Politics Theory Other cover image

Fascist echoes w/ Adam Tooze

Politics Theory Other

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The Importance of Challenges to American Power

Mussolini's opposition is above all to a sanctimonious Wilsonian liberalism doing deals with Wall Street. What Wall Street is looking for is not really a toning down of other elements of his politics but simply compliance in financial terms. Hitlerine version, the full blown historic challenges is a historic weakening of American capital. After you've had the Great Depression and the collapse of the global system anchored on American money and the gold standard, once that's gone after, well, 1931 is really the key moment in this.

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