imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Subscribe Calendar Publish RSS
Tell the NSA: StopWatching.US

Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

CopWatch LA

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List





IMC Network: www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech
printable version - json version - email this article - view hidden posts - tags and related articles
link:

New York Times Supports Austerity Harshness

by Stephen Lendman Tuesday, Jan. 08, 2013 at 11:27 PM
lendmanstephen@sbcglobal.net

class wa

New York Times Supports Austerity Harshness

by Stephen Lendman

Austerity reflects predatory capitalist harshness. Bankers, other corporate favorites, and super-rich elites are enriched at the expense of most others.

Force-fed policies are destructive. Disadvantaged households are harmed most. Capital's divine right is prioritized. It profits by cutting wages and eroding social spending en route to eliminating it altogether.

Washington's fiscal cliff duplicity conceals class war. Bipartisan complicity wants America's social contract destroyed. By 2023 or sooner, it may no longer exist.

Robbing poor Peter to pay rich Paul is policy. It's happening across Europe. The worst of times are planned. Banker rights are prioritized over popular ones. They're on the chopping block for elimination.

OnJanuary 1, The New York Times headlined "Used to Hardship, Latvia Accepts Austerity, and Its Pain Eases."

It's hard imaging rubbish this unconscionable gets published. The Times featured it.

Latvia "provide(s) a rare boost to champions of the proposition that pain pays," said The Times. Hard times continue.

"But in just four years, the country has gone from the (EU's) worst economic disaster zone to a model of what the (IMF) hails as the healing properties of deep budget cuts."

IMF policies wage financial war on humanity. They're hugely destructive. They debt-entrap nations. They impoverish millions. They force-feed structural adjustment harshness. They mandate:

• privatization of state enterprises; many are sold for a fraction of real worth;

• mass layoffs;

• deregulation;

• deep social spending cuts;

• wage freezes or cuts;

• unrestricted free market access for western corporations;

• corporate-friendly tax cuts;

• tax increases for working households;

• trade unionism crushed or marginalized; and

• harsh repression against opposition to a system incompatible with social democracy, civil and human rights.

Kleptocrats are empowered. Bankers and other corporate predators strip mine countries of material wealth and resources. Crown jewels are sold off at fire sale prices. Poverty, unemployment, hunger and homelessness grow.

People lucky enough to have jobs become serfs. Debt peonage substitutes for freedom. A race to the bottom follows. Force-fed austerity is neo-Malthusaianism writ large.

Its holy trinity mandates no public sphere, unrestrained corporate empowerment, and abolition of social spending. It's the worst of all economic/financial worlds.

They're financialized into hollow shell dystopian backwaters.

Bravo, said The Times. After seeing its economy shrink 20% from peak levels, Latvia dead-cat bounced a smidgen. Its exports rose.

"We are here to celebrate," said IMF head Christine Lagarde. She's a world class scoundrel. She was Washington's top choice to run things. Her support for neoliberal harshness won her the job.

Her mandate is austerity harshness, mass impoverishment, neo-serfdom, and extracting wealth for giant banks and other financial favorites. Her background showed she's up to the challenge.

She held previous high-level financial, trade, and other government and business posts. She didn't disappoint. She's a walking conflict of interest.

She's a longstanding hardline neoliberal insider. She's well rewarded for inflicting pain. She calls Latvia a success story. Its government sacked a third of its civil servants.

Wages were severely slashed. Benefits largely disappeared. Economic deprivation left vast numbers "severely materially deprived."

Fo ordinary people, crisis conditions persist. Anyone out of work on earning subsistence or sub-poverty pay understands what's going on better than talking-head economists.

Many people left and won't return. They include some of Latvia's best and brightest. Why endure IMF harshness.

Riga-based Stockholm School of Economics Professor Morten Hansen said Latvia's unusually open economy enabled relentless wage and benefit squeezing.

"You can only do this in a country that is willing to take serious pain for some time and has a dramatic flexibility in the labor market," he said.

