We Can Beat the Right With a Left-Wing Affordability Agenda

In her new book, economist Isabella Weber explains how inflation has helped drive the far right’s ascendance around the developed world — and how effective price regulation can promote affordability and boost the Left.

Isabella Weber speaks during a panel session at the World Economic Forum in Davos, Switzerland, on January 22, 2025.

There is a long but neglected history of governments successfully using price controls to battle inflation and support working-class living standards. Isabella Weber’s new book extracts lessons from these experiences for today’s Left. (Stefan Wermuth / Bloomberg via Getty Images)


In the past decade, much ink has been spilled over the question of whether we are witnessing a resurgence of fascism. Those debates have calmed since last November, when Donald Trump casually identified himself as a fascist amid a disorientingly effusive meeting with New York City’s Mayor-elect Zohran Mamdani.

Part of the problem with the debate is that fascism can be difficult to define and identify — a point economist Isabella Weber makes at the outset of her new book, Anti-Fascist Economics. Unlike other major political ideologies, fascism has few defining texts, social theories, or economic platforms. However, she adds, there are “unifying themes — and an obsession with restoring the dominance of the chosen group by authoritarian and violent means is key.”

To my mind, fascist ideology is captured well enough by its original symbol, the fasces: a hatchet made of tightly bound rods and an axe head, representing the fierce unity of the nation on the one hand and its outward-facing aggression on the other. As Matt Christman once described it, “The cultural expression of fascism is a Janus face of performative sentimentality and performative cruelty.” To take the point a little further, fascism’s programmatic vagueness means that we may in fact be on better footing if we regard it as a cultural phenomenon with political aspirations. That is more or less the approach offered by Weber and by Naomi Klein and Astra Taylor in their equally insightful new book, End Times Fascism.

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