Adonis Diaries

Blood all over the floor (December 8, 2008)

It is 1952 and General Douglas Mac Arthur was saying “Our relative decline, our incapacity to conserve our resources, the vertiginous growth of our national debt, and the weight of our financial engagements are putting our next generations at risk”.

It is 1972 and the inflation was rampant; the Midwest farmers were in high debt and Latin America was in acute debt. President Carter order the FED chairman Paul Volcker to contain inflation.

Volcker invited the Wall Street Journal executives for lunch and asked them “When blood is all over the floor, would you guys support my policy?” 

The executives did not hesitate and they were affirmative.

The US returned to a strong dollar policy.

The Midwest farmers sold their farms at peanut prices and Latin America experienced blood shed for half a century, such as genocides, dictatorship, military coups, facilitating the investment of the US multinationals, destroying the equatorial forests, and barbarically excavating raw material mines in Chili and Peru and so on.

The US has been indebted for over half a century at the expense of over two billion people living under the survival level. I have a simple question:

And the question remains|:”why the US should not experience blood on the floor?”

In the nineties, many books were published warning that the premises and practices of “mondialization, or globalization” are volatile and highly flammable.

For example, Danny Roderick (1997), in his “Has globalization gone too far in its way?”, stated that

1. First, eliminating regulations on commerce and investment was premature;

2.  Second, that there was lack of fairness in the practices among the developed and under-developed States.

3. Third, that the US and European quality standards were being forced on States that cannot produce according to the satisfaction of the western nations; that was an excellent excuse for outsourcing and relocating factories in countries with cheaper manpower; the consequence was that all these products could not be exported but into States with the same quality standards.

What would happen if these markets stopped importing?

All the products that are not fit for inner commerce would have to be sold as scrap.

4. Fourth, the coverage of social guarantees was exhausted in the under-developed States and the population left to mend for themselves. The Establishments in the US mocked these warnings since “History has reached an end” and the US economic model was in for ever.

The unemployed in the US have no where to go to die within their family members.

In China, millions of the little people are being forced back into their remote villages. To do what?

Most probably the Chinese out of work in sweat shop factories would die away from urban eyes and far from the media.

The US people have been in debt for a decade to cover all kind of charges because their earnings in the last two decades were lowered constantly while 1% owns one fifth of the US wealth.

I have a simple question “why those blood sucker billionaire capitalists should not have their blood spattering on the floor?”