Biden Democrats embrace Mussolini fascism

 Joel Kotkin:

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Indeed, Mussolini’s idea of a an economy controlled from above, with generous benefits but dominated by large business interests, is gradually supplanting the old liberal capitalist model. In the West, for example, the “Great Reset,” introduced by the World Economic Forum’s Klaus Schwab, proposes an expanded welfare state and an economy that transcends the market for the greater goal of serving racial and gender “equity”, as well as saving the planet.

Wherever it appears, whether in the early 20th century or today, fascism — in its corporate sense — relies on concentrated economic power to achieve its essential and ideological goals. In 1922, for instance, large corporations and landowners helped finance Mussolini’s Black Shirts for their March on Rome. Confindustria, the leading organisation of Italian industrialists, was glad to see the end of class-based chaos and welcomed the state’s infrastructure surge.

Elsewhere, the German cartels and Japanese zaibatsu both kowtowed to and benefited from fascist state support and contracts. Even today, China, in many aspects the model fascist state of our times, follows Il Duce’s model of cementing the corporate elite into the power structure. Since 2000, a hundred billionaires sit in the country’s Communist legislation, a development that Mao would never have countenanced. 1

Capitalist countries have historically resisted such concentrations of power, but this process seems inexorable after a pandemic which devastated small businesses yet saw the ultra-rich grow richer and the largest firms record eye-watering profits. A handful of giant tech corporations now account for nearly 40% of the value of the Standard and Poor Index, a level of concentration unprecedented in modern history.

Companies like Amazon are our zaibatsu, with influence over a vast array of industries, from online retail to cloud computing, the health food business, media and even space travel. Once such firms may have adhered to free market capitalism, but they have increasingly grown to see the value of a larger, more centralised and pervasive state.

This parallels the alarming transformation of the US Democratic Party, the putative “party of the people” , now increasingly a subsidiary of the corporate elite. Among financial firms, communications companies and lawyers, Biden outraised Trump by five-to-one or more. Today’s oligarchs are particularly keen on the progressive non-profit sector, which provides important support for their political and social advocacy — a means for them to make politically correct statements about climate change, gender and race, while still obtaining enormous profit margins and unprecedented wealth.

But whereas the old fascism sought greater prosperity, its new form, at least in the West, supports only an expanded welfare state that keeps the beleaguered middle and working classes both quiescent and stripped of aspiration. Worthies such as former Bank of Canada and Bank of England chief Mark Carney even embrace “de-growth,” a conscious slowing of the economy and embrace of declining living standards.
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Fast forward to today’s new economic order, and it’s clear that not all economic animals are equal. There are opportunities galore for Wall Street investors, Silicon Valley tech oligarchs, cobalt miners, electric car manufacturers and renewable energy producers through the massive subsidies for producing green.

And these woke oligarchs, like their fascist counterparts before them, see little use for democracy. Eric Heymann, a senior executive at Deutsche Bank, suggests that to reach the climate goals of Davos, corporations will have to embrace “a certain degree of eco-dictatorship”.4 After all, it would be difficult to get elected officials to approve limits on such mundane popular pleasures as affordable air travel, cars, freeways and suburbs with single-family houses, unless they were imposed by judicial or executive fiat.

Unsurprisingly, the biggest losers will inevitably be the poor. Wherever the conventional green policies central to the “Great Reset” have been imposed — California, Britain, Canada, Australia, Greece, Germany, France — the result has been to create high levels of “energy poverty”; the Jacques Delors Institute estimated that some thirty million Europeans were not able to adequately heat their homes during the most recent winter.

But then there are many hypocrisies at the heart of today’s incarnation of Mussolini-style fascism. Our new elites, for example, see no contradiction in supporting claims of “systemic racism” and “social justice” at home, while cooperating with Chinese authorities who abuse basic human rights in Hong Kong or to impose forced labour in Xinjiang. Boldly progressive firms like Airbnb have no problems sharing customer data with China’s security state; nor does Apple show compunction in relying on Uighur labour to build their products.
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There is more.

We are learning why these neo-fascists on the left so hated Trump.  They saw he was working for the very people they are trying to harm with their statist policies to help the oligarchs and hurt working people.  They want dependency for the masses making them easier to control.