The power and danger of complexity and secrecy

3/9/2015 – Corporations and the wealthy use complexity and secrecy combined to operate under the radar. This is a big deal– an approach and system that was a real shock to me. Imagine– a bank with thousands of subsidiary operations. I’m not talking about branch outlets for the public. I’m talking about subsidiaries created to hide what is being done by whom and what.

That is the current state of capitalism. It is designed for evading, skirting and totally breaking the law and avoiding paying taxes and externality costs. it is a system that should not exist.

Chris Taggart, of Opencorporates.com, presenting at personaldemocracyforum.com, gave a talk describing how complexity and secrecy are used by corporations. He said, “this complexity is really great if you want to avoid detection, if you don’t want to be supervised, if you don’t want people to know what you are doing. One of the groups that really loves this is criminals…. it also provides powerful incentives to do bad behavior.”

Taggart says, “The complexity of these things is absolutely mind-blowing. Lehman brothers, just before it went to the wall, it’s last filings with SEC filing had something like 300 subsidiaries in its filing disclosed. But the bank of international settlements subsequently did an audit of it and found 2985 legal entities… ”

The opencorporates.com site is a powerful tool. I don’t expect most readers to dive in and build something with their API (application programming interface– Opednews using numerous APIs in different parts of the custom designed Populum content management system.) But my hope is that when you see the name of a big company, you start thinking of it as a web or network of hundreds, if not thousands of veiled subsidiaries operating with multiple levels of complexity and secrecy.

Think about how these companies and their billionaire owners are doing all they can to sabotage, weaken and hamstring government watchdog organizations so as to prevent them from even tracking their existence. This is the current state of capitalism. Many say that there is no alternative better than capitalism. I would argue that there are many different manifestations and kinds of capitalism. it is possible to create models that require openness, transparency and simplicity. We need to start electing and supporting people who walk the talk. (Obama gave the talk but has not walked it.)

….Imagine an organism with two eyes. Now imagine an massive organism with sensors that reach out, like cilia, or moth antennae, sensing in thousands of ways from thousands of miles away, sensing almost every manifestation of your being. That’s what is possible with all of these subsidiaries– and you can be sure that agencies like the CIA and other intelligence and homeland security operations use the same strategies, setting up corporations and then subsidiaries of them to work in ways that they want to keep hidden….

By Rob Kall – OpEdNews.com –

Obscure TPP Provision: Corporations Replacing Nations As the Rulers of the Planet

An obscure Trans-Pacific Partnership provision will serve to threaten the very existence of the nation state and replace governmental authority with the power and the whim of the corporation….

When something is secret and kept from you, it is usually very bad for you! As America races toward her date with destiny, there is yet another “fundamentally transforming” event coming her way and that event is known as the Trans-Pacific Partnership (TPP). The TPP is a plot designed to hand over control of the world’s governments to private corporate interests and it is all being done in secret. Even Congress is not allowed to examine the TPP provisions.

Under the TPP, for example, GMO labels for US food would not be allowed. To make matters worse, there is an obscure portion of the TPP and other trade agreements which is so diabolical, so devastating, that the planet will eventually resemble the movie, Rollerball, in which a small number of corporations will rule the planet.

Many of us in the media believe that some of the effects of the TPP will be felt before the coming war and martial law crackdown. However, after careful analysis, I am convinced that the brunt of the TPP will be felt after the America we know has been totally taken over in a post-war and post-economic collapse scenario. In other words, following World War III, the United Nations, as a body, will be replaced with the United Corporations. At the end of the day, it does not matter when the implementation of the TPP comes, because when it does, America will no longer be recognizable to anyone who has grown up in this once great country. The reason that America will no longer be recognizable is because America will no longer exist because of a key provision contained in the TPP.

Within a few short years, following implementation of the TPP, which will surely grow from the 40% of the world’s population that it will soon control as it will eventually encompass 100% of the planet. The TPP will eliminate all nation states as the ruling authority and it will be supplanted by corporate authority. This will be made possible because of an obscure provision of the TPP known as the Investor State Dispute Settlement (ISDS). ISDS is a key component of the TPP. Unfortunately, for the planet, ISDS principles are being negotiated as I write these words, outside of the TPP, in ongoing trade deals between the United States and the European Union. ISDS allows corporations to sue governments, for any government action (at any level, including local government level) which hinders a corporation’s future profits. Literally, Monsanto could provably be poisoning the entire population of a nation and the nation could do nothing which might result in the loss of profits to Monsanto. This also means that as a private citizen, if you organize a boycott against Monsanto, you could be sued in a foreign court for obstructing Monsanto profits.

