In a global economic system that is ‘too big to fail,’ does Greece really matter?

June 3rd, 2012

Published on Pambazuka News, by Larry Pinkney, May 31, 2012.

The real definition of austerity means nothing more than corporate fleecing of the common people while enriching an avaricious elite. As everyday ordinary Black, White, Brown, Red, and Yellow people in the United States are painfully beginning to realize, no entity, no bank, and no nation that is tied in to this global economy, based upon systemic fraud and concomitant greed, is too big to fail.  

Indeed, to the contrary, failure is ultimately inevitable. But the brunt of such ‘failures’ are borne on the backs of ordinary everyday men, women, and children, be it in this nation or elsewhere.

In today’s parasitic global economy, the end game of the global corporate elite is to amass as much personal wealth in as short a period of time as possible. Struggling, ordinary, everyday people be damned.

This parasitic economic system in the United States and throughout most of the world is manipulated and controlled by an avaricious elite whose economic objectives have little or nothing whatever to do with the welfare and needs of the everyday people. The real definition of ‘austerity’ means nothing more than corporate fleecing of the common people while enriching themselves. Thus, the elite of the banks and other huge corporations perpetuate the systemic myth that what is beneficial for them is somehow beneficial for everyday people. Overwhelmingly, it is not.

So should, and in fact does, the current economic turmoil and pain of the everyday people in Greece really matter to everyday people here in the United States, and other parts of the world? Absolutely! Moreover, simply concentrating on whether or not Greece stays in or departs from the European Union is missing the point. Nor is this systemic debacle limited to the European Union. The real point is that this economic debacle is also POLITICAL, and it is both SYSTEMIC and it is GLOBAL. Will what is happening in Greece spread to other nations such as Ireland, Portugal, and Spain, etc? Of course! The tell tale signs have already begun in varying forms, including in the United States itself. The only viable remedy is to change the system itself in favor of everyday people, not of the bloated and ostentatious rich. One does not have to be an economist or clairvoyant to see the obvious for what it is. One need merely pay attention, and utilize common sense.

Systemically propping up the elite of the banks and corporations while demanding so-called ‘austerity’ from the middle classes (what’s left of them) and poor are clear POLITICAL decisions and actions, and is nothing short of CRIMINAL … //

… This is a part of humanity’s global struggle for equity and political and economic justice. Even as the U.S. corporate-stream ‘news’ attempts to constantly distract us, and distort and omit what is actually occurring both nationally and internationally—we must continue to stay focused on linking the issues locally, nationally, and internationally. Let us remember the words of Malcolm X, when he spoke of “the clash between those who want freedom, justice, and equality for everyone and those who want to continue the system of exploitation.” This is a collective and global, land protracted struggle.

Come now, each one, reach one. Each one, teach one. Onward, then, my sisters and brothers. Onward
(full text).

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