The article discusses the enduring presence of neo-fascism, particularly in the context of a prolonged crisis of neoliberalism. It argues that fascistic elements can only rise to prominence when supported by big business during economic downturns. Such support stems from the benefits fascism offers to suppress labor movements, create scapegoats among minorities, and distract from material issues facing the majority.
In contemporary India, there is a notable alliance between corporations and Hindutva elements, resulting in an authoritarian regime characterized by the repression of dissent, targeting of minority groups, and significant benefits for major businesses. As neoliberalism’s promise of growth wanes, this partnership becomes even more crucial for the system’s survival.
Unlike the fascism of the 1930s, current neo-fascism is unable to resolve economic crises due to constraints imposed by international finance capital. Thus, even if a neo-fascist regime is ousted, it is likely to return as neoliberal policies remain ineffective. The article argues that to combat neo-fascism, there must be a transition beyond neoliberal capitalism towards socialism. This struggle requires dismantling the conditions that foster neo-fascism, indicating that the crisis of neoliberalism might ultimately pave the way for a socialist order.
Prabhat Patnaik concludes that understanding this potential is essential for effective action against the rise of fascism.
