Showing posts with label “Globalization of Poverty”.. Show all posts
Showing posts with label “Globalization of Poverty”.. Show all posts

Saturday, 9 October 2021

Ian Jenkins: “George Monbiot’s Far-Right Projection”

 October 8, 2021

image via Off Guardian

Absolutely brilliant article by Ian Jenkins, published at Off Guardian.

“George Monbiot is shocked.

But what has shocked George is not the rising tide of poverty and starvation in the world or the unprecedented transfer of wealth to a tiny number of oligarchs.

He is not shocked by the practical collapse of the rule of law or by the brutal actions of police officers in nations claiming to be liberal democracies.

It is possible that these things shock him as well, but if so, there is no sign of this in his recent article for the Guardian.

No. Monbiot is shocked by “leftwingers” being “lured” to the “far right” by “conspiracy theories” in the context of resistance to state measures in relation to Covid-19, including opposition to lockdowns, removal of basic civil rights, mass vaccination with experimental mRNA technology and the prospect of vaccine “passes” or even mandatory vaccination.

In employing these terms Monbiot’s article is a distillation of the familiar techniques used to attack dissenting voices on Covid during the past 18 months and for a considerably longer time on other issues such as climate change, Brexit and globalisation.

This form of attack –always in defence of dominant or mainstream narratives and the actions of governments and their corporate “partners” and always expressed in terms of “concern” – employs pejorative terms such as “far right”, “white supremacist” without defining them adequately or at all.

We are never asked to consider what we understand by the term “far right” or how the label “conspiracy theory” – itself a category with a fascinating back story and history for employment by state powers to attack critics and deflect legitimate questioning – is being used and no attempt is made to define where the line lies between legitimate questions and analysis and more fantastical or “extremist” explanations of events.

A detailed discussion of these terms goes beyond the remit of this response to Monbiot’s article – but it is worth noting that, as would be expected, they are not defined with any clarity by Monbiot.

[Eva’s note: This is precisely what this immoral shill did re matters Syria: Smeared those of us who took principled stances against the war on Syria, called us names “genocide deniers”, “conspiracy theorists”, etc…, and served the dominant narratives & their murderous agenda in Syria.]

However, regardless of what he means by these labels, his piece is so fundamentally based on logically fallacies and so scattergun in the way he employs them that it is sufficient to confront his claims on their own lack of coherence.

Monbiot opens his article with an anecdotal warning that acquaintances of his within the “countercultural movements where my sympathies lie” are “dropping like flies” from the deadly plague of Covid.

This opens of the question of how this assertion matches current data and whether Monbiot’s experience matches those of the public at large.

Whether this perception of sweeping pestilence is borne out by statistics or not, Monbiot states that this is not a general plague, visited randomly on all such acquaintances, but is one only affecting those with “anti-vax” beliefs.

These are the crazy folk advocating outlandish ideas like the benefits of “natural immunity” (which Monbiot places in scare quotes, presumably in case his readers might think that the human immune system was a real thing) or “denouncing vaccines and refusing to take the precautions that apply to lesser mortals”.

As a result of their sins against “the Science”, regardless of readily available statistics on the inefficacy of these “precautions”, some have been hospitalised Monbiot tells us – though where this is happening and due what underlying or operating causes is unclear.

It is worth noting at this point that Monbiot is at pains throughout this article to locate himself as part of a “counterculture” or “alternative scene” while devoting the entire piece to repeating mainstream narratives and attacking those who oppose them.

Quite how a Brasenose-educated mainstream journalist (whose previous “activism” earned him a visiting fellowship at Oxford’s Green College at the behest of a former UK ambassador to the UN) qualifies as a figure on the “alternative scene” is a question that could quite legitimately be asked.

Not content to bemoan that his “countercultural” acquaintances are putting their own lives at risk – Monbiot then accuses them of “actively threatening the lives of others”.

This shifts these non-complying leftists from a state of recklessness regarding their own health and into the realm of criminal intent.

This is a technique that anyone who has been questioning the mainstream Covid narrative will be familiar with – having spent 18 months being accused of wanting to kill grannies and murder the vulnerable: even in the face of mounting evidence that it is the state that has been engaged in the culling of these groups and which has certainly been responsible for their immiseration.

