Monday, October 31, 2011

Argentina: Why President Fernandez Wins and Obama Loses



By James Petras

"....The US under Bush-Obama has pursued a totally perverse and divergent path to that of Kirchner-Fernandez. They have prioritized military spending and expanded the security apparatus over the productive economy. Obama and Congress have vastly increased the police state apparatus, reinforced their political influence over regressive budgetary policies while increasingly violating human and civil rights. In contrast Kirchner/Fernandez have prosecuted dozens of human rights violators in the military and police and weakened the military’s political power.


In other words the Argentine Presidents have weakened the militarist pressure bloc which demands greater arms and security expenditures. They created a state more accommodative to their political project of financing economic competitiveness, new markets and social programs. Bush-Obama revived the parasitical financial sector further unbalancing the economy. Kirchner/Fernandez ensured that the banking sector financed the growth of the export sector, manufactures and domestic consumption. Obama slashes social consumption to pay creditors. Kirchner-Fernandez imposed a 75% “haircut” on bondholders in order to finance social spending.
Kirchner-Fernandez have won three presidential elections, each by a larger margin. Obama may be a one-term president, even with the billion dollar campaign funding from Wall Street, the military industrial complex and the pro-Israel power configuration.

The popular opposition to Obama, especially the “Occupy Wall Street movement” has a long way to go to emulate the success of the Argentine movements that rousted incumbent presidents, blocked highways paralyzing production and circulation and imposed a social agenda that prioritized production over finance, social consumption over military expenditures. The “Occupy Wall Street Movement” has taken a first step toward mobilizing millions of active participants necessary to creating the social muscle that turned Argentina from a US style client state into a dynamic independent welfare state."

No comments: