November 28, 2005

Bush, Hitler and Mussolini: Parallels In Fascism

Writing in the Toronto Start, Paul Bigioni says many people today do not even understand what Fascism is:
Indeed, Huey Long, one of America's most brilliant and most corrupt politicians, was once asked if America would ever see fascism. "Yes," he replied, "but we will call it anti-fascism."
Bigioni says North America is now "on a fascist trajectory". We must recognize this threat for what it is, he argues, and we must change course:
The North American economy has become more monopolistic than at any time in the post-WWII period.

U.S. census data from 1997 shows that the largest four companies in the food, motor vehicle and aerospace industries control 53.4, 87.3 and 55.6 per cent of their respective markets. Over 20 per cent of commercial banking in the U.S. is controlled by the four largest financial institutions, with the largest 50 controlling over 60 per cent. Even these numbers underestimate the scope of concentration, since they do not account for the myriad interconnections between firms by means of debt instruments and multiple directorships, which further reduce the extent of competition.

Actual levels of U.S. commercial concentration have been difficult to measure since the 1970s, when strong corporate opposition put an end to the Federal Trade Commission's efforts to collect the necessary information.

Fewer, larger competitors dominate all economic activity, and their political will is expressed with the millions of dollars they spend lobbying politicians and funding policy formulation in the many right-wing institutes that now limit public discourse to the question of how best to serve the interests of business.
Read the full article here: Fascism then. Fascism now?

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