In the face of increasing Austerity Politics demands by the Troika Institutions, much more severe than the package already rejected by the Greek people in last week’s referendum, the illusions that capitalism can deliver the real and urgent social needs of the majority in society are being split wide open this weekend.
Syriza was elected on a promise to protect Greek society from the worsening poverty and economic disintegration resulting directly from Troika Institutions’ demands in the face of a deepening Global Financial Crisis. This crisis is characterised by the financial dysfunction caused by the gargantuan debt burden imposed on supposedly ‘sovereign’ nation states by these Institutions: The International Monetary Fund (IMF); European Central Bank (ECB); and the European Commission (EC).
The IMF and ECB directly represent the power and systemic requirements of the owners of Capital Money, the so-called 1% (in fact it is a much smaller fraction of the global population), what used to be referred to as the capitalist class.
Their ‘ownership’ of the money commodity, their wealth, privileges, and power are exercised – that is, are given a real material form in our lives – through the economic and political systemic processes by which they exercise through force – their ‘rights’ to dictate to society, the way in which our society must be controlled so they can maintain their political and economic control.
THE 1% AGENDA
Maintaining good living and or working conditions for the billions of the rest of us – is not even on their agenda. Not in Greece, not in Ireland, not in Germany, not anywhere.
They maintain themselves in power through their ability (through the ownership and control of the media and educational services) to define the way the rest of us see and understand the world around us (ideological control); and also through their violent enforcement bodies such as the Police, the Army, the Legal Apparatus and increasingly, through the operation of Private Enforcement gangs, sometimes as private ‘security business’ ventures, sometimes as quasi-political rightist thugs, murder gangs, and political enforcers.
While the latter constitute the neo-fascist disruptive elements of the far-right, the former constitute the entity we call “The State”. We have been taught to understand that “The State” exists to serve the people and/or to organise for the needs of our society. This may have been partially true in the remote past, but “The State” today exists as the prime organiser of coercion against the people by the 1% capitalist class.
This brings us to the role of the state within that super-state known as The European Commission.
This body has no democratic legitimacy. No citizen of Europe has ever chosen the “Commissioners”. They have been carefully chosen and appointed by the 1% ruling class, often manipulated through the smaller “nation state” governmental layer, usually for their willingness to act brutally against the interests of ordinary people, and in the exclusive interests of the 1% they are paid to serve.
AIDING AN ABBETTING
Today, as this gang of thieves bludgeon Syriza into a savage betrayal of the Greek people, they are also effectively privatising Aer Lingus here. It’s business as usual as Kenny/Burton/Noonan/Howlin, “The Gang Of Four”, having sold off the Irish State’s remaining quarter ownership of this airline – a vital resource for an island nation, cheer for Ryanair, now poised to hand over this icon of Ireland (what used to be known as a “flag Carrier” transport resource) to AIG, a Global Corporation with no commitment to Irish people and their needs. AIG’s only loyalty is to their profit-driven bottom line, serving only shareholder (the 1%) interests.
A POLITICAL COUP
The state known as the Republic of Ireland has suffered a de facto coup de tat with the establishment of this Gang Of Four as the self-described Economic Management Committee which now dictates to the “Cabinet”, and thus to the Dail, and through this state mechanism, to society.
They were appointed (as per the European Commission role) as the most effective structure to carry out the direct orders of the Troika Institutions, imposing Austerity Politics on the people, privatising publicly owned resources, driving down wages (the cost of the labour), smashing all existing welfare provision to facilitate all this, and constructing an inhuman “Market State” predicated only on returning the maximum profits to the Global Corporations.
The “State” now stands against the people in Greece, in Ireland, in the United Kingdom across the Irish Sea and north of the bogus “Border”. In fact, pretty well most places around the globe.
AN UNRESOLVABLE CRISIS
But their main problem is that the strangling burden of an almost unimaginable indebtedness which has been built up (as the functional necessity of capitalist production since August 15th 1971 when Nixon ended the Gold Standard for the US$) now renders the whole finite system incapable of creating the infinite quantities of value (the living content and active part of the “money” commodity in its motion) necessary for the profit-based system to endure!
The entire system now only produces further debt burden!
This is the unresolvable contradiction at the heart of the dilemma facing Merkel and Draghi on one side of the non-negotiating table, and Tsipras and Euclid Tsakaloto – successor to Yanis Varoufakis (appointed as recently as 25th January 2015) on the other.
It is the same dilemma which faces the paralysed capitalist system everywhere.
Both Varoufakis and Tsipras belong to a tradition of economic theorists known as the neo-Keynesians. Followers of the theories of John Maynard Keynes, the British economist who held that capitalism could be made to work for ordinary people if it was “properly” regulated and managed by the state, they hope to “fix” capitalism. But this is now an impossible task.
AFTER BRETTON WOODS
Keynes’s theories gave rise to the Bretton Woods Agreement in 1944 – an attempt to manage a globalising capitalism out of the murderous Fascist Hitlerite coup de tat and the calamity of World War Two, and which eventually established bodies like the IMF.
But after just 27 years, this scheme collapsed and failed, and capitalism was forced to transform itself by accepting as real, the fictitious capital accrued out of futures trading, the creation of unreal financial instruments (sub-prime etc.), and the emergence of high frequency trading (computerised gambling), all of which has created the lethal debt burden!
The head had been cut off the chicken, but it was still running around the yard. Now the dead chicken is, perversely, coming home to its final roost!
THE REAL CRISES
This method of organising human affairs is unsustainable. As witnessed by the ecological crisis (climate change largely caused by over-production for profit); the financial crisis smashing the Euro via the Greek insolvency (as other currencies stumble); the social crisis of the privatisation war on public service provision (with collapsing and unsustainable privatisations); the military escapades of the 1% as they fight resource wars (!); the present system is destroying our little planet with its delicate natural balances, and also the masses of our sisters and brothers which constitute humanity in its rich differences around the world.
• WE MUST ACT TO REMOVE THESE PROFITEERING GANGSTERS FROM POWER
• WE MUST ESTABLISH A REAL DEMOCRACY
• WE MUST DISCUSS, CREATE AND IMPLEMENT INOVATIVE, DIFFERENT AND SUSTAINABLE REVOLUTIONARY NEW METHODS OF MEETING OUR HUMAN NEEDS IN HARMONY WITH NATURE – BEFORE IT’S TOO LATE
That process will begin with creating a local forum where our own voices can begin the process of expressing new possibilities and strategies for our survival, as the world of gangsterism falls all around us and fails, threatening disastrous consequences!
Thank you Frank