Showing posts with label nationalising debt. Show all posts
Showing posts with label nationalising debt. Show all posts

Sunday 16 September 2018

Robbery With Violence.

 
     My few days escape was extremely pleasant, and it took the mind, momentarily, away from the manufactured, yet inevitable turmoil, inequality and horror of the capitalist system, even although it was still all around me. However, no matter where you hide you head, that capitalist nightmare is still there, biting at your backside. 
      Ten years since the so called "financial crisis", a euphemism for the gamblers vast loses, a period that seen the financial mafia demand that the various states reimburse them with what they had lost in their gambling frenzy. The public would have to pay for their greed driven gambling disaster. The plundering of the public purse would be politely know as "austerity". Ten years on and the gamblers are richer than ever, and the ordinary people are poorer than ever, and the mountain of debt that the financial Mafia ran up and was responsible for their plight, is now greater than ever. Considering the damage and misery inflicted on the ordinary people by this deliberate action, it is in fact robbery with violence.
     The financial Mafia is now merrily repeating its greed driven gambling frenzy, but with larger sums, while we the ordinary people continue our downward slide, thanks to the mountain of debt heaped on us by the mobsters of the financial world. So it is inevitable that another "financial crisis" is thundering along towards us. Do we accept a repeat of the last "solution", once again pile the debt into the public purse, while emptying the public coffers to reimburse the gamblers? Surely not, we must have learnt something from the last ten years.


      An extract from another interesting article from Roar Magazine by Jerome Roos.
      With inequality on the rise, global debt higher than ever and international tensions intensifying, the political backlash to the crash of 2008 has only just begun.
And:

       ------This new radical politics first showed its face in the global uprisings that rocked the established order from 2011 onwards. It has recently begun to consolidate itself in the form of vibrant grassroots movements, progressive political formations and explicitly socialist candidacies that collectively seek to challenge the untrammeled power and privileges of the “1 percent” from below.
        Even in the midst of the Syrian civil war, the bloodiest and most intractable conflict to have emerged in the shadow of the Great Recession, in a region so often deprived of hope for a better future, the struggle for democratic autonomy by the Kurds and their allies has demonstrated the concrete possibilities of a revolutionary political project in these tumultuous times.
      At this point, it is still far too early to tell whether this emerging anti-capitalist politics of the twenty-first century will be able to succeed in the face of a powerful nationalist backlash. But if the dramatic events since 2016 are anything to go by, the political fallout of the global financial crisis is only just getting started. The real confrontation, it seems, is yet to come.-------
It is well worth reading the full article HERE:


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