this post was submitted on 22 Apr 2025
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I'm not using it as synonymous with powerful people, fascism has always been tied to private capital. As I already said, oligarchy isn't really any one thing, just like economy isn't. Fascism specifically is entirely a product of Capitalist decay, or, rather, is Capitalism when in decay and needs to rescue itself.
The inter-Ally debts causing the allies to squeeze Germany ever-further via reparations in order to pay their debts back to the US was a part of the rise of fascism, but not the only one. There was also rising labor organizing, a need for forced labor via colonial expansion, and more. It's more complex and nuanced than that.