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Sunday

Greece, Democracy and a Fascist Plot

Is there an adult in the room? Dominique Strauss-Kahn, MD of the IMF when the world economy collapsed. His mind was probably on other things.



We are living through a struggle between democracy and fascism. On one side, the Greek people have been given the opportunity to participate in a democratic process, in a reflection of the first democracy to emerge from that very nation around 500BC. In the other corner, the hated Troika* of European Central Bank, European Commission and International Monetary Fund. So, is this democracy V fascism?

The definition of fascist is "totalitarian, authoritarian, one-party, oppressive, autocratic, dictatorial, undemocratic, monolithic, despotic, tyrannous" (Free Dictionary), so could that be a valid description of the Troika?

European Central Bank
The owners and shareholders of the ECB, which is structured as a corporation, are the central banks of all 28 EU member states. The primary objective of the ECB is to 'maintain price stability within the Eurozone'. This is defined as price inflation of 'close to' 2%. The main decision making body of the ECB is called the Governing Council. The Council's minutes are not published. The Central bank of Greece has paid-up capital in the ECB of €220 million, for a 2% stake. Curiously, the ECB has paid-up capital of a mere €7.6 billion. Non-euro EU countries also own stakes in the ECB, which is also curious, as the ECB also runs the euro currency.
Eurozone inflation in May 2015 was 0.2%.
More from Wikipedia: https://en.wikipedia.org/wiki/European_Central_Bank

European Commission
The European Commission is the executive body of the EU, essentially Europe's Government, with 28 commissioners, a staff of 23,000. Commissioners are appointed by member state governments, as opposed to being elected. In Ireland, the plum role of commissioner is normally awarded to disgraced politicians as a reward for doing dirty work, or just to get them out of the domestic political arena. The EC is increasingly sidelined by Germany, France and the UK.
More from Wikipedia: https://en.wikipedia.org/wiki/European_Commission

International Monetary Fund
Set up to rebuild Germany after WW2 (which included massive debt write offs!), the IMF is controlled by America with a complicated organisational structure and voting system, which is based on wealth. The IMF is about pure financial muscle, even though it claims to have the reduction of global poverty as one of its aims. Eight countries get to appoint an Executive Director, including Saudi Arabia, a twisted, fundamentalist monarchy with no regard for human rights, no democracy, the root cause of much climate change, the wellspring of Al-Qaeda and IS.

Most observers agree that, when the IMF forces its loans on a country, income inequality rises. The IMF has been described as a pillar of global (economic) apartheid, a supporter of dictators and a cheerleader for US neoliberal policies.

800 million people go to sleep hungry every day. Current MD, Christine Lagarde is paid a tax-exempt salary of $467k, plus allowances and entertainment expenses.
More from Wikipedia: https://en.wikipedia.org/wiki/International_Monetary_Fund

So three supranational organisations, run by political appointees, with utterly failed objectives, are running scared from democracy. What does this tell us? Interestingly, all three member organisations of this unholy trinity are wholly behind the US/EU trade deal, TTIP, the Transatlantic Trade and Investment Partnership. This deal is being negotiated in secret and aims to create a supranational judicial system that will operate above national law to deal with trade disputes. TTIP essentially gives corporations their own global legal system as a means of ensuring 'free trade'. If TTIP passes, I can guarantee that Irish Water will be sold to a global corporation within five years.



While Greece's misfortune - much like Ireland's - results from political incompetence, it must be remembered that most of the Troika's bailout funds to Greece are used to pay off existing debts, primarily to German and French banks, with only 10% going on social programmes or investment (and it sickens me to hear Christine Lagarde lecturing anyone about tax codes when she doesn't pay a cent in income tax). Again, a similar situation to Ireland's. What's different about Greece is the recent election of the Syriza-led Government, on a platform of ending austerity and crazy loan-piled-upon-loan policies, and with a left wing focus. Ireland's neoliberal Fianna Fail Government caved to the Troika's demands because they fitted with our Establishment mindset. And Ireland's current Fine Gael/Labour Government is even more right wing and neoliberal. But Greece is different. Greece doesn't fit with the groupthink of taxes, cuts, austerity and debt. So Greece must be stopped. We are witnessing an attempt at regime change by the Troika, to get rid of fresh thought and install a government that embraces groupthink.

The Troika is composed of three deeply dysfunctional organisations, each of which has failed miserably to achieve core goals, instead creating a superstate that operates above what we call democracy. The Troika is not answerable to the citizens of the world in any meaningful way and it rules by fear. As such, I believe that the Troika can be called fascist and that democracy itself is entering a dangerous phase, however Greece votes.

*Troika is from the Russian, meaning three of a kind.
Participative democracy is the only alternative to a fascist, neoliberal European Union. Find out more here: https://www.facebook.com/wesayireland
Find out more about Gary J Byrnes here: http://www.GaryJByrnes.com

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