Economic crisis and class struggle

[Hannah Bell]

The most fundamental argument in favor of socialism is that capitalism is an irrational system that over the long term cannot meet the basic needs of the majority of the population because of its tendency to go into economic crisis. But what if economic crisis leads not to the growth of the left but to the rise of the far right? This is the argument of the radical economist Doug Henwood in a short article published in May on the MRzine Web site. Henwood begins by criticizing “radicals have fantasized that a serious recession—or depression—would lead to mass radicalization,” and he goes on to argue that there is empirical support for the opposite view—that economic crisis actually benefits the far right not the radical left. The evidence he cites is recent research by the economists Markus Brükner and Hans Peter Grüner...

The first thing to note is that this is an incredibly narrow study on which to base the sweeping conclusion that “recessions are not good for the left and are good for the right...” Whether or not an economic slump results in an increase in class struggle and gains for the left depends on a whole set of complex factors, including the nature of the crisis and the constellation of political forces going into it... Some commentators, including Noam Chomsky, are convinced that there is a real threat of fascism, with parallels to the decline of Weimar Germany and the rise of the Nazis.

There is certainly no reason to be complacent about these developments, but the comparison with Germany in the 1930s makes little sense. Far from being a mass movement, the journalists Anthony DiMaggio and Paul Street describe the Tea Party as “a top-down interest group...fundamentally dependent upon the Republican Party.” While the Tea Party has been able to mobilize a few thousand people and demonstrations around the country, these have been dwarfed by recent progressive mobilizations, including hundreds of thousands demonstrating for LGBT and immigrant rights. But progressive demonstrations generally receive very little media attention... they also point out that “the Tea Party represents a concession from Republican Party elites that they (along with their Democratic counterparts) no longer enjoy much legitimacy among the American people. Their only way of appealing to voters is to appear as if they are not political leaders, but ‘average people’ taking part in a populist uprising against a corrupt political system...”

Opinion polls show that there has been a significant shift to the left in terms of political attitudes over the past few years. In May, a survey by the Pew Research Center found that 43 percent of people under the age of thirty in the United States view socialism favorably, exactly the same percentage as those with a favorable view of capitalism. That figure alone shows that there is a remarkable opportunity for the left to grow in the current period...

http://www.isreview.org/issues/72/gasper-crisis.shtml