If a corporation feels that a government has impeded its ability to maximize profits, a suit is filed, outside the country being sued, and the case will be heard by an arbitration panel of trade lawyers, in a jurisdiction totally of the corporation’s choosing. Under ISDS, the dispute panel may only consider the ‘free trade’ values of the case. No other factors may be considered when deciding the case. This means that these corporate panels must disregard values of public health, civil liberties, environmental protection, or the rights of workers (e.g. working conditions) or any other Constitutionally protected liberties.

ISDS will primarily be enacted through the TPP legal process. However, the corporations, growing impatient with the progress of implementation of the TPP have begun to include ISDS in most trade talks on the planet. This means the end of the nation state as we know it and before you applaud the demise of corrupt governments, consider what we are replacing national governments with….

By Dave Hodges – The Common Sense Show –

Hundreds of Farmers Block Roads Protesting Monsanto

Poland’s largest farmer uprising ever has occurred as convoys of tractors took to the roads recently in protest of GMO infiltration and land grabs by biotech and Big Ag corporations.

More than 150 farmers blocked roadways and held numerous demonstrations in order to bring attention to the important issue of food sovereignty in Poland. Their focus is a ban on GMOs and a restoration of small farmer’s rights after decades of oppressive health and safety regulations which take rights away from small farms and give them to mono-cropping, poisoning Big Ag mega-companies.

The farmers have been stalwart – refusing to call off their demonstrations until their demands are met. Rallies and demonstrations have littered the country – in over 50 locations. Hundreds are picketing government offices in addition to the road blockades.

In the largest organized farmer’s protest the country has likely ever seen, the farmers are demanding that legislators protect the small farmer from exploitation by monopolizing companies and refuse the sell off of their country’s land to these behemoths. As the farmers point out, once the land is sold, the Big Ag model can’t be stopped, and the land is forever lost….

There are 4 simple key demands the farmers would like to be heard:
•Regulation of land grabs by primarily Western companies (translation – biotech and Big Ag) to prevent small farmers from losing their livelihoods.
•The legalization of direct sale of produce and other foods from farms to the people. This cuts out the middle man and allows the higher quality produce of many farms to reach its customers directly. Poland currently has some of the most extreme policies of all of Europe in this regard, making it nearly impossible for small farmers to compete with big food companies who are notorious for selling us fake and highly processed foods.
•Change inheritance laws so that families can rightly leave land under lease to their heirs.
•BAN THE CULTIVATION OF GENETICALLY MODIFIED ORGANISMS!

One farmer stated:“We demand the introduction of legislation that will protect Polish land from exploitation by foreign capital! Agricultural land cannot be sold to commercial companies. It’s part of Polish territory. Once sold it will be lost….

By Christina Sarich – Natural Society –

General Douglas MacArthur’s Prophetic Warning to the American People

“The fundamental and ultimate issue at stake is liberty, itself—liberty verses the creeping socialization in every domestic field. Freedom to live under the minimum of restraint! A least common denominator of mediocrity against the proven progress of pioneering individualism! The free enterprise system or the cult of conformity! The result will determine the future of civilization. It will be felt on every human life. It will be etched in blazing rainbow colors on the very arch of the sky.” – General Douglas MacArthur –

Love him or hate him, the indomitable General of the Army, Douglas MacArthur (1880-1964), an indelible military genius, was a great American—perhaps one of the greatest. He was a patriot, a warrior, a statesman, a rebel, a leader, a brilliant commander, and a poet who never minced words nor failed to accomplish the mission at hand. He excelled at everything he put his hand to, and set the bar high and lofty for all men and women who are desirous to be actively engaged in the animating contest of Freedom. MacArthur lived in tumultuous times and presided over great struggles and battles fought for reasons up to and including the preservation of Liberty in every clime and place.

“You couldn’t shrug your shoulders at Douglas MacArthur,” observed historian David McCullough. “There was nothing bland about him, nothing passive about him, nothing dull about him. There’s no question about his patriotism, there’s no question about his courage, and there’s no question, it seems to me, about his importance as one of the protagonists of the 20th century.”

Once again, our nation and world finds ourselves on the brink of regional and global war and conflict which defined MacArthur’s time—the pre-staging of a third global conflagration with its preceding economic sanctions, currency wars and monetary realignments. With that in mind, the words in his farewell memoir could have been written today, because if you study the cycles of human nature, sociology, economics, weather, solar activity, civil unrest and war, history not only repeats itself, but also rhymes.