The thought process for this imputation of homicidal intent runs like this: masks, lockdowns and vaccines prevent transmission, transmission equals disease and disease equals death.

There is, of course, ample scientific evidence to question each stage of this chain of causation [see here], but Monbiot merely asserts each causal step as unassailable truth sufficient to impute murderous intent to all who fail to comply with the edicts of the biosecurity state.

It could be said in response that it would be possible to lay similar accusation of “threatening the lives of others” against those, like Monbiot himself, who advance the ideology of “net zero” – which would likely result in innumerable deaths from starvation and exposure to cold – but that would be to adopt the tactics of one’s opponent and as Marcus Aurelius put it – “the best revenge is not to be like your enemy”.

Having attributed murderous intent on those holding “anti-vax beliefs” Monbiot now casts his net wider to bemoan the passage of “conspiracy theories travelling smoothly from right to left”, including the claims of “white supremacists”, which he states the misguided children of the left are repeating without knowing their origin.

Monbiot does not trouble himself to identify the nature of these white supremacist claims before moving swiftly on to decry the tragic situation in which:

hippies who once sought to build communities [are] sharing the memes of extreme individualism […] spreading QAnon lies and muttering about a conspiracy against Donald Trump

And bemoan that:

the old boundaries have broken down, and the most unlikely people have become susceptible to rightwing extremism”.

There is no attempt to define what is meant by “rightwing extremism” at this point, with Monbiot finding it sufficient to present anecdotal evidence of muttering QAnon hippies – a group I must confess to have never encountered in the ranks of those opposing the Covid agenda, where the QAnon psyop is more likely to be mocked than embraced.

The reader is left none the wiser as to what “extreme individualism” means either. Maybe these “hippies” are inventing their own personal languages or choosing to live as hermits?

But despite the absence of any concrete examples that might act as a warning to the unwary, Monbiot is still concerned that this is a sign of something going “badly wrong in parts of the alternative scene”.

In fact, Monbiot is merely employing the fallacy of composition – the logical fallacy so beloved of many on the modern so-called “left”, in which an entire, highly diverse, group of people advancing versions of a particular idea can be represented by the most extreme individuals also advancing that idea.

Presumably what we are to believe here is that if a Qanon placard, hastily scrawled in crayon by some fringe nutter, is sighted at a protest or if some misguided basement-dweller comments on a Facebook thread then all attending the protest or commenting on the thread are of one mind with these outliers.

Such shoddy thinking has been the mainstay of those employing agents provocateur to discredit movements and campaigns in the past.

It is at this point – perhaps inevitably given the general adherence to Godwin’s Law amongst his milieu – that Monbiot, in an attempt to tie the ideas of these misguided counter-culturalists to the “far-right”, embarks on a rather woolly, cherry-picking and historically inaccurate identification of an “overlap” between “new age” and “far-right” ideas – specifically with Nazi ideology.

There has long been an overlap between certain new age and far-right ideas. The Nazis embraced astrology, pagan festivals, organic farming, forest conservation, ecological education and nature worship.

Monbiot draws attention to the Nazis’ embrace of “pagan festivals, organic farming, forest conservation, ecological education and nature worship”. But then seemingly not quite sure where he is going with this line of thought, and perhaps perceiving the possibility that as a “green” activist himself he is in danger of associating himself with Nazi ideology, he quickly regroups and states that the Nazis also…

promoted homeopathy and “natural healing”, and tended to resist vaccination.

At this point, Monbiot at least has the decency to point out that just because someone believes in natural medicine and ecology, they are not necessarily a Nazi, which is very good of him and is no doubt a comfort to many of his readers who would identify themselves as being part of the Green movement.

However, it is what Monbiot fails to say about the Nazis that is most telling.

After all, at the Nuremberg Trials, it was not homeopathic practitioners who stood trial for crimes against humanity, it was the allopathic doctors who had carried out medical experiments on the inmates of concentration camps.

And the Nuremberg Code did not set out prohibitions against “natural healing”, but rather against the administration of experimental pharmaceutical products to individuals without their informed consent.

Monbiot also fails to address the Nazi belief in population reduction as central to their views of ecology – especially the targeted removal of those deemed to be inferior and whose presence within the borders of the Third Reich was routinely represented as that of vectors of infection, an unclean influence endangering the health of the Good Germans.

