Mainstream 101: Supporting Imperialism, Suppressing Socialism

 

“Yet the corporate use of the word democracy has no relation to the word’s philosophical definition. It is merely a portmanteau for all manner of plunder, the techniques of which include first evicting the wayward socialist in power, by sanction or sabotage or shotgun, then implanting a pliable stooge in power, implementing economic austerity, and selling off state-owned assets (held in the name of the people) to U.S. multinationals. Meanwhile the population stews in a cauldron of social and economic chaos. The pundits then clamor to administer more of the same, calling it a cure, but knowing it isn’t.

The wreckage entrained by this turn of events is nearly wholly hidden by the corporate press. But the events occur nonetheless. The ‘pliable stooges’ are referred to in Communist lore as ‘comprador elite’. Effectively, Washington buys off an elitist in the target country–there are always plenty, most of them educated in some American re-education camp disguised as an Ivy League Elysium–and supplies him or her with a prefabricated policy playbook drawn up inside the beltway by congeries of Chicago School fantasists. Then our obtuse organs of capitalist oligarchy will provide military aid in the form of weapons and training that will almost certainly be necessary to put down the social unrest caused by the austerity policies. Austerity means slashing social spending, which depletes economic demand, which shrinks the economy, which causes international lenders (read Washington-directed banks) to step in, wringing their hands in brotherly concern for their Latin lessers, and hold out a dollar-based loan package stippled with conditionalities.

These conditions include budget caps, the violation of which will trigger punitive measures, and the dropping of tariff regimes that protect domestic industry in favor of “FDI” or Foreign Direct Investment, a pseudo-economic term for a firesale of national resources at deep discounts to foreign corporations. This is also referred to as ‘privatization’ which is said to be necessary in order to raise funds for the government to pay back the onerous loan, which was naturally signed off on by the comprador elite in charge, a traitor who betrays his own population, impoverishes them, and fences their own wealth for what amounts to a transaction fee, which he then pockets before absconding to foreign climes. (Think of the Shah of Iran being granted admission to the United States for medical treatment after being chased from the country by the revolution). This makes the loan odious as well as onerous, but this is disregarded by the debt collectors.

Additional costs come in the form of ‘externalities’, the second best trick of capitalist exploitation. The first is when capital captures the surplus value from labor (which means you will never be paid your true worth in a capitalist system). The second is when capital socializes the steep costs of production. Here the costs often materialize in the form of ecological depredations, as when corporations strip mine mountaintops (see West Virginia or Jharkhand, India, where slag and sulfur wreck native habitats). These actions often proceed protected by the infamous ‘MOU’ or Memorandum of Understanding that permits domestic and foreign corporations to mine under the aegis of the federal state. Yet how much of this is shared in the tepid correspondence between the monolithic institutions of corporate media and their million minor outlets?”

We’re the good guys, right?