Portuguese Revolution Falls Far Short
By Paul Craig Roberts
November 13, 2015 "Information
Clearing House" - The austerity
imposed on the Portuguese people by the One Percent has resulted in
the election of a coalition government of socialists, communists,
and a “left bloc.” In the 20th century, socialism and the fear of
communism humanized Europe, but beginning with Margaret Thatcher the
achievements of decades of social reforms have been rolled back
throughout Europe as bought-and-paid for governments have given all
preference to the One Percent. Public assets are being privatized,
and social pensions and services are being reduced in order to make
interest payments to private banks.
When the recent Portuguese vote gave a majority to
the anti-austerity bloc, the right-wing Portuguese president, Anibal
Cavaco Silva, a creature of Washington and the big banks, announced
that the leftwing would not be permitted to form a government, just
as the senior British general announced that a Labour Government
formed by Jeremy Corbyn would not be permitted to form.
True to his word, Anibal reappointed the
austerity prime minister, Passos Coelho. However, the unity of the
socialists with the communists and the left bloc swept Coelho from
office and the president had to recognize a new government.
The new government means that for the first in a
long time there is a government in Portugual that possibly could
represent the people rather than Washington and the One Percent.
However, if the new government leaves the banks in charge and
remains committed to the EU, the current president, previous prime
minister, and previous finance minister, Maria Luis Albuquerque,
will continue to work to overthrow the people’s will as occurred in
Greece.
The new Portuguese government cannot escape
austerity without nationalizing the banks and leaving the EU. The
failure of the Greek government to bite the bullet resulted in the
Greek government’s acceptance of the austerity that it was elected
to oppose.
In order to put the One Percent on the defensive,
the new Portuguese government should begin investigations of Silva,
Coelho, and Albuquerque. It is possible that they received payoffs
for turning Portugal over to the One Percent to be looted. The new
Portuguese government should turn to the BRICS for trade and
finance. Otherwise, as in Greece, the Portuguese people will be
defeated by the institutional arrangements comprising the Global
World Order that the One Percent have put in place.
The Greeks are being publicly looted in full view
by the One Percent, and the Greek government has submitted to the
total ruination of Greece and the Greek people.
The same will happen to the Portuguese if the new
government thinks that it can rule in a framework designed for rule
by the One Percent. Without a Revolution, western peoples are doomed
to penury and defeat. But there is no sign of a revolution in
Portugal.
According to the Financial Times, representatives
of the new socialist government have given reassurance that the new
government will not abandon the austerity policies. Mario Centeno
declared: “It’s not the direction we challenge, but the speed of
travel.”
Centeno is a Harvard-trained neoliberal economist.
He told the Financial Times that the new government was committed to
remaining in the EU and would continue with the austerity program,
only at a slower pace in order to reduce the adverse effects on
employment. Centeno says that the new government has no intention of
seeking debt writedowns. “Nobody with any sense thinks of not paying
debts thay have contracted.”
In other words, things had to change in order to
remain the same.
In his new book, Killing The Host,
economist Michael Hudson makes many things clear, foremost of which
is that as long as neoliberal economics reigns, so will the One
Percent.
In the Western world democracy has been
decapitated. In Ireland, Greece, Portugal, Latvia, and the United
States itself, there is no connection between the will of the people
and the policies of the government. Only in tiny Iceland did the
people prevail over the banks. Everywhere else the people are forced
to pay for the gambling losses and leveraged debts of the financial
sector.
What we are witnessing is the re-enserfment of
Western peoples.
Dr. Paul Craig Roberts was
Assistant Secretary of the Treasury for Economic Policy and
associate editor of the Wall Street Journal. He was columnist for
Business Week, Scripps Howard News Service, and Creators Syndicate.
He has had many university appointments. His internet columns have
attracted a worldwide following. Roberts' latest books are
The Neoconservative Threat To International Order:
Washington’s Perilous War For Hegemony,
The Failure of Laissez
Faire Capitalism and Economic Dissolution of the West
and
How America Was Lost.
See also
Greek police tear gas anti-austerity
protesters:
Police in Greece have fired tear gas to disperse anti-austerity
demonstrators after brief clashes broke out in Athens.