Even if Joe Biden had won the U.S. presidency by the expected landslide, the threat of fascism would remain. And not simply because Trumpites are not going away anytime soon.
Donald Trump doesn’t have the intelligence or sufficient ruling-class backing to actually become a fascist dictator. His desire to be one, however, has been more than sufficient for the widest possible movement against him and the social forces he represents, and there is no doubt his authoritarian impulses would have become still worse had he won a second term. What little democracy is left in the United States’ capitalist formal democracy would have been further reduced.
It might be better to understand Trump as the Republican Party’s Frankenstein — the culmination of the Republican “Southern Strategy.” Richard Nixon was an open racist who developed the strategy of sending dog whistles to White racists; Ronald Reagan promoted “states’ rights,” well understood code words for supporting racially biased policies; George H.W. Bush exploited racial stereotypes with his Willie Horton campaign ads; George W. Bush’s presidency will be remembered for his callous ignoring of New Orleans and its African-American population in the aftermath of Hurricane Katrina; and the roster of Republicans hostile to civil rights is too long to list. Moreover, the Republican Party, with very few exceptions, has been an eager promoter and enabler of Trump’s virulent pro-big business policies with most not even bothering to pretend to challenge Trump’s racism and misogyny.
It was no surprise that a billionaire con man whose business plan has long been to screw his real estate empire’s working-class contractors and use every trick imaginable to not pay taxes or his creditors was going to stick it to working people.
The Trump administration has been the worst U.S. presidency in history with an extraordinarily fierce approach to class warfare. But let us consider what fascism is: At its most basic level, fascism is a dictatorship established through and maintained with terror on behalf of big business. It has a social base, which provides the support and the terror squads, but which is badly misled since the fascist dictatorship operates decisively against the interest of its social base. Militarism, extreme nationalism, the creation of enemies and scapegoats, and, perhaps the most critical component, a rabid propaganda that intentionally raises panic and hate while disguising its true nature and intentions under the cover of a phony populism, are among the necessary elements.
Despite varying national characteristics that result in major differences in the appearances of fascism, the class nature is consistent. Big business is invariably the supporter of fascism, no matter what a fascist movement’s rhetoric contains, and is invariably the beneficiary. We often think of fascism in the classical 1930s form, of Nazis goose-stepping or the street violence of Benito Mussolini’s followers. But it took somewhat different forms later in the 20th century, being instituted through military dictatorships in Chile and Argentina. Any fascism that might arise in the U.S. would be wrapped in right-wing populism and, given the particular social constructs there, that populism would include demands to “return to the Constitution” and “secure the borders.”
Formal democracy vs. fascism
United Statesians have indeed suffered through four years of militarism, extreme nationalism, the creation of enemies and scapegoats, the imposition of “constitutionalist” judges and demands to “secure” borders, complete with open racism and misogyny. But the Trump administration and its followers constitute a movement with the potential to bring about a fascist dictatorship, not actual fascism. Should the U.S. ruling class — industrialists and financiers — decide they would no longer tolerate the country’s limited, corporate-constrained variety of “democracy,” the militias and assorted far right street gangs that “stand by” on Trump’s command would be unleashed without constraint. And they would be openly joined by police and security agencies in fomenting violence rather than being tacitly supported as they are at present.
Nonetheless, fascism is the last resort of any capitalist ruling class. Instituting a fascist dictatorship is no easy decision even for the biggest industrialists, bankers and landowners who might salivate over the potential profits. For even if it is intended to benefit them, these business elites are giving up some of their own freedom since they will not directly control the dictatorship; it is a dictatorship for them, not by them. It is only under certain conditions that business elites resort to fascism — some form of formal democratic government, under which citizens “consent” to the ruling structure, is the preferred form and much easier to maintain. Working people beginning to withdraw their consent — beginning to seriously challenge the economic status quo — is one “crisis” that can bring on fascism. An inability to maintain or expand profits, as can occur during a steep decline in the “business cycle,” or a structural crisis, is another such “crisis.”
