The economic collapse that happened in Greece in 2008 and whose effect is still continued, described by John Pilger, as a microcosm for the developed world, where class war are the words seldom used because they are the truth.
The crisis that has led to the “rescue” of Greece by the European banks and the International Monetary Fund is the product of a grotesque financial system which itself is in crisis. Greece is a microcosm of a modern class war that is rarely reported as such and is waged with all the urgency of panic among the imperial rich.
What makes Greece different is that within its living memory is invasion, foreign occupation, betrayal by the West, military dictatorship and popular resistance. Ordinary people are not cowed by the corrupt corporatism that dominates the European Union. The right-wing government of Kostas Karamanlis, which preceded the present Pasok (Labour) government of George Papandreou, was described by sociologist Jean Ziegler as “a machine for systematic pillaging the country’s resources”.
The machine had infamous friends. The US Federal reserve Board is investigating the role of Goldman Sachs and other American hedge fund operators which gambled on the bankruptcy of Greece as public assets were sold off and its tax-evading rich deposited 360 billion Euros in Swiss banks. The largest Greek ship-owners transferred their companies abroad. This haemorrhage of capital continues with the approval of the European central banks and governments.
At 11 per cent, Greece’s deficit is no higher than America’s. However, when the Papandreou government tried to borrow on the international capital market, it was effectively blocked by the American corporate ratings agencies, which “downgraded” Greece to “junk”. These same agencies gave triple-A ratings to billions of dollars in so-called sub-prime mortgage securities and so precipitated the economic collapse in 2008.
In Greece, as in America and Britain, the ordinary people have been told they must repay the debts of the rich and powerful who incurred the debts. Jobs, pensions and public services are to be slashed and burned, with privateers in charge. For the European Union and the IMF, the opportunity presents to “change the culture” and dismantle the social welfare of Greece, just as the IMF and the World Bank have “structurally adjusted” (impoverished and controlled) countries across the developing world.
Greece is hated for the same reason Yugoslavia had to be physically destroyed behind a pretence of protecting the people of Kosovo. Most Greeks are employed by the state, and the young and the unions comprise a popular alliance that has not been pacified; the colonels’ tanks on the campus of Athens University remain a political spectre.
In the developing world, a system of triage imposed by the World Bank and the IMF has long determined whether people live or die. Whenever tariffs and food and fuel subsidies are eliminated by IMF diktat, small farmers know they have been declared expendable. The World Resources Institute estimates that the toll reaches 13-18 million child deaths every year. “This,” wrote the economist Lester C. Thurow, “is neither metaphor nor simile of war, but war itself.”
The same imperial forces have used horrific military weapons against stricken countries whose majorities are children, and approved torture as an instrument of foreign policy. It is a phenomenon of denial that none of these assaults on humanity, in which Britain is actively engaged, was allowed to intrude on the British election.
The people on the streets of Athens do not suffer this malaise. They are clear who the enemy is and they regard themselves as once again under foreign occupation. And once again, they are rising up, with courage.
Source: New Statesman