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

Confirmed: Alex Jones' popularity rises after Infowars banning from social media

globinfo freexchange
We wouldn't expect to be confirmed so fast on this.
A few days ago in the article IT and social media supergiants have just made Alex Jones a hero in the eyes of the ultra-conservative audience, we wrote that Alex Jones' wet dream has just become reality thanks to the combined move by Facebook, Apple, YouTube and Spotify to ban Infowars. These private IT and social media companies couldn't give a better gift to him right now. At a time where Infowars was going through a saturated period according to the best scenario, the corporate giants actually saved it with that stupid(?) strategy.
Suddenly, a corporate branch of the liberal establishment gave real value to Alex Jones' awful performance, pretending to be the 'anti-establishment' hero - just like Donald Trump - and made him a real hero in the eyes of the ultra-conservative audience that has been brainwashed by his absurd conspiracy theories.
Only a couple of days later, Kyle Kulinski of the…

Corporate media begin typical operations to make progressives comply with the establishment

The operations will multiply and become more aggressive towards 2020
globinfo freexchange
Corporate media of the ultra-conservative side made already a ridiculous attempt to present Alexandria Ocasio-Cortez as totally unreliable. In the video, TYT hosts analyze very well the specific strategy followed by Conservative Review TV.
The strategy is quite simple: you create a fake video, you upload it on social media and after being watched by thousands you admit that it was created for satire purposes. Yet, the propaganda will be definitely effective because only a small portion will notice that this was satire. Most of the viewers (especially from the conservative audience that has been heavily brainwashed for decades to love corporate America and believe whatever comes from the Fox apparatus) will believe whatever transmitted from the ultra-conservative propaganda machine.
But the corporate media of the liberal side have a very big problem right now. It is almost impossible to start an open …

While you've been occupied with that Infowars-banning story, the establishment machine already started a covert censorship operation against leftist independent media

globinfo freexchange
Developments are coming like storm. Just when the prediction that Infowars banning will actually strengthen Alex Jones' popularity became true, it seems that our second 'prophecy' (and prediction by many progressives), also becomes true. According to this, Infowars banning will be used as a blueprint by the establishment machine to shutdown progressive independent media and voices, based on that 'fake news' narrative.
We wrote that a corporate branch of the liberal establishment gave real value to Alex Jones' awful performance, pretending to be the 'anti-establishment' hero - just like Donald Trump - and made him a real hero in the eyes of the ultra-conservative audience that has been brainwashed by his absurd conspiracy theories.
Max Blumenthal speaks with Aaron Mate and gives details about Alex Jones' dark role in the whole story:
Alex Jones has always served establishment priorities. First, by taking the 9/11 truth movement, whi…

‘I knew and approved the assassination of Maduro’ claims TV show host

globinfo freexchange
Peruvian journalist Jaime Bayly claimed in his TV show Bayly, that he was aware and had personally approved the attempted assassination of Venezuelan President Nicolas Maduro.
"My reliable sources have called me and told me 'on Saturday we will assassinate Maduro' and I told them 'do it'," he said in his show and added: "When they asked me if I would condemn their move I replied that if they want I can buy them another drone."
Referring to Maduro, the journalist called him to be on alert. "My friends," he said, "are very capable, they have already scared you and there are more to come".
In a press conference, Maduro wondered how it is possible a host of a show in the US stating openly that he was aware of the attempted assassination.
Info from:
https://info-war.gr/gnoriza-kai-enekrina-ti-dolofonia-madoyro-ischyrizetai-paroysiastis-sto-maiami/

Meanwhile, Venezuelan Attorney General, Tarek William Saab, announced Wedn…

How normal human behavior became a false mental disorder epidemic

globinfo freexchange
In the early nineties, an epidemic of mental disorder was sweeping America and Britain. It had been uncovered by a new system for identifying disorders. Psychiatry had been attacked for relying on the personal and fallible judgement of psychiatrists.
But instead, a new objective method based on checklists had been invented. These listed only the objective symptoms, and deliberately did not enquire into why the individuals felt an anxiety. In the late 80s, nationwide surveys had revealed an incredible picture: more than 50% of Americans suffered from mental disorders.
But at the very same, the drug companies had announced that they had created a new type of drug, called an SSRI, which they claimed, targeted the circuits inside the brain that were causing these malfunctions. The SSRIs were marketed under names like "Prozac". What they did was alter the amounts of serotonin that flowed across the circuit connections within the brain, and they readjusted the …