It would not be difficult to find echoes of this Malthusian and eugenicist philosophy today – but Monbiot fails to do so.

It is quite a feat to take the example of the centralised totalitarian state of the Third Reich, obsessed as it was with racial purity, racial “hygiene” and conformity through the process of Gleichschaltung (coordination of all arms of the state around central narratives), and associate it with those who have concerns about matters such as individual rights, the Rule of Law and constitutionality.

Is Monbiot unaware that Nazi ideology was diametrically opposed to these values?

Monbiot also points to a process by which European fascists sought to reinvent themselves in the 1960s and 70s by entering the ecological movement to promote ideas such as ethnic separatism or indigenous autonomy. Though he again fails to explain where, and by whom, these ideas are being raised in the current situation.

Monbiot frames the anti-vaccine movement as:

a highly effective channel for the penetration of far-right ideas into leftwing countercultures”.

He then goes on to provide possibly the most bizarre non-example of this that could be imagined – even in a piece as poorly constructed and logically fragile as this – citing the invitation of “anti-vaxxer”, and well-known liberal, Robert F. Kennedy Jnr to the Trump Whitehouse as his example.

For several years, anti-vax has straddled the green left and the far right. Trump flirted with it, at one point inviting the anti-vaxxer Robert F Kennedy Jr to chair a “commission on vaccination safety and scientific integrity”.

One is left wondering at this point whether Monbiot even knows who RFK Jnr is – surely he does – and how on earth he thought this example would be the best one to present to a Guardianista audience (who still see Trump as the personification of right-wing evil), as evidence of right-wing “anti-vaxxers” influencing the left.

Monbiot’s article now dissolves into an ill-defined attack on ‘conspiracy theories’, which he claims are bolstered by Facebook directing vaccine hesitant people towards “far-right conspiracy” groups.

None of these alleged right-wing groups are named or their views described, with Monbiot being content, to:

  • a) make a link, without evidence, between “wellness” movements and antisemitism
  • b) mock the idea of bodily sovereignty (without defining or arguing this as a legal and/or ethical concept) and
  • c) make a vague derogatory reference to beliefs in a “shadowy cabal … trying to deprive us of autonomy”.

Here Monbiot blurs the concept of some form of biological purity with the legal idea of bodily sovereignty, a piece of linguistic and conceptual legerdemain that he employs again later in his conclusion.

To be fair, in his talk of “shadowy cabals” Monbiot doesn’t mention pan-dimensional lizards or the Illuminati – but he may have just run out space to include these.

He is also not clear on where there leads people criticising high-profile globalist organisations such as the World Economic Forum – who far from being “shadowy” publish all of their plans on a glossy website and upload talks and panel discussions from their glitzy annual meetings at Davos.

Of the censorship of legitimate opinion on Facebook, which will be far more familiar to most than being steered to a neo-Nazi group, Monbiot makes no mention.

Monbiot then surrenders any pretence at argument and reminds the reader that they “should never discount the role of sheer bloody idiocy” amongst critics of the biosecurity state and brings up the “Pureblood” meme.

There’s a temptation to overthink this, and we should never discount the role of sheer bloody idiocy. Some anti-vaxxers are now calling themselves “purebloods”, a term that should send a chill through anyone even vaguely acquainted with 20th-century history.

If you are unfamiliar with this fringe social media phenomena, it is one in which the unvaccinated borrow a term from Harry Potter to distinguish themselves from those who have received an mRNA injection. This is, without doubt, a distasteful and counterproductive meme – though its origin is difficult to establish – and provides an open goal for Monbiot (and others) to link those opposing vaccine mandates with the racial pseudoscience of the Nazis.

Ironically here Monbiot states that one cannot expect people this stupid to “detect the echo of the Nuremberg laws”, while being completely blind himself to the other striking contemporary echoes of these discriminatory laws.

It is clear that the current parallels with the Nuremberg Laws do not proceed from those using the “Pureblood” label, who do not seem in any way interested in discriminating against the vaccinated or in excluding them from normal participation in society or from accessing basic services.

In addition, though quick to raise the spectre of the Nuremberg Laws, it is worth observing that Monbiot appears have no interest whatsoever in the Nuremberg Code.

It is in the next section of his article that Monbiot comes closest to touching on something approaching truth, as he describes, without explicitly stating it to be the case, the breakdown in the relevance of a left/right divide experienced by so many over the past 18 months.

I believe this synthesis of left-alternative and rightwing cultures has been accelerated by despondency, confusion and betrayal […] there has been an almost perfect language swap. Parties that once belonged on the left talk about security and stability while those on the right talk of liberation and revolt.

He accurately describes the disillusionment of many who would have considered themselves to be on the ‘left’ as they watched “left-ish” political parties become acquiescent or even supportive of corporate power, while a libertarian right has arisen which rails against excessive corporate control, resulting in what he describes as a “perfect language swap” in which “parties that once belonged on the left talk about security and stability while those on the right talk of liberation and revolt”.

Putting aside the complete lack of evidence for this in the actions and language of the Conservative Party that governs his own country – there is still some truth to what Monbiot says here. In the past 18 months the most unquestioning and aggressive support for Covid policy has been found on the left, a position Monbiot proves as eager to defend as any other member of the “Lockdown Left” – as they have come to be known by many disappointed and outraged people of the left (myself included).

Monbiot then seeks to utilise necessity, the “tyrants plea” as Milton put it, to override the objections that some on the left may have to the criminal record of Big Pharma or their potential revulsion at the “coercive political control” of the responses to Covid.

Mass vaccination is “needed” and lockdown and other measures are “required to prevent Covid-19 spreading” – though ample data points to none of this being the case.

He then extends this free pass to tyranny to the fight against “climate breakdown” and the “collapse of biodiversity”, which he tells his reader have made “powerful agreements struck by governments” necessary – something which he admits can be hard to swallow for a left, particularly an environmental left, resistant to such power plays and instead focused on the “local and the homespun”.

Doubtless such cottage industry approaches to the environment do exist, but there is also a multi-billion dollar oligarch-funded environmental lobbying and PR industry which promotes the case for heavy-handed and society-changing ‘climate action’, and which has brought to the attention of the world such pre-fabricated prophets of doom as Greta Thunberg and funded astroturf movements such as Extinction Rebellion.

Notably Monbiot makes no mention of this whatsoever.

Feeling that he has made his case – though in fact no case has been made at all – Monbiot now arrives at his solutions, which he finds in the “hippie principle” of “balance”. (Though quite where this principle is expressed and who the particular “hippies” are Monbiot does not trouble himself to relate).

Monbiot is careful not to lose his “left” audience at this point, and emphasises that this “hippie principle” is not the ”compromised, submissive doctrine that calls itself centrism” as this leads to “extreme outcomes” such as the “Iraq war, endless economic growth and ecological disaster”.

Instead, he proposes the “balance between competing values in which true radicalism is to be found”.

Remarkably he locates this “balance” in “reason and warmth, empiricism and empathy, liberty and consideration” having demonstrated scant evidence of any of these values throughout the rest of his article.

Presumably it’s this ‘reason, warmth etc ‘ that leads to outcomes such as curtailment of civil liberties, mandatory vaccination and depopulation through pursuit of utopian goals such as zero carbon.

But it is Monbiot’s penultimate paragraph that contains his most dangerous piece of (un)reasoning. We might seek “simplicity” he regretfully opines, like some modern-day Mrs Merdle, but…

the human body, human society and the natural world are phenomenally complex and cannot be easily understood.”

All things which may be true, but which do not imply that we should not seek to understand them.

The conclusion that Monbiot draws from this is chilling:

Life is messy. Bodily and spiritual sovereignty are illusions.

The consequences of this statement cannot be overstressed. If bodily sovereignty is an illusion, where does the bar exist to the intervention of the state or any other coercive force on the individual?

There would, for instance, be no bar to rape, or to forced abortion, sterilisation or any other surgical or medical intervention on the human body.

After all, where there is no sovereignty there can be no consent.

It is to defend the idea of “bodily sovereignty” that the Nuremberg Code was drafted, and it was the discarding of this fundamental ethical concept that gave license to the experiments of Mengele.

Yet Monbiot does not pursue this idea to its logical conclusion, content to dismiss its potentially horrific consequences with a shallow and unsubstantiated statement: “there is no pure essence; we are all mudbloods”.

Here Monbiot, as he does earlier in his article, possibly wilfully, appears to confuse some biological idea of bodily purity (or absence of contamination), to which he attributes connotations of racial purity, with the legal/human rights notion of bodily sovereignty. What he means by “spiritual purity” is, again, anyone’s guess.

Monbiot concludes with a nakedly hypocritical recipe for “enlightenment” as coming from…

long and determined engagement with other people’s findings and other people’s ideas”.

Having displayed absolutely no interest in engaging in any such activities himself. “Self-realisation” he tells us, “requires constant self-questioning” – though he clearly deals in unchallengeable absolutes – and that

true freedom emerges from respect for others”.

Ignoring the inverse case that true tyranny comes from demonising, misrepresenting and disrespecting other people and their views, or by lotting together diverse individuals and ideas under ill-deserved labels such as “far-right” or “conspiracy theorist”.

It is hard to overstress how dangerous the ideas in Monbiot’s article are – a fact made worse by their seeming ubiquity in current mainstream publications and by the casual way they are introduced in relation to a range of issues to discredit legitimate questioning of dominant narratives.

The true danger we face comes not from those on the left being “seduced” by the ideas of the “far right” – a phenomena for which little evidence seems to exist. But rather that anyone would be seduced by the faux-left and superficially “spiritual” and “equitable” concepts offered by Monbiot and others.

Ideas which, when their ill-evidenced assumptions, spurious reasoning and hypocrisy are exposed, potentially light a path to horrendous destinations.”


River to Sea Uprooted Palestinian   
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Blog!

Saturday, 6 March 2021

Sitrep: Eradicating absolute poverty in China

 Sitrep: Eradicating absolute poverty in China

March 03, 2021

By Godfree Roberts – selected from his extensive weekly newsletter : Here Comes China plus editorial notes.

You can get it here:  https://www.herecomeschina.com/#subscribe


The Biggest News

Xi declares ‘complete victory’ in eradicating absolute poverty in China

The final 99 million poor rural Chinese are free of poverty, along with 832 impoverished counties and 128,000 villages. China met the United Nations’ 2030 Sustainable Development  goal 10 years ahead of schedule.

(Ed…)  Xi Jingping took much credit for this and some internal commentators are already calling him a glory hog.  It was the complete Chinese nation that was involved and they say he should leave some of the joy to the rest of the Chinese society who all worked hard at this.

Read full article →

Of course, the empire cannot accept this as a truimph.  According to the Indian commentator, Maitreya Bhakal, empire is in the five stages of grief.

Western media’s five stages of grief at China’s poverty eradication success

Read full article →  


Editorial comment 1:  At the Saker Blog, we’ve noticed and have been discussing in various articles, Russia’s new hard line diplomacy vis a vis Europe, as well as the US.  We see the same trajectory from China, yet it is different.  Here are two examples of the discernable new language from China.  This seems to be a language that is changing on a basis of reciprocity.  If China is accused of human rights violations, they reciprocate exactly.  In example one, they are writing a report on US human rights violations.  In example two, they tweet examples of human rights violations.

Example 1 : China’s upcoming report on US human rights violations shows 2020 ‘a declining point’ of American democracy

Read full article →  

Example 2 –

Editorial comment 2 – The Taiwanese Pineapple Fight.

On this issue, we see an iron fist from China, very directly aimed at the western influenced Taiwanese agitators.  Taiwan grows pineapples, very many pineapples, tons of them.  And they of course sell them to China.  China quarantined Taiwanese pineapple imports into mainland China and gently told them to eat their own pineapples.  This is equal to what they did with Australian wines and now the South African winemakers have taken over this market niche.

These are small steps and in two tiny market segments, but it does look like the time that anyone could dismiss and insult China, may be brought to an end.

This is a early trend that we should take notice of, where countries and parties are going to have to take real responsibility for their very own words and actions.  Very similar to Russia’s latest stance, no?


Back to the Here Comes China Newsletter:

We have a fascinating article that is titled:  “Jack Ma is not the problem“, from the Qiau Collective.

Chinese blogger Li Xuran offers a compelling analysis of the role of capital in modern China. The halting of Ant’s bombshell IPO in November 2020, Li argues, must be seen in the context of the socialist state’s role in restraining the “wild beast” of capital for the sake of socialist development and the public good.

