Link to this page: http://www.socialistparty.org.uk/issue/694/13156
From The Socialist newspaper, 16 November 2011
End the dictatorship of the markets!
Paul Murphy, Ireland Socialist Party MEP
The imposition of the 'technocrats', in reality bankers, in both Italy and Greece, shows the seriousness of the crisis for the capitalist class nationally and across Europe.
To try to save their system across Europe, the democratic rights of people to decide who will govern them have been trampled on. The markets, through the Troika of the IMF, EU and ECB, have usurped democracy and placed their own men in charge to ensure that the cost of this crisis is placed on the shoulders of the working class, unemployed and poor.
The technocrats elevated to rulers in Greece and Italy, Lucas Papademos and Mario Monti, are the banking sector's choice of leader. Monti was an as advisor to Goldman Sachs until his appointment.
Papademos was a former vice-president of the European Central Bank, and has publicly been opposed to the write down of Greek banking debt as it would hurt the banking sector.
Goldman Sachs was described in a 2010 Rolling Stone article as: "The world's most powerful investment bank" and "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."
It can manipulate "whole economic sectors for years at a time, moving the dice game as this or that market collapses and all the time gorging itself on the unseen costs that are breaking families everywhere - high gas prices, rising consumer credit rates, half eaten pension funds, mass layoffs, future taxes to pay off bailouts."
These 'technocrats' have been presented to the world as the experts who will be able to solve the financial crisis, as some sort of wise men who can rise above politics. It has been put out that these men will put the 'national interest' first. This is a lie.
The 'dictatorship of the technocrats' is an attempt to divorce economics from politics. The technocrats will act, not in the interests of the mass of the people, but in the interest of the people they represent - the financial elites.
The protest movements and strikes that have swept across Greece and Italy need to be intensified against this anti-democratic and anti-working class move by the national and European establishment.
No matter how much they try to persuade us that the technocracy is above politics, a mass movement of workers, the unemployed and young people which builds its own party, can brush away this dictatorship of the markets and start to create a society that is democratically run in the interest of the mass of the people.
Berlusconi quits as debt crisis hits eurozone's third largest economy
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In The Socialist 16 November 2011:
Fighting the cuts
Strike together, Protest together, Win together
Defend the right to strike and protest
All out together on 30 November
Socialist Party workplace news
Southampton - opposing all the cuts
Electricians march to defend pay and conditions
Socialist history
The first shop stewards movement
International socialist news and analysis
Berlusconi quits as debt crisis hits eurozone's third largest economy
End the dictatorship of the markets!
Irish Socialist MEP Paul Murphy speaks out: solidarity with Palestinians in Gaza will continue
Socialist Party news and analysis
Murdochgate scandal shows need for democratic and accountable media
Stop the government austerity juggernaut
Jobs crisis - 'We can't afford capitalism'!
Socialist Party reports and campaigns
Thousands say no to fees, cuts and privatisation
Riot cops assault Occupy protesters
The Socialist - Readers' comments
Cuts kill - Poverty, despair and a suicide pact
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