Dr Bashar al Jaafari: Syria’s renewed status in the world

1 June 2021

Source

Syria’s Deputy Foreign Minister is interviewed by al Mayadeen TV, subtitles by Arabi Souri,

The Great Interregnum

The Great Interregnum

February 01, 2021

by Francis Lee for The Saker Blog

The road to the future, to a new expansion as is always close to the heart of capital, led outwards, to the still pleasantly unregulated world of a borderless global economy in which markets would no longer be locked into nation-states, but nation-states locked into markets. (1)

The golden age of post-war capitalism which lasted from the Bretton Woods arrangements of 1944 ended definitively with the great 1971 counter-revolution; a process which began with the removal of the US$ from the gold standard. Since the rest of the world’s currencies were fixed to the dollar these currencies were automatically detached from gold. What emerged, whether by accident or, more likely by design, has defined the contours of the 21st century and this has borne witness to the emergence of a New World Order (NWO) of a neo-liberal, globalization settlement and conjointly the collapse of actually existing socialism. This realignment was by no means accidental and represented fundamental policy changes rather than unconnected random events.

THE RISE OF NEOLIBERALISM AND THE NWO

This NWO has been established on the basis of deep structural changes in the nature of actually existing capitalism and qualitatively different to the welfare, inclusive capitalism of the immediate post-war period. However the counter-revolution caught the left unprepared and who have seemingly been unable to grasp this fact. Moreover the collapse of actually existing socialism ended the historical period of political ascendency of the left – a process which dated back to the Russian revolution of 1917 – and transmuted into the great neo-liberal counter-revolution which began in 1971.

This eclipse of socialism – or anything resembling socialism – has been the feature of the late 20th and early 21st centuries. Both social-democratic and even communist parties have been politically marginalised by their theoretical inability to discern the deficiencies in their political agendas. The counter-revolutionary wave of the late 20th century began in stages to sweep all before it. The decline of a moribund social-democracy and even eurocommunism with their entrenched and seemingly immovable policies of an earlier period – Progress through Parliamentary Reform – were found to be wanting, out of date and out of time, running out of steam with their economies plagued by stagflation and declining growth. By the late 60s early 70s Le Trente Glorieuses were no more and this gave rise to the surge of counter-revolution initially led by the Reagan-Thatcher axis. This move into the future was – if anybody noticed – a backward movement. Winners included the then Head of Siemens, Heinrich Von Pierer, to triumphantly proclaim: ‘’The wind of competition has become a storm, and the real hurricanes still lies ahead of us.’’(2)

THE EFFECTIVE DEMISE OF THE LEFT

To think that the Left which had once occupied and dominated Western Europe and consisted of mass parties of social-democrats and communists, and moreover, even in 1945 there were armed communist partisans operating in Albania, Greece, Yugoslavia, Italy, and France, including a large Parliamentary representation.

But the Left capitulated and adapted to the new order and for better or worse – actually worse – and was to imbibe the fashionable doctrines of neo-liberalism.

I vividly remember being a student delegate at Labour Party Annual Conference in the seaside town of Blackpool in 1976. Conference was always a rather tedious and dispiriting affair but this time it was historic. James Callaghan the then Prime Minister gave the following address. The key passage was as follows:

‘’We used to think that you could spend your way out of a recession and increase employ­ment by cutting taxes and boosting Government spending. I tell you in all candour that that option no longer exists, and that in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of infla­tion into the economy, followed by a higher level of unemployment as the next step. Higher inflation followed by higher unemployment. We have just escaped from the highest rate of inflation this country has known; we have not yet escaped from the consequences: high unemployment.’’ Apparently, Keynes was now passe and Von Hayek was flavour of the month.

What Callaghan was in fact articulating was the demise of social-democracy in the UK, and for that matter everywhere else; it was over, finished, and now a complete political racket infested with careerists and parvenus on the make. So Orwell was right even before then to describe the Labour Party as being ‘pale pink humbug’(The Road to Wigan Pier 1937). The neo-liberals had won, and it was an Atlantic-wide victory. Be advised that a party which calls itself a party of the Left, but which adheres to the neo-liberal orthodoxy is simply a fraud. Ex-centre-left parties have simply moved over to the centre-right en bloc. This project was definitively operationalised with considerable success by Blair (New Labour) and Clinton (political centrism) in the 90s.

TAKE A KNEE TO THEM NOW

This political about-face where the ashes of the left and the emergence of the neoliberal right was presided over by a new goddess known as TINA—There Is No Alternative. The long list of her high priests and priestesses extends from Margaret Thatcher via Tony Blair down to Angela Merkel and Bill Clinton. Anyone who wished to serve TINA, to the accompaniment of the solemn chorus of the united economists of the world, had to recognize the escape of capital from its national cages as both inevitable and beneficial, and would have to commit themselves to help clear all obstacles from its path. Heathen practices such as controls on the movement of capital, state aid and others were to be tracked down and eradicated; no one must be allowed to escape from ‘global competition’ and sink back into the cushioned comfort of national protections of whatever kind. Free-trade agreements were to open up markets and protect them from state interference, global governance was to replace national governments, protection from commodification was to be replaced by enabling commodification, and the welfare state was to give way to the competition state of a new era of capitalist rationalization. By the end of the 1980s at the latest, neoliberalism had become the de rigeuer for both the centre left and the centre right—with haemorrhaging membership and a declining electoral participation, disproportionately so at the lower end of the social scale. Additionally, a beginning in the 1980s this was accompanied by a meltdown of trade-union organization, together with a dramatic decline in strike activity worldwide—altogether, in other words, a demobilization along the broadest possible front of the entire post-war machinery of democratic participation and redistribution The old political controversies were now regarded as being obsolete by the PTB.(3)

THE ROAD TO NEMESIS

But history is full of surprises. In their hubris the new ruling elites were to become victims of their own propaganda, a customary and predictable human failing. Cracks were beginning to show in the neo-liberal paradigm during the holding period of 2008-2020 and the model was, whether they liked it or not, beginning to show deep structural fault-lines. The new economic system was becoming increasingly obsolete and unstable, the elephant in the room is now beginning to make its presence felt. This has been the result in the build-up of problems which were occasioned by the 2008 blow-out.

At the present time, however, the cracks which had papered over the post 2008 bodge and the distribution of national income was increasingly tilted away from the 99% to the 1%. Such a polarization of wealth and income cannot possibly endure without economic and political chaos. The process is in its early stages and represents the most severe trial of the new order since the 1971 establishment. In effect democracy is being sacrificed by the requirements of capitalism. This Great Reset is the Hayekian wonderland of a 21st century slave state.

