“In the fall of 2001 I attended a private investment conference in London to give a paper, The Myth of the Rule of Law or How the Money Works: The Destruction of Hamilton Securities Group.
“The presentation documented my experience with a Washington-Wall Street partnership that had:
- Engineered a fraudulent housing and debt bubble;
- Illegally shifted vast amounts of capital out of the U.S.;
- Used “privitization” as a form of piracy – a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder.
“Other presenters at the conference included distinguished reporters covering privatization in Eastern Europe and Russia. As the portraits of British ancestors stared down upon us, we listened to story after story of global privatization throughout the 1990s in the Americas, Europe, and Asia.
“Slowly, as the pieces fit together, we shared a horrifying epiphany: the banks, corporations and investors acting in each global region were the exact same players. They were a relatively small group that reappeared again and again in Russia, Eastern Europe, and Asia accompanied by the same well-known accounting firms and law firms.
“Clearly, there was a global financial coup d’etat underway. …”
“On Feb. 27, a diplomatic process will begin in Geneva that could result in a new treaty giving the United Nations unprecedented powers over the Internet. Dozens of countries, including Russia and China, are pushing hard to reach this goal by year’s end. As Russian Prime Minister Vladimir Putin said last June, his goal and that of his allies is to establish “international control over the Internet” through the International Telecommunication Union (ITU), a treaty-based organization under U.N. auspices.
“If successful, these new regulatory proposals would upend the Internet’s flourishing regime, which has been in place since 1988. That year, delegates from 114 countries gathered in Australia to agree to a treaty that set the stage for dramatic liberalization of international telecommunications.” This insulated the Internet from economic and technical regulation and quickly became the greatest deregulatory success story of all time.
The abuse of “deregulation” as a cover for the privatization of regulation has made it a dirty word. But in any case, don’t think the UN is going to protect anyone’s rights. It’s controlled by financial oligarchs like every other major institution.
Facebook pays low-wage foreign workers to delete certain content based upon a censorship list. For example, Facebook deletes accounts created by Palestinian resistance groups.
Now, even social media site Reddit – which helped launch the anti-Sopa Internet blackout and publicize GoDaddy’s slimy Sopa support – is doing the same thing.