alt Hacker NewsAusterity does not create fascism. The examples in the article are just all wrong. Even if you call Trump and Orban fascists, they did not follow austerity. The reaction to the financial crisis was the largest fiscal and monetary interventions in history. Orban consolidated power by spending and state expansion, not austerity. True austerity in Greece, Spain, Portugal of recent times led to new parties, but those countries are politically doing surprisingly well.
Inflation is arguably a causal driver of fascism, like in the Weimar Republic, which is made worse by loose fiscal policy. Biden's ARP added significantly to inflation according to a central bank analysis and inflation was one of the main reasons he lost the election to a populist.