Good-Bye To Western Living Standards — Paul Craig Roberts

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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.

“About the submarines, we had also that experience. The person responsible for 
this purchasing was Dr. Paulo Portas, who, despite that ‘affair’, was nominated 
Vice Prime Minister until recently. Now they are Socialists at the Government 
but believe me, they are so corrupt, even more than the previous right-wing 
government. In fact all left parties are, even the PCP. They are interested 
only in self benefit and they give some crumbs to the people. We are a banana 
republic governed by bastards. We deserve this situation as long as we tolerate 
it.”

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. 

Look around Europe. Where do the people have a leader? Jeremy Corbyn is the 
only remaining socialist or semi-socialist who heads a traditional party, and 
the British Labour Party is not firmly behind him. 

France has Marine Le Pen, who heads the National Front. This party is labeled 
right-wing, because it is nationalist and believes that France belongs to the 
French. But it represents the French people better than does the Socialist 
Party of Hollande, Washington’s puppet.

In Greece the left-wing party that swept to power over the austerity issue 
quickly became an accomplice of the banksters and sold out the Greek people. 

With the world economy turning down and Europe additionally burdened with 
millions of refugees from Washington’s endless wars, the vaunted living 
standards of Western civilization are on the way out.

 

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