FROM FASCISM TO NEOLIBERALISM

LIVE After the Second World War, Economic Fascism in the developed world learned to adapt. While the USA defeated Fascism in Europe, it emerged as the world's military and economic superpower, challenged only by the Soviet Union. The end of the Second World War saw the USA draw up the rules for the world to follow. With the other Allies financially crippled and dependent on American loans, there was no other option. The main financial institutions that run the world's economy are all children of this post-war economic settlement drawn up by the USA: these include the IMF, the World Bank and the WTO's predecessor, the GATT. The main purpose of these changes was to free up the world market to reduce tariffs between states, making international trade much easier, and to help the economies of the Third World through the use of loans to restructure their economies better. These aims are euphemisms for the destruction of the "old order": where Imperial and wannabe-Imperial powers (such as the British Empire, in the first case, and Nazi Germany, in the second) were rendered obsolete by a neo-liberal system that allowed the first stage of the process towards what is now called Globalisation. In other words, nation-states would become vehicles of world prosperity; which would massively benefit big business. The old system of protective tariffs that was favoured by the old Imperial Powers was over; as would be the old idea of Colonialism. The breaking of tariffs most benefitted companies that were eager to expand their operations abroad, so it was no surprise that big business was pro-American in its stance on free trade. The same was true with big business' attitude to old-style Colonialism; much better for big business that Africa (for example) was a mish-mash of unconnected and squabbling countries rather than belong to just a few Imperial Powers, as it made it easier for multi-national companies to deal with them. And when this occurred, it meant that post-Colonial Africa (and elsewhere) became a living laboratory for this new form of economic Fascism; when entire nation-states were dependant on the whim of a multi-national CEO, or the IMF. (Colonialism Became Replaced By Multi-National Economic Fascism.)
No posts.
No posts.
Powered by Blogger.