• | Neoliberalism and austerity | MR Online

    Neoliberalism in crisis

    Persistent economic stagnation together with neoliberal austerity has at this point seriously undermined the stability of the liberal-democratic state and thus the political command sector of the capitalist system. This has led to a dangerous resurgence of political movements in the fascist genus (fascism, neofascism, post-fascism), representing an alternative way of managing the state of the capitalist system, opposed to liberal democracy.