Financial Aggression and Social Impoverishment

author: Franco Bifo Berardi
published: Nov. 13, 2017,   recorded: November 2017,   views: 1604

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Facing instability, unemployment and stagnation, the financial class reacts with an exacerbation of its agenda: the European Fiscal Compact, after strangling Greece, is now strangling Italy, France and Spain. But the recovery hundred times announced is not coming, and a rightist wave is mounting with anti-European and racist undertones.

The collapse of capitalism will be interminable and enormously destructive, as long as a conscious subjectivity does not emerge and a different model of organisation of production and technology is not emerging. The subjectivity that in the 20th Century was expressed by the workers movement appears today so disintegrated that we cannot imagine any possible recomposition in the next future.

The anti-financial uprisings of 2011 have not succeeded in inverting the route of financial plundering, and the European leftist parties have accepted austeritarian politics even if this betrayal is likely to provoke their final defeat.

The dynamics that led to the Nazis ascent then to Second World War is back. The contemporary nationalist parties are repeating what Hitler said to the impoverished workers of Germany: you are not defeated exploited workers, but national worriers and you’ll win. They did not win, but they destroyed Europe. They will not win this time neither, but they are poised to destroy the world.

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