The end of savage capitalism
Goodbye, American neoliberalism. A new era is here.
The neoliberal era in the United States ended with a neofascist bang. The political triumph of Donald Trump shattered the establishments in the Democratic and Republican parties – both wedded to the rule of Big Money and to the reign of meretricious politicians.
The Bush and Clinton dynasties were destroyed by the media-saturated lure of the pseudo-populist billionaire with narcissist sensibilities and ugly, fascist proclivities. The monumental election of Trump was a desperate and xenophobic cry of human hearts for a way out from under the devastation of a disintegrating neoliberal order – a nostalgic return to an imaginary past of greatness.
White working- and middle-class fellow citizens – out of anger and anguish – rejected the economic neglect of neoliberal policies and the self-righteous arrogance of elites. Yet these same citizens also supported a candidate who appeared to blame their social misery on minorities, and who alienated Mexican immigrants, Muslims, black people, Jews, gay people, women and China in the process.
This lethal fusion of economic insecurity and cultural scapegoating brought neoliberalism to its knees. In short, the abysmal failure of the Democratic party to speak to the arrested mobility and escalating poverty of working people unleashed a hate-filled populism and protectionism that threaten to tear apart the fragile fiber of what is left of US democracy. And since the most explosive fault lines in present-day America are first and foremost racial, then gender, homophobic, ethnic and religious, we gird ourselves for a frightening future.
What is to be done? First we must try to tell the truth and a condition of truth is to allow suffering to speak. For 40 years, neoliberals lived in a world of denial and indifference to the suffering of poor and working people and obsessed with the spectacle of success. Second we must bear witness to justice. We must ground our truth-telling in a willingness to suffer and sacrifice as we resist domination. Third we must remember courageous exemplars like Martin Luther King Jr, who provide moral and spiritual inspiration as we build multiracial alliances to combat poverty and xenophobia, Wall Street crimes and war crimes, global warming and police abuse – and to protect precious rights and liberties.
The age of Obama was the last gasp of neoliberalism. Despite some progressive words and symbolic gestures, Obama chose to ignore Wall Street crimes, reject bailouts for homeowners, oversee growing inequality and facilitate war crimes like US drones killing innocent civilians abroad.
Rightwing attacks on Obama – and Trump-inspired racist hatred of him – have made it nearly impossible to hear the progressive critiques of Obama. The president has been reluctant to target black suffering – be it in overcrowded prisons, decrepit schools or declining workplaces. Yet, despite that, we get celebrations of the neoliberal status quo couched in racial symbolism and personal legacy. Meanwhile, poor and working class citizens of all colors have continued to suffer in relative silence.
In this sense, Trump’s election was enabled by the neoliberal policies of the Clintons and Obama that overlooked the plight of our most vulnerable citizens. The progressive populism of Bernie Sanders nearly toppled the establishment of the Democratic party but Clinton and Obama came to the rescue to preserve the status quo. And I do believe Sanders would have beat Trump to avert this
In this bleak moment, we must inspire each other driven by a democratic soulcraft of integrity, courage, empathy and a mature sense of history – even as it seems our democracy is slipping away.
We must not turn away from the forgotten people of US foreign policy – such as Palestinians under Israeli occupation, Yemen’s civilians killed by US-sponsored Saudi troops or Africans subject to expanding US military presence.
As one whose great family and people survived and thrived through slavery, Jim Crow and lynching, Trump’s neofascist rhetoric and predictable authoritarian reign is just another ugly moment that calls forth the best of who we are and what we can do.
For us in these times, to even have hope is too abstract, too detached, too spectatorial. Instead we must be a hope, a participant and a force for good as we face this catastrophe.
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font redaction https://www.theguardian.com/commentisfree/2016/nov/17/american-neoliberalism-cornel-west-2016-election
neoliberal system broken, leads to city, state and country to bankruptcy .
A breakdown bankrupt city: Detroit declares fiscal emergency as it faces is largest city in the United States under state control
Michigan Governor said that if the fortunes of Detroit suddenly and miraculously improve, it will appoint an emergency manager to take control of the troubled city that was once one of the most successful production centers.
In 1950, Detroit had 1.8 million people, a number that dropped
to 713,000 people by 2010. Parts of the city are bankrupt now abandoned and deserted, a target for vandals and asset strippers that remove copper roofs and precious materials from buildings that once employed thousands.
If the governor is acting on its project, Detroit became the largest city in the United States to have its finances under state control.
"In many ways, I now describe as both a sad day ... that there is a financial emergency in Detroit, but also a day of optimism and promise, for it is time to start go ahead and solve these problems, "Rick Snyder told The Associated Press before a community forum at Wayne State University.
Sorry: General Motors Fisher body abandoned factory # 21 in Detroit, Michigan. On Friday, Gov. Rick Snyder declared a financial emergency for the city of Detroit
Broken: A building on Grand River Avenue ad house for sale for $ 1,500
Damage: The Packard automobile factory abandoned the luxury cars are produced
Look Back: A review team first examined the books of Detroit in December 2011, but stopped short of declaring a financial emergency
Messages explicit texts made public in 2008 revealed the sordid affairs and other shenanigans by the city and Mayor Kwame Kilpatrick-, leading to criminal charges and possible prison sentences for him.
The 2010 census revealed that Detroit - which was once the symbol of American progress and held great political power through the auto industry - had lost a quarter of a million people during the previous decade.
An undermanned police force and underpaid sometimes seems overwhelmed by the high rate of violent crime in the city, and the murder rate is on the rise.
Snyder said he expects an emergency manager to get to work immediately once appointed.
"It took 50 or 60 years to get in this situation, so it overnight turnaround," Snyder told the AP. "I hope there are more things at hand fruit that can be done fairly quickly begin to show there is a difference happens. "
population decline: The 2010 census revealed that Detroit had lost a quarter of a million people during the previous decade
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AMA PAPERS THE LEAK IS NEVER HAPPENED BEFORE 11.5M DATABASE FILES OF THE FIRM FOURTH LARGEST OFFSHORE LAW IN THE WORLD, MOSSACK FONSECA. THE RECORDS OBTAINED FROM ANONYMOUS SOURCE BY THE GERMAN PRESS SÜDDEUTSCHE ZEITUNG , WHICH TOGETHER WITH THEIR CONSORTIUM INTERNATIONAL REVIEW JOURNALIST (ICIJ).THE ICIJ THEN THEY TOGETHER WITH THE NETWORK OF INTERNATIONAL PARTNERS, INCLUDING THE GUARDIAN AND BBC.
WHAT THEY REVEAL?
The documents show the various ways in which the rich can exploit secretive offshore tax regime. Twelve leaders were among 143 politicians, their families and friends from around the world are known to have used offshore tax havens.
A $ 2bn trail leads all the way to Vladimir Putin. Friends of the best Russian president - cellist named Sergei Roldugin - is at the heart of a scheme where money from the banks of the Russian government's hidden offshore. Some of it ends up in the ski resort where in 2013 she married Katerina Putin.
Among the leaders of countries with offshore wealth is Nawaz Sharif, Prime Minister of Pakistan; Ayad Allawi, the former interim prime minister and former vice president of Iraq; Petro Poroshenko, President of Ukraine; Alaa Mubarak, son of the former president of Egypt and Prime Minister of Iceland, Sigmundur David Gunnlaugsson .
Offshore investment fund run by the father of British Prime Minister David Cameron avoided ever having to pay tax in Britain by hiring a small army of people of the Bahamas signed the paperwork. The Fund has been registered with HM Revenue and Customs since its inception and has filed a detailed tax returns each year.
An overview lengthier with verses that can be found here .
MOSSACK FONSECA WHAT?
It is a law firm based in Panama that include combining services companies in offshore jurisdictions such as the British Virgin Islands. It administers the offshore company for an annual fee. Other services include wealth management.
WHERE IS IT BASED?
The company is operating in Panama but throughout the world. Site that has a global network with 600 people working in 42 countries. It has franchises all over the world, in which allies of separate registering new subscribers and has the exclusive right to use the brand. Mossack Fonseca operate in the area of tax havens including Switzerland, Cyprus and the British Virgin Islands, and the British crown dependencies of Guernsey, Jersey and the Isle of Man.
HOW MUCH OF IT?
