[ en ] Kleptocracy: This Was The Second Transition
Originally published on Diagonal, nº 179, p. 33.
(Thanks to Richard McAleavey for the translation! :-)
‘The cutbacks announced by Rajoy will deepen the recession until 2013’: thus read the El País headline on the package of measures that starts off the imperial economic protectorate of the EU and the markets. The headline, however, could have been another one no less consistent or resounding: “It’s not a crisis! It’s a scam!”. After all, we are witnessing the worst extortion operation we have ever known.
Extortion, let us recall, is an ‘offence that consists of forcing –through violence or intimidation- the commission or omission of an act or commercially motivated legal transaction with a view to making money and with the intention of causing material loss to the victim or a third party’. In this case, the intimidation is that exercised by the markets, and the act or commercially motivated legal transaction is the measures approved in Las Cortes with the goal of ruining the lives of the 99% to the benefit of the 1%.
But is there really a crisis?