Say Goodbye to the “First World”

Our white collar manipulators and aristocrats have grown tired of sharing, it’s time to reduce us to the status of the “third world” that our “humanitarians” have been wringing their hands over for years, donating the trinkets and beads that they value so highly.  But it was all a mind game, just slips of paper whose value was always beyond their understanding or control.   While western “charities” gave to the poor, the other hand was looting with abandon.  But now the IMF and WB are coming back to roost.  We should have cleaned up our mafiacracy when we still had a seat at the table.  But the left was too busy dispensing concern and the right never cared at all.   It’s not rocket science.  It’s organized crime.

Good-Bye To Western Living Standards

Paul Craig Roberts

My column, “Capitalism At Work,” about Greek women being forced into prostitution by banksters and the IMF produced a number of responses from women, who report that austerity is having the same effect all over Europe.

This is from a letter from Portugal:

“Your article ‘Capitalism At Work’ shows absolutely what’s happened here in Portugal. It is common for young women to sell their body to pay the University fees and for food” ….

The European socialist parties, which over decades of struggle humanized European capitalism and European society, are no more. Europeans are experiencing a modern version of the Enclosures of the past when they were uprooted from the land in which they had use rights in order that land could become private property and be financialized with debt instruments.

This time Europeans are being dispossessed of the social welfare systems that made life under capitalism liveable. Simultaneously, the most heavily indebted countries are being looted. The living standards of the populations are being squeezed to death in order to pay off the fraudulent debts incurred by corrupt governments. …

http://www.paulcraigroberts.org/2015/12/01/good-bye-to-western-living-standards-paul-craig-roberts/

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