‘’If capitalism of the consolidation state can no longer produce even the illusion of equitable growth, the time will come when the paths of capitalism and democracy must part. The likeliest outcome would be the completion of a Hayekian social dictatorship in which the capitalist market economy was protected from democratic correction. Its legitimacy would depend upon whether those who once were its citizens would have learned to equate market justice with social justice and to think of themselves as members of a unified marktvolk. Its stability would further require instruments for the ideological marginalization, political disorganization, and physical restraint of anyone unwilling to accept this lesson. Those who refused to bow to market justice, in a situation where political institutions economically, would then be left with what used to be described in the 1970s as extra-parliamentary protest: emotional, irrational, fragmented, and irresponsible. And this is what we would precisely expect if the democratic channels for the articulation of interests and the formation of preferences are blocked, only because the same outcomes can never emerge or because what emerges no longer makes any difference to the markets … The alternative to capitalism without democracy is democracy without capitalism. (4)

So now we are living in a period of what Antonio Gramsci described as the interregnum. “The crisis consists precisely in the fact that the old is dying and the new cannot be born; in this interregnum a great variety of morbid symptoms appear.”(5) Its outcome can only be guessed at.

La Lotte Continua.

NOTES

(1) Wolfgang Streeck – New Left Review – 104

(2) Der Spiegel 1996

(3)Wolfgang Streeck – New Left Review 104

(4) Grace Blakeley – Stolen: How to Save the World from Financialization -pp.172/73.

(5) Prison Notebooks – Antonio Gramsci.

Democracies Don’t Start Wars. But Democrats Do

By Philip Giraldi, Ph.D.
Source: Strategic Culture

It may have been President Bill Clinton who once justified his wrecking of the Balkans by observing that liberal interventionism to bring about regime change is a good thing because “Democracies don’t start wars with other democracies.” Or it might have been George W. Bush talking about Iraq or even Barack Obama justifying his destruction of Libya or his interventions relating to Syria and Ukraine. The principle is the same when the world’s only superpower decides to throw its weight around.

The idea that pluralistic democracies are somehow less inclined to go to war has in fact been around for a couple of hundred years and was first elaborated by Immanuel Kant in an essay entitled “Perpetual Peace” that was published in 1795. Kant may have been engaging in some tongue in cheek as the French relatively liberal republic, the “Directory,” was at that time preparing to invade Italy to spread the revolution. The presumption that “democracies” are somehow more pacific than other forms of government is based on the principle that it is in theory more difficult to convince an entire nation of the desirability of initiating armed conflict compared to what happens in a monarchy where only one man or woman has to be persuaded.

The American Revolution, which preceded Kant, was clearly not fought on the principle that kings are prone to start wars while republics are not, and, indeed, the “republican” United States has nearly always been engaged in what most observers would consider to be wars throughout its history. And a review of the history of the European wars of the past two hundred years suggests that it is also overly simple to suggest that democracies eschew fighting each other. There are, after all, many different kinds of governments, most with constitutions, many of which are quite politically liberal even if they are headed by a monarch or oligarchy. They have found themselves on different sides in the conflicts that have troubled Europe since the time of Napoleon.

And wars are often popular, witness the lines of enthusiastic young men lining up to enlist when the Triple Entente took on the Germans and Austrians to begin the First World War. So, war might be less likely among established democracies, but it should be conceded that the same national interests that drive a dictatorship can equally impact on a more pluralistic form of government, particularly if the media “the territory of lies” is in on the game. One recalls how the Hearst newspaper chain created the false narrative that resulted in the U.S.’s first great overseas imperial venture, the Spanish-American War. More recently, the mainstream media in the United States has supported the disastrous invasion of Iraq, the destabilization of Syria, and the regime change in Ukraine, Afghanistan and Libya.

So now we Americans have the ultimate liberal democratic regime about to resume power, possibly with a majority in both houses of Congress to back up the presidency. But something is missing in that the campaigning Democrats never talked about a peace dividend, and now that they are returning the airwaves are notable for Senators like Mark Warner asking if the alleged Russian hacking of U.S. computers is an “act of war?” Senator Dick Durbin has no doubts on the issue, having declared it “virtually a declaration of war.” And Joe Biden appears to be on board, considering punishment for Moscow. Are we about to experience Russiagate all over? In fact, belligerency is not unique to Donald Trump and Mike Pompeo.  War is in the air, and large majority of the Democratic Party recently voted for the pork-bloated National Defense Authorization Act (NDAA), endorsing a policy of U.S. global military dominance for the foreseeable future. If you are an American who would like to see national health insurance, a large majority among Democrats, forget about it!

But more to the point, the Democrats have a worse track record than do the Republicans when it comes to starting unnecessary wars. Donald Trump made the point of denouncing “stupid wars” when he was running for office and has returned to that theme also in the past several weeks, though he did little enough to practice what he preached until it was too late and too little. Clinton notoriously intervened in the Balkans and bombed a pharmaceuticals factory in Sudan and a cluster of tents in Afghanistan to draw attention away from his affair with Monica Lewinsky. His secretary of State Madeleine Albright thought the death of 500,000 Iraqi children due to U.S. sanctions was “worth it.” Barack Obama tried to destroy Syria, interfered in Ukraine and succeeded in turning Libya into an ungovernable mess while compiling a “kill list” and assassinating U.S. citizens overseas using drones.

If you want to go back farther, Woodrow Wilson involved the U.S. in World War One while Franklin D. Roosevelt connived at America’s entry into the Second World War. FDR’s successor Harry Truman dropped two atomic bombs on civilian targets in Japan, killing as many as 200,000. Japan was preparing to surrender, which was known to the White House and Pentagon, making the first use of nuclear weapons completely unnecessary and one might call it a “war crime.” Truman also got involved in Korea and John F. Kennedy started the intervention in Vietnam, though there are indications that he was planning to withdraw from it when he was killed. The only Democratic president who failed to start one or more wars was the much-denigrated Jimmy Carter.

So, it is Joe Biden’s turn at the wheel. One has to question the philosophy of government that he brings with him as he has never found a war that he didn’t support and several of his cabinet choices are undeniably hardliners on what they refer to as national security. The lobbies are also putting pressure on Biden to do the “right thing,” which for them is to continue an interventionist foreign policy. The Israeli connected Foundation for the Defense Democracies (FDD) has not surprisingly issued a collection of essays that carries the title “Defending Forward: Securing America by Projecting Military Power Abroad.” If one had to bet at this point “defending forward” will be what the Biden Administration is all about. And oh, by the way, as democracies don’t go to war with democracies, it will only be the designated bad guys who will be on the receiving end of America’s military might.Or at least that is how the tale will be told.

“Democracy” vs. Covid – A No-Go

“Democracy” vs. Covid – A No-Go

October 23, 2020

by Peter Koenig for the Saker Blog

Brussels (EU and European NATO Headquarters) – On 21 October 2020, the German Press Agency (dpa) reports that Germany pledges NATO soldiers for possible Covid-19 operations: “German soldiers could be sent on crisis missions to other NATO and partner countries during the second wave of the Corona pandemic. As a spokesman for the Ministry of Defense confirmed, the German government has promised NATO support for its “Allied Hand” emergency plan. According to this plan, medical personnel, pioneers and experts from the force would be made available for foreign missions to counter nuclear, biological or chemical hazards as required. The contingency plan is to be activated, for example, if a collapse of the health care system is imminent in allied or NATO partner countries due to very high infection rates and the affected state asks for support.”

In clear text, this means that German soldiers may be deployed on covid-related “crisis missions” to other NATO partners. Covid-restrictions and related government oppression and tyranny may lead to massive civil unrest, and German soldiers, alias German NATO soldiers, along with soldiers form other NATO countries, could help the local governments suffocate such potential people upheavals, applying military force. Live bullets and killing, if “necessary”.

In some European countries, covid-unrests already clearly visible, i.e., Slovenia, Czech Republic, Poland, Hungary, Spain – and of course, in the very Germany. Civil and societal unrest is also boiling hot in France, currently one of the most repressive regimes in the western world.

All these countries were told and brainwashed into believing they live in a “democracy” – and in a democracy what is happening to them could and should never happen. They were never asked. Their governments didn’t even bother telling them that these “measures” were for their own good. Now, they are even being told by people like Boris Johnson, British PM, not to hope to go back to “normal”. There will be no more normal as we knew it, he literally said. Instead, there will be a Great Reset.

Thereby he is aping the words of Klaus Schwab, the founder and CEO of the World Economic Forum (WEF), who just published (July 2020) a book, called “Covid-19 – The Great Reset”. The book is available on Amazon (where else!), and I highly recommend reading it, not for Schwab to get richer, but for you and us the people to know what “their” plan is. Only if we know what the plan is, we may stop it – if we organize in solidarity and resist.

There is no “democracy”, there has never been. The EU is one of the least democratic institutions there is. But, yet, we are being indoctrinated with this huge lie, we are living in a democracy. It is covid that finally brings this abject global deceit to light.

And our lie-prone politicians and their bought mainstream media, continue to praise our western beautiful democracy, while deviating our attention from the truth, by bashing wester-made enemies, like China, Russia, Iran, Venezuela, Cuba, Syria, North Korea – and others, just so we are blinded at home, but are told with false-propaganda that all these other countries are evil. They are evil, because they do not believe in our western greed-economy. The media does a very successful firing up of “cognitive dissonance’ – we know something is not right, but our feverish want for remaining in our comfort zone, makes us believe that we are well protected by our “elected” masters – and those, for example, in the east, who may follow another life philosophy than is ours which is made up of greed and violence – are evil.

An interesting poll, made public today in Switzerland shows that on average more than two thirds of the EU population thinks negatively about China and Russia. Why? China and Russia have never done anything harmful to Europe, to the contrary – they have offered truthful cooperation, against coerced collaboration, US-style. So, the question “Why?” is answered with the corporate paid brainwash-media.

Is this “democracy”? – Is this democratic thinking? Do these people realize that their brains have been captured years ago by a consumer-comfort propaganda and gradually converted into a submissive slave-behavior that still believes in “democracy”?
—–

The German people have not been asked whether they agree sending German troops to other countries, nor whether they should participate in NATO exercises. The truce that is in force for Germany since the end of WWII, allows no foreign intervention by German military. In fact, no formal Peace Agreement has (yet) been signed between Germany and the winning powers. The armistice accord contains a clause that dictates that Germany ought to never undertake any actions that go against the interests of the United States. This would explain, at least in part, why the German Government bends backwards over to please Washington.

But most of the Germans are oblivious to this fact.
On purpose. Because “democracy” would dictate the ethical: let the public know. Get a public debate going about the autonomy and sovereignty that Germany currently has and that she – and her people – deserve.

The decision of using German troops as NATO soldiers in other countries has nothing to do with “democracy”. It goes against the grains of democracy. Is Germany under a “covid emergency law”, which would be similar to Martial Law? As is France, Switzerland, Spain, the UK? If so, have the people been properly informed?

Switzerland has just recently extended her Covid Emergency Law until the end of 2021 – and then what? It could easily be extended again, as it was now. The law was rammed through a right-wing congress, regardless of political parties, congress men and women largely agreed. No questions asked. The people were never consulted.

Now a People’s Referendum (a privilege the Swiss still have) that would ban this so-called “Notrecht” (emergency Law), is under way. But by the time enough signatures will be assembled and the referendum will be “allowed” by the Government to be presented to the public for a vote, it may be too late to change the drastic measures that were implemented under the quasi-Martial Law.

That’s “democracy”, or is it?

France under Mr. Macron, a Rothschild gnome, has reimposed a State of Health Emergency and introduced curfews, a ban on weddings and being out in the streets is permitted only with special permits. This as the result of a “sudden and spectacular acceleration” in the spread of the coronavirus, Jean Castex, the Prime Minister said, justifying this audacious draconian measure. He added that the national COVID-19 incidence rate over the past ten days had jumped from 107 to 190 cases per 100,000 population with “particularly alarming levels” in some large cities. But who checks the figures, the statistics, how they are assembled? Nobody.

That’s “democracy”? – For disobedience fines are €135 for first offenders, rising to as much as €7,500 — and a six-month prison term. Well, is this dictatorship or what?

It is far away from “democracy” – that’s for sure. Especially if we know what covid really is – namely nothing more than closely similar to a regular flu. This is according to Anthony Fauci, chief of NIAID / NIH of the US, when he writes peer-reviewed articles in the New England Journal of Medicine (NEJM), like “Covid-19 – Navigating the Uncharted” …. “the overall clinical consequences of Covid-19 may ultimately be more akin to those of a severe seasonal influenza (which has a case fatality rate of approximately 0.1%) or a pandemic influenza (similar to those in 1957 and 1968) rather than a disease similar to SARS or MERS, which have had case fatality rates of 9 to 10% and 36%, respectively.” (https://www.nejm.org/doi/full/10.1056/nejme2002387).

When Fauci speaks to the media – in countless interviews to mainstream TV – he uses the usual fear-mongering narrative of the deadliness of the corona virus.

This shows, that there is clearly a different agenda behind covid than controlling the “Pandemic”, but rather controlling the people. We ought to wake up. It’s too late to talk about reinstating “democracy”. Truth is, we never had democracy. And now we have to fight for our sheer survival as human beings. Trust me.

“Democracy” is but a wishful slogan. Democracy in today’s world certainly doesn’t exist. It never did. Not even in ancient Greece it worked, where the term was invented some 2500 years ago by well-off, but admittedly well-thinking philosophers. Democracy was always for the educated, for the fortunate and wealthy – but it never played out in truth to all of the people – to what the term in its original translation meant and means. As soon as the term democracy is given to politicians as a concept of ruling a nation to be applied, the meaning of “democracy” is vandalized into “the people choose, but the elite decides”. It is the same as of this day. Democracy is derived from the ancient Greek “demokratia,” literally meaning that power belongs to the people. It never did; and even less so today.

“The power belonging to the people” was and is conceded to the people, always to the extent that the controlling elite deems appropriate. If the people want to take over what’s theirs, the controlling elite brings out controlling forces and plays the propaganda game, misinformation, manipulated truth and outright lies. This was the case then and is practiced today in even more sophisticated ways.

Today, deceit is not just applied as the ruling elite sees fit and for personal gains, it is manufactured by algorithms, actually by Artificial Intelligence. Today’s elections, particularly in the west, are decided by oligarch or deep state-controlled algorithms. The voters play an alibi role. Not more. There is hardly any election in the (western) world which is not ultimately controlled and decided by the United States.
——

Back to the non-democratic European Union. It is using NATO troops for urban warfare, if you will. There is a not-much-talked about German / NATO military base in the small “Land” (State) of Saxony-Anhalt, not far from Hamburg. According to the German online journal “Pivot Area” (https://www.pivotarea.eu/2017/10/26/german-armed-forces-open-part-of-their-new-urban-warfare-training-city/), the urban warfare military base in “Schnöggersburg is being built since 2012. It should be finished by the end of 2020. By then it will consist of more than 500 buildings stretched over 6.25 square kilometers. The so called „urban agglomeration“, as the Bundeswehr (German Armed Forces) labeled its training ground, has a whole city infrastructure – i.e. a canalization (water supply and sewerage), an underground (metro) line, a train station, an industrial park, as well as a sport stadium, slums, residential areas and a high-rise district. The German MoD (Ministry of Defense) planned to invest 140 million Euros into the project (by completion, it will likely be considerably more). According to lieutenant-general Frank Leidenberger, head of the land forces innovation-department, the last decade shows the clear trend, that „warfare moves from the field to the cities.“ Therefore Schnöggersburg should give the German armed forces a supreme training ground for state of the art operations in urban scenarios. Leidenberger says also that the Bundeswehr considers its new high training city as a strategic resource to push the framework of nation concept with partner armies.”

The key phrase is “the framework of nation concept with partner armies.”  That’s where NATO comes in.

How many Germans have been democratically informed about this Monster Project? It clearly indicates that urban social unrest, on massive scale, was already foreseen way before 2012 – probably around the time that the Global Great Reset started taking form, decades ago, in the criminal heads of the all-controlling Deep Dark State; those that started this new phase of societal digitization with 9/11 in 2001, curiously also the beginning of a new western calendar landmark, the Third Millennium. Starting with 9/11, the western empire and its minions went downhill. And the East started rising.

The downhill slide will undoubtedly mean the end of the empire. But on the way there, all the most mischievous powers will be used to enslave the population, digitally and with AI, algorithms. Since this Deep Dark State has also eugenicists in its core, a massive population reduction is also part of the plan.

Monetary digitization is likewise part of the plan. In fact, it is already well under preparation, as an element of WEF’s Great Reset, or as the IMF calls it, The Great Reformation. The IMF (and the World Bank), both controlled by the US Treasury, are planning a so-called Bretton Woods 2.0, a Reset of the monetary system, where eventually the western dollar economy would be replaced by a digital crypto-currency, in which selected western currency may partake. The role of gold in it, is not clear, nor is the role of the de facto strongest currency, the Chinese Yuan.

If this as of yet hypothetical new IMF-BIS controlled crypto-currency materializes, it would most likely wipe out all US debt and make lines of credit available – perhaps in the hundreds of trillions of dollars equivalent – to help bail-out small central banks of poorer, highly indebted countries. (see also https://www.youtube.com/watch?v=y_cL7Sv5Daw).

Would these countries’ debt base just balloon out of proportion with the new IMF-BIS bail-outs, or would they simply (have to) concede their national asset base to the IMF-BIS managed Global monster fund – to be able to limp along in “lockstep” and poverty, according to the Masters’ rules, is not clear.

In any case, be prepared, there is much to come, if, We, the People, allow the Covid-19 induced Great Reset to move forward. It is increasingly clear that covid is nothing more than an instrument for a much grander plan, The Great Reset. – the Great Reset is the antidote to “democracy”. It is a further demolition of any hope towards a “democracy”.

Fortunately, there is China, also with a new digital (crypto?) currency, in test phase, under preparation – eventually to be rolled out for international payment use, as an alternative to the dollar economy, or the new IMF-BIS treacherous US Treasury controlled crypto-currency. In contrast, the digital yuan is meant as a peaceful means of trading among equals in view of a more balanced multi-polar world. Yes, this despite the negative wester thinking about China.
The Tao life philosophy that the west doesn’t want to know or understand, is not confrontational, not even when constantly confronted by the aggressive west.

In the meantime, to escape the new monetary tyranny (from fiat dollars to fiat-fiat crypto), countries could simply retake their sovereignty, take back their national central banks, heir national currencies and start producing for local markets with local public banks and with local debt – as much as possible towards a state of self-sufficiency, with cross-border trading in local currencies. If this happens, the IMF-BIS controlled crypto currency will bite the dust.


Peter Koenig is an economist and geopolitical analyst. He is also a water resources and environmental specialist. He worked for over 30 years with the World Bank and the World Health Organization around the world in the fields of environment and water. He lectures at universities in the US, Europe and South America. He writes regularly for online journals such as Global Research; ICH; New Eastern Outlook (NEO) and more. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed – fiction based on facts and on 30 years of World Bank experience around the globe. He is also a co-author of The World Order and Revolution! – Essays from the Resistance.
Peter Koenig is a Research Associate of the Centre for Research on Globalization.

Naive Millennials: it’s the man (Trump) & not ‘The Man’ (the US system)

Source

Naive Millennials: it’s the man (Trump) & not ‘The Man’ (the US system)

July 18, 2020

By Ramin Mazaheri for the Saker Blog

How many years, or decades, does it take to unlearn national propaganda? In any country it’s not easy because it starts in the cradle, or at least at preschool. Despite the false claims of moral relativists, not all national worldviews are equal – some propaganda is good and furthers modern ideas, while some are as repugnant as yesterday’s bathwater.

Firstly: who is “The Man”? “The Man” was a term which was so ubiquitous in the US until the 1980s that I find it hard to believe that anyone reading this doesn’t know what I’m talking about – such a person would have to be quite young and rather unusually culturally illiterate.

So I turn to a youth-oriented website – UrbanDictionary.com, where one can find the meaning of any slang word: 1. n. (derogatory, semi-proper) Term used to describe any class of people who wield power and are seen as oppressive. See also whitey, big brother, corporate America, the establishment (Please note, these synonyms are used as examples of groups who have been called “The Man,” and should not be construed as a racist attack).

It is definitely not a racist term but entirely a class term: 1970s Blaxploitation movies were filled with Black-to-Black admonishments not to join “The Man” in his nefarious schemes of exploitation against all colors (excepting green). In many ways it was the equivalent of today’s “1%” – you were either for against “The Man” just like today you are either against the “1%” or aspire to join them.

It’s not like The Man was ever routed, but what ever happened to “The Man”…? Algeria has “le pouvoir” (the power) and Turkey has derin devlet (deep state) but in America “The Man” has lost its power, which only proves how much stronger “The Man” is today in the US than He was 40 years ago.

Hey – I’m still using it and am against “The Man”. Don’t let Him get you down.

Unfortunately the total uniqueness of the Trump phenomenon in American history has allowed the Mainstream Media to focus entirely on the man (Trump) instead of “The Man” even though any intelligent reading of recent history leaves no doubt: Trump is in office because half the country was fed up with “The Man”, i.e. the US establishment.

This explains why so few young voters in 2016 supported Trump – they simply could not see that he was the “protest vote” against a corrupt and aristocrat-protecting system. The reason for that is because their youth necessarily makes them inexperienced regarding “The Man”, and also because they are so very, very indoctrinated: they believe in the US system because that is what has been forced down their throat since birth; what has been reinforced by a global media dominated by the US, which never broadcasts its sins, shames and failures; and what has been reinforced by a post 9/11 jingoism unseen since WWII.

The youth class has to overcome all of those obstacles to see Trump’s “virtues”… and then they also have every right to dismiss Trump anyway because he has been such a letdown (mainly because he really has no coherent political ideology at all).

But, despite his failures, how hard is it for a 20-year old to realise that Trump is not at all “The Man”? Trump pulled out of NAFTA, still talks about leaving NATO, wanted detente with Putin-led Russia – these anti-free trade and anti-war stances are exactly why “The Man” has done everything to demolish Trump and to smother support for such “anti-The Man” stances. Trump may be the US president, but bringing these totally unprecedented anti-mainstream political stances into the US mainstream make him not really “The Man”, and I’m sure the older US class will agree with me.

And yet many young people, who are just a few years from the correct test answer being “the Protestant work ethic”, “Manifest Destiny”, “to end the war with Japan”, etc., foolishly believe that the Western liberal democratic system is good, just, egalitarian and functioning at a high level. They fear that Trump is threatening all this shining goodness whereas half the country voted Trump expressly to stick it to “The Man” for His failures, lies and unpatriotic betrayals.

Compare the US youth class with their French peers: in 2017 20% of the country voted for a candidate (Jean-Luc Melenchon) whose campaign rested upon abolishing the 5th Republic – a good chunk of France clearly realises that Western liberal democracy (whose socio-intellectual-economic progress remains permanently frozen in 1916) is totally outdated and rigged in favour of the aristocratic/privileged class. If just 1.72% more of French voters had not been so indoctrinated against the idea of a new, modern 6th Republic then Melenchon would have faced Emmanuel Macron in the 2nd round instead of and France might not be the cynical, resentful, Yellow Vest mess it is today.

So France may have fallen short, but do 20% of US voters un-believe enough in the 18th-century US system to vote for a 2nd US Republic? Not hardly…. such a program would likely lead to jail for its proponents, certainly government surveillance and intimidation, and widespread social ostracisation. “The Man” is still stronger than omnipresent, if not ever-more omnipotent, in the US, and this certainly pre-dates Trump.

Of course, to the US MSM all the problems in the US today are attributable to Trump – a naive US youth class often swallows that stinking tripe whole.

“The Man” has turned the threat into the scapegoat. You have to admit: He is good at what he does….

Biden is ‘Da Man” to save us all from ‘The Man’ (i.e. Trump)?

At some point in the 1980s being called “The Man” become “(you) Da Man”, and being “Da Man” meant you were exceptional and superlative.

But how on earth can “Corporate” Joe Biden ever be “Da Man”? At best he is – essentially by his own admission – a placeholder, and at worst he is a senile train wreck which will force the Democratic Party to once again snatch defeat from the jaws of certain victory.

Corporate Joe Biden is without a doubt “The Man” infinitely more than Trump is. Trump is a lowlife slum lord with cubic zirconia plating and a trophy wife, whereas Biden has the scope and reach to gut the resources of Third World nations populated by scores of millions of people just to give his son a phony job.

A vote for Biden is a vote for the establishment, and that is so obvious that anyone who disagrees can only disagree by changing the subject away from the problems caused by “the establishment” and towards the problem of Trump the individual.

Here’s a rare barometer: one of the Secret Service agents who took a bullet for Ronald Reagan in 1981 just retired, and it got me wondering – who on earth would take a bullet to save Joe Biden? Absolutely nobody outside of the Secret Service – any common citizen would hesitate, due to Biden’s “The Man”-ness, and that’s all the time a bullet needs. Contrarily, some Americans would – I imagine – actually take a bullet for Trump, strange as that may seem to many. I know a ton of people will take a bullet for Khamenei, Ahmadinejad and Rouhani, and we can’t just chalk that up to religion – China’s Xi and Cuba’s Diaz-Canel are two guys who worked their way up the civil service ranks via their ability and character, gaining more and more faithful comrades along the way, and for sure the only people who think they are in league with “The Man” live in Hong Kong or Miami. The 25-year China-Iran partnership is not new, but it finally got taken seriously last week – may I please suggest reading my books on China and Iran to discover the basis of this match, and for discussion of the 25-year plan?

And yet the youth class bats their big eyes at Biden, pleads about the need to get out the vote, and dutifully repeats that Biden is the second Messiah to save us all from the anti-Christ… no way that they actually believe it, but they say it. In my opinion the majority of the US youth class views the establishment as a problem only in how they throw up road blocks against Blacks, non-heterosexuals and other minorities even though “The Man” is not all White. Didn’t Obama prove that emphatically? (With that crowd it’s, “To hell with poor Whites”, I guess. “How dare they be just White in 2020?!” A very progressive and egalitarian crowd, indeed….)

Bernie Sanders is, despite everyone’s wishes to the contrary, also “The Man” because he repeatedly does whatever the Democratic Party establishment wants no matter how bad it is for the average person. Bernie is no socialist – it can’t be said enough because he keeps lying about it – but what a very, very different July 2020 it would be if the US had him to look forward to in November instead of Biden? “The Man” won yet again there….

Undoubtedly Hillary Clinton was more “The Man” than either Biden or Obama, proving that “The Man” is not based around either race or gender but, again, class. (What do you want: “The Person”? That sounds totally unhip and would never catch on as slang – “The Person” would be totally ineffective class warfare propaganda.) Politics without “class” – “The Man” certainly did pull a fast one in the West there… thank God the whole world is not “the West”, even though many Westerners assume that it is.

The obfuscation of the class struggle makes “The Man” today a KKK member even though it’s not 1916 anymore, even though the KKK is powerless, and even though the KKK is not the group which has caused the government/bankocracy to abandon Black neighborhoods via disinvestment. It’s absurd beyond belief, outdated, economically-neutered, not even close to the biggest problem facing all citizens in July 2020, and also on the brink of failure: it depends on if Biden’s dementia hasn’t grown during the Great Lockdown’s isolation, as it has for so many US seniors, sadly. To get that answer we’ll have to wait until the debates – it’s a pretty bad system when the assumed future president can be hidden away for so long….

The failure to properly locate “The Man” isn’t confined to the youth class of the US, of course – but they are the only age group which has a decent excuse (inexperience and poor guides) for such a mistake. I’m humbly hoping to show them an alternative logic before they turn into the Trump Derangement Syndrome sufferers of the older age groups. Those people are long gone, sadly – many of them are “The Man” and they don’t even know it.

Pull the sheet off Biden and you’ll find an establishment creation down to the whiteness of his human bones. He’s “The Man” all right – will America’s youth get hip by November?

Of course, given Trump’s failure to deliver – where is hip?

*********************************

Corona contrarianism? How about some corona common sense? Here is my list of articles published regarding the corona crisis.

Capitalist-imperialist West stays home over corona – they grew a conscience? – March 22, 2020

Corona meds in every pot & a People’s QE: the Trumpian populism they hoped for? – March 23, 2020

A day’s diary from a US CEO during the Corona crisis (satire) March 23, 2020

– March 25, 2020

Tough times need vanguard parties – are ‘social media users’ the West’s? –

March 26, 2020

If Germany rejects Corona bonds they must quit the Eurozone – March 30,

2020

Landlord class: Waive or donate rent-profits now or fear the Cultural Revolution – March 31, 2020

Corona repeating 9/11 & Y2K hysterias? Both saw huge economic overreactions – April 1, 2020

(A Soviet?) Superman: Red Son – the new socialist film to watch on lockdown – April 2, 2020

Corona rewrites capitalist bust-chronology & proves: It’s the nation-state, stupid – April 3, 2020

Condensing the data leaves no doubt: Fear corona-economy more than the virus – April 5, 2020

‘We’re Going Wrong’: The West’s middling, middle-class corona response – April 10, 2020

Why does the UK have an ‘army’ of volunteers but the US has a shortage? – April 12, 2020

No buybacks allowed or dared? Then wave goodbye to Western stock market gains – April 13, 2020

Pity post-corona Millennials… if they don’t openly push socialism – April 14, 2020

No, the dollar will only strengthen post-corona, as usual: it’s a crisis, after all – April 16, 2020

Same 2008 QE playbook, but the Eurozone will kick off Western chaos not the US – April 18, 2020

We’re giving up our civil liberties. Fine, but to which type of state? – April 20,

2020

Coronavirus – Macron’s savior. A ‘united Europe’ – France’s murderer – April 22, 2020

Iran’s ‘resistance economy’: the post-corona wish of the West’s silent majority (1/2) – April 23, 2020

The same 12-year itch: Will banks loan down QE money this time? – April 26,

2020

The end of globalisation won’t be televised, despite the hopes of the Western 99% (2/2) – April 27, 2020

What would it take for proponents to say: ‘The Great Lockdown was wrong’? – April 28, 2020

ZeroHedge, a response to Mr. Littlejohn & the future of dollar dominance – April 30, 2020

Given Western history, is it the ‘Great Segregation’ and not the ‘Great Lockdown’? – May 2, 2020

The Western 1% colluded to start WWI – is the Great Lockdown also a conspiracy? – May 4, 2020

May 17: The date the Great Lockdown must end or Everything Bubble 2 pops – May 6, 2020

Reading Piketty: Does corona delay the Greens’ fake-leftist, sure-to-fail victory? – May 8, 2020

Picturing the media campaign needed to get the US back to work – May 11, 2020

Scarce jobs + revenue desperation = sure Western stagflation post-corona – May 13, 2020

France’s nurses march – are they now deplorable Michiganders to fake-leftists? – May 15, 2020

Why haven’t we called it ‘QE 5’ yet? And why we must call it ‘QE 2.1’ instead – May 16, 2020

‘Take your stinking paws off me, you damned, dirty public servant!’ That’s Orwell? – May 17, 2021

The Great Lockdown: The political apex of US single Moms & Western matriarchy? May 21, 2021

I was wrong on corona – by not pushing for a US Cultural Revolution immediately – May 25, 2021

August 1: when the unemployment runs out and a new era of US labor battles begin – May 28, 2021

Corona proving the loser of the Cold War was both the USSR & the USA – May 30, 2021

Rebellions across the US: Why worry? Just ask Dr. Fauci to tell us what to do – June 2, 2021

Protesting, corona-conscience, a good dole: the US is doing things it can’t & it’s chaos – June 3, 2021

Why do Westerners assume all African-Americans are leftists? – June 5, 2020

The US as Sal’s Pizzeria: When to ‘Do The Right Thing’ is looting – June 6, 2020

The problem with the various ‘Fiat is all the problem!’ (FIATP) crowds – June 9, 2020

Politicisation of Great Lockdown result of ‘TINA’ economic ignorance & censorship – June 14, 2020

Trump’s only hope: buying re-election with populist jobless benefits – June, 16 2020

US national media is useless – so tell me the good local news sources? – July 4, 2020

Hamilton movie: central banker worship & proof the US has no left – July 8, 2020

News flash: Capitalism has no answer for 50 million jobless people – July 11, 2020

Ramin Mazaheri is the chief correspondent in Paris for PressTV and has lived in France since 2009. He has been a daily newspaper reporter in the US, and has reported from Iran, Cuba, Egypt, Tunisia, South Korea and elsewhere. He is the author of the books I’ll Ruin Everything You Are: Ending Western Propaganda on Red China’ and the NEW Socialism’s Ignored Success: Iranian Islamic Socialism.

Is there any possibility of diffusing Sino-US tension?

Source

Is there any possibility of diffusing Sino-US tension?

July 14, 2020

by Zamir Awan for the Saker Blog

Sino-US tension is growing to a dangerous level, what will be the consequences? Who will suffer more? And who will be benefitted? Is there any simple solution? Is anyone willing to rectify things? What will be the role of the UN and International Community, in case of an armed conflict? What will be the future of the World? Etc. Many similar questions are rising in our minds. Hope the serious thinkers and intellectuals may come out with do-able recommendations to avert any big disaster to humanity.

The US was the leader of Western Style Democracy and opposing Communism since the end of World War II. That is why, the US was siding with the ruling party – Guo Ming Dang (Nationalist Party) of China before 1949. But the Communist Party of China (CPC) won the war and gained power in China. The US was opposing the newly established CPC government in China and did every possible thing to harm CPC and end communist rule in China. Either it was sanctions, economic blockade, isolation, media war, or any other form of coercion. But could not succeed.

A U-turn was witnessed in the US policy, from hostile to friendship, since 1971. “Ping-Pong Diplomacy” sign of warming relations between Washington and Beijing, China’s ping-pong team invites members of the U.S. team to China on April 6, 1971. Journalists accompanying the U.S. players are among the first Americans allowed to enter China since 1949. In July of 1971, Secretary of State Henry Kissinger makes a secret trip to China. Shortly thereafter, the United Nations recognizes the People’s Republic of China, endowing it with the permanent Security Council seat that had been held by the Chiang Kai-shek’s (Nationalist Party) Republic of China on Taiwan since 1945.

Followed by President Richard Nixon’s eight-days long visit to China in February 1972, during which he met Chairman Mao Zedong and signs the Shanghai Communiqué with Premier Zhou Enlai.

In 1979, a big development was seen, when U.S. President Jimmy Carter grants China full diplomatic recognition while acknowledging mainland China’s One China principle. Chinese Vice Premier Deng Xiaoping, who leads China through major economic reforms, visits the United States shortly thereafter.

However, President Regan’s era was not so friendly for Sino-US relations as his pro-Taiwan policies. Later President Reagan visited China in April 1984 and as an outcome of his visit, the U.S. government permitted Beijing to make purchases of U.S. Defense equipment.

The unfortunate incident of Tian-an-Men Square happened in 1989, created more complications. Chinese crackdown on dissents was also a negative impact on Sino-US relations. The Pro-Independence President Lee Lee Teng-hui in Taiwan also affected the relations adversely. Mistakenly bombing of the Chinese Embassy in Belgrade in 1999, also set-back in bilateral relation.

Since 2000, the trade was dominating Sin-US relations. President Bill Clinton signed a trade agreement with China, which boosted the trade between two nations from US Dollars 5 Billion to US Dollars 231 Billion. China officially joined WTO in 2001, open avenues of more trade, investment, and cooperation on the economic front. It facilitated the rapid development of China and China surpassed the German Economy in 2006, while the trouble started in 2010, when China became a second-largest economy after surpassing the Japanese economy. It has alerted US policymakers and there was a strong fear that China might surpass the American Economy in 2027.

The sharp rise of the Trade deficit in Chinese favor worried the policymakers in the US. President Barak Obama took few measures to address the trade imbalance but was more polite and soft. However, since President Donald Trump, became President in 2016, a visible change was seen in the US toward Sino-US relations. President Trump initiated Trade war and imposed heavy tariffs on Chinese products, banned Huawei Chinese telecommunication giant, etc. The outbreak of COVID-19 has a catalyst in creating tension to its current height. Where the US is the worst-hit country, with the highest number of infections and the highest death toll in the world.

I was educated in China, and have served in China as Diplomat, I have lived in China for 13 years, but having interaction with China for almost 4 decades. I know the Chinese language, culture, politics, and enjoys deep penetration into Chinese society. Based on my personal assessment, China was never competing in the US or challenging the hegemony of the US as a superpower. Common people in China used to praise America and almost every Chinese especially the youth have a dream to travel to America. The common man loves America and dream to visit or live in America. The number of Chinese traveling to America are out-numbered and kept on increasing gradually. Similarly, a huge number of Americans are living or traveling into China for business, jobs, or study purposes. China was the most favorite destination for Americans for traveling, hunting jobs, business, etc. In a matter of fact, the law and order situation in China was excellent, the job market was huge, business opportunities were unlimited, which were the major reasons to attract Americans. This was vice-versa, Chinese people love to study in America, Tourism in America, Business in America, even migrate or settle down in America. There were no symptoms of anti-America sentiments in China.

China is a very old civilization and has been passing through several ups and downs in history. But in the last two centuries, China has been the victim of the Western world and its aggressive policies and colonization. The Suffering of Chinese during the last two centuries has taught bitter lessons and China has become a mature nation. The Centries old wisdom and bitter lesson of two centuries made China, humble, submissive, hard-working, and united. Even more wise!

China tried its best to avoid confrontation with the US, either it was an economic war, or sanctions, or direct threat, but China acted with maximum constraint and patience. Most of the time, China ignored the American rough attitude and overlooked American behavior. Americans used impolite and non-diplomatic language, but China did not lose temper and never issued any statement below standard. Chinese lenient attitude should not be considered its weakness but should be appreciated as its maturity, responsibility, and greatness.

In fact, It was aligned with the Chinese philosophy of peace, stability, and development. China wanted to improve its economy, eradicate poverty, improve its health care system, improve its technology, modernize its Industry, and defense. China invested heavily in its education sector, the S&T sector, and wanted to focus on Innovation and Hi-tech, which any other country can desire too. China has set its own goals, like zero poverty, etc, and was religiously moving ahead to achieve its goals. There were no visible political objectives in Chinese society, and there was no intention to counter America or replace America. China was not ready for any conflict with America or with any other country. Contrarily, China was ignoring its genuine disputes with others and was focusing only on its own development. In 2017, there was a serious stand-off with India at Doklam, but China compromised and resolved amicably. China has disputes withy many other countries, but was never willing to flare-up or use force to resolve its disputes. Taiwan is a good example, where China can invade conveniently and no one can resist China, but the Chinese opted for peaceful reunification and working hard in this direction – one country two systems. China has the capability to crush the demonstrations in Hong Kong by force, yet, China observes a lot of constraints, patience, and giving unlimited space to the demonstrators to settle down.

