I'm callin' Shock Doctrine
I don't see anyone commenting on this, so I'm jumping in. Today's NYT headline is "Markets rally as Italy and Greece move on Austerity".
What does this mean in oldspeak? It means that more money will be transferred to the top, and those down below (the 99%??) will get austerity. There is no acknowledgement whatsoever of the human suffering that this will entail, only the sound of "the markets" applauding. They have won once again. Its all about privatizing and getting their debts written off. The markets are relieved that two "technocrats" (whatever the hell that is supposed to be. Is it different then a bureaucrat? Is it different then an empty suit, or a corporate shill? Not sure on that one) have somehow been installed as the leaders of Greece and Italy. One economist even went so far as to state that they had "a mandate, granted not a democratic one.." Kind of let the cat out of the bag with that one I'm afraid.
And all of thisupon the backdrop of debt crisis and "the brink of chaos." So as Naomi pointed out, this, my friends, is how its done. Under cover of a crisis of unimaginable gravity, the wealth grab whatever they can. The NYT notes that, in Greece, Mr. Papedamos, Technocrat, will be involved in "laying off tens of thousands of public workers, cutting pensions and privatizing state properties". This is all apparently good news for wall street. Why? Because they can make more money today.
Now the only glitch could be if the people (remember the 99%) just don't roll over this time the way we have for the last century or so. Tens of Thousands more suddenly unemployed?? With no social safety net? And why exactly? Who is exactly having a debt crisis? Who lent money to whom, and what would happen if they don't get paid back. That would be the great tragedy that must not be named. The banks would take a loss. And that, my precious, must never happen.
What does this mean in oldspeak? It means that more money will be transferred to the top, and those down below (the 99%??) will get austerity. There is no acknowledgement whatsoever of the human suffering that this will entail, only the sound of "the markets" applauding. They have won once again. Its all about privatizing and getting their debts written off. The markets are relieved that two "technocrats" (whatever the hell that is supposed to be. Is it different then a bureaucrat? Is it different then an empty suit, or a corporate shill? Not sure on that one) have somehow been installed as the leaders of Greece and Italy. One economist even went so far as to state that they had "a mandate, granted not a democratic one.." Kind of let the cat out of the bag with that one I'm afraid.
And all of thisupon the backdrop of debt crisis and "the brink of chaos." So as Naomi pointed out, this, my friends, is how its done. Under cover of a crisis of unimaginable gravity, the wealth grab whatever they can. The NYT notes that, in Greece, Mr. Papedamos, Technocrat, will be involved in "laying off tens of thousands of public workers, cutting pensions and privatizing state properties". This is all apparently good news for wall street. Why? Because they can make more money today.
Now the only glitch could be if the people (remember the 99%) just don't roll over this time the way we have for the last century or so. Tens of Thousands more suddenly unemployed?? With no social safety net? And why exactly? Who is exactly having a debt crisis? Who lent money to whom, and what would happen if they don't get paid back. That would be the great tragedy that must not be named. The banks would take a loss. And that, my precious, must never happen.
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