Is 2008 our 1929?

Come on Greece It's Time to Leave

Come on Greece It’s Time to Leave

Leave won because too many British voters identified the EU with authoritarianism, irrationality and contempt for parliamentary democracy while too few believed those of us who claimed that another EU was possible. — Yanis Varoufakis

Britain has voted to leave the EU. The reason? A large section of the working class, concentrated in towns and cities that have been quietly devastated by free-market economics, decided they’d had enough. — Paul Mason

While I remain convinced that leave was the wrong choice, I welcome the British people’s determination to tackle the diminution of democratic sovereignty caused by the democratic deficit in the EU. And I refuse to be downcast, even though I count myself on the losing side of the referendum. — Yanis Varoufakis

I predicted in Postcapitalism that the crackup of neoliberalism would take geo-strategic form first, economic second. This is the first big crack. — Paul Mason

As of today, British and European democrats must seize on this vote to confront the establishment in London and Brussels more powerfully than before. The EU’s disintegration is now running at full speed. Building bridges across Europe, bringing democrats together across borders and political parties, is what Europe needs more than ever to avoid a slide into a xenophobic, deflationary, 1930s-like abyss. — Yanis Varoufakis

1929 the Wall Street crash, followed by The Great Depression, followed by dog-eat-dog mentality, austerity, followed by rise in Fascism across Europe, Spanish Civil War, General Franco, Mussolini, Adolf Hitler come to power, World War Two.

I was at a garden party Saturday. Live music, Lamborghini in the stable block, tennis court in the grounds. Very scared people.

On leaving, I thought, was this like June, a lovely sunny June, people at garden parties before the horror of World War Two?

Since the 2008  banking crisis, economies have flatlined. Forget the lies of politicians, who get out a magnifying glass, see statistical noise and claim they see recovery.

EU is a failing economic zone thanks to structural flaws in the euro.

Across Europe we are seeing a rise in Fascism.

Yanis Varoufakis sees exact parallels with the 1930s and fears the worst if the EU breaks up. That was why Yanis Varoufakis campaigned with Jeremy Corbyn and John McDonnell for UK to Remain in the EU. Not because he sees anything good in the EU, he does not, he bears the lashes on his back, it is because he fears for the future and wanted our help to fight the EU from within.

Those who saw the EU for what it is, a big business cartel, a democracy-free zone, even if on both sides of the debate, had a common aim. There were those who felt EU was beyond reform, therefore Leave and hope others follow. Others like Jeremy Corbyn, John McDonnell and Yanis Varoufakis thought best to fight from within.

Greece dared challenge the EU, and for that Greece was destroyed.

UK has done more than dare challenge the EU, UK has dared to Leave, has sparked a Revolution across Europe. This is the spark that will set Europe alight.

We should fear what the EU will do next.

We have seen attacks on David Cameron for resigning, demand he start negotiations to leave.

We are being told no access to EU markets.

Unelected EU President Jean-Claude Juncker has ordered eurocrats to not enter into any negotiations with the British informal or otherwise, he has questioned why UK MEPs are still sitting on the European Parliament.

Who do these people think they are?

But what it does do, is illustrate the mindset of arrogant unelected eurocrats.  Contempt for democracy, contempt for the Greeks, contempt for the Brits.

They are frightened, they know their days are numbered, as they know if UK can have a painless exit from the EU, other countries will follow, and the EU will collapse.

Greece was punished, brought to its knees by the ECB turning off funding to Greek banks.

What therefore will EU do to UK, what punishment will they mete out?

We have already seen threaten to stop the mechanism by which British banks operate across Europe for clearing euros.

EU may pick a fight with UK, the fifth largest economy in the world. Adolf Hitler picked a fight with UK.

EU would come of worse if they tried, but they will take down the entire world economy with them. They would turn southern Europe into a wasteland and create a world recession that would last a generation.

If no deal with EU, would under WTO rules have Most Favoured Nation Status. This would grant both sides access to markets with low tariffs, but without any diktat from the EU. It would then be for both side to reach agreement to lower those tariffs.

We have already seen how jittery are the world markets. Markets hate uncertainty.

Economic illiterate George Osborne has threatened yet more austerity. The worst possible outcome if facing a recession.

Jeremy Corbyn, John McDonnell and Paul Mason, recognise, we have to deal with mass migration, the devastating impact it is having on working class areas.

Free movement of people, never envisaged mass movement of people.

This is being used, and it was encouraged by war criminal Tony Blair, to drive down wages.

It is not only in UK.

In Cyprus, unscrupulous hotel chains, fire all their Cypriot workers, hire in their place, temporary cheap labour form Romania and Bulgaria. Another hotel chain, employs students from a hotel and catering school in Slovakia, girls who are bullied, work in an atmosphere of fear. Cheap labour via the back door, no training programmes in place.

All parties have to cooperate, call public meetings, to reach a consensus. This is too important to be left to a handful of politicians or political parties. The EU Referendum showed how of touch they were with ordinary people. There also has to be at grassroots across Europe, cooperation to decide what Europe we want. And that Europe cannot be one where we are being dictated to by the EU.

UK has to have full unfettered access to the European market, in turn, they to the UK.

To trade, we do not need trade agreements, but removal of tariff barriers, especially punitive ones, helps.

UK has to look to other markets. UK could quickly reach agreement with India. There are historic ties and it is clearly easier for India to reach agreement with one country, than with 27 countries.

To attempt to turn UK into a fiscal penal colony with creditor guards and debtor prisoners, as has been to Greece, would fail.

By the same measure the debt of Greece must be written off. It is unpayable, why therefore pretend otherwise?

Jeremy Corbyn is being blamed for Brexit, which is farcical, were it was not so tragic. It misses the point, as to why a referendum was held, it was for the people to decide, not politicians.

The Parliamentary Labour Party has revolted against Jeremy Corbyn, but they have no mandate to do so. And they have done it at a time when we all need to be focused on a post-Brexit future. Their self-indulgence will not be forgotten. And if Jeremy Corbyn was at fault then what role those MPs who have mounted a coup?

Brexit has shown the eurocrats have still not got it. Sadly neither have the many embittered Remain who are spewing hatred on social media, many seem to lack any understanding of the difference between EU and Europe, that anti-EU is not anti-Europe or anti people of Europe, they are stirring up racial hatred which has already lead to attacks on people from Eastern Europe.

DiEM25 are pushing for democratisation of the EU. They now as a matter of urgency need to push for retention of trade links with UK.

Tags: , , , , ,

One Response to “Is 2008 our 1929?”

  1. keithpp Says:

    Another example of arrogant contempt for the demos, the people.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: