Recession
Too Mild A Word
By Pablo Ouziel
22 September, 2007
Countercurrents.org
Except
for a select group of corrupt politicians, powerful businessmen, media
barons and pundits of the law, the rest of the world was fooled into
the Iraq war. Granted not everybody believed it’s declared motives
and a few tried to stop it, but in the end we are all paying the price,
notwithstanding the Iraqi people. Donald Rumsfeld said at the beginning
of the war, "I can't tell you if the use of force in Iraq today
will last five days, five weeks or five months, but it won't last any
longer than that." We are now in the fifth year of what I dare
term ‘genocide’.
The same group of people
who lied to the world about the war in Iraq are doing the same about
the state of the global economy, and again the public is sleepwalking
listening to their lullabies. We could be witnessing the collapse of
capitalist model of society as we know it. According to President Bush,
however, we are seeing a "thriving" U.S. economy.
The lesson we should all
learn from Iraq is that this group of 'Elites', the ones Bush refers
to as his 'base', have no respect for human life, all they care about
is financial profitability and personal power. They will lie to all
of us and use any excuse to justify their objectives, but as they fall
from grace they themselves will describe their own actions. Alan Greenspan
just said it; "I am saddened that it is politically inconvenient
to acknowledge what everyone knows: the Iraq war is largely about oil."
But the public will keep
digging into the realities of Iraq and we will not rest until the truth
comes out from all these pundits, who undoubtedly should be facing trial
for crimes against humanity. The problem is that while we dig into Iraq
they will be playing the same game in other areas of social interest.
The lies they fabricated to unleash that war, they are fabricating right
now to make us feel our economies are solid and we should be consuming,
having fun, keeping calm, as Bush put it in a press conference on December
20th, 2006; " I encourage you all to go shopping more."
Yet yesterday in Crain's
New York business this could be read; "Only weeks after financial-sector
employment in the city hit levels not seen since the technology-stock
bubble, investment banks have switched into firing mode and halted most
job searches… As a result, at least 10,000 Wall Streeters of all
stripes could lose their jobs by year's end, according to estimates
from Manhattan recruiting and consulting firm Options Group."
The same story is apparent
in England, where yesterday the UK prime minister and chancellor met
with US Treasury Secretary Hank Paulson to discuss the growing turmoil
in world financial markets and after the meeting the chancellor insisted
that the UK economy remained strong and that it would weather the current
storm. Yet as the government promised depositors of Northern Rock they
would not loose a penny as the bank's share price plunged, thousands
queued to withdraw their savings.
In this chaotic world of
war and recession, which has Iraqis running for cover and Westerners
heading to the bank, the rich are getting richer and the poor are getting
poorer. According to the Telegraph a couple of weeks ago, just in Britain
"the wealth gap is at its widest for more than 40 years, creating
ghettoes of the richest and the poorest that have virtually nothing
to do with each other."
But as Westerners we don't
seem to react too vividly, the poor according to Professor Ruth Lister,
a social-policy researcher at Loughborough University, because "people
at the very bottom tend not to have the energy for rioting because they
are too busy trying to survive," the middle-classes because the
credit market has not yet fully collapsed and is still sustaining their
unsustainable lifestyles and the rich because this is the perfect atmosphere
for their wealth build up and accumulation.
However other countries are
being warned and are moving away, a week ago a United Nations agency
report said that China, India and other developing countries needed
to take steps to protect themselves against a possible recession in
the United States by lifting domestic demand.
Then the China Daily ran
a piece by Lau Nai-keung a member of the National Committee of the Chinese
People's Political Consultative Conference, which advised the following;
"There are growing concerns that the US financial meltdown will
lead to a global recession, and this in turn will hit China badly…
It is therefore not too early to kick-start internal consumption."
Finally Venezuelan President
Hugo Chávez warned this Sunday in his program "Aló
Presidente", of the danger of a world financial crisis due to the
problems presented by the high-risk mortgage business in the United
States, saying that the authorities are studying a combination of measures
"to protect us from a large financial earthquake" that would
affect the entire world.
So while as westerners we
remain hoping that this time our leaders will not be lying to us as
the recession term lingers and is masterfully pushed away and hidden
under the carpet, all I can do is wonder whether this silenced recession
is a lot more than that, just like Iraq's 'little' war is rapidly becoming
the biggest genocide since the Nazi concentration camps.
Maybe Chavez was right in
his interview with John Pilger, for the documentary film The War on
Democracy, when he said; "The American Empire has reached its end,
the world must now be governed by the rule of law, of equality, of justice
and of fraternity." If Chavez is right, maybe we should all buckle
up for a global economic collapse and begin to plan for a new world
order.
Pablo Ouziel
is an activist and a free lance writer based in Spain. His work has
appeared in many progressive media including Znet, Palestine Chronicle,
Thomas Paine’s Corner and Atlantic Free Press.
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