July 21, 2017 Disclaimer: Please read.
Statements and opinions expressed in articles are those of the authors, not Truthdig. Truthdig takes no responsibility for such statements or opinions.
Globalization Goes Bankrupt
Posted on Sep 20, 2009
The rage of the disposed is fracturing the country, dividing it into camps that are unmoored from the political mainstream. Movements are building on the ends of the political spectrum that have lost faith in the mechanisms of democratic change. You can’t blame them. But unless we on the left move quickly, this rage will be captured by a virulent and racist right wing, one that seeks a disturbing proto-fascism.
Square, Story page, 2nd paragraph, mobile
“The leaders of the G-20 are meeting to try and salvage their power and money after everything that has gone wrong,” said Benedicto Martinez Orozco, co-president of the Mexican Frente Autentico del Trabajo (FAT), who is in Pittsburgh for the protests. “This is what this meeting is about.”
The draconian security measures put in place to silence dissent in Pittsburgh are disproportionate to any actual security concern. They are a response not to a real threat, but to the fear gripping the established centers of power. The power elite grasps, even if we do not, the massive fraud and theft being undertaken to save a criminal class on Wall Street and international speculators of the kinds who were executed in other periods of human history. They know the awful cost this plundering of state treasuries will impose on workers, who will become a permanent underclass. And they also know that once this is clear to the rest of us, rebellion will no longer be a foreign concept.
The delegates to the G-20, the gathering of the world’s wealthiest nations, will consequently be protected by a National Guard combat battalion, recently returned from Iraq. The battalion will shut down the area around the city center, man checkpoints and patrol the streets in combat gear. Pittsburgh has augmented the city’s police force of 1,000 with an additional 3,000 officers. Helicopters have begun to buzz gatherings in city parks, buses driven to Pittsburgh to provide food to protesters have been impounded, activists have been detained, and permits to camp in the city parks have been denied. Web sites belonging to resistance groups have been hacked and trashed, and many groups suspect that they have been infiltrated and that their phones and e-mail accounts are being monitored.
Square, Site wide, Desktop
Square, Site wide, Mobile
“It is de facto martial law,” he said, “and the real effort to subvert the work of those protesting has yet to begin. But voting only gets you so far. There are often not many choices in an election. When you build democratic movements around the war or unemployment you get a more authentic expression of democracy. It is more organic. It makes a difference. History has taught us this.”
Our global economy, like our political system, has been hijacked by a tiny oligarchy, composed mostly of wealthy white men who serve corporations. They have pledged or raised a staggering $18 trillion, looted largely from state treasuries, to prop up banks and other financial institutions that engaged in suicidal acts of speculation and ruined the world economy. They have formulated trade deals so corporations can speculate across borders with currency, food and natural resources even as, according to the Food and Agriculture Organization (FAO) of the United Nations, 1.02 billion people on the planet struggle with hunger. Globalization has obliterated the ability of many poor countries to protect food staples such as corn, rice, beans and wheat with subsidies or taxes on imported staples. The abolishment of these protections has permitted the giant mechanized farms to wipe out tens of millions of small farmers—2 million in Mexico alone—bankrupting many and driving them off their land. Those who could once feed themselves can no longer find enough food, and the wealthiest governments use institutions such as the International Monetary Fund, the World Bank and the World Trade Organization like pit bulls to establish economic supremacy. There is little that most governments seem able to do to fight back.
Banner, End of Story, Desktop
Banner, End of Story, Mobile
Watch a selection of Wibbitz videos based on Truthdig stories:
New and Improved Comments
Right Skyscraper, Site Wide
Right Internal Skyscraper, Site wide