Privatisierung

Argentina is a big and beautiful country full of well educated civilized people.

It is very tragic that the paradise is hold hostage by U$-Dollars.

When it comes to debt – there need to be biblical “every 7 years we slash the debt in half” – methods or it will never work.

Look at Greece vs Portugal.

Greece = implements austerity = economy crashes = massive poverty and right-wing parties gain ground.

Portugal = implements only 10% of the austerity measures the IMF wants = economy and the people are cautiously optimistic 🙂

What way would you chose?

When the IMF – on purpose – crashes economies of countries around the world – so investors can shop real estate, companies and infrastructure cheap.

Chinese investors bought a Greek harbor.

During Macri’s first year, economic recovery was slow. Unemployment and inflation remained high and growth did not come as expected.[96] Kirchner’s Careful Pricing price-control program, which benefited small and medium-sized enterprises, was kept with a revision of its included products. The government began several public-works projects to stimulate the economy and help the construction sector.[97] Political intervention in the INDEC figures ended, and the International Monetary Fund (IMF) declared in November 2016 that Argentine statistics were again in accordance with international standards.[98] The Organisation for Economic Co-operation and Development (OECD) estimated that Argentina would emerge from recession in 2017 or 2018, and lowered its country risk classification from seven points to six.[99]

The economy worsened in 2018: inflation remained high, due in part to a trade deficit. The production of soy, the country’s main export, had been reduced by a drought which was among the worst natural disasters in the world that year.[100] The US Federal Reserve increased its interest rates, which raised the price of the US dollar against other currencies.[101] The Central Bank of Argentina increased the interest rate to 60 percent, but could not hold off inflation.[102]

Macri announced on 8 May that Argentina would seek a loan from the IMF.

The initial loan was US$50bn.[103] Federico Sturzenegger, president of the Central Bank, resigned a week later.

Macri replaced him with Luis Caputo, and merged the ministries of treasury and finances into a single ministry led by Nicolás Dujovne.[104] The US–Turkey diplomatic conflict caused a new increase on the US dollar. As a result of the crisis, the tariffs on soy exports were restored. Caputo resigned, and Guido Sandleris replaced him as president of the Central Bank.[105] The IMF expanded the loan with an extra 7 billion, on the condition that the Central Bank would only adjust the price of the peso against the US dollar under certain conditions. The 2019 budget reduced some expenditures and increased some taxes, in order to completely avoid a deficit.[106]

https://en.wikipedia.org/wiki/Mauricio_Macri

“Argentina asks IMF to release $50bn loan as crisis worsens”. BBC. 30 August 2018. Archived from the original on 24 November 2018. Retrieved 11 March 2019.

https://en.wikipedia.org/wiki/Federico_Sturzenegger

2014: “The fate of Argentina’s economy now rests on its ability to resolve a dispute with a group of bondholders led by a multibillion-dollar hedge fund.”

https://www.newsweek.com/argentina-faces-default-talks-hedge-funds-break-down-256885

2015: “Ruling leaves massive debt for next Argentina government”

https://news.yahoo.com/ruling-leaves-massive-debt-next-argentina-government-233025455.html

the problem is that (the current form) of capitalism systematically:

  • fosters dependencies (oil, electricity, “this law says i may charge you $X€ per year”)
  • rather than the independence of people
  • the real revolution would be to gain back your independence from dependencies on monopolies
    • this would be the real alternative
    • you have a right to own land – 30.000 square feet / 10.000 square meters
White nationalists, neo-Nazis and members of the “alt-right” face off against counterprotesters during the “Unite the Right” rally on Saturday in 2017: Charlottesville, Virginia, USA

… so the poorest fight among each other.

 

“The Chinese have proven the effectiveness of their public banking system in supporting their industries and their workers”

“Japan proposed its model for the former communist countries, and many began looking to it and to South Korea as viable alternatives to the U.S. free-market system. State-guided capitalism provided for the general welfare without destroying capitalist incentive.

Engdahl wrote:”

“The Tiger economies were a major embarrassment to the IMF free-market model.

Their very success in blending private enterprise with a strong state economic role was a threat to the IMF free-market agenda.

So long as the Tigers appeared to succeed with a model based on a strong state role, the former communist states and others could argue against taking the extreme IMF course.

In east Asia during the 1980s, economic growth rates of 7-8 per cent per year, rising social security, universal education and a high worker productivity were all backed by state guidance and planning, albeit in a market economy – an Asian form of benevolent paternalism.”

source:

Neoliberalism Has Met Its Match in China

“US decision to impose added tariffs on more than $300 billion of China trade, and the US Treasury declaring China a “currency manipulator”, global financial markets have reacted with sharp selling.” (source)

Comment:

Of course – China is not a democracy.

Chinese people – but also Europeans – do not enjoy the (sometimes insane) freedoms (of buying shotguns at supermarkets) that US people have (if they would have the money… but private banks can not fund limitless US consumerism).

But yes – less freedom in China – more state control and surveillance, but that is an “official” fact.

An “unofficial” fact is: that western democracies simply do not care about their own laws and engage in mass surveillance unlawfully.

Western politicians make decisions not only against the will of the public – but also to the damage of the public – the average Joe and Jill – in order to exploit exploit and enrich a small elite that can afford lobbyists (the already rich and big companies).

Both “systems” try to manipulate their citizens with propaganda and state created terrorist attacks.

Both systems fail to keep speculation bubbles (housing bubbles) under control.

Housing is essential for people to survive and if they have to spend more than 30% on rent – it is not only unfair and exploitation, it is creating housing bubbles – one that the world has seen burst in 2008/2009 subprime crisis.

Nobody wants to see this happening again but too little is done by politics to prevent it.

In London 40.000 flats and houses remain empty, they are simply for parking the money of the super rich.

In Germany real estate speculations have caused people to leave their home towns and “wander around” because they can not afford the housing anymore in Munich.

Wages are rising in China – not so much in the Western Worlds.

the heart of the issue is a fundamental good that has been driving social and economic inequality for centuries: real estate. https://www.project-syndicate.org/commentary/inequality-global-city-real-estate-by-harold-james-2019-08
the heart of the issue is a fundamental good that has been driving social and economic inequality for centuries: real estate. https://www.project-syndicate.org/commentary/inequality-global-city-real-estate-by-harold-james-2019-08

Bank of North Dakota:

But to have a public bank (at least one) is a good idea.

There would be no Solar Panels in Germany without a public bank.

So, why does “The West” not want to learn and stay a stubborn kid forever?

always ask: Cui bono? = Who profits?

Who profits from:

  • “free market” in all it’s meaning
    • complete dependence on private Banks for private loans
    • abolishment of all (trade) barriers (United States of Europe)
    • companies competing to the death, going bankrupt (to buy them cheap)?

One answer: The super rich – that own the large companies, the monopolists.

https://www.statista.com/statistics/263264/top-companies-in-the-world-by-market-value/
https://www.statista.com/statistics/263264/top-companies-in-the-world-by-market-value/

http://www.williamengdahl.com/