Sometimes I come across an article that just needs more
exposure because it says so well what is happening in this world.
William Chirolas -- World News Trust
March 27, 2007 -- Sometimes I come across an article that just needs more
exposure because it says so well what is happening in this world.
This article: Global Ruling Class: Billionaires and How They ‘Made It,’ by Prof. James Petras, is an excellent summary of how we got to a world so tightly
controlled, and so solely for the benefit of the rich and corporate elite.
From Boris Yeltsin and his U.S.-directed economic
advisers, Anatoly Chubais and Yegor Gaidar, sending a trillion dollars off to
those with the correct politics (meaning not the former Communist leaders),
causing an 80 percent decrease in the Russian standard of living despite the Communist
era mines, factories and energy enterprises (contrary to what our media tries to
tell us about communist inefficiency) having been profitable and competitive before
they were taken over, and remaining so under the new oligarchs... to the
U.S./IMF/World Bank establishing 38 families to economically rule Latin America, this is one of those times when all I can say
is please read this article:
Global Ruling Class: Billionaires and How They ‘Made It’
by Prof. James Petras Global Research, March
23, 2007, James Petras Website
The Frontiers of Capitalism:
"The total wealth of this global ruling class grew 35
percent year to year, topping $3.5 trillion, while income levels for the lower
55 percent of the world's 6-billion-strong population declined or stagnated.
Put another way, one hundred millionth of the world's population
(1/100,000,000) owns more than over 3 billion people.
"Contrary to European and U.S. publicists on the right and
left, very few of the top former Communist leaders are found among the current
Russian billionaire oligarchy. Secondly, contrary to the spin-masters' claims
of 'communist inefficiencies,' the former Soviet Union
developed mines, factories, energy enterprises that were profitable and competitive
before they were taken over by the new oligarchs.
"If blood and guns were the instruments for the rise of the
Russian billionaire oligarchs, in other regions the Market, or better still,
the U.S.-IMF-World Bank-orchestrated Washington Consensus was the driving force
behind the rise of the Latin American billionaires.
"Countries of 'surging billionaires' produce burgeoning
poverty, submerging living standards. The making of billionaires means the
unmaking of civil society the weakening of social solidarity, protective
social legislation, pensions, vacations, public health programs and
education."
more
READ MORE: Global Research
***
William Chirolas brings 40 years of real-world business experience in
local, state, national, and international tax, pensions, and finance to
the world of blogging. A graduate of MIT, he calls the Boston area
home, except when visiting kids and grandkids. He can be reached at:
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