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Things should be made as simple as possible, but not any simpler

- Albert Einstein

The economic-political powers will not be tamed by advice!


Everybody likes to see equal relations and mutual respect between all countries in the world, but unfortunately that is not the case. Even in a small market, a bigger business has an instinctive appetite for domination; otherwise another business will gain control of that market and takes over its business. This is simply what is called “competition” in a capitalist system.

Although this trend is similar in the global market, yet it is still more complicated. On the global scene, we are facing very big multinationals, which due to their large sizes and their encroachment in nearly all branches of an industry, have a tendency towards monopolization.

The inevitable mergers of these monopolies, with the big banks, using currency as a commodity and making money with money, has led them into the very profitable business of usury. These usurious monopolistic enterprises or imperialists collect huge amounts of currencies. As a result while the world GDP is about $78 trillion (World Bank, 2014), it is estimated that the amount of paper and electronic currencies has exceeded the unbelievable amount of $500 trillion. Excluding the global GDP, the rest or $422 trillion is nothing more than printed paper money, and computer made electronic or digital currency. To avoid these huge amounts of capital becoming worthless, they have to be backed by physical commodities, like goods, lands, mines, factories and any tangible materials on earth; of course not to forget the very profitable business of trading illicit drugs. On the other hand, by its private nature, this capital cannot be used locally for the well being of the masses, but are exported abroad where huge amounts of profits are anticipated.

To open its path through these rewarding lands, big money does everything from buying and bribing politicians, to installing their puppet dictators by force, and waging wars in the name of building “democracy”.

When the export of capital takes place as loans, it is attached with terms under which big parts of the money shall be granted for the purchase of materials dictated by the creditors, particularly for the buying of very expensive armaments. Of course conflicts and wars have to be created to fool the public in justifying the purchase of these costly killer tools by the borrowers.

Therefore it is obvious that instead of using tax-payers’ money for the well-being of the masses, the borrowing country has to pay this money to the greedy lenders. As the amount of loans plus their interests increases, and tax-payers’ money is not enough to pay off the loan with its interest; hospitals, schools, universities, housing facilities, public transports, and other public institutions are privatized, closed, or shrinking in their sizes to balance the deficit. Medicare, social assistance programs, pensions, salaries, housing allowances, and other protective measures are reduced and even sacrificed.

With the failure of the borrower to cope with this unbearable financial situation, the next step will be lending new loans for the purpose of paying off old loans along with their interests over interests. This practice will sink the borrower in a non-salvageable quagmire of debts.

It is totally clear that the debtor would not be able to fulfil its commitments to the lenders and therefore would have no choice other than selling more of its national resources, industries, institutions, and the nation’s assets to the creditors, in other words put them up for auction.

The new owners by the “neo-liberal” policies have no obligations to respect the laws and regulations of the borrowing country, paying no taxes and tariffs, exploiting cheap labour, benefitting from low administration fees, and over all, by promoting a culture of corruption, which would add more and more to the misery of the people and breaking down the country. This is what is happening now in Greece, Spain, Portugal, Italy, Ireland, and will happen to others in the future. Instead of a previous relative prosperity, we are witnessing increasing unemployment, homelessness, inaccessibility to a decent healthcare and education for all, and deepening the gap between the rich and the poor in the debtor countries. Jobless and poor people are not able to pay for their homes, cars, appliances, and student mortgages. They are not able to buy goods, services, and pay their taxes. They are left open in the streets. As a result, the whole economy is doomed to recession and incurable depression.

In the lender countries, different layers of middle-class are persuaded to invest in shares and bonds, and even are obliged by laws to do this for securing their retirements.

Until the time the indebted countries are being milked, some share and bondholders will enjoy the leftovers of finance-capital by spreading a layer of cream over their bread, while flattering the system.

But the tragedy of their hollow lives will surface when the money granted as loans are not returned, along with their anticipated profits. That is the moment that these flatterers will be forced to taste to the end, the bitterness of a greedy system called capitalism. A system that survives by its instinctive behaviours.

No matter whether it is in animals, in humans, or in a system based on greed, instinct will not be tamed by advice. If instinct was tameable by advice, the mankind’s tree of history wouldn’t have been irrigated by blood.

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