Austerity and Its Paths to Fascism

In this video, we are going to see how economists “invented” austerity, or reducing government spending during economic troubles and how that paved the way to fascism. One of the biggest things that has created our present political problems in the US is the austerity policies that were implemented after the Great Financial Crisis. Indeed, even Brexit can be traced to that. Now, people are embracing fascism as a way to get the government to spend money, improve the economy and improve the lives of working people. Indeed, this is exactly how both Hitler and Mussolini rose to power. Things were terrible after WWI and both men sought to improve the circumstances of working people and they were incredibly successful but with the terrible costs of both War and genocide. In this video, we’re going to see how that relationship is manifesting itself today.