The austere roots of Nazism and fascism

A worthy read

Revolting Europe

Europe today is facing, on the one hand, the rise of  “apolitical” technocratism, and on the other, right-wing authoritarian government. The Continent needs a democratic alternative, or else we are heading towards a disaster that will bring enormous suffering to the popular classes in the name of the ruling financial and economic elites, says Vincent Navarro

One of the myths that have been peddled frequently in economic literature seeking to explain the economic depression in continental Europe in the early twentieth century has been that high inflation in Germany created such a mess in their economy that it led to the electoral victory of Hitler and Nazism. It is said and repeated constantly (and mistakenly) that the German population has a pathological fear of inflation, because they remember that it was this (ie, high inflation) that brought Hitler upon them. Even Ms. Merkel has cited this theory to justify the austerity…

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