{"id":94224,"date":"2026-07-23T14:33:38","date_gmt":"2026-07-23T13:33:38","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=94224"},"modified":"2026-07-23T14:33:38","modified_gmt":"2026-07-23T13:33:38","slug":"the-price-of-fascism","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/07\/23\/the-price-of-fascism\/","title":{"rendered":"The price of fascism"},"content":{"rendered":"

Some people online say I was wrong to forecast an upcoming economic crisis for this summer and thereafter.<\/p>\n

I beg to differ.<\/p>\n

Brent crude oil has just hit $100 again. This is the FT chart<\/a>.<\/p>\n

\"\"<\/p>\n

If this does not say that markets are waking up to the reality of what I have been saying, I am not sure what does. That uptick is not stopping right now, especially with safe passage through the Red Sea now also being in doubt.<\/p>\n

The cost of Trump's fascist war - apart from that to all those who have died and been injured, displaced or lost loved ones on all sides - is going to be enormous, and might now last for years.<\/p>\n

I would have thought that the world would have realised by now how expensive fascists are, wherever they seek to grab power, including here in the UK. It seems that might not be true, as yet. But I think the realisation will dawn sometime soon.<\/p>\n

The problem is, where do people go then?<\/p>\n

Where is the party with the credible alternative political and economic narrative?<\/p>\n","protected":false},"excerpt":{"rendered":"

Some people online say I was wrong to forecast an upcoming economic crisis for this summer and thereafter. I beg to differ. Brent crude oil
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,35,203,224,106,75],"tags":[],"class_list":["post-94224","post","type-post","status-publish","format-standard","hentry","category-corruption","category-economics","category-fascism","category-neoliberalism","category-politics","category-usa"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/94224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=94224"}],"version-history":[{"count":2,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/94224\/revisions"}],"predecessor-version":[{"id":94228,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/94224\/revisions\/94228"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=94224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=94224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=94224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}