By Henry McRandall
After four years of protracted politico-economic contortions, the government of Spain is expected — no later than tomorrow — to formally beg the rest of Europe for a massive handout to bail out the billionaire and mega-millionaire Spanish bankers. If it sounds like a familiar tune, it is. It has become almost de rigueur in recent years for western so-called “democracies” to move heaven and earth to prevent the criminal corporate capitalist elite from being hoist upon their own petard.
For five long years, these supposedly “democratic” governments across North America and Europe have been bending over backwards — and bending their own masses — the poor, the working class and the middle class — over backwards in order to spare the Top One Percent from the economic or legal consequences of their own rampant criminality and the ill-conceived risks they took in indulging in this pattern of reckless criminality.
But wait! Isn’t risk-taking what capitalism’s supposed to be all about? Isn’t corporate profit supposed to be the reward for successful risk-taking? These gangster banksters — across the U.S., Canada and most of Europe — took unwise risks — not with their own money but with their depositors’ money — and wilfully committed a vast number of felonies inspired by nothing other than their own base, insatiable greed. They played the capitalist game; they bet on the wrong horses; and they lost. But wait! They didn’t lose, did they? No, even as their financial institutions — all supposedly “too big to fail” — faced what should have been an inevitable collapse, they — the Top One Percent — continued to pay themselves their multi-million-dollar unearned bonuses, knowing that there would be a “white knight” — the puppet political prostitutes they had already bought and paid for — to bail out their sorry pampered asses.
So far, the bailout of the billionaire and mega-millionaire gangster banksters and corporate capitalist executive riffraff has cost the U.S. $25 TRILLION. It has cost Europe close to $10 TRILLION. And although compulsive liar Conservative Canadian Prime Minister Stephen Harper continues to deny it, it has cost Canada, which supposedly is not even in a recession, over $200 billion. And they — the Top One Percent — the billionaire and mega-millionaire gangster banksters and corporate capitalist riffraff — still want even more! Don’t they realize they have already sucked the masses almost dry through horrific and murderous government “austerity” programs? Don’t they realize what they are doing — and what they have already done — is an enormous “crime against humanity”? Or do they — or their puppet political prostitutes — even care?
It is high time for the governments of the United States, Canada, the United Kingdom and most of the rest of Europe, to muster up a little courage and integrity and do what has to be done if we are to avert a deadly global depression.
It is high time for the governments of the United States, Canada, the United Kingdom and just about every other European country to nationalize their entire banking systems — seize their equity as preponderantly the “proceeds of crime” — and to prosecute and imprison — for very lengthy terms — every one of the tens of thousands of North American and European gangster banksters who have brought the global economy to its knees and caused massive suffering and hardship around the world.
And if these supposedly “democratic” governments cannot muster the cojones and decency to do it, then it is high time for the Other 99 Percent to rise up as one and impose their democratic will on the puppet political prostitutes of the Top One Percent.
Instead of bailing out the banksters …
By Henry McRandall