Read it here:  https://www.qiaocollective.com/en/articles/jack-ma-is-not-the-problem

More than taking note of this one very nuanced article, it is worth looking at the other writings on the Qiau Collective, which calls itself:  “Qiao Collective is a diaspora Chinese media collective challenging U.S. aggression on China. 


From western questioners, the general view on China is that everyone is walking around in fear that their next words are going to put them at odds with the censor and that everyone is being controlled.   Take a look at this magazine, and the specific link is interesting.  Did you know that China has New Age Hippies?

https://www.sixthtone.com/news/1006694/in-chinas-new-age-communes%2C-burned-out-millennials-go-back-to-nature#


This is but a fraction of what I gleaned from the Here Comes China newsletter.  If you want to learn about the Chinese world, get Godfree’s newsletter here: https://www.herecomeschina.com/#subscribe


River to Sea Uprooted Palestinian   
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Blog!

Saturday, 18 April 2020

Towards A New World Order? The Global Debt Crisis and the Privatization of the State

By Prof Michel Chossudovsky
Global Research, April 17, 2020


There is a serious health crisis which must be duly resolved. And this is a number one priority.
But there is another important dimension which has to be addressed. 
Millions of people have lost their jobs, and their lifelong savings. In developing countries, poverty and despair prevail. 
While the lockdown is presented to public opinion as  the sole means to resolving a global public health crisis,  its devastating economic and social impacts are casually ignored.  
The unspoken truth is that the novel coronavirus provides a pretext to powerful financial interests and corrupt politicians to precipitate the entire World into a spiral of  mass unemployment, bankruptcy and extreme poverty. 
This is the true picture of what is happening.  Poverty is Worldwide. While famines are erupting in Third World countries, closer to home,  in the richest country on earth,
millions of desperate Americans wait in long crowded lines for handouts”
“Miles-long lines formed at food banks and unemployment offices across the US over the past week”   


In India:
food is disappearing, ….  in shanty towns, too scared to go out, walking home or trapped in the street crackdowns,
In India there have been 106 coronavirus deaths as of today, to put things in perspective 3,000 Indian children starve to death each day” 
From Mumbai to New York City. It’s the “Globalization of Poverty”.
Production is at a standstill. 
Starvation in Asia and Africa. Famine in the U.S. 
All countries are now Third World countries. It’s the “Thirdworldisation” of the so-called high income “developed countries”.  


And what is happening in Italy?
People are running out of food. Reports confirm that the Mafia rather than the government “is gaining local support by distributing free food to poor families in quarantine who have run out of cash”. (The Guardian)
This crisis combines fear and panic concerning the COVID-19 together with a sophisticated process of economic manipulation.
Let us first examine the impacts pertaining to the developing countries.
Developing Countries. The IMF’s “Economic Medicine” and the Globalization of Poverty