In other words, it's only possible where workers have no rights, those most vocal and angry leave, and others know resistance faces stiff crackdowns. It's also easier perhaps in tiny countries. Larger ones are harder to control.

Hansen added that "The lesson of what Latvia has done is that there is no lesson."

Jeffrey Sommers and Michael Hudson addressed Latvia. Their article is titled "Latvia's Economic Disaster as a Neoliberal Success Story: A Model for Europe and the US?"

Latvia is today's "most highly celebrated anti-labor success story," they said. It's called a country "where labor did not fight back, but simply emigrated politely and quietly."

Workers endured austerity instead of resisting, it's claimed. Many voted with their feet and left. Most remained and suffered. Tax burdens are "decidedly on (their) backs…."

Latvia is praised for being "business friendly." It comes at a high price. It reflects 19th century harshness. It's a cruel unacceptable social experiment.

The New York Times article is discussed. Human misery is called the "Latvian Miracle." The newspaper of record "has fallen in line with the surrealistic Orwellian attempts to depict Latvia's austerity and asset stripping as an economic success…."

Wages and benefits are stripped to the bone. Workers endure unconscionable tax burdens. Real estate interests get off lightly. So do capital gains and other business-friendly initiatives.

Latvia became "de-industrializ(ed), depopulat(ed) and de-socializ(ed)." It's a model dystopian state. It became a "Protestant morality play."

"(S)toic Balts confront(ed) crisis" by avoiding "histrionics (and) getting busy with work." These type notions appeal to "smug middle-class prejudices and stereotypes in countries whose populations have not had to suffer economic experiments in neoliberal horror."

"Anyone with actual experience in Latvia will see the dissonance between myth and reality regarding the government’s response to the crisis."

"Latvians most emphatically did protest both the corruption and proposed austerity following the fall 2008 crash."

Neoliberal regimes condemn resistance. Harshness was force-fed. Many people emigrated. Protests abated. People most vocal and angry sought better times elsewhere.

Latvia's post-Soviet population dropped from 2.7 million to "an official" 2.08 in 2010. "Demographic reports originally (said) 1.88 million in 2010. Some Latvian demographers" say totals were inflated.

Latvian "success" reflects "neoliberal Potemkin Village illusion." The country's 2008 economic collapse "was the deepest of any nation when the financial bubble burst."

The depth of its crisis permitted a dead-cat bounce. Officials and media scoundrels claim recovery. Privileged few alone benefit.

Success reflects population and capital flight, clear-cutting forests, de-industrialization, neoserfdom, unprotected workers, poverty-level wages, and addressing underdeveloped agricultural and transit sectors.

"Neoliberals call austerity and emigration 'stability' and even economic growth and recovery, as long as people don’t complain or demand an alternative."

Is Latvia's model heading for America? Bipartisan complicity to destroy popular benefits suggests the worst of hard times ahead. They'll arrive incrementally over time.

The America older generations grew up in doesn't exist. Worse times loom. Younger ones face dystopian harshness. They'll be no place to hide.

Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net.

His new book is titled "Banker Occupation: Waging Financial War on Humanity."

http://www.claritypress.com/LendmanII.html

Visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

http://www.progressiveradionetwork.com/the-progressive-news-hour

http://www.dailycensored.com/new-york-times-supports-austerity-harshness/
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


LATEST COMMENTS ABOUT THIS ARTICLE
Listed below are the 10 latest comments of 1 posted about this article.
These comments are anonymously submitted by the website visitors.
TITLE AUTHOR DATE
Austerity = Slashing Public Funds for War Funds From The US to Greece Post 9-11 War on Islam Austerity US to Greece Wednesday, Jan. 09, 2013 at 1:47 AM

Local News

Water in California - info proliferated now is dubious J28 5:04PM

Pacifica clearly endangered. Reposting info here: J28 2:34PM

Video: Occupy Love (2013), 1 hr 19 min J28 4:43AM

Who declares themselves to be the ultimate-only-valid-authority here on current wars elsew J27 11:11AM

