CAPITACLISMO

Ronald Reagan was about to win the Cold War, that’s why the newspapers and the TVs and many people I met when I first arrived in Los Angeles in November 1987 were all praise & applause for the president; cowboy and actor with the cojones to put an end to the satanic URSS, the communist enemy, the Bolshevik threat. The Great Communicator was hitting harder than anybody to knock down the Berlin Wall, consequently he become a hero in the US; moreover, reaganomics seemed to work fine, achieving great success with concepts like the supply-side, the Laffer curve, the trickle-down effect and some more of that pseudo-scientific crap so loved by the economists and the journalists. The triumph of reaganomics was basically a consequence of military Keynesianism, that’s government intervention with enough strength to stimulate not only the war industry but the whole economical system –something not at all liberal; neither really Keynesian on spirit. Furthermore and above all, Reagan benefited from a global decrease in oil prices and the upturn of corporate profits due to the ongoing liberalization of the three horses of capitaclismo: financial casinos, tax heavens, labor infernos. Keynesian economists were being displaced at that time not only from the most prestigious universities but also from the mass media and the government desks of the most influential global institutions (IMF, WB, OECD). Yes we still got in the Monetary Fund people like Joe Stiglitz, soon downgraded to the second division in which economists not preaching the neoliberal bullshit must play. The grand guru on competitiveness fetishism of the free, efficient markets, Milton Friedman, was affirmed as the leader and commander-in-chief of the new era. Financial speculators, tax evaders, labor exploiters were empowered, feeling more and more confident to expand their businesses overlooking moral issues. Reagan injected a big amount of wealth into the military industrial complex at the expense of the welfare state, slashing funds for domestic programs attending the working class, the poor and the disabled. The sad and familiar phenomenon of homelessness in the US reached colossal proportions while urban schools and libraries, public hospitals, centers for people with mental disorders had to shut their doors. To hell with the war on poverty declared by Lyndon B. Johnson’s Great Society and Martin Luther King’s ideal of a world with no people, teeth rotten, begging on the streets.

One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.