Industrialists and financiers have an iron grip on U.S. politics (witness the dreadful choice the two corporate parties have just offered), and the overdue economic downturn triggered by the pandemic has not hurt profits for most big corporations, with bailouts provided for those who have taken a hit to their bottom lines. Financiers and speculators are doing quite well, and because Wall Street values stability, financiers likely were more behind Joe Biden than Trump. As the Democratic Party favors financiers (while the Republicans favor industrialists), Wall Street will have no problem at all with a Biden administration. Some industrialists likely have tired of Trump’s antics, or calculate that they have gotten all the services they can reasonably expect from him; some among this grouping probably don’t mind a change. And given Joe Biden’s decades of loyal service to corporate interests, in particular the banking industry, little gnashing of teeth is likely to be found in corporate boardrooms.
There was no need for U.S. capitalists to institute a fascist dictatorship during the Trump administration and there won’t be any need in the near future. So, to circle back to the opening of this article, why should it be said that the threat of fascism is undiminished with the ouster of Trump? That is because as long as capitalism exists, the threat of fascism exists.
The rule of capital
The system is called capitalism for a reason — it is the rule of capital. The owners of capital. Those who have capital generally divide into two camps, industrialists and financiers, as alluded to above. Industrialists own or are the top managers of enterprises that produce tangible goods and services, while financiers trade, buy and sell stocks, bonds and other securities, continually inventing new instruments to profit off virtually every aspect of commercial activity. The two compete fiercely for the bigger half of the profits and thus have sometimes conflicting interests, but there is considerable overlap between the two sectors of capitalists. Crucially, their class interests are completely aligned.
Employees are paid far less than the value of what they produce; this is the source of corporate profit. The bloated salaries and profits generated by exploitation of employees is far greater than can be thrown into spending on luxuries or used for business investment, so these massive piles of money are diverted into financial speculation, swelling an already bloated financial sector, which grabs large amounts of this speculative money for itself. Top managers of industrial firms in turn are paid largely in stock so that their interests are “aligned” with that of finance capital, to use Wall Street lingo.
This is the ordinary and routine working of capitalism. As long as people consent to this arrangement — and thus consent to their ongoing exploitation — all is well for industrialists and financiers. But what if consent begins to be withdrawn? What if an economic downturn is so severe and sustained that it becomes difficult to extract profits? This is when capitalists begin to think about putting an end to formal democracy and instituting authoritarian rule. At the most extreme, this authoritarian rule can slide into open fascism. Such a scenario is always a possibility because capitalism is inherently unstable. Twenty years into the 21st century, we’re already living through a third economic downturn, each worse than the previous one.
United Statesians, for now, have pushed back against a potential slide toward fascism by ousting Trump. But the recent global trend is unmistakable: Far right authoritarian ideologues remain in office in countries around the world, among them Brazil, the Philippines, Hungary and Poland, and the U.S. has a history stretching back to the 19th century of installing right-wing dictators and overthrowing democratically elected governments. Capitalists have a variety of economic tools at their disposal to maintain their rule, the armed force of governments to enforce their rule, and a variety of institutions and control of the mass media to reinforce ideologies upholding their rule. Elections in capitalist countries decide who gets to govern, not who gets to rule.
Formal democracy is the preferred method of ruling, but if violence, ranging all the way to fascism, is the only way to maintain their power, that is what industrialists and financiers will insist their governments impose. Fascism can’t arise or be raised to power without a social base, a badly confused bloc that supplies support and the shock troops. This social base has to be maleducated enough to believe the obvious lies spewed by the leader and be enthused by the permission granted to openly display their hatreds, be those racism, misogyny, nativism, homophobia or anti-Semitism, permission wrapped in virulent nationalism. The millions of fanatical Trump followers are a monument to the lack of education in the U.S., a pervasive propaganda system and the product of decades of relentless Republican Party ideology. There can be no potential fascist movement without such a social base.
Given this fanatical support of Trump despite the massive failures and undisguised class warfare of his administration, both the followers and the shock troops remain even when Trump leaves the White House. Will they be called on in the future? If you don’t want the threat of fascism to hover in the background, you’ll have to get rid of capitalism.
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