When the cold war ended the question was ‘who decides where the world goes now?’
The answer - whoever has the money.
The creation of trillions via derivatives was a political more than an economic act. How is it that every significant economy in the world has followed the same path over the last 20 years? The US, Australia, Canada, Britain, Ireland, Spain, Holland, Italy, Greece, Germany and more - debt to astronomical degrees. This is not coincindence, it is global policy.
US offshoring of industrial production, accomplished without industrial unrest or trade union opposition through the simple means of flooding that country with cheap credit to opiate the people during the time of its deindustrialisation.
China, gathered into the global network through offshoring and the trade advantages accruing to it from worldwide credit on a massive scale.
What do we see here and everywhere? That those with the money dictated where the world went. So they created the money.
This is not an accident - you don’t run up 750 trillion dollars worth of derivates by accident. This is a political process.
In Ireland (and elsewhere) the availability of billions put Haughey and the previous shysters in the shade as regards access to unimaginably large amounts of money. So much money that FF were happy to sacifice both the country and their own party to get at it - the amounts were simply too much not to do so.
Same here as in the US, the trade unions stepped aside and enabled the process and the people were opiated during the transition.
Now the payment is due, worldwide. And the next step of the political process is generation of solutions out of crisis - global solutions, provided by those who generated the crisis. And for those who don’t play ball there’s the increasingly severe surveillance state.
This is political all the way through, with innumerable slobbering scalpers yelping and slurping at the trough throughout, ignorant.