It's amazing how the fascist Troika stepped in, in 2011 with a
cure to sort out Italy's debt and economic woes. It swept aside the
elected government, installed a technocrat, “economic expert”
Mario Monti, to rule according to their dictates. Severe debt
reduction “austerity measures“, large lay-offs, wage freeze/cuts,
the usual savage attack on the living conditions of the ordinary
people, pushing Italy towards that corporate dream of a sweatshop
economy. Now here we are in 2013 and according that other bunch of
“economic experts”, the Organisation for Economic Cooperation and
Development, Italy is now in a worse state than when the fascist
Troika stepped in, in 2011. When Magic Monti stepped in Italy's debt
was 120.8% of GDP, with the expertise of the Troika at the helm, it
is expected to reach 131.5 for 2013 and up again to 134.2 for 2014.
So many “experts” getting it so wrong, all that has happened is
that the public purse has been plundered, slashing living conditions,
and the coffers of the financial mafia have been enhanced. This
rising debt is another excuse to introduce even more severe
“austerity measures”, slash public spending and raise taxes. Of
course to you and I, that looks like a failure, but to the corporate
world, everything is going fine. Another country in Europe is going
the road of Greece, heading for deprivation, fertile ground for a
sweatshop economy, to rival those similar conditions else where in
the world. To corporate Europe, the only way to compete with Eastern
sweatshops is to slash wages and conditions here in Europe, and they
are well on the way, with Greece, Spain, Portugal. Ireland, Cyprus
and Italy all on the rapid conveyor belt to deprivation, with other
countries gaining momentum in the same direction.
How far they will get with their profit crazed dream, will depend
on you and I. Do we struggle to get them to slightly modify their desire for our deprivation, asking for a little bit better deal for us?
Or do we realise that it is impossible to have “compassionate
capitalism” and start to dismantle this exploitative greed driven
system and create an economic system based on the needs of all our
people? We have the resources, we have the numbers, we have the
ability and imagination, I know we have the desire, all we are
lacking is the will to start.
