No economic system lives for ever.
Each system has in it the germ of its own successor.
The feudal system came to its end when Columbus broke through its
geographical walls. (Gutenburg and Leonardo and a thousand others
broke through its intellectual walls at about the same time, and
Luther through the social and religious barriers.)
With these clues we can see that Democratic Capitalism is the
successor to Feudalism.
From this point Marx had to go into prophecy and according to his
followers he did rather well in predicting the next stages: he saw, in
the 1860's, the kind of capitalism we enjoyed in 1914. He did not see
all its results--the enormous increase in the number of prosperous
families was not in his calculations and he might have been surprised
to see the least, not the most, industrialized country fall first into
Communism. But to the sceptic only one thing in the Marxian prophecy
is important. He says that in the later stages of Capitalism, it will
become incompetent; it will not be able to handle the tools of
production and distribution; and suddenly or gradually, it will change
into a _new_ system. (According to Marx, this new system will be
Communism.)
There were moments under the grim eyes of Mr. Hoover when all the
parts of this prophecy seemed to have been fulfilled. There are
apparently some Americans who wish that the New Deal had not
interposed itself between the Gold Standard and the Red Flag.
These are the great leaders (silenced now by war) who might have
studied Marx before flirting with the fascists. For even the
rudimentary analysis above shows that Capitalism cannot _grow into_
fascism; fascism moves _backward_ from democratic capitalism, it moves
into the system which democracy destroyed--the feudal system. The
capitalist system may be headed for slow or sudden death if it goes on
as it is; it may have a long life if it can adapt itself to the world
it has itself created; but in every sense of the words, capitalism has
no future if it goes back to the past. And fascism is the discarded
past of capitalism.
We think we know this now because the fasci-feudal states have
declared war on us. Now we see how natural is the alliance between the
European states who wish to restore feudalism and the Asiatic state
which never abandoned it. Now we recognize the Nazi or Fascist party
as the equivalent of feudal nobles and in "labor battalions" we see
the outlines of serfs cringing from their masters. But we do not yet
see that a feudal state cannot live in the same world as a free
state--and that we are as committed to destroy fascism as Hitler is to
destroy democracy.
We strike back at Japan because Japan attacked us, and fight Germany
and Italy because they declared war on us; but we will not win the war
until we understand that the Axis had to attack us and that we must
destroy the system which made the attack inevitable.
_Walled Town and Open Door_
Public-domain text, read in full here on John Shaqi.
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