The US empire was always conducting trade wars that even included deliberately created cartels

globinfo freexchange
Donald Trump is using his trade wars to support the part of the US capital that has heavily lost from free trade globalization, which is more powerful than ever in our days. This is also part of the Trump agenda to persuade Americans for his "patriotic devotion" based on his "America First" slogan.
The reality is that the US empire was always conducting trade wars that included not only tariffs on specific products, but even deliberately created cartels.
In the early 90s the Clinton administration uncritically adopted the neoliberal doctrine from Ronald Reagan and continued the big fraud against the majority of the Americans.
On the one hand, the Clinton administration was selling the big fairy tale of neoliberalism to the American public: free market capitalism would bring prosperity for all through that trickle-down fiasco. And it was translated, as always, in further cuts in public spending - more tax-cuts for the super-rich. On the other hand, …

Retired US army colonel implies that a war with Iran could start with a Vietnam-type false flag operation

globinfo freexchange
After Tucker Carlson brought additional embarrassment to the pseudo-Left warmongering liberals with his anti-war positions, he tried to make Trump appear, more or less, as a kind of peace defender. He was joined by Douglas Macgregor, a retired US Army Colonel.
Both Carlson and Macgregor attempted to blame Trump's warmongering officials and the war lobby for the fact that another devastating war, this time with Iran, becomes more and more possible. The truth is slightly different because Trump has enormous responsibilities for this development too. He was from the start very hostile against Iran, he did everything in his power to kill the Iran nuclear deal and put the most bloodthirsty, anti-Iran neocons in key positions.
Yet, it would be worth to focus on a peculiar statement by Macgregor at the end of this short interview. As he said:
           You and I know that there are lot of people who would welcome conflict with Iran, that's obvious. I think the presi…

Why the rapidly escalating and most disgusting propaganda against Jeremy Corbyn is actually a good sign

failed evolution
In the UK front, the liberal establishment machine is escalating its propaganda campaign against Jeremy Corbyn through that 'anti-Semitic' smearing. In reality, his only 'crime', of course, is that he is too lefty for the totally-occupied-by-neoliberalism Britain.
After the collapse of that ridiculous Skripal case - that ended to an embarrassing fiasco for the Western clowns - the establishment machine in the UK gave up its campaign to smear Jeremy Corbyn as a Russian stooge.
The new 'brilliant strategy' of the establishment tools is simply to paint Jeremy Corbyn as 'anti-Semite'. Which is actually the permanent smearing by the mainstream media and the liberal political center - many have been bought by the Israeli lobby- against anyone who has the ‘audacity’ to condemn the Israeli crimes against Palestinians.
The logical leap in this case is literally ridiculous: if you condemn the Israeli crimes against Palestinians, immediately means tha…

WikiLeaks paper shows France & UK pioneers behind Libya breakup

On March 16, 2016 WikiLeaks launched a searchable archive for over 30 thousand emails & email attachments sent to and from Hillary Clinton's private email server while she was Secretary of State. The 50,547 pages of documents span from 30 June 2010 to 12 August 2014. 7,570 of the documents were sent by Hillary Clinton. The emails were made available in the form of thousands of PDFs by the US State Department as a result of a Freedom of Information Act request. More PDFs were made available on February 29, 2016, and a set of additional 995 emails was imported up to February 2, 2018.
globinfo freexchange
A letter from Clintons' top advisor Sidney Blumenthal to Hillary Clinton in early March, 2012, reveals that two of the Western neocolonial powers, France and UK, were trying to breakup Libya in order to secure a privileged place upon the Libyan corpse for their big companies. It appears that both Sarkozy and Cameron, as well as their intelligence services, were working closely…

The financial system of chaos: no one can tell the 'when', 'where' and ‘how’ of the next financial meltdown

globinfo freexchange
In previous article we wrote that, the last mutation of capitalism, which has started about four decades ago, appears to contain the tools of its final demolition. Financial capitalism, accompanied with the corresponding neoliberal ideology, created a deeply unequal and unstable system.
Another study by The Democracy Collaborative comes to confirm that we live in the most unstable times, where financial crises become more frequent and more devastating. According to the study:
It appears that, contrary to the great moderation theory, the occurrence of financial crises has been accelerating in the neoliberal era.
An important 2001 paper by a number of economists from Rutgers, Berkeley, and the World Bank found that "since 1973 crisis frequency has been double that of the Bretton Woods and classical gold standard periods and is rivaled only by the crisis-ridden 1920s and 1930s. History thus confirms that there is something different and disturbing about our age.&qu…