It is visible that the US is opting for an aggressive, threatening, and coercive attitude toward China. The US is re-aligning its allies to punish China. Definitely, China will try its best to avert any misadventure, however, if a war is imposed, China deserves the right to self-defense and retaliate reciprocate. This might lead the world to a much bigger disaster. Who ill suffer? It is humankind, irrespective of American or Chinese, irrespective of Christians, Muslims, Jews, atheists, or any other religion, irrespective of race, color, or ethnicity, it is human lives at stake. Can we think at this level, respect human lives, human lives are the most precious thing in this unive5rsrse, all lives matter.

I am sure, many of my readers might differ from my views, but hopefully, it will open debate for policymakers and decision-makers. The scholars, intellectuals, think tanks, and individuals with human consciousness may come up with some kind of recommendations or solutions to avert any big disaster. Please do educate me!


.Author: Prof. Engr. Zamir Ahmed Awan, Sinologist (ex-Diplomat), Editor, Analyst, Non-Resident Fellow of CCG (Center for China and Globalization), National University of Sciences and Technology (NUST), Islamabad, Pakistan.

German Government Bails Out Owners of German Corporations

German Government Bails Out Owners of German Corporations

May 06, 2020

by Eric Zeusse for the Saker Blog

Just as the corrupt U.S. Government is bailing out owners of U.S. corporations while the American public experiences a recession that is heading into a depression, the corrupt German Government likewise is bailing out investors. It’s not illegal for the Government to do that — not even when the corporation that they might bail out next is the nation’s flag-carrying airline, which already receives unfair advantages in competing against other airlines in that country.

The German Government has offered to bail out even the wealthy investors who control the already governmentally favored but privately investor-owned airline Lufthansa, but those super-rich investors demand that it be an unconditional bailout, and negotiations are continuing. On May 5th, the “Flight Global” site bannered “Lufthansa reluctant to accept state aid with conditions attached”, and reported that “Lufthansa Group is holding ‘intensive talks’ with governments in Germany, Austria and Belgium about the provision of state aid.”

The very idea that the general public, the nation’s taxpayers, should ever absorb any losses of any private stock-investors, constitutes the very essence of “socialism for the rich, and capitalism for everybody else.” That is the essential core of fascism, or as Benito Mussolini sometimes called his economic and political system, “corporationism” (control of the government by the owners of corporations), but it is antithetical to any democracy, which is ruled only by its public, not by only the richest of them, who, in any country, own almost all of the corporate stock.

Any corporation that (like Lufthansa is now doing) threatens the government with going out of business or otherwise laying off employees en-masse during what has become a general financial collapse, should instead be promptly and automatically nationalized — taken over completely, at its then-prevailing stock-value — and the stock in it subsequently become sold by the government after the crisis is over, but, at first, then, made available only to its employees (and with low-interest loans being made available to them by the government, in order to enable any and all of them to participate in owning the corporation that employs them), and only subsequently made available to the general public, as a mere investment-gamble.

The only justification for anyone’s owning corporate stock, ever, is that the stockholders agree to take on all of the financial risk that the corporation’s bondholders have not taken on. (Bondholders get paid interest before stockholders get paid dividends.) If, instead, the general public, including all of the taxpayers, are taking on this financial risk, then it is only fair that the public (as represented by the government) will also be appointing, during the economic crisis, all of the corporation’s directors: the corporation will be promptly nationalized. After the economic emergency is over, the corporation will then be re-privatized, first to its employees, and then to the public. No corporation ever should be bailed-out by the government, on any other terms than to nationalize it, on this temporary basis. Either a corporation’s stockholders will fulfill the function that stockholders are supposed to fulfill (as being a sump for the corporation’s financial losses), or else their corporation will be promptly but temporarily nationalized, on this basis. Then, the stockholders will get paid fair market value for their stock, which is far more than they will receive if the corporation simply goes bankrupt — declares itself unable to fulfill its contractual obligations to its bondholders.

That is the way things would function in any democracy.

On April 9th, the Zero Hedge financial site explained in detail why even bailing out the airlines would hurt the economy more than help the economy. It quoted an extraordinarily honest investor, Chalmath Palihaptiya,

“This is a lie that’s been propagated by Wall Street. When a company fails, it does not fire its employees…it goes through a packaged bankruptcy…if anything, what happens is the employees end up owning more of the company. The people who get wiped out are the people who own the unsecured debt and the equity…but the employees don’t get wiped out and the pensions don’t get wiped out.”

[…]

“And if a bunch of hedge funds get wiped out — what’s the big deal? Let them fail. So they don’t get the summer in the Hamptons — who cares.”

But do we have a democracy?

Bailing out the public (workers and consumers) so that they can afford to continue living — and buying, and working — is the right thing to do in an economic crash, but not bailing out investors. What do investors get their incomes from? It’s not from their work, it’s only from the investment risks that they take on, the financial risks that they have agreed to accept. If the government transfers any of those risks onto the public, then the government must nationalize the corporation, because the ONLY value that investors provide in the economy is as a sump for financial risks. That’s it, and that’s all.

Any nation which transfers any of those risks onto the public is criminal — it is taking from the poor and middle class in order to keep the rich rich. It is retroactively dictating to the public: Here is now the deal: heads the investors win, tails you the public lose. That wasn’t supposed to have been the deal. If it retroactively becomes the deal when investors overall are losing money instead of making money, then the government is simply crooked; it is just a bunch of con-artists.

Apparently, the German Government (like many others) is corrupt — it’s transferring risks off of investors and onto consumers and workers. That’s Robin Hood in reverse — exactly the type of situation that governments are supposed to outlaw, and to label as being “theft.” Is it not “theft” when the richest do it? It is transferring onto workers and consumers the ONLY value-added, the only real service, that investors are supposed to be supplying, which is their serving as a sump for risks. If any of that risk-burden is removed from investors and transferred onto the public, then all of their property should automatically become property of the state. No decent government bails out investors — ever. Only criminal ones do, such as the U.S. Government.

If a government legalizes what is authentically (one might even say “in natural law”) criminal to do — such as to take from workers and consumers and give that to investors (and this is what is now commonly but deceptively called ‘democracy’) — then the ultimate criminal has become the state itself, and a revolution is needed. That’s practically the definition of what a revolution is for. Things are that bad in the United States, but in how many other countries is it likewise the case?

Perhaps we are about to find out.

—————

Investigative historian Eric Zuesse is the author, most recently, of  They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

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