About super-capitalism and other sillinesses
Il Pianeta Verde - La belle verte
(9:56)
(9:56)
Super-capitalism is a tyrannosaur in uncontrolled liberty. Its cage was thrown open definitively with the collapse of the Berlin Wall on 9 November 1989. From that time it has no limits. It has become bulimic. It devours what remains of the social democracies without let up. It’s growing. It’s growing year by year. The World Trade Organization (WTO) was born in 1995, seven years later. 97% of the nations of the world belong to it. It has the aim of abolishing every tariff barrier to international trade for everything: commercial goods, services, intellectual property. Production has been delocalised anywhere in the world where the cost of labour is lower because there’s a lack of checks on safety, trades union rights, protection of the environment. And often the same minimum rights with the recruitment of armies of child slaves under the banner of profit.
The multinationals have cashed in the gains of super-capitalism. They have protected their T.rex through the media that have praised it and that are praising its virtues and have demonised the “ anti-globalisation” campaigners. The market and democracy have fused together, as though man himself is becoming an out-of-date product. The conquests of generations of people to get a social State (what else can a State be if it’s not “social”?) have been cancelled out. And the ones that still remain are being constantly transformed into dis-services for the glory of T.rex as has happened with public water: “The aqueducts are not functioning? We’ll give them to the private sector!” Less State, more Market.
Is it possible to control a starving T.rex? Its stomach is the planet. Derivatives, futures, swaps have been able to infect world banks for almost twenty years to the indifference of the supervisory bodies of the States and of the international organisations. A new 1929 that has started but has not yet finished. The States have become markets, fabricators of optical illusions, specialists in debt. Dozens of States have already gone bust, others will follow. For the moment, to keep T.rex calm, there’s the creation of new debt to add on to the debt. A contradiction in terms.
Italy in its small way does not draw back from the banquet. The images of Gianni Agnelli and Luciano Lama seem like photomontages. Marchionne and Rinaldini are two parallel lines. They can never meet. Marchionne is blackmailing the government, and he can do that, legitimately, with T.rex at his side to protect him. Serbia and the delocalisation at 400 euro a month for each worker are waiting for him. Super-capitalism is an excess. It will die by itself and it will be replaced by another excess that is equal and opposite. Obviously, unless we die first.
Posted by Beppe Grillo at 08:35 AM in Economics
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From today, "Toxic" Tony Hayward is no longer BP's CEO. He is the guy who is responsible for turning the Gulf of Mexico into a huge oily swamp, depriving thousands of people of their livelihoods. Not to worry. Toxic Tony (as he has been dubbed by the people he affected) like other failed CEOs, has been rewarded with $18 million worth of bonuses. What for? I don't know. Maybe it's for the jobs he created for thousands of inmates busy raking up tar balls on the beaches of Louisiana thus turning a crisis into a moment of social redemption; maybe it's for the insensitivity, arrogance and pompous attitude he showed the people whose lives have been put on hold; maybe it's for all that time of his life he wasted managing his fuck-up; maybe it's for the lies he used to minimize a disaster of catastrophic proportions, or perhaps it's for all the above. Whatever it is, one thing is for sure, "Toxic" Tony is leaving $18 million richer. What about the people of the coast to whom BP promised recompensation three months ago? Yes, what about them? They're waiting.
I read that soon BP will be drilling off Sicily's coast. Here is something to think about BP: it has the worst safety record of all the oil companies; cost-cutting and unheeded warnings about a faulty valve caused the blow-out and the lives of 11 workers. In the last three years BP was reported for 750 "egregious and willful safety violations". In 2005, a fire at a BP-owned refinery in the United States killed 15 workers. In 2006, BP spilled 20,000 barrels of oil a day for a month in Prudhome Bay, Alaska. BP is probably the worst corporate citizen in the world.
Posted by: Louis Pacella | July 28, 2010 03:01 AM