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View Diary: Worrying rise of fascism in Europe (103 comments)

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  •  Whats scary is to think of it like this (3+ / 0-)
    Recommended by:
    nchristine, gjohnsit, Subterranean

    Instead of something like the Treaty of Versailles which created impositions on Germany that in reality helped fascism rise we now have International Banks essentially imposing the same things on various nations across Europe.

    We are our own worst enemy sometimes

    --Enlighten the people, generally, and tyranny and oppressions of body and mind will vanish like spirits at the dawn of day. - Thomas Jefferson--

    by idbecrazyif on Tue Sep 11, 2012 at 07:45:29 AM PDT

    •  You should read Michael Hudson (3+ / 0-)
      Recommended by:
      idbecrazyif, jlynne, OMwordTHRUdaFOG

      The real reason for the impositions on Germany was because the allies in Europe were in debt to Wall Street.
         All of the allies, every single one of them, defaulted on their WWI debts before the rise of Nazi Germany.

        It was those Wall Street debts that crushed global trade in the inter-war years, and was more responsible for the Great Depression than anything else.

      ¡Cállate o despertarás la izquierda! - protest sign in Spain

      by gjohnsit on Tue Sep 11, 2012 at 08:47:37 AM PDT

      [ Parent ]

      •  Very true, I had forgotten that small detail (1+ / 0-)
        Recommended by:
        gjohnsit

        I've read The Bubble and Beyond, just haven't had the time to get to the others.

        New babies tend to eat your time lol

        --Enlighten the people, generally, and tyranny and oppressions of body and mind will vanish like spirits at the dawn of day. - Thomas Jefferson--

        by idbecrazyif on Tue Sep 11, 2012 at 08:50:18 AM PDT

        [ Parent ]

    •  Self-inflicted economic problems (4+ / 0-)
      Recommended by:
      nchristine, wu ming, gjohnsit, idbecrazyif

      Angels fear to tread in these comments, and we could all get banned, so sure, let me rush in.

      Germany first suffered the terrible hyperinflation after the end of World War I. Ten years or so later it was the European country to suffer most from the Depression.

      The Chancellor setting economic policy during, how to put it, not the years before we-dare-not-say-the name, rather, let's say, during the Depression and in the last years of the Weimer Republic, was Heinrich Brüning.

      Wikipedia descibes Brüning's austerian policies ...

      In line with conservative economic theory that less government spending would spur economic growth, Heinrich Brüning drastically cut state expenditures, including in the social sector.
      So a failed economic policy in Germany led to a thriving extremist party.

      -------------------

      Oh, and after the extremist party seized power, it launched an economic policy similar to that prescribed by English economist John Maynard Keynes, crudely put: Spend your way out of a depression. Government spending started to grow. Construction began on many infrastructure projects such as the Autobahns, dams, canals. Armament spending soared. More jobs were created by making a bigger army and navy. And so forth.

      Wonder why Brüning's successor was so popular with the Volk in Der Vaterland, despite his being such a piece of Scheiße ? -- he got them jobs!

      Sorry if I'm getting ahead of the story here.

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