MDRC's Rent Reform Assault: Section 8 tenants vs. affordable housing industry J24 12:24AM

Obama at LA Trade Tech J23 3:23PM

Los Angeles Joins World Wide Protest Against Israeli Aggression J22 6:33PM

Los Angeles Joins World Wide Protest Against Israeli Aggression J22 5:48PM

Los Angeles Joins World Wide Protest Against Israeli Aggression J22 5:28PM

Protest Israeli Shelling of Gaza J21 1:58AM

#SaveTheInternet Rally J20 11:24AM

PACIFICA is shify-ing more J18 8:55PM

Radical Women Study Group J16 4:43PM

KIDS REPLANT WILSHIRE FRUIT TREES UPROOTED BY VANDALS J16 2:34PM

Emails Needed by Thursday, July 17 to Save the South Central Farm (Again) J15 4:40PM

Is AFT Pres Weingarten On The Take? J12 7:45AM

LA Living in Vehicle Law Found UnConstitutional J11 12:22PM

KPFK News covers the Che Cafe struggle J10 9:33PM

Public Comment on South Central Farm Site J07 10:44PM

Successful Protest at new Burbank Hobby Lobby on 4th J06 5:17PM

Protesters Violently Arrested in Murietta J05 12:44AM

Gallery Opening Highlights Journalist’s Creativity, Insights, and Passions J03 11:52AM

Indymedia On Air - Che Cafe show J02 10:27AM

Save the Che: Letter from Zack de la Rocha J29 8:47PM

Political Thriller Citizen Koch Premieres in Los Angeles J28 2:35AM

Veteran and Families of Military hold Press Conference J18 7:36AM

Furious Homeowners Occupy Lobby of Fannie Mae in Pasadena J16 4:15AM

Change Links Revival J12 12:09PM

More Local News...

Other/Breaking News

Free Rasmea Odeh J30 11:18PM

Our Land, Our Business J29 4:40PM

Argentina Braces For Default J29 12:09PM

Back To School Fair J29 11:43AM

Dirt Dog J29 11:19AM

Christian Zionism: The Heresy that Undermines Middle East Peace J29 7:53AM

Memorandum 2014 J29 4:01AM

Paraphysique de la violence J28 9:49AM

Philippine President told: Re-energize the campaign for reforms J28 3:23AM

Panthers in the Hole: French Angola 3 Book Illustrates US Prison Crisis J27 12:13PM

¡Abajo las nuevas exacciones criminales de Israel! J27 11:41AM

looks ok to me... J27 10:32AM

Down with the latest criminal abuses by the Israeli State! J27 10:21AM

THE BOOK OF JOSHUA | ZIONAZIS J26 9:52PM

Video: Left Forum on Thomas Paine 1 hr, 23 min J26 4:21PM

Surpopulation et paupérisation J26 9:13AM

AVAAZ_GAZA_war crimes J26 8:07AM

Israeli-Palestinian Science Organization (IPSO) Struggles for Peace J26 8:02AM

Snake Valley Festival in Baker NV fights SNWA ‘Water Grab’ J26 6:59AM

Nuclear Bomb LA 1983, Revelations tortured Witness Recovers from 14 year coma J25 7:52PM

The Shortwave Report 07/25/14 Listen Globally! J24 5:00PM

Come for the education, Stay for the fun at the OC Health & Wellness Fair J23 10:59PM

Philippine president signs law requiring tobacco companies to put graphic health warnings J23 3:55AM

Rockets found in Gaza school J22 10:57PM

Statement on the Gaza Genocide J22 8:32PM

Capitalism and War: Pope Francis J22 4:18AM

Geekouts Link's for June and July 2014 J22 1:14AM

ADI holds Week of Action Against Circus Suffering J21 11:41AM

More Breaking News...
© 2000-2003 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy