Which Way Out Of Neoliberalism: Fascism Or Socialism?
The conditions of decline which characterize the neoliberal stage of capitalist production worldwide have no doubt led to a growth in the scope and influence of fascism in the Western world. In the U.S., fascism manifests as a bipartisan consensus on war and austerity, as well as the rise of politically rightwing tendencies aligned with the head butcher of racist red meat, Donald Trump. The collapse in the legitimacy of the European Union has provided a political vacuum for corporate-friendly fascists to gain power in several European states with the help of U.S. imperialism; Ukraine being the starkest example. Even Bernie Sanders has acknowledged the link between neoliberal decay and the ascendance of fascism. The question, does neoliberalism necessarily lead to fascism or can socialism arise out of the widespread misery of capitalism’s late stages?