The lockdown together with the curtailment of trade and air travel had set the stage. This closing down of national economies was undertaken Worldwide starting in the month of March, affecting simultaneously a large of number of countries in all major regions of the World. It is unprecedented in World history.
Why did leaders in high office let it happen? The consequences were obvious.
This closing down operation affects production and supply lines of goods and services, investment activities, exports and imports, wholesale and retail trade, consumer spending, the closing down of schools, colleges and universities, research institutions, etc.
In turn it leads almost immediately to mass unemployment, bankruptcies of small and medium sized enterprises, a collapse in purchasing power, widespread poverty and famine.
What is the underlying objective of this restructuring of the global economy? What are the consequences? Cui Bono?
- A massive concentration of wealth and corporate capital,
- the destabilization of small and middle sized enterprises in all major areas of economic activity including the services economy, agriculture and manufacturing.
- facilitates the subsequent corporate acquisition of bankrupt enterprises
- It derogates the rights of workers. It destabilizes labor markets.
- It creates mass unemployment
- It compresses wages (and labor costs) in the so-called high income “developed countries” as well as in the impoverished developing countries.
- It leads to an escalation of the external debt
- It facilitates subsequent privatization
- Needless to say this Global Adjustment (GA) operation is far more detrimental than the country-level IMF-WB structural adjustment program (SAP).
It is neoliberalism to the nth degree.
One can argue the pandemic was accidental, even that the ruling class had no prior plan to utilize it for their own benefit. But at the very least one can see in their actions the way they think and how they intend to deal with ALL such problems - in ways which treat people like WE are the infection which has to be eradicated.
The virus itself is just the perfect excuse for what they are doing.
The virus itself is just the perfect excuse for what they are doing.
Like I said, apparently WE are the infection which must be eradicated:
ReplyDelete'When approached by Gothamist and asked why he felt compelled to document the burials on Hart Island, the photographer, whose name was George Steinmetz as noted in the above-quote, replied that: "these are human beings, and they're basically being treated like toxic waste."'
Source - https://www.zerohedge.com/political/nypd-confiscates-drone-belonging-freelance-photojournalist-documenting-nycs-mass-burials
You're right, George, they're treating us like toxic waste.