The European debt crisis continues into
its third year, with four government bailouts – of Greece, Ireland,
Portugal, and Spain – and having imposed harsh austerity measures upon
the people of Europe, forcing them to pay – through reduced standards of
living and increased poverty – for the excesses of their political and
financial rulers. Italy, as Europe’s third largest economy, with one of
the largest debt-to-GDP ratios, plays a central role in the unfolding
debt crisis across Europe. Part 1 of this excerpt from a chapter on the
economic crisis in my upcoming book covers the “suspension” of democracy
in Italy and the imposition of a ‘Technocracy’ – an unelected
government led by academics and bankers – with a mandate to punish the
people, facilitate the financial elite, and serve the interests of the
supranational, unelected, technocratic European Union. Power
centralized, power globalizes, power plunders and profits on the
punishment and impoverishment of people everywhere. This is the story of
Italy’s debt crisis.
This is an unedited, rough draft excerpt from my upcoming book – the Preface to the People’s Book Project –
which is due to be finished by the end of the summer, and covers the
following subjects: the origins, evolution, and consequences of the
global economic crisis; the expansion and effects of global imperialism
and war; the elite-driven social engineering project of establishing an
institutional structure of ‘global governance’; and the rising
resistance of people around the world to this system, as well as the
attempts of the imperial powers to co-opt, control, or destroy these
socio-political movements – the embodiment of the ‘Global Political
Awakening’ – from the Arab Spring, to the anti-austerity movements
across Europe, the Indignados in Spain, the Occupy Movement, the Chilean
Winter and the Maple Spring in Quebec, among others. This project needs your support:
I am attempting to raise $2,500 in donations to support the efforts to
finish this book by the end of the summer, with $530 raised so far, and
$1,970 left to go.
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