Economic Action

December 25, 2013

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Today, the real economic action seeks to enrich accelerated and concentrated in the hands of very few, using speculation as the main instrument. The real economic value of the planet is a third of the value of the bonds, titles, shares and other financial inventions issued regarding these real assets. That speculative character is denounced with some differential nuances by Alan Greenspan, Bernard Connolly (former head of the European Commission’s analysis), David Rosenberg (head of Merrill Lynch), Georges Soros, or the economist Paul Krugman. They criticize the monetary authorities for allowing a mostly speculative economy. It is very simple. If the financial markets, banks, investment funds are not controlled, and because jobs, it acts against tax havens, the measures against the crisis, whose more disastrous consequence is increased poverty and hunger, they are smoke. The gangster character of this system economic, in addition, it attests the fall of Bear Stearns, fifth World Investment Bank, fall that tells Ignacio Ramonet, director of Le Monde Diplomatique. Taking advantage of the distrust generated by the crisis, JP Morgan, another large Bank, spreads rumors, premeditated and shamefully, about lack of liquidity of Bear Stearns.

Although this documentary shows that it is not true, you cannot stop the ruin. It finally agrees to be sold to JP Morgan. In midst of crisis, Ramonet tells us, the more bandits system pursued with rumors or whatever that some banks value divided by ten and buy them at bargain prices. Maybe recall the conviction that a profound economic and social change, is essential now that commemorate forty years of may 68. And get behind this because, as he has written the German analyst Michael Kratke, everything that has led to this global multicrisis confirms that neoliberal capitalism itself lays the foundations for its own destruction. It doesn’t hurt us to disappear, we wish, but, as a result of foolish and gangster action, would be ahead hundreds of millions, who have no less responsibility in the disaster and Yes all their respecting human rights.