Friday, November 11, 2011

The West's tragedy of capital

While Rome burns citizens should not fiddle, but believe another world may be possible and work together for that world.

By Pepe Escobar


"Here's a crash course on global finance 2.0. The debt is in the Atlanticist, wealthy North. The resources are in the global South. And the (reluctant) supreme banker of the last resort is the Middle Kingdom, as personified by the Almighty Hu (Jintao). The name of the game - Marx revisited by Occupy the World - is class struggle. It's casino capitalism, aka finance turbo-neoliberalism, as practiced by a liquid modernity elite of one per cent, versus the have-a-little-something, have-nots and have-nothing, aka the 99 per cent.There could not be a more graphic demonstration than last week's Greek tragedy takeover of the Cannes debt festival of Slavoj Zizek's thesis that the marriage of capitalism and democracy is over. ....

For the "irresponsible citizenship", the "exercise of political rights is just a ceremony of renouncing political will, and will to govern, to place it in the hands of a new caste of private proprietors of politics, which attribute to themselves the knowledge of sophisticated and impenetrable techniques of ruling and governing".

So the crucial fight is against these "private proprietors of politics" - and their one per cent masters, be it in Cairo or Manhattan, Madrid or Lahore. G20? Forget it; it's more like G7 billion. If we are truly indignados towards a system that must be toppled, we are all responsible."

No comments: