In EU today the ‘austerity’ measures are destroying national economies making it impossible for them to ever to pay back those debts created by banksters of virtual economy and their political cabals. At grassroots people have become the victim of parasitic credit capitalism and its unelected institutions. Neoliberal capitalism has been winning ground last 30 years. During last five years emergency economics has made it possible to replace democracy with debtocracy. EU and especially Eurozone today is in condition which was recognized by Abraham Lincoln already one and half century ago as follows:
“I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands and the republic is destroyed.”
EU elite today does not see any alternatives to its only right policy. Lincoln had the opposite approach and he saw an alternative to the corrupt money power:
“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principals the taxpayers will be saving immense sums of interest. Money will cease to be master, and become the servant of humanity.”
So in this way said Lincoln – an U.S. Republican. Coming back to present-day EU I see two dominating trends among EU leaders: First is to cut losses of players in virtual economy at the expense of taxpayers and the second is to guide EU towards strict federation at the expense of democracy. Change to this is needed for saving 99 % of people instead saving profits of the rest one per cent. With today’s strategy there is a risk that the combination of economic insecurity and political paralysis has been recipe for an increase in extremism and xenophobia. It is slow motion death spiral of economic collapse. That is the base to my view that people and the real world should be the first priority and not virtual economy, fiscal system, euro or EU elite. In my opinion it is time to whistle game out, collect losses and start new game in Day after Euro/EU context.
The best scenario from my point of view could be some kind of EU Lite version. A bit of similar ”privileged partnership” agreement than planed with Turkey (to keep it out from EU). EU Lite should be build simply to EU’s early basics as economical cooperation area including a customs union, the EU tariff band, competition etc linked to idea of the Common Market. EU Lite could also apply a structure of Confederation. Federalist intentions, the EU puppet parliament and the most of EU bureaucracy should from my point of view put in litter basket together with high-flown statements and other nonsense. In my opinion average citizen does not need EU to decide how wide tires one have in tractor or how big curve bananas can have. Most topics can more democratic way be handled at national level. For international affairs – e.g climachange, civil liberties, development aid – there are lot of official forums as well NGO-cooperation.
Even I sited Lincoln above I see some benefits with confederalist view in new desirable politics. Policy-making starts from community assemblies based on the practices of participatory democracy and continues further by interlinking villages, towns, neighborhoods, and cities into confederal networks. Power thus flows from the bottom up instead of from the top down like today. With critical issues – such as human rights, civil liberties, international policy etc political units can adopt a common constitution while the task of central governments would be providing support for all members. Democratic confederalism is based on grass-roots participation. Its decision-making processes lie with the communities; in conclusion my vision is decentralized society a network of directly democratic citizens’ assemblies in individual communities/cities organized in a confederal fashion.
Sure the scenario above can be seen as utopistic – however from my perspective the process or moving towards that Utopia is the core question.
My bottom line:
- People first system after
- Power flow from the bottom up
- Money for the people not the banks
- From private to public money creation
- Real economy instead of virtual economy
- Investor risk instead of taxpayers risk
Related to Eurozone crisis some background in my article
as well in article