NEOLIBERAL ECONOMICS, the theory used
to justify globalization—jk 6/08, 4/09, 2/12
There is an evil
afoot, neoliberalism economics, the brain child of the globalizers. It is neither new nor liberal, but the
rebirth of the economics practices during the era of the Robber Barons. It brought on the Great Depression. Neoliberalism
holds that the forces of the
market place should be unfettered, viz., without regulations; and a second
premise is that the roles of government are better fulfilled by private businesses. Neoliberalism is the sophistry used
to
justify the ruling clique’s return to the economic conditions of the 19th
century. It is just a deceptive sales
pitch pushed by the corporate media and taught in a university system which has
strong ties to the business community. Don’t
look to the globalizer’s theory, but to their actions and its consequences (as Naomi
Kline has done in “The Shock Doctrine”). It is the actions of a consortium headed by
the big banks, and supported by global corporations and brokerage houses. Through their WTO, World Bank, IMF, and the
foreign diplomacy of the wealthy nations, over 200 nations have found it PRUDENT
to sign free-trade agreements, which cover much more than trade. These trade treaties--with acronyms such as
NAFTA, CAFTA, AFTA, and MEFTA--require the dismantling of regulations governing
their currency and finance, require opening the resources, land, transit, media,
utilities, banking, manufacturing, and markets for foreign purchase and
competition. There are over 900 clauses
in these trade treaties which
permit the overriding of national and local environmental, commerce, labor,
banking, and trade regulations. This
signing of a treaty is a continuation of the ruling clique/party’s historical
course of action: the ruler’s powerbase is
tied to the business community and its press. A nation which resists
globalization faces economic sanctions. If that fails there is the Marines and
NATO. The principle reason for the Iraq
war is MEFTA, with Iraq
being hung out as an example—the same occurred with Libya, and Iran will likely
experience the same. The corporate press
inculcates a different explanation. Foreign
policy of the developed nations is tied on a global scale to the shadow
governments. Today’s
new Robber Barons are not the monopoly capitalists & bankers like
Rockefeller, Rothschild, and Morgan, but a much bigger corporate fish. Their goal is to eliminate local competition,
by establishing a world government for whom they are the shadow government. The business ethics hasn't changed, only
the
size of the board upon which they play, for now it covers our planet.
There has always been a
shadow governments. Consider the words
of Theodore Roosevelt, New York Times 1922: “These
International bankers and Rockefeller-Standard Oil interests
control the majority of newspapers and the columns of these papers to club into
submission or rive out of public office officials who refuse to do the bidding
of the powerful corrupt cliques which compose the invisible government”. These shadow
governments wants globalization,
wants bailouts for the financial sector, and governments obeys. Ours has guaranteed 23.7 trillion of
bad loans and speculative vehicles such as derivatives, and we have 80
major military bases around the globe.
U.S. and EU’s domestic & foreign policies promote the type of globalization
that the shadow governments want. They
wanted to expand the
debt-based currency, so we went off gold 1972—interest payments go to the
banks. The expanding currency must be
used, and most has gone into shadow banking activities and loans. Consumer, commercial, and government debts in
2011 totaled over $60 trillion. Servicing government debt is now the second biggest
item in the budget ($454
billion for 2010). The manufacturing
foundation of our economy has been eroded to below 10% of employment—fast-food
workers not counted. This has resulted
in an imbalance of trade amounting to over $70 billion per month (more
debt). From 2000 to 2006 the dollar has
depreciated against the EURO by 38%--which of course is also loosing purchasing
power, but not as fast. This drop in our
dollar’s value keeps the foreign dollars here to buy new T-bills to replace the
T-bills that have matured. This
expansion of currency has created for speculators the specter of “Panic”. It almost caused a 2nd
great
depression in 08. What happened in Argentina, Asia, and Greece today, awaits
the US. The Robber Baron’s media passes the blame
for economic
crisis and strife on national government’s spending, but the shadow government
is the ultimate cause. Debit entails
interest payments; crisis entails higher interest rates, foreclosures, and
bargain purchases. The shadow global government profits from these panics.
The
shadow-government policies has resulted in the out-sourcing of jobs, the flood
of tariff-free goods, the flood of immigrants and illegal aliens, the reduction
of worker’s buying power, the breaking of unions, the reduction of social
services, and a shift of the tax burden by a drastic reduction of corporate &
the top 1% income taxes. The U.S. ranks 4th in GDP, yet is 92nd
in distribution of
wealth—UN stats. The purchasing power of workers has steadily
dropped since 1972, even though their productivity has increased by 45%.
It is consumed by the financial section which makes up 44% of
corporate profits. In 1950s a family got
by on one income; there were very few working mothers. Standards of living are falling not
just in the developed nations, but also the poor nations—another fact that the
corporate media denies. Global corporations including banking are the foreign
weeds choking out native industries around the globe. We need to return to unions (a voice for the
masses), tariffs, and business regulations, like in the 50s. We need a government with its sole primary
duty being the promotion of the well-being of the masses. And this can only be accomplished
by
ending corporation’s political donations and also by having a public media
committed to truth, education, and the public weal. Neoliberalism, the sales
tool of the globalizers, is good for the masters of mankind.
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