Tuesday, 31 May 2011

Capitalism in Crisis - What falls Apart



You just can’t imagine how it is, but every morning, or sometimes every other morning. I ring-up and call my elderly mother; she is 75 and lives in Scotland which is quite a few miles from Canning Town, well the point is this comrades; I drive her nutty sometimes talking about my politics, and that I know, but just can’t help it really that’s the way I am and she know’s it too. Can’t say for sure whether or not she agrees with me on anything politically, she has always kept and played her cards close, but there are one or two things that she agrees with me on, and I know that mum would always be on the side of the underdog, and what is right and fair in society – she may not be a ‘revolutionary’ like her unrestrained son, but what she is (a very decent person) will always do for me!”

Over the bank-holiday weekend I asked mum during one of our early morning chats had she seen the news over the weekend? I don’t have a working TV in the flat, went off them years ago, and yet still I get visited by the licensing people every now and then; anyhow mum said she had. I inquired had she seen anything about France, Spain, anything about Greece, and anything about Egypt and had she seen anything about NHS protests in the UK- mum said she hadn’t.

Well the point that I am trying to make is that the distribution of news, really is about blue-pencilling, editing and cutting out the parts that may do more harm than good to the capitalists system. So many people don’t really know what is going on in the world because the owners of newspapers and the media are selective in what they would like us to read and take in at any given time.

And this of course is one of those given times, just look at the events that are occurring around the world spontaneously, and sometimes without or very little advance preparation, thanks is due to the Internet and social media sites. Greece comes to mind where about 30,000 people protested in Athens' central Syntagma square on Sunday evening against the government's tough economic austerity policies. The demonstration, larger than many others that have taken place during Greece's economic crisis, appeared to be the first that resulted from spontaneous calls over social media sites such as Facebook. Many others have been organized by unions or political factions. Officials with the European Central Bank (ECB), International Monetary Fund (IMF), and the European Commission (EC) have been deployed to Athens this week to finalise plans with the Greek government for another round of savage austerity measures; in these circumstances I think we are going to hear a lot more about and from Greece in the weeks if not day’s to come.     

I think that these are the day’s when people power can come into its own and can really shake the world, and dare I say it, take that opportunity and even to - change it!”

When politicians repeatedly fail to make any impact upon homelessness, inner city decay, unemployment, poor health-care, rising crime and so on, they as we all now know, blame the state of the economy, either for causing the problem or for preventing enough money being available to spend upon solving it. For most of us these explanations are unanswerable. We tend to think of “the economy” in much the same way as we think of the weather, with its booms and slumps like summers and winters. Politicians hazard their careers on trying to time elections to coincide with its fine spells. So I gestate you could say that senior financiers of the world’s leading nations meet to discuss ways of tempering some of its storms, floods and frosts.

The only thing is that no one has control over nature, look at it this way. If you’re a homeowner, you already knew it was only a matter of time, but you’ve resisted admitting it, erosion has stated its callous attack, starting with your savings. Back when they told you what your house would cost, nobody mentioned what you’d also be paying so that nature wouldn’t repossess it long before the bank.    

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