“There is no present or future—only the past,” wrote Eugene O’Neill, in A Moon for the Misbegotten, (1952), “happening over and over again…” And so it is in our day likewise recurring, the age-old cycles of plenty-to-poverty, peace-to-war, of which King Solomon hinted at in Ecclesiastes 1:9, “The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun.”

Written in his own hand and finished only weeks before his death, General Douglas MacArthur’s memoir, Reminiscences (1964), spans more than half a century of modern history. The following excerpt is, in my opinion, the most important words he ever penned and at the same time the greatest warning he ever recorded on behalf of the benefit of the American people and our posterity regarding what he came to acknowledge as the treacherous domestic threat infiltrating our American way of life—a warning which has all but fallen on deaf ears.

I’ll let his own words speak for themselves….

By Timothy A. Pope – A Nation Beguiled –

Why We Got What We Got

“In politics, nothing happens by accident. If it happened, you can bet it was planned that way.” — Franklin Delano Roosevelt (Democrat) 32nd President of the USA: 1933 to 1945

“The government, which was designed for the people, has got into the hands of the bosses and their employers, the special interests. An invisible empire has been set up above the forms of democracy.” — Woodrow Wilson, (Progressive Movement Leader) 28th President of the USA: 1913 to 1921

“I am concerned for the security of our great Nation; not so much because of any threat from without, but because of the insidious forces working from within.” — Douglas MacArthur World War II American Five Star General

“I never would have agreed to the formulation of the Central Intelligence Agency back in forty-seven [1947], if I had known it would become the American Gestapo.” — Harry S. Truman, 33rd U.S. President: 1945 to 1953

“The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them.” — Patrick Henry, a Colonial era Patriot

“The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists.” — J. Edgar Hoover, Director of the FBI 1924 to 1972

“The real rulers of Washington are invisible and exercise power from behind the scenes.” — Felix Frankfurter, Supreme Court Justice 1939 to 1962

“Sarah, there’s a government inside the government and I don’t control it.” — Bill Clinton (Democrat) 42nd President of the USA: 1993 to 2001

“The age of nations must end. The governments of nations have decided to order their separate sovereignties into one government to which they will surrender their arms.” — U.N. World Constitution

“We shall have world government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.” — James Paul Warburg, German-born American banker and financial adviser to President FDR

“A colossal event is upon us, the birth of a New World Order.” — Brent Scowcroft, George H.W. Bush’s National Security Adviser

“In this new world economy, national boundaries are increasingly becoming obsolete.” — Ronald Reagan (Republican) 40th President of the USA: 1981 to 1989

“The main purpose of the Council on Foreign Relations is promoting the disarmament of U.S. sovereignty and national independence and submergence into an all-powerful, one world government.” — Admiral Chester Ward, Judge Advocate General of the U.S. Navy, also a 20-year CFR member, who became its sharpest critic

Who controls money controls the world.

“NAFTA is a major stepping stone to the New World Order.” — Henry Kissinger, a Republican politico

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented.” — Sir Josiah Stamp 1920, Director of the Bank of England

“The one aim of these financiers is world control by the creation of inextinguishable debts.” — Henry Ford, Industrialist and founder of the Ford Motor Company

“The only winner today is big business.” — Stonewall Jackson, supposedly said the day of concession to the North during the Civil War….

It would seem that President Barack Obama is being saddled with venomous blame for the current state of affairs in the Unites States of America. And, that the Democratic Party is being blamed for everything that’s gone wrong. If you remember, Mr. Obama said it was all Bush’s fault! Well, this writer is here to propose that what’s been going on has been in the works for much longer than we know, as the apparent quotations from men in history have spoken to and which, apparently, has been ignored. Shame on us! I guess that’s what we get when we follow pop stars and TV sitcoms as more important than dirty politics, political shenanigans and spoon-fed, controlled media propaganda.

First, let me confess that I’m a registered Independent voter, who believes in being an equal-opportunity-critic to address whatever I think doesn’t pass constitutional muster.

It is my opinion that the current Democratic Obama administration is just the follow through on what’s been put into place shortly after the Kennedy assassination and, even more dramatically, since that fateful day known as 9-11 (2001).

