Conventional understanding of the history of all sorts of un-democratic governments and societies prone to radical upsets is that economic issues lead to bad things for states in power. The global Great Depression likely played a role in the instability of multiple states and Hitler himself blamed war reparations for the widespread inflation and unemployment in Weimar Germany. While the rise of fascism is definitely not as simple as that and Hitler had ulterior motives for blaming the former Triple Entente for all of Germany’s woes economic issues in America has definitely come to head with recent neoliberal policies.
This article dealing with a summation of neoliberal economic policies in America is sound but I want to dig deeper into some of the negative effects of unfettered capitalism. For starters, as the article touches on, these effects are disproportionately harmful to people who are already poor or a person of colour. The effective deregulation of lobbying and media interference has meant that many Americans have been sold on the idea of their economic trouble being the fault of minorities often in the same situation as them. Many of the things we have talked about throughout this blog have been the fault of, effectively, the people in charge selling out ideals of an equally beneficial economy to this ideal of unfettered capitalism being able to play fairly.
Cooper, Ryan. (2018, January 8). “The Decline and Fall of Neoliberalism in the Democratic Party.” The Week. http://theweek.com/articles/725419/decline-fall-neoliberalism-democratic-party.