The Banks are Funding the Fascists

There is almost universal agreement that the big banks and corporations wield too much power over humanity and are motivated by greed. The service or product they offer is secondary to the gross salaries of their owners and executives and the huge shareholder payouts. Theirs is the drive for a never-ending growth in profits, exploiting workers with productivity demands and low wages, exploiting the consumer with higher prices for low-quality goods, and evading their tax liabilities. 

The Forbes Rich List identifies around one-hundred large, transnational corporations that own just about everything, globally. The brand names we know are often subsidiaries or larger conglomerates with internal economies larger than entire countries. This reality is cited by economists as “monopoly capitalism”, consortia or cartels of individuals using inherited wealth to become wealthier and more powerful, scheming to beat all competition and corner markets, locally and globally.

The largest companies are headed by the world’s richest billionaires, Elon Musk, Jeff Bezos and Bill Gates being household names. There are 12 people who are worth more than £100,000,000,000, their fortunes growing by $220 billion in the past 6 months. 700 individuals are responsible for half the world’s wealth, their assets multiplying with nothing trickling down.

It is observable to all that the gap between rich and poor is obscene and unsustainable. And so the human world is descending into wars between the contending owners of wealth, and rising tensions inside each country between the classes competing for the right to life, liberty and social justice.

The United States of America holds the lease on the wealthiest and most powerful, the global economy remaining US-centric. Corporate power infects all of life, the natural world and the way we live. These corporations dominate not only our working lives but our media, our education systems, our environment, our diets, health and recreation. The actions of industry, why and how we produce things, is determined not by need but by profit margins. We see destruction everywhere as a direct consequence of this systemic dysfunction. If society were a family, we would require restraint of such predatory, gaslighting, sociopathic domination, the perpetrator judged to be breaking basic laws of acceptable behaviour. 

The deepening debate, nay, the conflict, is about how to overcome this tyranny.

Working people and our trade unions have long sought reforms for a greater share and more say – redistribution of wealth and power. It is becoming clear that no reforms are likely or even possible. The rich won’t have it.

To prevent us organising for a better society, they not only strengthen their laws against our protestations, but fund and encourage an ideology that says this state of affairs is natural and unchangeable. Theirs is the law of “survival of the fittest” by which is inferred the meanest, most violent, most self-centred should run the world.

Onto this stage has come the far-Right, rising once again across the western world and beyond, being organised into fascist parties and pretending to be in opposition to the billionaires but all the time working in their interests.

Fascism does not represent any sort of freedom or hope. Fascism is not anti-capitalist, just anti-democracy. It is the totalitarian domination of elite power, liquidating any inkling of human rights, equality or social justice. Fascism divides and scapegoats in order to destroy all sense of self-determination and personal freedom. Its main tools are hatred, spreading race-hate and misogyny and the promise of male-white-supremacy for the chosen few. Fascism is organising here, now.

We have seen fascism rise and be overthrown by mass mobilisations and at huge human cost through the twentieth century. We must learn the lessons of history, rise again and demonstrate our determination, in our millions – Never Again!