Mossack Fonseca is the world's fourth largest supplier of offshore services.He has acted for companies of more than 300,000. There is a strong relation UK. More than half of the companies registered in tax havens British-administered, and also in the UK alone.
HOW MUCH DATA WAS LEAKING?
Many. This leakage is one of the largest - bigger than the US diplomatic cable released by WikiLeaks in 2010 , and the documents secret intelligence provided to reporters by Edward Snowden in 2013 . There are 11.5 million documents and 2.6 terabytes of information taken from an internal database Mossack Fonseca data.
EVERYONE IS USING THE OFFSHORE STRUCTURE OF CROOKS?
No. Using an offshore structure is completely legal. There are many valid reasons to do business demikian.Ahli in countries such as Russia and Ukraine are usually put their assets offshore to defend them from the "invasion" by criminals, and to get around strict currency restrictions.Others use offshore for reasons of inheritance and estate planning.
NUMBER OF PEOPLE USING THE OFFSHORE STRUCTURE OF CROOKS?
Yes. In his speech last year in Singapore, David Cameron said that "corruption, criminals and money launderers' taking advantage of the structure is anonymous. The government is trying to do something about this. It wants to set up a central register which will reveal the beneficial owner of the offshore company . From June, the companies have to disclose their UK owners of "important" for the first time.
MOSSACK FONSECA WHAT TO SAY ABOUT THIS LEAK?
The firm will not discuss specific cases of alleged misconduct, citing client confidentiality. But he strongly defended their actions . Mossack Fonseca said he was law-abiding anti-money laundering and carry out thorough due diligence on all clients. He said he regretted any misuse of its services and is actively trying to avoid it. The firm said it could not be blamed for the failure by the intermediaries, including banks, law firms and accountants.
Panama Papers Team report Juliette Garside, Luke Harding, Holly Watt, David Pegg, Helena Bengtsson, Simon Bowers, Owen Gibson and Nick Hopkins
font editor theguardian.com/news/2016/apr/03/what-you-need-to-know-about-the-panama-papers
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Switzerland - black money and dirty laundry
At home with Roma: Barefoot but still radiant, poor families who eke out an existence in remote villages in Romania
- Ponorata Roma community in northern Romania is home to about 500 people but did not show up on the map
- Some residents have access to electricity and more than 90 percent of them are unemployed and illiterate
- Romania is home to about two million Roma and until the end of the 19th century most were kept as slaves
It does not appear on any map, is hardly visited by the authorities and the people live in almost medieval conditions.
However Ponorata village in northern Romania is home to about 500 Roma, who eke out an existence in abject poverty and squalor that is almost unimaginable in Europe.
Some have access to electricity and over 90 percent of them are illiterate and unemployed.They survive by finding food in the region, government support and labor weekdays.
Poverty: Sorina Prodan holding the child in the settlement of abjectly poor Roma Ponorata.Sesetengah 400-500 Roma living in rural settlements, which do not appear on maps
Requirements Medieval: Roma stop for pictures while riding their horse drawn carriages, which for many
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font editor dailymail.co.uk/news/article-2424296/At-home-Roma-Remote-villages-people-struggle-terrible-poverty-continue-traditional-way-life.html
Inequality in Latin America: Chasm Grows Between Rich and Poor
In several Latin American countries, the rich are growing richer while growing numbers of people remain mired in poverty.
Despite the efforts of leftist governments in the region to alleviate the poverty of the masses in Latin America and ensure new social contracts guaranteeing dignified living conditions to workers and the poor, the region as a whole remains one of the most unequal in the world—second only to Africa.
According to the World Bank, five Latin American countries rank among the 14 countries which suffer from major inequality. These countries include Honduras (6), Colombia (7), Brazil (8), Guatemala (9), Panama (10) and Chile (14). The countries were ranked according to the Gini coefficient—a figure that measures inequality in a given country by evaluating the distribution of family income.
teleSUR takes a look at the stark disparities in wealth and well-being felt in a region that remains plagued by corporate exploitation, a lack of workers' rights and social benefits, and economic subservience to the wealthy centers of global capitalism.
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Published 14 June 2016
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font redaction http://www.telesurtv.net/english/multimedia/unequallatam-20160614-0025.html
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