The state now provides welfare to the rich — tax cuts and bailout packages but instead of protesting against the economic policies for causing unemployment, the super rich employers and corrupt financial institutions, the racist leaders tell the poor to blame some minority. Trump, Geert Wilders, and Marine Le Pen, etc, exploited the situation by spreading fear of Muslims and immigrants.
The angry and alienated peoples of the US, Holland, and France find false solace in their populist rhetoric. Studies show that ‘unemployed and economically inactive youth are more likely to be hate offenders.’
In England and Wales, the police recorded 52,102 hate crimes during 2009’ and soon after the Brexit referendum and Trump’s victory incidents of hate crime surged. France, Germany, and Holland are also witnessing this ugly trend. Capitalist economic theory see the roots of hate crime in displaced stress for scarce resources. Racist politicians know very well how to exploit these feelings. The ruling class learn from one another.
We should know that populism has always been a disaster. We must also know populism has never been popular. Yet they are presented as popular.
The world is divided in two classes. The global wealth is in the custody of 10% rich elite. The other 90% suffer from all forms of miseries. This gulf must be bridged by giving common ownership of assets to the 90%.’