West downward: Problem of  capitalist system

-By DR. ABDUL RUFF

Dr. Abdul Ruff, Specialist on State Terrorism;Chancellor-Founder of Centor for International Affairs(CIA); Independent Analyst;Chronicler of Foreign occupations & Freedom movements(Palestine,Kashmir, Iraq, Afghanistan, Pakistan, Xinjiang, Chechnya, etc.) Former university Teacher; website: abdulruff.wordpress.com/write: abdulruff_jnu@yahoo.com. Call: (91)9349537946 or (91)0/8129081217

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US presidential candidates Obama-Romney evil twins put up a brave show to keep the educated Americans perpetual fools, even as the Pentagon target humanity in Islamic world.

Americo-Europeans or North Atlantic states have used their composite economic-technological advantages to the disadvantages of the rest of the world, Though Japan-China duo tried to replay this mo nstrous economic-tech challenge of the west by using their links with some of the western states (and china used it UNSC-veto handle and its Moscow links) , they are now prefer to play second fiddle to them.

In spite of all this, western economy and financial clout have badly shaken up on their won. America is the cause of this as well as the ongoing WW-III on Islam. Governments around the world were forced to take on increased debt as they made available trillions of dollars to prevent a complete collapse of the financial system. 

The capitalist breakdown began with a financial crisis that has now set in motion a deepening contraction in world economy. The western capitalist states under the most affected America employ very handy anti-humanity tools like austerity, militarism and the imposition of dictatorial forms of rule to suppress the popular anger. Therefore, there are increasing signs that the global economy is about to enter a new period of financial turbulence, coupled with deepening recession in a growing number of countries.

A repeat of the Great Depression of 1830s is on its way now. Great Depression came after a decade of financial and economic turbulence set off by the breakdown of global capitalism that began with the outbreak of World War I in 1914. Capitalist Americans and Britishers who consider themselves the most cunning lots, are very tactfully using Group of 20 or G20 to somehow save their collapsing economy and financial system.

It might be surprising to many that the collapse of the US investment bank Lehman Brothers led to the global economic breakdown that began in 2008. Americans want to outsmart the Europeans who, like Pakistanis, feel insecure and uncomfortable to exist without US presence. 

Unemployment rates have been on the rise in USA and Europe, crushing the people further, cruelly. Job cuts in thousands US corporate profits and earnings are expected to fall for the first time since 2009.  In Spain and Greece unemployment is already at 1930s levels. Yet the central bankers and capitalist politicians claim that while their actions may not have promoted growth, they have at least averted a return to the conditions of the 1930s. . Furthermore, the boosting of financial assets under conditions of slowing economic growth threatens to replicate the conditions that sparked the 2008 collapse on an even broader scale. This is because, unlike the situation four years ago, the central banks themselves are now heavily involved in financial markets and stand to lose massive amounts in a market collapse.

All economic manoeuvrings by the western capitalist regimes have done virtually nothing to boost the real economy of USA and Europe, though their only significant impact has been to increase profits through financial manipulation, with the ultra-cheap money provided by the central banks. The continuing financial crisis in Europe is a serious problem and has created fear in financial market,. While the central bankers continue to pump money into financial markets, these measures will do nothing to turn the situation around. 

European block nations under the EU are trying to impose new reforms meant only to put more pressure on the common people by austerity measures. Their main concern is the euro area would not break up. But the austerity measures, hated by the people, except the rich, whose high profit interests are taken care of by the these essentially terrocractic regimes. President of the European Central Bank Mario Draghi defends his euro crisis policies but promises to keep prices stable. 

Rising  prices for essential commodities have already put severe strains on the poor and common people in developing nations and countries like India deliberately  increase the prices  o for protecting the crony capitalists whose generous “contributions” to political parties both ruling and opposition keep the corporatist regime in god humours.  

Global terrocracies use the common people to come to power only to promote the crony interests of imperialist capitalists and shield imperialist crimes against humanity!  

Common people that make the majority of population in every country, must respond by developing its own independent program based on an intransigent political struggle for the overthrow of the bankrupt capitalist profit system and the bringing of the banks and major corporations under public ownership in order to establish a well planned world socialist economy that could offset the efforts of monopoly capitalists to control global economic as well as human development.

The ongoing WW-III in the form of fictitious terror wars has undoubtedly brought the roguish western nations operating under the Nato terror shield straight to the streets just like their militaries do, brutally occupying Muslim nations.