Today’s class war traces its decisive opening victory to the 1920s austerity fight
Evidence
Warren Buff et, the renowned investor and as of 2020 the fourth richest person on earth, was quoted in 2006 as observing: “Th ere’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” Th is book shows how the biggest victory of all, and the one that paved the way for all the winning that followed, was the fi ght that took place a century ago. — Clara E. Mattei, The Capital Order, 85
Categorization
- ADDENDUM: Ties directly to the class-war framing of the austerity-as-class-weapon theme central to this reading purpose.
- XREF: connects to: Austerity originated after World War I as a counteroffensive against working-class unrest — Clara E. Mattei, The Capital Order: How Economists…, 28; Capitalism’s 1918-20 crisis triggered austerity as a counterrevolutionary reaction. — Clara E. Mattei, The Capital Order: How Economists…, 115; In the 1920s tiny owner classes imposed austerity on overwhelming majorities — Clara E. Mattei, The Capital Order: How Economists…, 1472 (+3 more)
Broader Connections
- Capitalism’s 1918-20 crisis triggered austerity as a counterrevolutionary reaction.
#corroborates(0.90) — Clara E. Mattei, The Capital Order, 115 - Austerity originated after World War I as a counteroffensive against working-class unrest
#corroborates(0.88) — Clara E. Mattei, The Capital Order, 28 - In the 1920s tiny owner classes imposed austerity on overwhelming majorities
#expands(0.85) — Clara E. Mattei, The Capital Order, 1472 - Britain pioneered austerity in 1920 and Mussolini’s Italy followed in 1922
#expands(0.84) — Clara E. Mattei, The Capital Order, 820 - Austerity was designed to reverse workers’ revolutionary wartime and postwar gains
#expands(0.82) — Clara E. Mattei, The Capital Order, 654 - The liberal funding anxiety hardened into austerity doctrine by the 1920s
#corroborates(0.80) — Mark Blyth, Austerity, 270