1/15/2009

[Karl] Polanyi [writing in the 1940s] detected the link yoking liberalism to fascism, inasmuch as fascism saw its task as preventing interference in the price system and diminishing the sum total of goods produced, as promoted by both communism and democracy. 'Fascism', hence, 'is condoned as the safeguard of liberal economics through the elimination of a democratic political sphere and the subsequent reorganization of economic life - market capitalism - on the template of different branches of industry to become the whole of society.' As a result, fascism everywhere appeared under the banner of solving the crisis of capitalism by calling into question the utility of all forms of political representation.