The meme is about how socialdemocrats entire ideology is built upon “reforming” capitalism by implementing a welfare state to more evenly spread the profits of the super exploitation of the periphery. When those profits dry up so too does the welfare state which inevitably pushes them right or left to deal with the heightened contradictions. The meme is pointing out the unfortunate pattern of it almost always ending in a rightward shift (due to many factors). (It is also possibly a reference to the SPD and how them unleashing the freikorps on the KPD directly helped bring Hitler to power)
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