Dictionary of Revolutionary Marxism

—   Fa - Fd   —

FABIAN SOCIETY
British reformist “socialist” (social democratic) organization founded in 1884. “It was named after the Roman general Quintus Fabius Maximus who earned the nickname Cunctator (the Delayer) for his dilatory tactics and avoidance of a decisive encounter with Hannibal. Its members were chiefly bourgeois intellectuals, scientists, writers and politicians (the Webbs, Ramsay MacDonald, George Bernard Shaw and others). The Fabians rejected the need for the workers to wage the class struggle and rejected the socialist revolution, maintaining that transition from capitalism to socialism could be effected by petty reforms and gradual social evolution. Lenin called Fabianism ‘an extremely opportunist trend’ [LCW 13:358]. In 1900 the Fabian Society formed a part of the Labour Party. ‘Fabian socialism’ is a source of the Labour Party’s [original] ideology.” [Note 62 from LCW 28:502.]

FALLING WAGES
See: WAGES—Falling

FAMILY INCOME
See: HOUSEHOLD INCOME

FAMINES
[To be added...]
        See also below, and GREAT LEAP FORWARD

FAMINES — Imperialist Caused
There have been a large number of famines around the world which were caused most fundamentally by foreign imperialism, sometimes even on purpose (for genocidal reasons).
        One of the worst of these famines was that in British-ruled India in 1943-1945. This famine in Bengal and adjoining provinces killed well over a million people and perhaps as many as 6 or 7 million. British Prime Minister Winston Churchill ordered that India continue to export grain to England even as the famine developed in Bengal, and later, at a time when the famine was quite severe, ordered that all shiploads of grain from Australia by-pass India and bring it to England—not because it was needed there at the time, but just for storage for possible future needs! [For more information about this particular famine see: “The Forgotten Holocaust—The 1943/44 Bengal Famine”, by Dr. Gideon Polya (2005), at http://globalavoidablemortality.blogspot.com/2005/07/forgotten-holocaust-194344-bengal.html , a BBC broadcast on the topic which included Dr. Polya and Economics Nobel Laureate Amartya Sen at http://www.open2.net/thingsweforgot/bengalfamine_programme.html, and the book Churchill’s Secret War: The British Empire and the Ravaging of India during World War II, by Madhusree Mukerjee (2010).]
        See also the book by Mike Davis, Late Victorian Holocausts (2002) which shows that the British response to two late 19th century famines amounted to genocide, and notes that in some British labor camps people were fed fewer calories than even in the Nazi death camps.

FANNIE MAE
A semi-official agency of the U.S. federal government engaged in issuing and guaranteeing home mortgages. Its formal name is the Federal National Mortgage Association, but it is almost universally referred to by its nickname “Fannie Mae”. Officially it is what is known as a “government-sponsored enterprise” (GSE) which was set up by Congress to support and stabilize the mortgage credit market, where mortgages and mortgage-related assets (such as CDO’s and similar derivatives) are bought and sold by financial capitalists. Fannie Mae is one of several officially independent GSE’s, but is in reality a federal agency, which props up the mortgage portion of the financial industry. It is one of the originators of the securitized bundles of mortgages which have played such a major role in the current financial crisis. Fannie Mae also purchases mortgage-related derivatives for its own account and issues its own bonds to pay for them. It is, in other words, a key pillar of the financial house of cards that constitutes the mortgage market.
        Fannie Mae was first set up as a government agency in the Great Depression of the 1930s. In 1968 it was re-chartered by Congress as a GSE, but remained a quasi-official government agency because of its implicit government financial guarantee. The financial panic of 2008 showed that its economic “independence” was a pure fiction. In early September 2008, Treasury Secretary Henry Paulson announced the rescue package for Fannie Mae and its cousin Freddie Mac, and the formal takeover by the government of both companies.

“Fannie Mae is the nation’s largest mortgage buyer and a financial juggernaut that affects the lives of tens of millions of home buyers. It was taken over by the federal government on Sept. 8, 2008, along with Freddie Mac, as the two mortgage giants struggled with deep losses and investors lost confidence in the pair.
         “Many experts believe that Fannie and Freddie are likely to remain wards of the state for years.
         “And, given the alarm in some quarters over the mounting budget deficit, these two giants and their vast obligations are likely to remain conveniently—and controversially—off the federal books. Fannie Mae and Freddie Mac have obligations of $3.9 trillion to investors who bought bundles of mortgages that the companies assembled.
         “Lawmakers of both parties, eager to demonstrate their scorn for the companies, have called for their eradication. But few policy makers are willing to take aggressive steps that might weaken the housing market. On Dec. 24, 2009, the White House quietly disclosed that it had, in effect, given the companies a blank check by making their federal credit line unlimited; the ceiling had been $400 billion.” —From the New York Times website.

FANSHEN   [Book]
A classic book, by William Hinton, about the course of social revolution in the Chinese village of Long Bow in Lucheng County, Shansi Province. It describes in careful detail the efforts, often successful, sometimes not so, of the local members of the Communist Party of China to mobilize the masses in this village to make revolution. It often demonstrates the leadership method of the mass line in practice.

“Every revolution creates new words. The Chinese Revolution created a whole new vocabulary. A most important word in this vocabulary was fanshen. Literally, it means ‘to turn the body,’ or ‘to turn over.’ To China’s hundreds of millions of landless and land-poor peasants it meant to stand up, to throw off the landlord yoke, to gain land, stock, implements, and houses. But it meant much more than this. It meant to throw off superstition and study science, to abolish ‘word blindness’ and learn to read, to cease considering women as chattles and establish equality between the sexes, to do away with appointed village magistrates and replace them with elected councils. It meant to enter a new world. That is why this book is called Fanshen. It is the story of how the peasants of Long Bow Village built a new world.” —William Hinton, on the first page of his great book.

“This is a very important book for revolutionary communists to read. It is what first opened up my eyes as to what communists are trying to do, and how they are trying to go about doing it.” —Scott Harrison

FARC or FARC-EP
The Fuerzas Armadas Revolucionarias de Colombia—Ejército del Pueblo, or Revolutionary Armed Forces of Colombia—People’s Army. A nominally Marxist guerrilla organization in Colombia which has been engaged in war against the Colombian government for many decades. [More to be added.]
        See also: WAR ON DRUGS

FARM WORKERS
[To be added...]
        See also: RURAL LABORER

FASCISM
The form of capitalist society in which the bourgeoisie rules by open, terroristic violence against the people, as opposed to bourgeois democracy. As an extreme form of bourgeois nationalist rule, fascism often also includes rabid forms of racism, often to the point of genocide. The most vicious and notorious example was Nazi Germany (1933-1945).
        For a much more thorough discussion of fascism see my 19-page essay, “A Short Introduction to the MLM Conception of Fascism”: PDF Version [335 KB];   MS Word Version [122 KB]. —Scott H.

FATALISM
The view that one cannot choose between alternative actions, or that one’s choice is “predetermined” (and hence not really genuine). Often confused with determinism.
        See also: COMPATIBILISM

FBI
See: FEDERAL BUREAU OF INVESTIGATION

FDI
See: FOREIGN DIRECT INVESTMENT

Dictionary Home Page and Letter Index

MASSLINE.ORG Home Page