Don’t Tell Us It’s Not a Class War
by Gerald Caplan The entire world seems to be one huge advertisement for The Shock Doctrine. Naomi Klein showed in her revelatory book how the corporate-political-military-media complex exploits crises to further impose their harsh right-wing agenda – even when they themselves created the crisis. In a sane world, the economic meltdown and deep recession of the past four years would have led at minimum to stringent regulation of financiers and speculators plus programs to assist their victims. But in this world, you have to be nuts to believe in a sane world.In reality, everything that’s happened in the past several years has gone to further empower and enrich the 1 per cent (or maybe the 5 per cent) at the expense of the rest of us. Look anywhere you want. What else does the universal demand for austerity programs mean? What else does the sudden concerted attack on public sector workers mean? What else does the intransigent line taken by multinational corporations against their unions mean? What else does the demand for “right-to-work” laws mean? What else does the widespread attack on seniors’ pensions mean?
Police in riot gear descend on an anti-austerity protest outside the Greek parliament in Athens on Feb. 19, 2012. REUTERSLook at poor Greece. Ms. Klein could have invented it as a pure case study for her thesis. Big economic problems, it’s true. So how do you fix them? As a Greek journalist wrote matter-of-factly in The New York Times, the latest bailout program imposed by the IMF, the European Union and the European Central Bank “almost guarantees recession.” And this will be on top of the punishment that had already been inflicted on the 99 per cent, including deep cuts to private-sector wages, layoffs in the civil service and significant reductions in health and social security.Throughout, economists like Joseph Stiglitz and Paul Krugman, whose forecasts have repeatedly been borne out, assured the few who would listen this was a guaranteed recipe for exacerbating Greece’s economic woes. It meant, after all, instead of growth, a guaranteed contraction of the economy. Which is exactly what happened. But apparently these critics, while correct about the consequences of enforced austerity, were wrong about the proper solution. The punishment, it seems, had not been crushing enough. Now a new and improved package of pain will be inflicted, a condition for the country receiving bailout funds at sky-high borrowing costs. For the vast majority of them, it’s a Greek tragedy.
At least 21 per cent of Greeks are unemployed. Yet the thumbscrews are to be tightened once again: more austerity, more spending cuts, eliminating another 20 per cent of all government jobs and slashing the minimum wage by another 22 per cent. All this, in a country in its fifth year of recession.
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