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Anti-Semitism is a Product of Socialism

This article was written over 12 years ago, but it is nonetheless an interesting read.

The Socialist Roots of Modern Anti-Semitism

By Tyler Cowen • January 1997 • Volume: 47 • Issue: 1

Dr. Cowen teaches economics at George Mason University in Fairfax, Virginia.

Auschwitz meant that six million Jews were killed, and thrown on the waste-heap of Europe, for what they were considered: money-Jews. Finance capital and the banks, the hard core of the system of imperialism and capitalism, had turned the hatred of men against money and exploitation, and against the Jews. . . . Antisemitism is really a hatred of capitalism.

—Ulrike Meinhof, left-wing German terrorist of the 1970s

Capitalism and the market economy encourage racial, ethnic, and religious tolerance, while supporting a plurality of diverse lifestyles and customs. Heavily regulated or socialist economies, in contrast, tend to breed intolerance and ethnic persecution. Socialism leads to low rates of economic growth, disputes over resource use, and concentrated political power—all conditions which encourage conflict rather than cooperation. Ethnic and religious minorities usually do poorly when political coercion is prevalent. Economic collapses—usually associated with interventionism—worsen the problem by unleashing the destructive psychological forces of envy and resentment, which feed prejudice and persecution.

http://www.thefreemanonline.org/featured/the-socialist-roots-of-modern-anti-semitism/




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