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 - js reader 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

RAC-LA Community Center Badly Needs Your Support A14 10:09PM

Meet Green elected school board members, Sunday, March 29 in LA - 4pm M26 2:36AM

Californians Shame Regulators For Teaching Big Oil How To Skirt Law and Pollute Our Water M25 5:28PM

Next "Star Wars" to score in Los Angeles for First Time in Franchise History M25 10:43AM

Los Angeles Stands Up for Women's Rights M10 9:25PM

American Flag Banned from UC Irvine M06 10:38PM

Conversations with 3 HOLES AND A SMOKING GUN M06 5:27PM

Indymedia and the Cyber Left M01 4:03PM

FEDS ALLOW LAWSUIT TO SHUT DOWN DIABLO CANYON TO PROCEED F27 8:18PM

Open Letter to LA indymedia re hardly any more comments F27 12:07PM

Time Warner Now Charging Customers For Over-The-Air Television F14 12:16PM

Sketchy Crusader Against Poor Brandishes Dildo at Council F13 7:23PM

More Local News...

Other/Breaking News

Comments on the European Commission's approach to investor-state arbitration A18 11:02AM

World Bank Announces Package of Aid and Loans to Ebola-Affected Countries A17 7:13AM

Paraphysique de l'anarchisme A16 11:02PM

Overdue farewell to dogma A16 7:07PM

The Shortwave Report 04/17/15 Listen Globally! A16 5:04PM

The Sleazy Corporate Thieves of Public Storage: Ronald L. Havner Jr. , B. Wayne Hughes.... A16 2:02PM

Socialist Animalism A16 9:50AM

Federal agents being accused of gross misconduct & assassinations A15 11:31PM

4 Men Murdered 1983 San Pedro, Stat of WW III, Memory Returned 2014, Psych Ops, Video Link A15 8:50PM

BDS Drops Its Veil: Campus Anti-Semitism A15 7:08PM

IMF Reports Debt and Human Crises Drive Uneven Growth A15 7:25AM

Le capital où l'épouvante permanente A14 9:35AM

Pavlovian dogs are today's fbi human torture victims A13 3:28PM

Death in Days: Beware of This Bacteria: Lethal Anthrax Vaccine's Victims A13 9:31AM

research material on meth use A13 5:55AM

Fast Track, TPP and TTIP Should Be Scrapped! A13 4:15AM

A guide to California's water crisis-and why it's so hard to fix A11 6:45PM

Independent Media Guide A11 4:52PM

San Diego State University defeats BDS A11 8:52AM

Paraphysique du prétendu instinct maternel A11 3:23AM

March 2015 Honduras coup update - during high school students strikes: 4 students assassin A10 9:27PM

CLASS ACTION LAW SUIT FILED AGAINST RONALD L. HAVNER JR. 's COMPANY, "PUBLIC STORAGE" A10 1:23PM

Grenada Reaches Debt Deal as Caribbean Mired in Debt Problems A10 9:27AM

The Pacifica Radio Network and "local control" A09 11:15PM

The Shortwave Report 04/10/15 Listen Globally! A09 4:24PM

The Illegal & Predatory Business Practices of Ronald L. Havner Jr's company Public Storage A09 2:36PM

A Summary Of Crimes By The fbi A09 9:33AM

UN Accuses Saudi Arabia of Killing Yemeni Civilians A09 2:07AM

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