after WW II -- was not as
> difficult as constructing an economy from scratch.
> With the dismantling of the USSR, Russian can no longer turn to the old Soviet
> infrastructure.
> Present day Korea comes closest to an economy that could rebuild, although it may
> be seen as an extension of Japan to some extent, however, I don't think that any
> country has ever had to rebuild again in the face of the difficulties created by
> the modern capital market.
> I know that capital was highly internationalized prior to WW I, but I do not think
> that it was nearly liquid as capital today.
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
> Tel. 530-898-5321
> E-Mail michael at

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