Being aware that the majority of the scientific community and the public opinion see behind the current global economic crisis the existence of an elaborated plan, which aims at the accumulation of wealth into the hands of few oligarchs and the return to medieval working conditions, this article will clearly support the opposite: that – considering the choices of global capitalists and their facade, the banking system – there is neither nationally nor internationally a “Directoire” of capital, nor a universal long-term plan with specific goals behind the implemented policies. On the contrary, a “wait and see” tactic prevails together with the logic of “every man for himself”.
By general consensus, the system is totally blocked while political leaderships seem incapable not only of reacting but even of understanding the problem, which is apparent from the fact that there is not a common approach, not only among the EU member-states, but also among ECB, the European Commission and IMF.
Transferring to the people the cost for the banks’ bailout, after they had opportunistically undertaken high risks (e.g. the German banks’ loans account for just 1% of their own resources, while the 99% is plastic money) is preposterous and harms not only those citizens that have always been harmed (workers, farmers, women, young people, immigrants e.tc.) but also those that thought they were untouchable, like the self-employed, the merchants, the small, medium and in some cases – especially in production fields – even big business men. Thus, since public deficit actually is private surplus, the economy’s key problem is not deficit itself, but its overall weakness to produce enough income in order to cover the deficit. Nowadays, we don’t just lack in new income production, but on the contrary we are facing the confiscation of the existing or even past (e.g. through successive taxation that exhausts savings) and future income. Moreover, the sellout of public property makes the implementation of any social and development policies impossible, even in the long run.
Given how worthless the civil personnel and the ruling elite are worldwide, their intellectuals and older generation politicians try to sound the alarm for their sake, by suggesting a completely different policy than what Europe is carrying out, a policy that is nothing else than a modern “new deal”, a contemporary form of Keynesianism.
However, all these suggestions intend to “correct” or rationalize capitalism, which in its current form leads humanity to barbarism, while at the same time subverts its own future. Whether they’ll be put in action, giving the system a new lease of life, is to be seen. The only thing certain is that it is impossible to find a solution for global economic problems within the economic cycle.
The argument concerning the absence of a “Directoire” of capital and the lack of a universal long-term plan with specific goals, is primarily based upon the following thoughts:
It is very doubtful whether an economic shift towards “growth policies” – as it is suggested now by some of the intellectuals of the upper class – would help solve the debt crisis, since such “growth” was previously based on and financed by a sort of “casino” economy that is now drowning. It would require not just a shift towards “growth” in general, but a completely different kind of growth, focusing on the primary and secondary sector, as well as on research and society’s real needs and not overproduction and over-consumerism.
However, the high priests of neoliberalism who govern and lead the international organizations cannot carry out such policies. In that sense, the solution can only be political.
It is still unknown whether capital and the predominant class will wage a war or establish dictatorships as a way out of the present situation, or whether societies will give the solution by a radical change of the social system.
Nevertheless, the awareness on behalf of the people that the enemy is not invincible and has reached a deadlock, could prove of significant importance for the internationalization and the massification of the movement, for its enrichment with new tactics and for its shift towards more ambitious goals than just the regaining of what is lost during the past three years.
There is a word that burns everybody’s tongue and nobody dares to come out with it. A word that shows the way and is neither “rupture”, nor “overthrow”, nor “uprising”. It is simply revolution.
Writer: Ian Delta, Translators: annitagrn, NA, Michael Theodosiadis, AdTA
The article in greek
«Είναι αδύνατο να υπερασπιστείς τον εαυτό σου όταν δεν υπάρχει καλή θέληση»
Franz Kafka «Αμερική»