Is the coronavirus crisis part of a broader macro-economic agenda?
First some historical background.
I spent more than ten years undertaking field research on the impacts of IMF-World Bank economic reforms in Africa, Asia, Latin America, Eastern Europe and the Balkans.
Since the early 1980s, “strong economic medicine” was imposed on indebted developing countries under what was called the “structural adjustment program” (SAP).
From 1992 to 1995, I undertook field research in India, Bangladesh and Vietnam and returned to Latin America to complete my study on Brazil. In all the countries I visited, including Kenya, Nigeria, Egypt, Morocco and The Philippines, I observed the same pattern of economic manipulation and political interference by the Washington-based institutions. In India, directly resulting from the IMF reforms, millions of people had been driven into starvation. In Vietnam – which constitutes among the world’s most prosperous rice producing economies – local-level famines had erupted resulting directly from the lifting of price controls and the deregulation of the grain market. (Preface to the Second Edition of the Globalization of Poverty, 2003)
 The hegemony of the dollar was imposed. With mounting dollar denominated debt, eventually in most developing countries the entire national monetary system was “dollarized”.
Massive austerity measures were conducive to the collapse in real wages. Sweeping privatization programs were imposed. These deadly economic reforms -applied on behalf the creditors- invariably triggered economic collapse, poverty and mass unemployment.
In Nigeria starting in the 1980s, the entire public health system had been dismantled. Public hospitals were driven into bankruptcy. The medical doctors with whom I spoke described the infamous structural adjustment program (SAP) with a touch of humor:
“we’ve been sapped by the SAP”, they said, our hospitals have literally been destroyed courtesy of the IMF-World Bank.
From Structural Adjustment to Global Adjustment
Today, the mechanism for triggering poverty and economic collapse is fundamentally different and increasingly sophisticated.
The ongoing 2020 Economic Crisis is tied into the logic of the COVID-19 pandemic: No need for the IMF-World Bank to negotiate a structural adjustment loan with national governments.
What has occurred under the COVID-19 crisis is a “Global Adjustment” in the structure of the World economy. In one fell swoop this Global Adjustment (GA) triggers a Worldwide process of bankruptcy, unemployment, poverty and total despair.
How is it implemented? The lockdown is presented to national governments as the sole solution to resolve the COVID-19 pandemic. It becomes a political consensus, irrespective of the devastating economic and social consequences.A Global People’s Bailout for the Coming Financial Crash
No need to reflect or analyze the likely impacts. Corrupt national governments are pressured to comply.
The partial or complete closing down of a national economy is triggered through the enforcement of  so-called “WHO guidelines” pertaining to the lockdown, as well as to trade, immigration and transportation restrictions, etc.
Powerful financial institutions and lobby groups including Wall Street, Big Pharma, the World Economic Forum (WEF) and the Bill and Melinda Gates Foundation were involved in shaping the actions of the WHO pertaining to the COVID-19 pandemic.
The lockdown together with the curtailment of trade and air travel had set the stage. This closing down of national economies was undertaken Worldwide starting in the month of  March,  affecting simultaneously a large of number of countries in all major regions of the World.  It is unprecedented in World history.
Why did leaders in high office let it happen? The consequences were obvious.
This closing down operation affects production and supply lines of goods and services, investment activities, exports and imports, wholesale and retail trade, consumer spending, the closing down of schools, colleges and universities, research institutions, etc.
In turn it leads almost immediately to mass unemployment, bankruptcies of small and medium sized enterprises, a collapse in purchasing power, widespread poverty and famine.
What is the underlying objective of this restructuring of the global economy?  What are the consequences? Cui Bono? 
  • A massive concentration of wealth,
  • the destabilization of small and middle sized enterprises in all major areas of economic activity including the services economy, agriculture and manufacturing.
  • It derogates the rights of workers. It destabilizes labor markets.
  • It compresses wages (and labor costs) in the so-called high income “developed countries” as well as in the impoverished developing countries.
Needless to say this Global Adjustment (GA) operation is far more detrimental than the country-level IMF-WB structural adjustment program (SAP).
It is neoliberalism to the nth degree.
In one fell swoop (in the course of the last months) the COVID-19 crisis has contributed to impoverishing a large sector of the World population.
And Guess who comes to the rescue? The IMF and the World Bank:


The IMF Managing Director Kristalina Georgieva has casually acknowledged that the World economy has come to a standstill, without addressing the causes of economic collapse.
“The WHO is there to protect the Health of the People, The IMF is there to protect the health of the World economy” says Georgieva.
 How does she intend to “protect the World economy”?
At the expense of the national economy?
What’s her “magic solution”?
 “We rely on $1 trillion in overall lending capacity.” (IMF M-D Georgieva, Press Conference in early March)
At first sight this appears to be “generous”, a lot money. But ultimately it’s what we might call “fictitious money”, what it means is:
“We will lend you the money and with the money we lend you, you will pay us back”.(paraphrase).


