Skip to main content

The private 'investors' as the only option for recovery: another fairy tale by the neoliberal establishment

by system failure

The Greek experiment is already going through its seventh year with the economy completely ruined and no recovery to be seen in the horizon.

Apart from the complete failure of the neoliberal policies imposed on Greece by the Troika of destruction (ECB, IMF, Commission), it is interesting to examine how the neoliberal narratives affect the public opinion and how they becoming part of the rational thought of the societies (in our case the Greek society), mainly through the mainstream media brainwash.

One of the central cliches of the neoliberal mouthpieces in Greece and abroad concerns the necessity of private 'investors' for the recovery of the economy. The private mainstream media and the political establishment managed to persuade the average citizen (not only in Greece), that Greece needs 'political stability' in order to attract 'investments' and therefore thousands new jobs.

The reality of course is completely different. The most powerful lobbies of bankers and private 'investors' inside Greece and abroad, have actually dictated the catastrophic memorandums adopted by the Greek governments during the crisis. The Troika is only their vehicle for this purpose. In real life, the various so-called 'investors' do not care about a healthy economy, or stability. They do not care, of course, to help a national economy to recover. All they care is to make money as much fast and easy as possible. A ruined economy is a great opportunity for such a purpose because they will grab public property almost free.

Furthermore, the memorandums of catastrophe signed by Greece dictate the complete elimination of the labor rights, the radical tax-cuts (but only for big businesses), the sell-off of public property, the destruction of the welfare state. What the neoliberal carriers call 'reforms'. In other words: more profits for the private 'investors', more destruction for the rest.

So, when the neoliberal mouthpieces talk about 'reforms' they mean all the above. When they talk about 'stability' they mean a government 'friendly' to the 'investors', ready to sell-off the whole country to them. That's why the Troika wants to replace Alexis Tsipras with Kyriakos Mitsotakis, the purely neoliberal head of New Democracy, the opposition party that belongs to the European Popular Right of Merkel and Schäuble.

For now, Troika controls Tsipras and his administration. It forced him to sign a new memorandum according to the schedule, even through a financial coup. Yet, there are some things that the 'investors' who control Troika, don't like about Tsipras. For example, the fact that he makes some moves to open the case of previous big scandals related to the previous political establishment in which Mitsotakis belongs. 'Investors' don't like that. They want corrupted governments like the ones before SYRIZA that can buy easily through bribes.

There is one more thing that the 'investors' don't like about SYRIZA and Tsipras: they still believe that they can restart the economy through public investments. Of course, Draghi will never allow the QE to open for Greece with Tsipras administration in power because of this 'danger'. If the Greek government be allowed to breathe through a QE package or other EU resources that will help the economy to recover through public investments, it will be the end of the neoliberal experiment and a great defeat for the lobbyists. Other countries who suffer from violent austerity and memorandums would like to follow the example of Greece instead of waiting for the 'holy' investors to come and save them.

And this is another reason for which Greece is kept imprisoned inside the sado-monetarist euro prison. With a national currency and a central bank publicly controlled, Greece wouldn't have to worry about another ECB financial coup that would threaten the economy with a sudden total destruction. The country could direct the money to public investments that could restart the Greek economy.

An example of how public investments helped a country to recover after a major financial crisis can be found in the United States of 1930s. Back in 1933, when Franklin Delano Roosevelt (FDR) got elected, he had to face the attack of the corporate establishment, which was trying to fight his initiatives to put the state in the front line for the restart of the US economy. Public relations was something new. Edward Bernays had admitted after decades that he was searching at that time for a "smoothest" term instead of "propaganda", to use it in favor of big corporations to sell their products, at times of peace. Corporations used public relations to present the private sector as a far better force than the state, towards the wealth and prosperity. In reality, they were only afraid that would lose significant profits from various programs, taken over by the state to create jobs.

FDR was aware of this type of propaganda by the corporate establishment and the associated political elite. A quote from a Roosevelt's speech is characteristic: “A few timid people, who fear progress, will try to give you new and strange names for what we are doing. Sometimes they will call it 'Fascism,' sometimes 'Communism,' sometimes 'Regimentation,' sometimes 'Socialism.' But, in so doing, they are trying to make very complex and theoretical something that is really very simple and very practical.

Despite its imperfections, Roosevelt's "New Deal" created millions of new jobs and new infrastructure for the benefit of all American citizens, boosted some sectors such as agriculture, strengthened social security and boosted the economy in general. The response of Roosevelt, "of course we spend money", to his opponents, captures the perception of his government, giving importance to the prosperity and relief of people and not to the strict austerity for the sake of economic indexes. Indeed, while in 1933 the national debt was 20% of GDP, by 1936 this figure almost doubled, but what mattered for Roosevelt was to relieve American citizens and give them hope and perspective.

