The Wasteland of Austerity

Austerity, the ECB, bail outs, all of these are symptoms of an anti-civilisation agenda. Its about money, its about corporations, its about profit. Its anti-people, anti-progress, anti-civilisation. The ruling agenda is all about self at the ultimate expense of everyone else. It is the Tory end-game, the Thatcher endgame. It is way beyond Maggie’s wet dream. It is using the collapse of the industrial age to make massive profits for the few, to plunge the rest into hardship, to roll back a century and a half of reforms, to seize the assets of the world whilst they are vulnerable.

Globalisation is not bringing global prosperity, it is creating a chase game for the cheapest semi-developed production economy, abandoning those which get more developed in the chase to the bottom. China’s dominance is due to its fascist political structure (its hardly Communist now!), where the state holds down wages, provides incentives, and swallows up income to invest in raw materials overseas. Without this, China would be abandoned for even cheaper producers, but their leadership is canny, knows that by keeping the global production base it keeps its income, and that by state control it can win an international capitalist game.

Whilst global trade collapses into state monopolies, modern day carpet baggers move in to sweep up the remnants of the old system. State enterprises are sold off to the private sector, national industries are sold to overseas companies, which in turn sell shares to the nouveau rich, the Russians, the Chinese, the Arabs.

What is left behind is a wasteland of austerity.

 

Winds of Change
29th June 2015