Tuesday, November 25, 2008

Mumia Speaks: When The Dragons Return Home...

When The Dragons Return Home

[col. writ. 11/12/08] (c) '08 Mumia Abu-Jamal

Ever since the fall of the Soviet Union, we have seen the naked
rule of the dollar, unrestrained, wreak havoc around the world.

The reasons aren't as much ideological, as they are practical.
It is the pursuit of profit (to quote Malcolm X) "by any means

In economic terms, we've seen the rise of the theories espoused
by the late Milton Friedman, who advocated a "pure" form of
capitalism, one unrestrained by regulation, and unbridled by the
narrow interest of nationalisms.

Friedmanites roamed around the globe in the 1990's, supporting
dictatorships throughout Latin America because they were good for
business profits. They supported dictatorships in Asia for the same

For profits trumped all other considerations.

The method they utilized was "structural adjustment", or the
programs pushed by the International Monetary Fund (IMF) and World
Bank that demanded countries cut social services, eliminate trade
barriers, and open up their markets to foreign plunder, in order to
get IMF loans.

Every country that did so, Chile, Argentina, Bolivia, et al.,
went into a spiral of depression and social disaster. One Latin
American country's currency became so worthless that they used their
pesos to cover the walls -- because it was cheaper than wallpaper.

One of the IMF's long-term economists, Davison Budhoo, witnessed
their policies and resigned, and wrote why he quit. In his
resignation letter, he decried the IMF's practices of:

...[H]awking your medicine and your bag of tricks to governments
and to people in Latin America and the Caribbean and Africa. To me
resignation is a priceless liberation, for with it I have taken the
first big step to that place where I may hope to wash my hands of what
in my mind's eye is the blood of millions of poor and starving

The architects of this economic theory based their profiteering
on either exploiting or creating shocks, for under such conditions new
rules could be made that further weakened social networks and
strengthened foreign capital.

These crises can come from any source, natural, political or
economic; the result is the same: destruction and disorientation,
conditions which allow for better exploitation by national and foreign

But, capital, unleashed, is notoriously mobile. Restless,
ravenous, always in search of profit, it has returned to its nest, and
is ravishing anew.

The present economic crisis, born of unmitigated greed, while
terrifying and disruptive in its impact, is also a tremendous
opportunity for profit-taking as stocks fall, and corporations are
able to be acquired for a song.

The late Black revolutionary, Malcolm X, is long remembered for
his quip on the JFK (Pres. J.F.Kennedy) assassination: the chickens
have come home to roost.

Today, the vultures have come home, to feed at the breast where
once they nursed. Ravenous, they feed, ripping flesh from bone, until
little is left.

This is capitalism unleashed. And it ain't pretty.

--(c) '08 maj

{*Source: Klein, Naomi, The Shock Doctrine: The Rise of Disaster
Capitalism (N.Y.: Metropolitan Bks., 2007, p.261.}


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