Economic Update with Richard D. Wolff cover image

How Austerity Paves the Way for Fascism

Economic Update with Richard D. Wolff

00:00

The Link Between Austerity and Fascism

Austerity was a big reaction to the downturn in 2008 and nine. Are we watching a kind of slow motion process whereby the post 2008 austerity is moving us toward fascism? Is that in some sense what you're arguing? Well, we could definitely explore that direction of the argument. Fascism has been about repressing wages and this has also happened in liberal democracies. People need to accept their conditions of precarious labor power to be sold on the market.

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