The 7th lecture in the Democracy Dialogues series organized by the New Socialist Initiative was delivered by Prof Prabhat Patnaik on 24 January 2021 where he spoke on ‘FROM NEO-LIBERALISM TO NEO-FASCISM’
Abstract:
There has of late been a sudden and rapid growth of neo-fascism all over the world. The neo-fascists are not yet in a position to capture power in many countries; and even where they do, they are not yet in a position to make the transition to a fascist State. But they contribute everywhere towards a fascification of the society and the polity. This emergence of neo-fascism is the culmination of the global pursuit of the neo-liberal trajectory, which greatly widened income and wealth inequalities in every country and led even to an absolute immiserization of vast masses of the working people in third world countries like India. For a while the hope was entertained that the people would become better off in due course as rapid growth continued. But with the onset of the global economic crisis, itself a result of the widened economic inequalities, such hopes have been belied. The corporate-financial oligarchy therefore has to find a new prop for itself and forms an alliance with neo-fascist elements to shift the discourse away from conditions of material life towards vilifying the “other”, typically a hapless religious and ethnic minority.
About the Democracy Dialogues Series :
The idea behind this series - which we would like to call 'Democracy Dialogues' - is basically to initiate as well as join in the on-going conversation around this theme in academic as well as activist circles.
We feel that the very idea of democracy which has taken deep roots across the world, has come under scanner for various reasons. At the same time we have been witness to the ascendance of right-wing forces and fascistic demagogues via the same democratic route. There is this apparently anomalous situation in which the spread and deepening of democracy have often led to generating mass support for these reactionary and fascistic forces.
Coming to India, there have been valid concerns about the rise of authoritarian streak among Indians and how it has helped strengthen BJP's hard right turn. The strong support for democracy here is accompanied by increasing fascination towards majoritarian-authoritarian politics. In fact, we would like to state that a vigorous electoral democracy here has become a vehicle for hindutva-ite counterrevolution.
All videos of the Democracy Dialogues series lectures are available on New Socialist Initiative YouTube channel
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