Skip to content or view mobile version

Home | Mobile | Editorial | Mission | Privacy | About | Contact | Help | Security | Support

A network of individuals, independent and alternative media activists and organisations, offering grassroots, non-corporate, non-commercial coverage of important social and political issues.

Europe is well on its way to Walk the Plank of Recession

Franz J. T. Lee | 22.05.2009 17:06 | Analysis | Globalisation

As Wall Street witnesses: In spite of depression, Business is Business, and as the United States guarantee: Big Business is Good War, and Big War is Good Business.

Even the euro economies are now groaning under the permanent global blows and merciless onslaught of the roaring, violent waves of destruction, while world capitalism inexorably is marching towards global recession and depression, towards the annihilation of capital and labor. Its bulldozers have already smashed over 40% of accumulated wealth and fiat money, its Moloch devours everything that it finds in its way to conquer the few natural resources that are still left on earth. The economies of Europe are being atomized, brought to standstill, because of global over-production, especially of arms of mass destruction. To realize their capital investments, the military-industrial complexes, the NASA, Pentagon, NATO, defense ministries of nearly 200 States, corporations; also, paramilitary organizations, death squads, gangsters and crooks, have to buy these arsenals of expensive, modern mortal weapons, to convert these products of death into billions worth of exchange values, to be able to sell them, to produce surplus values, profits. Global and space militarization are among the top corporate priorities; inter alia, they also have generated this disastrous depression.

Arms of all calibers, arms of mass destruction must have a use-value, otherwise the above would be possible. Nobody, except criminal bankers and their innocent victims, would buy something which has no use-value at all. Also only mentally deranged sub-humans, totally alienated capitalist war mongers, would produce tons and tons of mortal. lethal and fatal weapons just to kill and maim thousands and thousands of innocent, indefenseless hospital patients, women and children. All this just to conquer and exploit their natural and human resources, to convert themselves into capital owners, privileged class sectors and reckless power hungry elites, who with an iron fist rule over the unidimensional lonely crowds. .

If this global bellicose status quo would continue, the last hopeful daydreams and rays of culture and civilization, which we have known until now, will be darkened by "the day after", which would usher in the age of "after people".

And what is the use-value of modern arms, of military merchandise? Who, as a result of sudden bankruptcy would still sell the very noose with which he would be hanging himself?

The only way to get a new short lease of life for corporate imperialism, for Europe, North America, Japan and even China, India and Pakistan is to destroy everything that ever had to do with the accumulation of capital and profits, to destroy all exploitative products, production, productive class relations, means of production and modes of production, and replace them with human, natural, social and transcendental creativity, creation and emancipation.

This capitalists, capitalism, cannot do, it is not its social order, not its historic duty.

Of course, in difficult times, in labor pain, the workers, the proletariat, have helped the weak bourgeoisie to gain political power. This was the case in the 1848 Revolution in France, and in the three Russian revolutions of 1905, February and October 1917. Out of gratitude, perhaps President Obama could support President Chavez now to help in the launching of an international class struggle, to direct this global fiasco towards "green pastures and flowing waters", towards scientific, philosophic, sapient socialism..

The birthplaces of capitalism, Greece, Turkey and Italy already indicate that this is not just another economic crisis; even the International Monetary Fund warned in April that the recession could spread across Europe and that it would cause financial chaos and deceleration of economic growth. In the first quarter of 2009, the leading economic member of the European Union, Germany was suffering from a 3.8% decrease of its Gross Domestic Product. However, hand in hand, even France and Spain are already on their way to "walk the plank" of capitalist recession. Britain finds itself "between the devil and the deep blue sea", it goes in the same direction. Iceland is bankrupt already.

Anyhow, as Wall Street witnesses: In spite of depression, Business is Business, and as the United States guarantee: Big Business is Good War, and Big War is Good Business.

Franz J. T. Lee
- e-mail: franzjutta@cantv.net
- Homepage: http://www.franzlee.org.ve

Comments

Hide the following comment

Historical circles

22.05.2009 18:24

"Do you know what this is about? Jealousy. I've got a very, very large house. It's a merchant's house from the 19th century. It's not particularly attractive. It just does me nicely. I've got room to plant a few trees." - Anthony Steen MP

"You wretched men, you who seek equality with lords are not worthy to live. Serfs you were and serfs you will remain. You will remain in bondage not as before but incomparably harsher. We will strive to suppress you so that the rigour of your servitude will be an example to posterity. People like you will always have your misery as an example before their eyes and will fear to do the things you have done" -Richard II

Lesson: when you have a dagger to a tyrant mercy is suicide.


