Detroit is America’s Future

European Austerity Hits America: Time to Suffer

by John Stanton October 7, 2013

“The Government will neither propose nor implement measures which may infringe the rules on the free movement of capital. Neither the State nor other public bodies will conclude shareholder agreements with the intention or effect of hindering the free movement of capital or influence the management or control of companies. The Government will neither initiate norintroduce any voting or acquisition caps, and it will not establish any disproportionate and non-justifiable veto rights or any other form of special rights in privatized companies. No further special rights will be introduced in the course of future privatization projects.”Memorandum of Understanding on Specific Economic Policy Conditionality, 9 February 2012, EU and Greece“Due to the high economic financialization, more than half of the profits in the real economy come from the returns of financial activities. If we exclude the factor of virtual economy, the U.S. actual GDP is about 5 trillion U.S. dollars in 2009, per capita GDP about $ 15,000.”Dagong, Surveillance Report for Sovereign Credit Rating of the United States of America.

“Game Over”, so to speak. The dark times are here in America. You are on your own. The federal-state-local governments are broke. No more benefits for hungry children, homeless veterans and civilians. No more full-time employment with benefit packages. Stagnating wages and income inequality are the norm. But Hey! Let’s cut taxes.

Austerity means that Capital will now be allowed to flow uninhibited through the United States of America. National Parks and forests will be privatized or sold off to financiers. America’s national museums—normally offered free of charge to the public—will be privatized and admission fees instituted. Public schools are for sale. Art is for sale. People are for sale. The infrastructure is for sale.

Just take a look at the plight of Detroit, Michigan right here in the good old USA. You are looking at the future of America.

Like the Locusts described in the Bible, Capitalist Locusts will rape and pillage the United States. They will rejoice in the suffering of the nation. “Then from the smoke came locusts on the earth and they were given power like the power of scorpions of the earth…They were allowed to torment them for five months, but not to kill them, and their torment was like the torment of a scorpion when it stings someone. And in those days people will seek death and will not find it. They will long to die, but death will flee from them.”(Revelation 9:3-10)

There is a bright side though. Since most Americans will be stripped of tax breaks or benefit and denied wage increases they will soon be competitive with low wage workers in Asia and South America. Americans with a steady job and a full health insurance benefits—normally defined as the Middle Class—are fearful of monetary ruin and homelessness. This state of fear is compounded by a broad, anxiety ridden American national security consciousness. The bargain made by Americans with their government over the past 12 war-years goes something like this: “Alright, I will sacrifice some of my rights enshrined in the US Constitution and Bill of Rights if you—US, State and Local government/corporate contractors—can guarantee my security.”

US, State and Local governments are a sham. They and their corporate/private contractors who run the national/economic security machinery are not able to hold their part of the liberty-for-security bargain. Sandy Hook, the Boston Marathon Bombings, and 16,000 homicides a year testify to that. In this dark American environment, as in much of Europe, this question needs to be asked, “Isn’t selling off social programs, cutting wages, robbing pensions, shutting down government programs to help children a form of terrorism?”


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