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Népszabadság - Hungary | Saturday, June 25, 2011

Ákos Szilágyi on the threat of barracks capitalism

In view of cuts in social spending across Europe, the essayist Ákos Szilágyi evokes the rise of barracks capitalism in the left-liberal daily Népszabadság: "Either the democratically elected governments dismantle the welfare system or state bankruptcies will cause the system to collapse on its own. If the governments go ahead and slash welfare expenditures and dismantle the social systems, they will immediately face demonstrations and strikes. ... If society is able to prompt the political 'liquidators' to resign it will be to the detriment of capitalist efficiency. That will lead to state resources running dry and gaping holes in the budget. ... If however the 'liquidators' are unwilling to back down, if they favour the rationality of the competitive capitalist economy over the people's desire to consume and the interests of the workers, they must use ideological pressure and administrative force to overcome the ensuing social resistance. ... Such a system I call barracks capitalism."

» To the complete press review of Monday, June 27, 2011

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