Posts Tagged ‘Banks’


(We ran an earlier, considerably shorter version of this post in September 2013. As you might have noticed, things have changed a bit since then.)

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REFERENCES TO FASCISM abound in American political discourse. Unfortunately, most of those using the term wouldn’t recognize fascism if it bit ’em on the butt, and use it as a catch-all pejorative for anything or anyone they dislike. But the term does have a specific meaning.

Very briefly, as exemplified in Nazi Germany and Mussolini’s Italy, fascism is an extreme right political-economic system (which Mussolini dubbed “the corporate state”), the key features of which are strident nationalism, militarism and military worship, a one-party state, a dictatorial leader with a personality cult, a capitalist economic system integrated with state institutions (to the mutual benefit of capitalists and fascist politicians), suppression of independent unions, suppression of civil liberties and all forms of political opposition, and an aggressive, expansionist foreign policy.

The racism, racial scapegoating, and racial persecution that permeated German fascism are not part of fascism per se, unless one wants to classify extreme nationalism as racism. There’s a case to be made for that, but for now let’s consider them as separate maladies. As well, since the topic of this post is the comparison of Nazi Germany to the U.S.A., we will consider racism as well as fascism in the comparisons.

Getting to the headline topic, just how similar is the present-day U.S. to Nazi Germany? Let’s look at specifics:

Nationalism

  • Nazi Germany: Deutschland Uber Alles
  • US.: “American exceptionalism,” “God Bless America,” “Manifest Destiny,” etc.

Corporate Capitalist Domination

  • Nazi Germany: The German industrialists (notably the Krup armaments company) were key Hitler backers, and benefited handsomely from his rule.
  • U.S.: Trump has filled his cabinet with people from the fossil fuel industries (Rex Tillerson, et al.) and big banks, notably Goldman Sachs (Steven Mnuchin, et al.); Obama’s primary 2008 backers were Wall Street firms and the pharmaceutical companies; Bush/Cheney’s were the energy companies’ boys, etc.

Militarism

  • Nazi Germany: The Nazis  constructed the world’s most powerful military in six years (1933-1939).
  • U.S.: U.S. military spending currently accounts for approximately 43% of the world’s military spending; the U.S. has hundreds of military bases overseas; and Trump wants to increase military spending.

Military Worship

  • Nazi Germany: Do I really need to cite examples?
  • U.S.: “Support our troops!” “Our heroes!” “Thank you for your service!” Military worship is almost a state religion in the United States. Tune in to almost any baseball broadcast for abundant examples; this worship even extends to those on what passes for the left in the United States: Michael Moore, Stephen Colbert, Rachel Maddow.

Military Aggression

  • Nazi Germany: “Lebensraum”–you know the rest.
  • U.S.: To cite only examples from the last half century where there were significant numbers of “boots on the ground,” Vietnam (1959-1973), the Dominican Republic (1965), Cambodia (1970), Grenada (1983), Panama (1988-1990), Kuwait/Iraq (1991), Afghanistan (2001-present), Iraq (2003-2011). And this doesn’t even include bombing campaigns and drone warfare.

Incarceration Rates

  • Nazi Germany: The Nazis built concentration camps holding (and exterminating) millions, and employing slave labor.
  • U.S.: In comparison, the U.S. has by far the highest incarceration rate in the industrialized world, far outstripping China, with only Russia’s incarceration rate being anywhere near that of the U.S. Slave labor is routine in America’s prisons.

Justice System

  • Nazi Germany: The Nazis had a three-tiered “justice” system: one for the rich and powerful (who could get away with virtually anything); a second for the average citizen; a third for despised minorities and political foes.
  • U.S.: There’s also a three-tiered “justice” system here: one for the rich and powerful (who can get away with virtually anything); a second for middle-class white people; and a third for everyone else. It’s no accident that America’s prisons are filled with poor people, especially blacks and hispanics. At the same time cops routinely get away with murder of blacks, hispanics, and poor whites. Obama’s “Justice” Department never even investigated the largest financial fraud in world history that led to the 2008 crash, let alone charged those responsible; prosecutors routinely pile on charges against average citizens to blackmail them into plea bargaining and pleading guilty to charges of which they’re not guilty; and the Obama Administration (and now the Trump Administration) viciously goes after whistleblowers and reporters, who have exposed its wrongdoing–Chelsea Manning, Julian Assange, Edward Snowden, Thomas Drake, James Risen, et al.

