Understanding Capitalism

The great German playwright, and political figure, Berthold Brecht, observed that to understand fascism you have to understand capitalism, from whence it springs. Today, it is also helpful for us to understand that the rise of fascism in Germany 100 years ago, has parallels we can see now with the rise of fascism in the United States.

Prior to World War I, which began in 1914, the German working class and middle class were relatively prosperous. The German unions were strong and influential. Prior to World War I, Germany also had the largest and strongest socialist party in the world, and it was the second largest political party in the German Parliament. The German economy was booming. And German culture was the jewel of Europe.

This all came to a crashing end in 1917, when Germany was defeated in what was an inter-imperial war against the United States, France, Great Britain and Russia. The consequences of that defeat brought us fascism and World War II, 20 years later. In the 1920’s, inflation wiped out the savings of the German people. When the depression hit in 1929, the German working class was desperate. The ground was fertile for the rise of Adolf Hitler, a ruthless, cunning and violent demagogue.

Here in the United States, our economy boomed for 100 years, from the end of the Civil War until the 1970s. But since then, American workers have not made any progress. Their wages, in real terms, have not risen in 50 years! “Neo- liberalism”, which is just another word for aggressive capitalism, has wiped out 30 million industrial jobs in the US, starting in the 1980s. Women were driven back into the workforce. People had to work two jobs just to keep up.

In Germany, it was the Jews who were blamed. Here in the US, it is immigrants and people of color who are scapegoated. The demagogue Trump, like Hitler before him, is a captivating speaker and a very effective cult leader, who is now poised to take the power of the government and turn it against "we the people."

Guest - Richard Wolff is Professor Emeritus from the University of Massachusetts, and the author of the forthcoming book, “Understanding Capitalism”. According to New York Times, Richard Wolff is, probably America’s most prominent Marxist economist. He is the founder of Democracy at Work and host of their national syndicated show Economic Update. Professor Wolff has authorized numerous books on capitalism and socialism, including most recently “The Sickness is the System: When Capitalism Fails to Save Us From Pandemics or Itself“, “Understanding Socialism“; and “Understanding Marxism”, which can be found at democracyatwork.info.

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Institute for the Critical Study of Zionism

Instead of the socialist ideal of universal human emancipation, that many European Jews supported, Zionist Israel is the outcome of a very different political ideology…an ideology that a relatively small number of middle and upper class European Jews advanced unsuccessfully until after World War II.

The founders of Zionism promoted it as a Jewish solution to the “Jewish problem." Communists and socialists rejected this self-segregating reliance on Western colonial powers. And the current increasingly pariah status of Israel and its imperial backer, the United States, has proven the fallacy of the Zionist solution.

Israel is the product of a colonial settler ideology that has its roots in the racist and imperialist practices of the European powers of the 19th century. Theodor Herzl, the founder of Zionism, an Austrian /Hungarian journalist, was a great admirer of Cecil Rhodes, the British imperial figure who founded the mineral settler colony of Rhodesia in what became apartheid South Africa.

From its inception, the goal of the Zionists was to overwhelm and displace the indigenous native Arabs in Palestine. As a result, despite its own self-promotion, Israel is not the moral legatee of the victims of the holocaust, much less of the prophets of the Hebrew people who propounded the 10 Commandments.

The horrific slaughter since last October 7th of the Palestinians in Gaza, has been live streamed for people all over the world to see.

Guest - Emmaia Gelman is a professor at Sarah Lawrence College in New York and the founder of the Institute for the Critical Study of Zionism. Her book on the powerful Zionist organization the Anti-Defamation League is about to be published by the University of California press.