Furthermore, it is my contention that things ramped up several critical notches when President Reagan took a bullet and lived. During that ‘national emergency’, Vice-President George H.W. Bush took over for several hours, during which I think the screws not only were set in place, but tightened to torque capacities for the incoming Agenda 21 that was being worked on under the radar….

Catherine J. Frompovich – Activist Post –

The Missing 13th Amendment

From the ACS Editor: Judge Dale also explains how the momentous Supreme Court decision, Bond v. US (2000), was intentionally buried to prevent the people from finding out about the faux USA corporate government that has been unlawfully ‘slid’ into place.

On or about March 20, 2013, the New Hampshire Legislature passed HB 638, recognizing Article XIII, known by few as: “The Missing 13TH Amendment,” missing from the organic Constitution of the United States of America and the legislative analysis that was offered, described a trite but secret history of this mystical amendment, which I have encapsulated as follows:

RE: During the American Civil War, the country was under Martial Law by President Lincoln and after the War, Lincoln’s policies were to be abated and everything was supposed to return to normal but it didn’t happen quite that way. Congress passed the Organic Act of 1871, which created a government corporation within the District of Columbia, called: UNITED STATES OF AMERICA. This new government corporation replaced the Municipal Charter for the District of Columbia, a move that egregiously led to the fraudulent rewrite and adoption of what appeared to be the organic American Constitution. This erroneous rewrite is described as a corporate “mission statement” with the original 13TH Amendment “omitted” and it was this Constitutional rewrite that was inadvertently published for all to see.

Members of royalty, PhD’s, lawyers, squires and bankers, “Titles of Nobility,” have left an historic wake of deceit, destruction and corruption behind them on this planet and I would like to believe that it was the majority intent of the Founding Fathers and the first federal convention, to shield America from those proven elements of destruction and corruption. In so doing they proposed and ratified several amendments, one being Article XIII or the 13th Amendment, specifically designed to bar candidates who held such “Titles of Nobility,” from ever holding a seat in government! Each year since 1871, Lincoln’s Martial Law has been renewed by Congress and currently, all state and federal governments are dominated by legislators with, “Titles of Nobility.” What was once regarded as a service to country is now a political career.

Quote: “In politics, nothing happens by accident. If it happens at all, you can bet it was planned that way.” Franklin D. Roosevelt

The described “omission” of Article XIII [the missing 13th Amendment] and the “mission statement” the fraudulent copy of the organic constitution initiates the following [ten] questions, which I will attempt to answer as succinctly as I can.

QUESTION 1: How do you “omit” a Constitutional Article when they are all sequentially numbered?

ANSWER 1: Obviously this is a lawyer’s response by the New Hampshire Legislature because you cannot simply “omit” a Constitutional Amendment, they are sequentially numbered! The original Article XIII was intentionally and methodically removed from existence, which took a number of years to complete and was NOT simply “omitted.” It required a conspiracy; a federal rewrite; the removal of all former texts and references to the original Article XIII and the domination of all the various state government legislatures by candidates holding, “Titles of Nobility,” who would be willing to save their careers at any cost, thus proving that this was all intentional on their part to complete and sustain its demise.

QUESTION 2: Why didn’t Lincoln’s Martial Law policies abate and the government return back to normal following the Civil War?

ANSWER 2: The federal government for the American Republic had IMPLODED when the southern states decided to secede from the Union and walk out while Congress was still in session. Absent the presence of those southern state delegates, Congress could not adjourn and could not move forward for lack of a quorum! President Lincoln became the federal law under Martial Law until a new federal government could be assembled.

QUESTION 3: President Lincoln was a lawyer, a Title of Nobility, and several delegates and predecessors’ were lawyers! Now how can that be, given that the original 13th Amendment prohibited persons possessing a, “Title of Nobility,” from ever holding a seat in government and given that the 13th Amendment had not been “omitted” until 1871, during the Lincoln Administration?

ANSWER 3: The Truth is that the American Republic never enjoyed a Constitutional government beginning with the election of George Washington. George took office one year before the Constitution permitted; he subsequently overthrew the organic Constitution; reinstated the British owned Virginia Colony Corporation; altered the Oath of Office requirements; installed a corporate Military government in place of a Civilian government and replaced the Common Law with a commercial law known as “Admiralty” or “the law of the sea.” George then declared that: “All of America is now under water!” George was a 32nd Degree Freemason and a descendent of William, the Prince of Orange, the Sovereign King of America, according to the signed copy of the, “Paris Treaty of 1783.” This gave him the notion that….