Suppression of Unions

  • Nazi Germany: In Nazi Germany, the government tightly controlled the unions, and used them as arms of the state.
  • U.S.: In the U.S., the government merely suppresses strikes when “in the national interest” and allows corporations to crush union organizing drives through intimidation and by firing anyone who dares to attempt to organize. (Admittedly, the sell-out, visionless AFL-CIO unions bear considerable responsibility for this sad state of affairs.)

Free Speech

  • Nazi Germany: Total suppression of free speech; direct government control of the media.
  • U.S.: There’s near total corporate control of the media, and suppression of free speech when it shows the faintest sign of threatening, or even embarrassing, the government or the corporations that control the government. Obama’s war on whistleblowers and reporters — and now Trump’s — is only the latest example. Of late, Trump has upped the ante, routinely attacking journalists who report anything even slightly embarrassing to him, or who point out any of his almost innumerable lies.

Other Civil Liberties

  • Nazi Germany: Total suppression.
  • U.S.: Suppression when individuals exercising those liberties show the faintest sign of threatening the government or the corporations that control the government. The coordinated suppression (by the FBI, local governments, and corporate security agencies) of the Occupy Movement nationwide is the latest large-scale example.

Government Spying

  • Nazi Germany: The government had a massive eavesdropping operation. No citizen was safe from government scrutiny.
  • U.S.: The FBI, DHS, and NSA make the Nazis look like amateurs.

Free Elections

  • Nazi Germany: Total suppression
  • U.S.: U.S. citizens have the opportunity to vote for the millionaire representatives (over half of congress at last count) of the two wings of the property party: one wing being authoritarian, corporate-servant, crazy theofascists (yes, they meet the definition), the other wing being merely authoritarian corporate servants who routinely betray those who elect them. It’s also pertinent that the Republicans are doing their best to destroy what passes for American electoral democracy through egregious gerrymandering and voter suppression on an industrial scale.

Racism

  • Nazi Germany: Do I even need to cite details?
  • U.S.A.: (We’ll restrict ourselves here to the present.) The “justice” system imprisons blacks at a rate over five times that of whites, and hispanics at a rate about 30% higher than whites. Cops routinely get away with murdering poor people, a disproportionate number of them blacks and hispanics. Median household wealth for whites is 13 times that of blacks. And median household income for whites is 60% higher than that of blacks and hispanics. Donald Trump’s hateful rhetoric and racial scapegoating of Mexicans is merely the cherry atop this merde sundae.

Personality Cult

  • Nazi Germany: Again, do I even need to cite details?
  • U.S.A.: Trump worship is rampant on the evangelical right, who see this steaming pile of hypocrisy and narcissism as the means to their vicious ends. And Trump encourages sycophancy. The cringe-inducing filmed cabinet meeting a couple of months ago in which the cabinet secretaries heaped fulsome (in both senses of the word) praise and thanks on the dear leader is but one example. Another example: Yesterday, presidential aide and Trump toady Steven Miller said on Fox “News” that Trump — who would likely flunk a fourth-grade English test — was the “best orator to hold that office [president] in generations.”

Yes, there are very significant differences between Nazi Germany and the U.S. But they seem to grow smaller with every passing day.


Nomi Prins

“It’s a land lacking in meaningful structural reform of the financial system, a place where the big banks have been, and will continue to be, coddled by the government. No CEO will be jailed, no matter how large the fines his bank is saddled with or how widespread the crimes it committed. Instead, he’s likely to be invited to the inaugural ball in January. Because its practices have not been adequately controlled or curtailed, the inherent risk that Wall Street poses for Main Street will only grow as bankers continue to use our money to make their bets. In Hillary’s America, Wall Street will still own Main Street.”

Nomi Prins, author of All The President’s Bankers and It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street, “Waking Up in Hillary Clinton’s America