by system
failure
A reverse
scenario of the 2008 crisis in the US would be a potential new
crisis, starting from Europe this time. Global neoliberal
dictatorship feels a threat for its domination which may start from
the oncoming euro elections. Forces of the eurosceptics, mainly from
the patriotic Right appear to be strengthened, while the European
Left seems to be determined not to follow the neoliberal block as the
Socialist European parties did.
Eurozone
member-states appear to be trapped between the markets, which are
ready to attack any time, and the ECB, and this is the reason they
proceed in further "preventive" measures of cruel
austerity. A characteristic recent example is the 50 billion euros in
cuts announced by the French president François Hollande for
2015-2017.
The system
threatens societies with a new crisis, since things may change
rapidly against the desirable conditions. In case that euro elections
give significant power to the anti-neoliberal forces in euro
parliament, this could mean that "markets" would prepare
for a new big economic crisis, starting from Europe this time, since
the global neoliberal dictatorship wants to complete the experiment
in Greece by all means and expand it, for a start, to the whole
eurozone, even to Germany.
On the other
side of the Atlantic, Obama desperately tries to pass some measures
in favor of the majority of the American people (Obamacare, minimum
wage) but faces huge barriers also from the Republicans who seems
that they openly support big capital. It is certain that Obama cares
about his fame after leaving presidency, but it seems that he can't
do much.
A potential
new crisis in Europe will be probably transferred to the other side
of the Atlantic so that, at an early stage, any intensions for
measures in favor of the people to be abandoned and subsequently,
neoliberal policies to be expanded to the United States through the
well-known IMF recipe of cruel austerity and fiscal discipline. It is
characteristic that, according to the famous economist, Joseph
Stiglitz, IMF had made wrong predictions in the past concerning US
economy, which (thankfully) were ignored. Maybe this time, some will
"consider" (unfortunately) not to ignore them.
Federal
Reserve is able to contribute significantly to the expansion of
crisis since the US government appears to be increasingly dependent
on Fed's quantitative easing policies.
The only
certain thing is that, people must not retreat in propaganda of fear
and understand that they have the power to resist against the forces
and the politics which systematically impoverish them. For this
reason, the oncoming euro elections could be a great chance and not
only for Europeans.
vst majority of americans oppose obamacare and have from start
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