The ultimate objective is to make the external (dollar denominated) debt go fly high.
The IMF is explicit. In one of its lending windows, the Catastrophe Containment and Relief Trust, which applies to pandemics, generously,
“provides grants for debt relief to our poorest and most vulnerable members.”
Nonsensical statement: it is there to replenish the coffers of the creditors, the money is allocated to debt servicing.
“For low-income countries and for emerging middle-income countries we have … up to $50 billion that does not require a full-fledged IMF program.”
No conditions on how you spend the money. But this money increases the debt stock and requires reimbursement.
The countries are already in a straight-jacket. And the objective is that they comply with the demands of the creditors.
That’s the neoliberal solution applied at a global level: No real economic recovery, more poverty and unemployment Worldwide. The “solution” becomes the “cause”. It initiates a new process of indebtedness. It contributes to an escalation of the debt.
The more you lend, the more you squeeze the developing countries into political compliance. And ultimately that is the objective of the failing American Empire.
The unspoken truth is that this one trillion dollars ++ of the Bretton Woods institutions is intended to drive up the external debt.
In recent developments, the G20 Finance ministers decided to “put on hold”,  the repayment of debt servicing obligations of the World’s poorest countries.
The cancellation of debt has not been envisaged. Quite the opposite. The strategy consists in building up the debt.
It is important that the governments of developing countries take a firm stance against the IMF-World Bank “rescue operation”. 
The Global Debt Crisis in the Developed Countries
An unprecedented fiscal crisis is unfolding at all levels of government. With high levels of unemployment, incoming tax revenues in developed countries are almost at a standstill.  In the course of the last 2 months, national governments have become increasingly indebted.
In turn, Western governments as well as political parties are increasingly under the control of  the creditors, who ultimately call the shots.
All levels of governments have been precipitated into a debt stranglehold. The debt cannot be repaid. In the US, the federal deficit “has increased by 26% to $984 billion for fiscal 2019, highest in 7 years”.  And that is just the beginning.
In Western countries, a colossal expansion of the public debt has occurred. It is being used to finance the “bailouts”, the “handouts” to corporations as well as “the social safety nets” to the unemployed.
The logic of the bailouts is in some regards similar to that of the 2008 economic crisis, but on a much larger scale. Ironically, in 2008, US banks were both the creditors of the US federal government as well as the lucky recipients: the rescue operation was funded by the banks with a view to  “bailing out the banks”. Sounds contradictory?
The Privatization of the State
This crisis will  eventually precipitate the privatization of the state. Increasingly, national governments will be under the stranglehold of Big Money.
Crippled by mounting debts, what is at stake is the eventual de facto privatization of the entire state structure, in different countries, at all levels of government, under the surveillance of powerful financial interests. The fiction of  “sovereign governments” serving the interests of the electors will nonetheless be maintained.
The first level of government up for privatization will be the municipalities (many of which are already partially or fully privatized, e.g. Detroit in 2013). America’s billionaires will be enticed to buy up an entire city.
Several major cities are already on the verge of bankruptcy. (This is nothing new).
Is the city of Vancouver up for privatization?: “the mayor of Vancouver has already indicated that he feared the bankruptcy of his city.” (Le Devoir, April 15, 2020)
In America’s largest cities, people are simply unable to pay their taxes: The debt of New York City for fiscal 2019 is a staggering $91.56 billion (FY 2019) an increase of 132% since FY 2000. In turn personal debts across America have skyrocketed.
“U.S. households collectively carry about $1 trillion in credit card debt”. No measures are being taken in the US to reduce the interest rates on credit card debt.
The New World Order?
The lockdown impoverishes both the developed and developing countries and literally destroys national economies.
It destabilizes the entire economic landscape. It undermines social institutions including schools and universities. It spearheads small and medium sized enterprises into bankruptcy.
What kind of World awaits us?


A diabolical “New World Order” in the making as suggested by Henry Kissinger? (WSJ Opinion, April 3, 2020):
“The Coronavirus Pandemic Will Forever Alter the World Order”
Recall Kissinger’s historic 1974 statement: “Depopulation should be the highest priority of US foreign policy towards the Third World.” (1974 National Security Council Memorandum)
The political implications are far-reaching.
 What kind of government will we have in the wake of the crisis?
Concluding Remarks
There is a lot of misunderstanding regarding the nature of this crisis.
Several progressive intellectuals are now saying that this crisis constitutues a defeat of neoliberalism. “It opens up a new beginning”.
Some people see it as a “potential turning point”, which opens up an opportunity to “build socialism” or “restore social democracy” in the wake of the lockdown.
The evidence amply confirms that neoliberalism has not been defeated. Quite the opposite.
Global capitalism has consolidated its clutch. Fear and panic prevail. The State is being privatized. The tendency is towards authoritarian forms of government.
These are the issues which we must address.
That historical opportunity to confront the power structures of global capitalism, –including the US-NATO military apparatus– remains to be firmly established in wake of the lockdown.

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The original source of this article is Global ResearchCopyright © Prof Michel Chossudovsky, Global Research, 2020

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