By Judge Dale (retired) – AntiCorruption Society –

US Power Centers Splinter as Chaos Rises

Investigators Said to Seek No Penalty for C.I.A.’s Computer Search … A panel investigating the Central Intelligence Agency’s search of a computer network used by staff members of the Senate Intelligence Committee who were looking into the C.I.A.’s use of torture will recommend against punishing anyone involved in the episode, according to current and former government officials. Its decision not to recommend anyone for disciplinary action is likely to anger members of the Intelligence Committee, who have accused the C.I.A. of trampling on the independence of Congress and interfering with its investigation of agency wrongdoing. The computer searches occurred late last year while the committee was finishing an excoriating report on the agency’s detention and interrogation program. – New York Times

Dominant Social Theme: Government officials should have more legal leeway than the average person because they make more important decisions.

Free-Market Analysis: The US is splitting apart: Some 60 years of expanding authoritarianism has created political and economic facilities that are now beginning to face off against each other. There are dozens of intel agencies, hundreds of military specializations, vast bureaucracies at local, state and federal levels – all supported by a worldwide dollar economy that virtually forces other nations to hold dollars in order to buy oil. Increasingly, as the struggle for resources grows more pronounced, each of these entities will involve themselves in growing “turf wars.” It is not, of course, just a Western problem. Europe has similar woes and its fringe parties are becoming more extreme.

What is going on in the US is both significant and rapid. We can see that the CIA is now in a confrontational position regarding Congress, according to the New York Times. In fact, CIA officials who wiretapped Senators will not be punished.

This is just one of several newsworthy items reported over the weekend. Another was the aggregate shooting of three policemen over the weekend, two in New York and one in Tarpon Springs Florida.

While these are terrible tragedies from a purely human perspective, there is good evidence that such incidents are increasingly being used as fodder for power struggles. The New York Times reported on tensions between the Mayor and police in the aftermath of the New York Shooting:

For de Blasio, Attack Comes Amid Tension Over Police … Mayor Bill de Blasio spoke in sober terms at a news conference on Saturday at Woodhull Hospital after two police officers were shot and killed in Brooklyn … It is the sequence that every mayor dreads: the ominous report, the scramble to the hospital and the confirmation that, yes, an attack against the police has proved fatal.

But for Mayor Bill de Blasio, the tragedy on Saturday — when two police officers were shot and killed in an ambush in Brooklyn, according to the authorities — arrived at a particularly trying moment, amid an already fractious relationship with the police.

Police union leaders and officers could be seen turning their backs to the mayor and the police commissioner, William J. Bratton, as they walked past, in a video taken at the hospital where the two held a news conference on Saturday….

Our interpretation involves dominant social themes and what we call “directed history.” To be blunt: In our view, the West is being leveled by historical forces as well as elite determination to expand global governance.

For over a decade the BRICS have been celebrated as a group of increasingly powerful countries capable of creating a kind of capitalism that can compete with if not win out over Western capitalism. In fact, recently, China surpassed the US in various measures of industrialization and output.

The US dollar is gradually being replaced in Asia and, of course, Russia, too, as tensions rise between the US and Russia over Ukraine and other military and industrial issues.

Various measures such as NAFTA and CAFTA have drained US industrial might while an increasingly intrusive regulatory and tax regime has further splintered US industrialism and entrepreneurialism….

By Staff – The Daily Bell –

Corporate Lobbyists Writing Our Laws

A pivotal component of the process that manipulates the legislative cover that claims to be representative federalism is the consortium of influential pressure and bribe distributors that populate the lobbying capital of the planet, K Street. This group of ex elected officials, shyster lawyers and con artists make up the revolving door of access and sway that keeps the DC Scalawag Culture Preserves Scoundrels alive and expanding. Corporatist Lobbying Replaced a Free Market long ago. The Camelot dream has become the granddaddy of all extenders. For the updated version of JFK’s Inaugural Address in the era of transnational political ascendancy in the Totalitarian Collectivist un-commonwealth state, take heed.