The same narratives are used today in Greece by the banking-media establishment. Anyone who dares to speak about public investments, instantly demonized as 'old-fashioned' or even 'Communist'. The big irony in the Greek case is that austerity didn't manage to reduce debt. On the contrary, the debt reached 180% of GDP compared to 120% of GDP at the beginning of the crisis.

The tragic irony is that, despite the total failure, the neoliberal establishment managed to brainwash the majority of the public concerning private 'investments'. In the mind of the average Greek, private 'investments' is the only way through which the economy could recover. This perception is deeply embedded in his rational thought. In this way, this brutal system continues to destroy the middle class under its consent. The middle class vainly waits for the private 'investors' to come and offer real solution. It won't happen. At the best-case scenario, they will offer very few jobs under slavery conditions ...

Comments

Popular posts from this blog

WikiLeaks paper reveals US empire was becoming anxious about Venezuela adopting euro and directing exports to China

The WIKILEAKS Public Library of US Diplomacy (PlusD)holds the world's largest searchable collection of United States confidential, or formerly confidential, diplomatic communications. As of April 8, 2013 it holds 2 million records comprising approximately 1 billion words. The collection covers US involvements in, and diplomatic or intelligence reporting on, every country on earth. It is the single most significant body of geopolitical material ever published. The PlusD collection, built and curated by WikiLeaks, is updated from a variety of sources, including leaks, documents released under the Freedom of Information Act (FOIA) and documents released by the US State Department systematic declassification review.
globinfo freexchange
A cable from March, 2008 was highlighting US concerns about the fact that the Venezuelan state oil company, PDVSA, was about to adopt euro currency for some, or even all of its oil sales.
It appears that the cable source was the US embassy in Caracas and…

Russiagate collapse shows CIA black propaganda loops are obsolete and ineffective

globinfo freexchange
In his documentary The Power Of Nightmares, Adam Curtis presents the case of William Casey, head of the CIA under Reagan administration.
As has been described previously, to persuade the President, the neoconservatives set out to prove that the Soviet threat was far greater than anyone. They would demonstrate that the majority of terrorism and revolutionary movements around the world, were actually part of a secret network, coordinated by Moscow to take over the world.
The main proponent of this theory was a leading neoconservative who was the special adviser to the Secretary of State. His name was Michael Ledeen and he had been influenced by a best-selling book called "The Terror Network". It alleged that terrorism was not the fragmented phenomenon that it appeared to be. In reality, all terrorist groups, from the PLO to the Baader-Meinhof Group in Germany and the provisional IRA, all of them, were a part of coordinated strategy of terror run by the Soviet…

Arrest of Julian Assange: the last remaining leaf of the fascist neoliberal regime drops - we are now at war

globinfo freexchange
What other proof would you need to convince yourself that we already live under a global-scale fascist regime whose headquarters are located in the US evil empire?
This is a war against real journalism. It is a direct threat against all the independent media with real journalists who expose the war crimes of the empire and its allies. After this, expect an ongoing, brutal hunt against every real journalist who will attempt to report the truth, contrary the corporate PR parrots of the mainstream media - the golden operatives of the establishment, who faithfully stick to the script.
The utter joke of 'anti-establishment' Donald Trump collapsed from his first day in the US presidency, but now, its repulsive ugliness has been revealed gloriously. While Donnie was actually praising WikiLeaks before his election, he now said that "I know nothing about Wikileaks. It's not my thing".

"I know nothing about Wikileaks. It's not my thing" says …

A message for the worst liberal establishment ever: don't you dare harm Julian Assange

by system failure
The neoliberal clowns of the Western mainstream media increasingly shed crocodile tears about what they consider 'fake news' and the rise of the far right.
The hypocrisy and absurdity of the whole thing will make you laugh loud. Because these are the PR agents of the corporations behind the mainstream media who brought us Trump and the far right.
These are the cheerleaders of endless wars, and in fact, the only time they supported Trump was when he bombed Syria.
This is the ugly face of the establishment that pretends to be the gatekeeper of 'real news', while everyone else is 'fake news'. It doesn't matter if they work 24 hours a day to brainwash you with BS neoliberal and pro-war propaganda. You know, just to maintain this awful status in favor of their super-wealthy bosses.
It's not new. They did it for decades and it worked. People back then were like blind rats whose sole information was coming from the mainstream media. There were n…

The ruthless neo-colonialists of 21st century

by system failure
The start of current decade revealed the most ruthless face of a global neo-colonialism. From Syria and Libya to Europe and Latin America, the old colonial powers of the West tried to rebound against an oncoming rival bloc led by Russia and China, which starts to threaten their global domination.
Inside a multi-polar, complex terrain of geopolitical games, the big players start to abandon the old-fashioned, inefficient direct wars. They use today other, various methods like brutal proxy wars, economic wars, financial and constitutional coups, provocative operations, 'color revolutions', etc. In this highly complex and unstable situation, when even traditional allies turn against each other as the global balances change rapidly, the forces unleashed are absolutely destructive. Inevitably, the results are more than evident.
Proxy Wars - Syria/Libya
After the US invasion in Iraq, the gates of hell had opened in the Middle East. Obama continued the Bush legacy of US …

