a greater threat than socialism?
The term "plutocracy" is formally defined as government by the wealthy, and is also sometimes used to refer to a wealthy class that controls a government, often from behind the scenes. More generally, a plutocracy is any form of government in which the wealthy exercise the preponderance of political power, whether directly or indirectly.
Which is the greater threat to our Republic, socialism or plutocracy? And, Why?
Currently I would have to vote for fascism based primarily on conditions to have arisen in this country since 9/11, "best summed up as a general crisis of
Pax Americana.
"The fact that more is being said about fascism in America indicates that a thorough and ongoing debate is now in order.
"Yet discussions of this sort will inevitably take us into a virtual minefield,
especially given the commonplace perception of fascism as a form of totalitarianism that occurred in the past and can never happen again.
"We propose that the current talk about fascism has arisen from conditions that can be best summed up as a general crisis of Pax Americana.
"By general crisis we mean a convergence of developments, long-term and short, pervading the social order that have rendered much of it dysfunctional and dystopian. Stated in another way, the concept of a general crisis describes Pax Americana in economic, political, social and cultural decline.
"Its long-term causes are rooted in the mid-1970s, where we see the beginnings—brought on in part by the oil shocks to the American economy attributed to the rise of OPEC, and the military defeat in Vietnam—of the dissolution of U.S. economic hegemony over the global capitalist system. These proved costly to U.S. credibility around the world and suggested that the idea of
American invincibility was indeed a myth.
"Despite the so-called triumph over communism trumpeted as a victory by the Reagan administration, the heralding of a New World Order by George H. W. Bush, or the hollow economic boom brokered by Bill Clinton’s neoliberalism, the crisis of Pax Americana deepened throughout the 1980s and 1990s."
It Could Happen Here
