"Social State" versus "Corporate State": FROM EUROPEAN FASCISM TO "GLOBAL MONEY-SEQUENCE ABSOLUTISM"
by Prof. John McMurtry
Global Research Canada, April 20, 2012
The failed corporate-rights system cannot, in short, continue on without despoiling the world. It plunders the world’s life capital bases of reproduction, and its major consumer ‘goods’ are disease and death causing. India’s increasingly captive state may in 2012 let the global junk food system in to flood its society as everywhere else with sugar-salt-fat addictive substances (post-apartheid Africa the latest case). Nonetheless at the world system level, the return of humanity’s social evolution occurs again in Latin America’s resounding repudiation across nations of the “neo-liberal model” and new economic success. Despite the euphemistic category for reduction of human society to an instrument for private money sequencing with no purpose beyond multiplying itself, the long-haul r/evolution continues.
This essay is Part X of Prof John McMurtry's "The Undeclared World War, Human Rights versus Corporate Rights"
Corporate-system drivers of “deregulation”, “privatization” and “lower taxes” lead reversals of civil commons evolution. When 70% of France supports the strikes against raising the public pension age in the Fall of 2010, resistance to the totalizing private-profit agenda grounds in the civil commons. Yet even as they are again attacked in Italy and Greece to pay private banks and bond issuers a year later, France’s uprising dissolves from view. More profoundly, Argentina’s’ triumphant default on the very same debt as Greece in 2002 is erased from public choice space. Any example of regaining the real economy from the money-sequence party is silenced – but the unspoken Latin American revolution from Argentina’s historic default carries on. Once released from the debt-money clawhold in the face of the direst IMF threats, it regrouped its economy to public direction, spectacular agricultural productivity, capital and export controls, and world-leading reduction of poverty.
Yet in the European crisis, only the “catastrophe of default” is trumpeted by the corporate-state leaders and media - the historical amnesia that sustains the rule of the corporate money-sequence system. Thus Greece and Italy are equated to their debt status with private banks and money-lender rates, while Europe is equated to its new currency of payment to them. Bailing out the private banks and bondholders is, accordingly, equated to “saving Greece” or whatever society is next in the money-party’s sights. The meaning of society itself is transmuted to serving private bank issuers of debt. Taking back the control of debt issue and credit to public bank authority is the known solution no leader dares to speak, nor media to mention.
In normal times, civil commons are dismantled, defunded and restructured to serve the private-profit order as “more efficient and cost-saving” wherever the people allow it. In post-2008 times, slash-and-burn of the life-serving public sectors and services becomes a war of movement towards their elimination. Facts do not compute in either process. Consistent demonstration of decline in life goods and cost-efficiency wherever the corporate money-sequence system invades is forgotten in the culture of occupation.
In the wider culture of surrender, perpetual threats of war distract attention with their invariant meaning unstated – armed aggression to seize poorer countries’ assets for foreign corporate exploitation. Always called “defending freedom”, the ever beating war drums and threats are fore-grounded by one coliseum contest after another in “fight to the death”. The mobs are thus held in helpless trance. On the global plane of humanity’s fields of life, the great disorder simultaneously loots and pollutes the natural world on every plane by the same value code of money-gain and growth as all there is. The cumulative collapse of common life goods does not, therefore, compute to the ‘economics’ of this system for which all life conditions from the atmosphere and breathing air to the phytoplankton top and living grounds of the world’s oceans do not enter any market or state account of society’s well-being.
Social State Evolution versus Corporate State Growth: The Battle Lines Defined
Life-value analysis recognises that there is not one modern state, but two conflicting states within one – the now dominant state to serve and grow private corporations and commodity markets at whatever cost to life capacities and support systems, and the public state to serve the common life interest of universal life goods at all levels.
Herein lies the core of the transformation of contemporary human society backwards or forwards. On the make-or-break level of public funding, the lines of invasion are clear. Government functions and expenditures are increasingly structured to subsidize private-profit interests towards bankrupting the social state. Since the 2008 collapse of the global money-party scheme, countless trillions of dollars and still counting of present and future public funds have been haemorrhaged out by many channels to refinance the dominant private banks and bondholders with no function but maximum take at the cost of life systems on every level. This has been the turning point of the money-sequence cancer for all to see, but the public money-flows out to corporate-bank circuits only increase.
