The so called Greek debt crisis continues to grow. The Sacramento Bee has an editorial on
Sept.12 on the editorial board’s view that the nations of Europe will need some
form of consolidation.
This view illustrates how the corporate owned media takes
austerity and budget cuts for granted.
They are presented as normal and inevitable.
The Bee editorial, along with one side
of the European economic
establishment, propose the need for a consolidation of government
power in Europe. The editors
compare the growing debt crisis in Europe to the Articles of Confederation .
But, to
understand the situation, you need to first ask, unified for what purpose? The proposed solution forms a new
government power to protect the financiers in Germany and France. They want a government that can enforce
austerity to repay bank debts. The
Bankers and capitalists caused the crisis. Now, the question, as in the U.S. is – who will pay for it.
Austerity programs, whether in Greece, Spain, Italy or
California, cost someone. In
addition to the loss of wages and benefits, austerity programs take capital out of the system and thus
make the recession worse. Greece,
Spain, Italy, Portugal, Ireland, and California working people will suffer
more.
The Bee editorial assumes that government should be an
enforcer for banks ( as they were in the U.S.). This ignores the position of
the working people in the streets organizing resistance. They say, the Bankers caused the
crisis- make the bankers pay. The
Bee editorial assumes that austerity is necessary in Greece, Spain, Ireland,
Portugal , and more. Working
people , pensioners and social
services should pay for the
bankers looting of the economy.
Here the Bee editors are consistent. This is the same
“solution” they propose for
working people and pensioners facing the California government crisis. There is resistance. There is another point of view. And, the Bee should recognize this
alternative viewpoint.
It
is long past time for the various progressive forces in the U.S. , each of which is being crushed by
casino capitalism, to work together to defend democracy. This requires unions,
teachers, academics, Democratic Party activists and others to recognize that
what they have in common is the need for a powerful united front to defend
against the corporate media and right wing, nut case, onslaughts.
1 comment:
The proposed band-aid forms a new government adeptness to assure the financiers in Germany and France.
Debt Help
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