Markets, Europe’s Blindness to Reason, Lack of Leadership

Wednesday, April 18, 2012

After having rescued the same financial institutions that are to a large extent responsible for our present serious systemic crisis; after the “search and destroy” tactics against the PIGS; after the intolerable spectacle of seeing the markets appointing governments –in none other than in Greece and Rome- instead of the ballot boxes; after tolerating biased and dependent rating agencies of questionable efficacy; after having de-localized production and made ample use of tax havens; after having weakened the Nation-State by transferring not only funds, but also strategic and political responsibilities to large international consortia; after having promoted exploitation instead of cooperation; after having been incapable of urgently establishing a European fiscal federation and reducing the immense amounts spent on non-autonomous security in the Eurozone; after so much speculation and the risk premiums; after having forgotten Latin America, China, India; Russia, Turkey… as if this were only, and above all, a problem of the West; after having been incapable of issuing Eurobonds or creating incentives for growth…

While in the meantime and despite the Republican party’s enormous monolithic opposition, the United States has achieved medical care for millions of Americans who live without minimum health facilities; while drastically reducing military spending and arms production; while issuing 300,000 million dollars in incentives for small and medium-size enterprises, scholarships for vocational training and large public works to activate employment; while likewise redefining its global strategy to focus on the Pacific…

While in the meantime Latin America seeks emancipation through CELAC and India is fast becoming a prominent global protagonist…

Europe continues to be obsessed in 2012 with promptly reducing its accumulated debt; with accepting erratic and inadmissible risk premiums; with more and more budget cuts that will never generate the much-needed growth…

The great intellectual potential of the world, one of the greatest spaces for invention and, above all, the cradle of democracy, is being battered by the great financial, military, oil and media domain, reaching limits that must not be surpassed: loss of the human rights won with so much effort, loss of social and gender equality, and human dignity…

This is affecting the very essence of the welfare society: health and education.

There is only one solution, which requires unyielding leadership: more democracy, better democracy. A democracy that will not tolerate recently-elected officials who promptly turn and do just the opposite of what they promised to do in order to win the votes of their constituents.

The time so clearly foreseen in the United Nations Charter has undoubtedly arrived: the time in which “the Peoples” will cease to be passive spectators to become citizens who peacefully but firmly seek to be the protagonists of change. Change, as well as freedom and solidarity, cannot be achieved unless they are first born in each individual.

The time has come for “We, the Peoples” to take in our hands the reins of our own destiny, through modern information and communications technology.

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