Democracy, capitalism, socialism, and fascism

I wonder if folks have considered that so-called liberal democracy may have been an ephemeral mode of governance born of a unique convergence of industrial capitalism and increasingly irrelevant monarchies. Marx’s predictions of socialism’s inevitable ascendance notwithstanding, the seamless alignment of capital and the state has shown that other configurations do emerge.

While global capitalism resulted in a diminution of the state’s relevance and power, fascism promises both the states restoration, and the reconfiguration of capitalism along nationalistic lines. Hence if globalization has resulted in the disillusionment of the laboring masses of the world, fascism represents the illusory promise of a restoration to some imagined halcyon days of dignity or greatness.