Déjà Vu: Fascism on the Rise
RON PAUL NEWS
Here in America we have only just begun to feel the social and political effects of the worldwide economic crisis: rising unemployment, a wave of bankruptcies and foreclosures, and a general contraction in economic activity. State and local governments are imposing austerity measures, and the federal government faces a “fiscal cliff” that may be much steeper than anyone now imagines. In Europe, however, they are already halfway down into the abyss, with Greece falling faster and harder — and several southern European countries not too far behind.(continues)(EPJ)
The response of governments throughout the continent has been a regime of “austerity” designed to reduce deficits piled up as a result of many decades of extravagance: populations which have come to expect government subsidies as their just due are being subjected to draconian budget cuts, and the social and political structures built up since the end of the second world war are in danger of collapse. The decline and probable fall of the euro augurs worse to come, with the spillover effect threatening us here in the US.
The last worldwide economic depression led to the rise of national socialism in Germany, fascism in Italy, and ultimately to a devastating global conflict that killed millions: could it happen again?
RON PAUL NEWS