Bernie Sanders has just put the Wall Street/corporate lobbyists and their DNC proxies into panic mode - expect an all-out war

globinfo freexchange
Bernie Sanders campaign announced something extraordinary for the US political standards. It has raised $18.2 million from just under 900,000 individual donations since launching 41 days ago!
As commondreamsreported:
Bernie Sanders' presidential campaign announced Tuesday that it raised $18.2 million from just under 900,000 individual donations since launching 41 days ago.
Sanders' first quarter haul tops all other 2020 Democratic candidates who have reported their fundraising totals. Sen. Kamala Harris (D-Calif.) raised $12 million in the first quarter, and South Bend, Indiana, Mayor Pete Buttigieg raised $7 million.
Faiz Shakir, Sanders' campaign manager, said during a press call that 88 percent of the donations were $200 or less, and the average donation was $20.
The profession with the most donors to Sanders' campaign was teachers, according to Shakir.
In total, 525,000 individuals donated to Sanders' campaig…

Tulsi Gabbard bravely defends Julian Assange on a US deep state platform

Here is another proof that she, or Jill Stein, should be the next US president if we want to escape from the fascist neocon/neoliberal regime - sorry Bernie, but your silence is very disturbing
globinfo freexchange
Many progressives feel extremely disappointed for the fact that the only 2020 Democrat progressive candidate who clearly defended one of the few remaining real journalists against the neocon/neoliberal fascist regime, is Tulsi Gabbard.
We still hope that Bernie Sanders will eventually take a clear position in favor of Julian Assange.
Nevertheless, in dark times like the one we are experiencing, things become more clear. We can see who is the one that will defend bravely the interests of the people against the totalitarian complex of Wall Street, corporate cabal and US deep state.
Tulsi Gabbard, and of course Jill Stein, are the best options right now for the 2020 US presidency, if we really want to see a radical change for the benefit of the American people and the world.

Arres…

Juan Guaido confesses being behind the sabotage of Venezuela’s electric system

Translated from the Spanish by Global Research
A confession from [America’s] puppet pointing to evidence,” said journalist Gustavo Villapol Wednesday, noting that the deputy of the National Assembly in contempt Juan Guaidó confessed to be behind the attacks perpetrated against the National Electric Service (SEN) that have affected the Venezuelan people since last March 7.
The gentleman, Deputy Guaidó, has told the world that they are behind this devious and terrorist attack against the Electric System,” he said during an interview on the Punto de Encuentro program broadcast by Venezolana de Televisión.
[These are the quotations from Guaido’s statements at the National Assembly, video below 13′ 11″ – 14′ 09″, GR editor]
And I repeat, the cessation of darkness will definitely come with the cessation of usurpation,” culminates the self-proclaimed Juan Guaidó (VTV Fotogram)
There will be no solution to the electrical problem, there will be no water to the houses much less domestic gas”…

A second Brexit referendum will boost the extreme right and the fascists further

globinfo freexchange
Costas Lapavitsas spoke with Paul Jay of The Real News and explained why a second Brexit referendum will fuel the far right nightmare:
The working class people, the poor and others who voted for Brexit in 2016, take their vote very seriously. Another referendum - before the first one will have been implemented - will look, and it will be, a direct negation of democracy. It will be a direct subverting of democracy. They will have been told ‘your vote counts for nothing’.
In that context, the only political current that can benefit is the extreme right. And they're there. They're already active. They speak the language of the working people.
There are actually now out and out fascists who are organizing actively. They call for a defense of democracy. They call for a rejection of politicians and politics in the sense that these politicians and official politics, democratic politics, are maneuvers used by the rich, and they’ve got nothing to do with the poor, and…

The weaponising of antisemitism

The smears against Corbyn and the left are part of a concerted effort to undermine a potential left government and must be opposed
by Alex Snowdon
Part 1
There is currently another round of attacks on Jeremy Corbyn’s leadership of the Labour Party on the basis of alleged antisemitism - or failures to deal with it effectively. This is a long-running saga. The charges against the Labour leadership have become progressively harsher: we are now routinely being told that Labour is an ‘institutionally antisemitic’ party.
While there have indeed been instances of antisemitism from some Labour members, the evidence shows overwhelmingly that it is not a widespread problem in the party, it has increasingly been addressed in a serious way, and the notion that Corbyn personally is complicit is absurd.
In the US, meanwhile, there has been an outpouring of vitriol directed at Ilhan Omar, a newly-elected congress member, for critical comments of Israel that have been tendentiously spun as antisemitic. In…