Danny


Upcoming Coverage
View and post events
Upcoming Events UK
24th October, London: 2015 London Anarchist Bookfair
2nd - 8th November: Wrexham, Wales, UK & Everywhere: Week of Action Against the North Wales Prison & the Prison Industrial Complex. Cymraeg: Wythnos o Weithredu yn Erbyn Carchar Gogledd Cymru

Ongoing UK
Every Tuesday 6pm-8pm, Yorkshire: Demo/vigil at NSA/NRO Menwith Hill US Spy Base More info: CAAB.

Every Tuesday, UK & worldwide: Counter Terror Tuesdays. Call the US Embassy nearest to you to protest Obama's Terror Tuesdays. More info here

Every day, London: Vigil for Julian Assange outside Ecuadorian Embassy

Parliament Sq Protest: see topic page
Ongoing Global
Rossport, Ireland: see topic page
Israel-Palestine: Israel Indymedia | Palestine Indymedia
Oaxaca: Chiapas Indymedia
Regions
All Regions
Birmingham
Cambridge
Liverpool
London
Oxford
Sheffield
South Coast
Wales
World
Other Local IMCs
Bristol/South West
Nottingham
Scotland
Social Media
You can follow @ukindymedia on indy.im and Twitter. We are working on a Twitter policy. We do not use Facebook, and advise you not to either.
Support Us
We need help paying the bills for hosting this site, please consider supporting us financially.
Other Media Projects
Schnews
Dissident Island Radio
Corporate Watch
Media Lens
VisionOnTV
Earth First! Action Update
Earth First! Action Reports
Topics
All Topics
Afghanistan
Analysis
Animal Liberation
Anti-Nuclear
Anti-militarism
Anti-racism
Bio-technology
Climate Chaos
Culture
Ecology
Education
Energy Crisis
Fracking
Free Spaces
Gender
Globalisation
Health
History
Indymedia
Iraq
Migration
Ocean Defence
Other Press
Palestine
Policing
Public sector cuts
Repression
Social Struggles
Technology
Terror War
Workers' Movements
Zapatista
Major Reports
NATO 2014
G8 2013
Workfare
2011 Census Resistance
Occupy Everywhere
August Riots
Dale Farm
J30 Strike
Flotilla to Gaza
Mayday 2010
Tar Sands
G20 London Summit
University Occupations for Gaza
Guantanamo
Indymedia Server Seizure
COP15 Climate Summit 2009
Carmel Agrexco
G8 Japan 2008
SHAC
Stop Sequani
Stop RWB
Climate Camp 2008
Oaxaca Uprising
Rossport Solidarity
Smash EDO
SOCPA
Past Major Reports
Encrypted Page
You are viewing this page using an encrypted connection. If you bookmark this page or send its address in an email you might want to use the un-encrypted address of this page.
If you recieved a warning about an untrusted root certificate please install the CAcert root certificate, for more information see the security page.

Global IMC Network


www.indymedia.org

Projects
print
radio
satellite tv
video

Africa

Europe
antwerpen
armenia
athens
austria
barcelona
belarus
belgium
belgrade
brussels
bulgaria
calabria
croatia
cyprus
emilia-romagna
estrecho / madiaq
galiza
germany
grenoble
hungary
ireland
istanbul
italy
la plana
liege
liguria
lille
linksunten
lombardia
madrid
malta
marseille
nantes
napoli
netherlands
northern england
nottingham imc
paris/île-de-france
patras
piemonte
poland
portugal
roma
romania
russia
sardegna
scotland
sverige
switzerland
torun
toscana
ukraine
united kingdom
valencia

Latin America
argentina
bolivia
chiapas
chile
chile sur
cmi brasil
cmi sucre
colombia
ecuador
mexico
peru
puerto rico
qollasuyu
rosario
santiago
tijuana
uruguay
valparaiso
venezuela

Oceania
aotearoa
brisbane
burma
darwin
jakarta
manila
melbourne
perth
qc
sydney

South Asia
india


United States
arizona
arkansas
asheville
atlanta
Austin
binghamton
boston
buffalo
chicago
cleveland
colorado
columbus
dc
hawaii
houston
hudson mohawk
kansas city
la
madison
maine
miami
michigan
milwaukee
minneapolis/st. paul
new hampshire
new jersey
new mexico
new orleans
north carolina
north texas
nyc
oklahoma
philadelphia
pittsburgh
portland
richmond
rochester
rogue valley
saint louis
san diego
san francisco
san francisco bay area
santa barbara
santa cruz, ca
sarasota
seattle
tampa bay
united states
urbana-champaign
vermont
western mass
worcester

West Asia
Armenia
Beirut
Israel
Palestine

Topics
biotech

Process
fbi/legal updates
mailing lists
process & imc docs
tech