David Brooks at New York Times had an interesting article up today on the "Formerly Middle Class". His main thesis is that, as these formerly middle class people lose their jobs and their middle class symbols, they will become angry, pessimistic, and vulnerable to extremist messages.
This column reminded me of Today's ISMS: Socialism, Capitalism, Fascism, Communism, and Libertarianism by Ebenstein. In it, Ebenstein said of Fascism that its footsoldiers are of the Lower Middle Class, because they have worked the hardest to move themselves out of the lower class. So they embrace the social conventions and traditions. At the same time, because they are lower on the economic scale, they are more vulnerable to losing their status. Therefore they are more militant against economic redistribution schemes. Fascism exploits their vulnerabilities against Communism, even though both are more similar than different in practice.
With this in mind, we can look at a post-Great-Recession World 10 years from now: In China, India, Brazil, and Russia, (and East Europe), we can expect to see a rise in Nationalistic Fascist groups in their respective countries. They will militate against their traditional enemies: Japan/Korea, Pakistan, Germany/Europe, Paraguay(?), et al. And the United States will be the Public Enemy # Uno in many of those places as well.
As the "Emerging Markets" slide back into 3rd World-ness, we can also expect a re-surgence in Communist philosophies. Both Communism and Fascism are products of the turbulent economic times of the last turn of the century. It seems that the more things change, the more they stay the same.
I may have to order that nuclear fall-out shelter I've been thinking about. With a possibly Islamic-ruled Pakistan and Nationalistic Fascist India facing each other, the Doomsday Clock is edging toward armageddon.