“Let every Citizen know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and the success of Corporatist Control. To those old allies whose cultural and spiritual origins we share, we pledge the loyalty of faithful friends. United, there is little we cannot do in a host of cooperative ventures. Divided, there is little we can do–for we dare not meet a powerful grass roots populist challenge at odds and split asunder. To those subservient states whom we welcome to the ranks of the New World Order, we pledge our word that one form of colonial control shall not have passed away merely to be replaced by a far more iron tyranny. We shall not always expect to find them resisting our view. But we shall always hope to find them strongly supporting their own dictates-and to remember that, in the past, those who foolishly sought power by riding the back of the tiger ended up inside. To those peoples in the huts and villages of half the globe struggling to break the bonds of mass misery, we pledge our best efforts to help them serve our interests, for whatever period is required–not because the communists may be doing it, not because we seek their votes, but because it is our right to rule. If a globalist society cannot exploit the many who are poor, it cannot protect the few who are rich. To our sister regimes south of our border, we offer a special pledge–to convert our empty words into nefarious deeds–in a new alliance for corporate service–to assist captive men and controlled governments in casting off the chains of abundance. But this peaceful revolution of acquiescence cannot become the prey of hostile powers. Let all our neighbors know that we shall join with them to oppose liberation or self-determination anywhere in the Americas. And let every other power know that this Global Empire intends to remain the master of its own world.

To that world assembly of subservient states, the United Nations, our last best scheme in an age of deception where the instruments of debt have far outpaced the instruments of prosperity, we renew our pledge of support–to prevent it from becoming merely a forum for newspeak–to strengthen its dominance of the new and the weak–and to enlarge the area in which its rule may run.

Finally, to those nations who would make themselves our adversary, we offer not a pledge but a guarantee: that opposing factions begin anew their surrender for coexistence, before the NWO powers of destruction unleashed by science destroys all opposition to our planned universal self-destruction.”

The fairy tale of JFK’s world is forever gone. The corporate corruption environment that fuels the lobbyists’ machine would make Jack Abramoff proud. The Hill points the finger squarely at GE who reaps unconscionable Tax extenders a lobbying bonanza from the latest taxpayer abuse passed with overwhelmingly bipartisan support by the House of Representatives.

“Almost 300 of those K Street officials lobbied specifically on a tax break known as the active financing exception, a preference that expired at the end of 2013 and allows financial services companies to defer paying taxes on profits made abroad.

General Electric, the study says, was among the most persistent company lobbying for the break – perhaps not surprising, given that GE has said its tax bill will rise significantly without the exception.”

….When separate and often conflicting legislation is bundled together to be pushed through in lame duck sessions, the meaning of election consequences blur. The Text of the Tax Increase Prevention Act of 2014 is a disgrace.

Radical Reactionary readers know that the GOP has no real conservative principles or guts to close the door on the corporatists. The essay, “House Democrats Sell Out And Back GOP Tax Extenders Bill– So Why Should Anyone Vote For A Democrat”, concludes “All that Democratic support in the House makes it more difficult for any grouping of principled Democrats in the Senate to kill this travesty.” The lobbyists know that Business as Usual still operates.

By Sartre – Radical Reactionary –

Pillage, Plunder and Wealth

Over the past 30 years, wealth has grown exponentially and has become increasingly concentrated foremost in the upper .01%, then the .1%, followed by the 1% and the upper 10% – 20%.

The large scale, long-term concentration of wealth has continued through booms and busts of the real economy, the financial and IT crises. Wealth grew despite long-term economic recessions and stagnation, because the so-called recovery programs imposed austerity on 80% of the households while transferring public revenues to the rich.

The so-called ‘crises of capitalism’ has neither reversed nor prevented the emergence of an international class of billionaires who acquire, merge and invest in each other’s activities. The growth of wealth has been accompanied by the pillage of accumulated profits from productive sectors which are stored as wealth not investment capital.

The dispossession of capital and its conversion to private wealth subsequently led to the rapid expansion of the financial and real estate sector. Capital accumulation of profits has been the source of private accumulation of wealth at the expense of wages, salaries, public welfare, and state revenues.

The growth of private wealth at the expense of productive investments is a world-wide phenomenon which has been facilitated by an international network of banks, political leaders and ‘regulators’ centered in the United States and England….

….the ruling 1% of the system stands or falls with the illicit financial flows drawn from the pillage of treasuries. To replenish pillaged treasuries, regimes insist on perpetual ‘austerity’ for the 90%: greater pillage for the 1%, less public revenues for health care which results in more epidemics. Less funds for pensions means later retirement– work till you die.

The plunder of the economy is accompanied by unending wars – because war contracts are a major source of illicit financial flows. Plunder oligarchs share with militarists a deep and abiding belief in pillage of countries and destruction of productive resources. The one reinforces the other in an eternal embrace – defied only by insurgents who embrace a moral economy and who proclaim the need for a total change – a new civilization.

By Prof. James Petras – Global Research –