I do not want to sound alarmist but it seems like the history of the 1930s repeating itself, first economic downturn then the rise of fascism.
If Robert Brenner (_The Economics of Global Turbulence_) is right, state managers' capacity to solve the endemic problem of capitalism (the ever falling profit rate) through extending and manufacturing of credit is dwindling. That means a prolonged downturn, which carries a nontrivial risk of the rise of fascism and followed by a major destruction of accumulated capital, so capitalism, like the phoenix, can rise again from its own ashes.
Wojtek
On Thu, Mar 4, 2010 at 10:45 AM, c b <cb31450 at gmail.com> wrote:
> RIGHT-WING RAGE: HATE GROUPS, VIGILANTES AND CONSPIRACISTS ON THE
> VERGE OF VIOLENCE
> By Mark Potok, Southern Poverty Law Center
> The radical right has caught fire, as broad-based anger over
> the past year has ignited an explosion of new extremist
> groups and activism across the nation.
>
> http://www.alternet.org/story/145869/right-wing_rage%3A_hate_groups%2C_vigilantes_and_conspiracists_on_the_verge_of_violence
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>