The global crisis developing from the corporate-rights system consuming society’s life support systems has been, however, a long time building. Longitudinal diagnosis reveals public subsidization of global for-profit corporations growing with no accountability in ever more staggering amounts - continual major tax cuts and write-offs which make major corporations pay less tax than their lower-end employees; growing subsidies to dominant corporations for extraction of public resources and pollutive commodity production; continued transfer of credit and currency creation to large private banks and rising public subsidies for private automobile, weapons, aeronautical and commodity research and manufacture; perpetual expansion of heavy-gauge highways and police-and-prison systems tailored to private corporate interests; rising armed forces and corporate weapons production to guard these and other for-profit corporate appropriations and interests beyond home borders; and ever increasing bankrolling of corporate-trade offices, negotiations and enforcements to systemize and extend corporate rights further within and across borders. All are justified as “necessary” and “in the public interest” until life-value analysis is applied to recognise the opposite.
One historic heist to beggar all before it in bleeding peoples and social states dry across the U.S. and European Union has stood out historically - the 2008 crash of the central private debt-issue system leveraged to uncontrolled levels of extraction from already hollowed out economies and peoples across the world. Yet within eighteen months after the many trillions of dollars of direct transfer of public wealth to the largest private corporate banks in 2008 as “necessary to save the economy and restore credit”, public-sector and debt crises have only spread further. Time to pay for this vast hand-out to failed private money-sequencers to hold onto for still more private profit and executive bonuses has now fallen upon life-serving sectors of the economy to be squeezed further. Life-blind categories of judgement and decision prop every step so that the fatal meaning is hardly conceived. Societies’ life support systems are now pursued to extract more from them. The private system of money growth with no limit or goal but more of itself now feeds on what is left wherever it can while hoarding its public giveaways to go on hollowing out its life hosts.
The darkest turn has been that the European Union itself, whose public sectors and civil commons infrastructures have led the world, are bled to pay for the carcinogenic money-sequencing at ever greater public expense. Public constitutional control of credit and currency remains blocked out and is nowhere directed to funding the common life interest of the real economy itself. None goes out to social and natural life support systems, nor to secure public employment, nor to life-serving purpose of any kind. All goes to the carcinogenic private money sequences to more without any life function. All comes out of present and future citizen lives and life support systems to pay for their continued growth.
Beneath the surface play of phenomena, the determining economic form of corporate money sequences is undiagnosed for what it is. The system crests in pure exaction, expropriation and chaos with Wall Street leading in licensed fraud to steal the life security of tens of millions - but lavishly rewarded by the U.S. government with nearly a trillion dollars to begin. The cancer circuits are thus re-financed to keep on hollowing out the world, with ever more public money to ensure the bank’s private debt extractions. The societies least able to pay are always the first to be made to ensure that the rising costs on their private debt payments never end. The private financial corporations are thus at the top of the feeding cycle for which governments are the obedient enforcer, funder and granter of money-creation rights. The great meltdown had been set up in countless ways across the post-1980 global system – all to enable the corporate-person rights’ regime to turn societies, their peoples, their resources and their built and natural environments into free sites for multiply leveraged money-sequence takeovers, resource looting, and junk commodity invasions as well as debt enslavement.
“Free trade” treaties and wars against non-conforming societies have been the major pincers of attack, grounded in private bank control of the public’s money and credit issue. In these ways, formerly evolving social orders to serve people’s lives rather than corporate money-sequence rights have been usurped from top to bottom. The world has thus been coerced to civil and ecological breakdown by the private money sequence system for no life function, and it has been subverted most by what is not seen – the silent hijacking of constitutional public control of money creation. This is the deepest unrecognised civil commons of publicly protected exchange medium which has been wrested away from the public. The design is not new, but elaborated since Benjamin Franklin and others reported it as the main reason the Thirteen Colonies rebelled against British rule. It was Britain’s banning of the “colonial scrip” by the 1775 Currency Act which had enabled the independent prosperity of the Colonies, and whose outlawing by the private Bank of England caused a depression.
This is the one cause of the American Revolution you never read about in history books. The private bank appropriation of public currency and credit is the tuning core of the financial subjugation of societies, but is little known. Today it is led by endless debt issue by banks without the money to back it. As long as public and constitutional jurisdiction over exchange medium and public credit is not reclaimed, the life security of people and peoples is broken step by step beneath even Marxian detection.13
From the Depression, Anti-Fascist War and Decolonisation to the Corporate Occupation
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|Lugo and Morales|