While we struggle with the cost of capitalist greed, re-named, "cost of living crisis" have trouble paying bills, getting sufficient decent food to the table and can't afford to cook some of the food we buy, our lords and masters tasked, by default, with looking after our welfare, keep telling us to hold our nerve and other hypocritical platitudes, there's pie in the sky- - - - SOON! Our government can still find millions to prolong the war in Ukraine by supporting a dictator. Yes Zelensky with his motley crew is a dictator. There will be no Presidential elections until the end of the war, he has banned opposition political parties, arrested political opponents, banned all unfriendly media, and he shut down Orthodox churches, so what else can you call him.
It seems that this is standard behaviour for the capitalist system, whether it is at home or abroad. Here at home our poverty is created and managed by the political ballerinas who follow the dictate of the higher echelons of the capitalist system, IMF (International Mankind Fuckers), World Bank (Wayward Bandits) and others of that ilk, we have no say in that, a dictatorship?.
It seems that this is standard behaviour for the capitalist system, whether it is at home or abroad. Here at home our poverty is created and managed by the political ballerinas who follow the dictate of the higher echelons of the capitalist system, IMF (International Mankind Fuckers), World Bank (Wayward Bandits) and others of that ilk, we have no say in that, a dictatorship?.
According to the latest research by the National Institute of Economic and Social Research (NIESR). UK households are about to be savaged by yet another capitalist manoeuvre as a result of the Bank Rate rising to 5 per cent, by the end of 2023 more than a million households (4 per cent of all UK households) will run out of savings because of higher mortgage repayments, taking the total proportion of insolvent households to nearly 30 per cent (around 7.8 million),
The IMF does not only tie Western countries to its debt ridden policies, It traps any developing country in its debt web and demands control of how that country will manage its affairs, never to the advantage of the recipient country.
In the early months of the pandemic in 2020, the IMF offered to open up new windows for borrowing that they said would come without conditionalities. The G20 Debt Service Suspension Initiative and other such offers to pause debt payments suggested that the poorer nations would receive assistance to prevent total economic collapse and to gain access to vaccines. However, Oxfam found that thirteen of the fifteen IMF loan programmes during the second year of the pandemic (2021) required ‘new austerity measures such as taxes on food and fuel or spending cuts that could put vital public services at risk’. The Commitment to Reducing Inequality Index reveals that fourteen out of the sixteen countries in West Africa planned to cut their budgets by a total of $26.8 billion in 2021 to contain haemorrhaging national debt crises and that these policies have been encouraged by the IMF’s COVID-19 loans.
The evidence is clear: the IMF not only engineers austerity-driven debt crises, but its policies are designed to ensure and manage a permanent debt crisis, not to erase debt.
Does it have to be this way, are we so dumb we can't think of a fairer system on which to build our society. Are we condemned to give our children and grandchildren an ever increasing debt laden country and an ever decreasing standard of living? That's what the present capitalist economics of insanity are constructing for our future generations. Only us the ordinary people can change this, don't expect those who gain so many privileges so much wealth and power from the present insanity to ever dream of changing to a fairer system.
