The monster that is Capitalism is frightening the global elite involved in the consequences of their own making. Just like Frankenstein it is rampaging out of control. If you’re asset rich you just can’t help making more and more money while at the other end of the spectrum no cash means no food on the table, no heat and probably no roof over your head. The consequences of inequality can come back on you if you leave it spiralling out of control.
The lengths that the ruling elite will go to is illustrated with the passing of King Abdullah of Saudi Arabia. Scarcely distinguishable in its barbaric practices from arch enemy ISIS (funded like other excoriated groups including Al Quaeda from Saudi sources) flags on official building are at half mast while leaders and royals are dispatched to Riyadh to cry crocodile tears.
Meanwhile back in Davos issues of earth shaking importance are announced. Prince Andrew has made his first public statement on allegations of sexual impropriety. Talk of global warming, international aid is all put into sharp perspective. This is all about 1% of the world’s population defining what the rest of us are supposed to be concerned about. Reality recedes.
Interestingly Christine Lagarde has been making references to Marx including “Capitalism sowing the seeds of its own destruction”. The idea of “inclusive Capitalism”, as with “cuddly Capitalism” and other ideas which bring to mind the idea of throwing scraps to dogs, is invoked. Capitalism by its nature is the absolute antithesis of such descriptions. Clearly others in attendance at Davos are bored out of their minds when such ideas are raised.
In Europe the Marxist response looks most likely to emerge in Greece at tomorrow’s election. Scaremongering has been rife, but as the report by Paul Mason on the state of the parties there shows, anyone tainted with “Austerity” is likely to be summarily dismissed by many making Syriza the favourite. The left are starved of political oxygen, very clearly in the UK, where the crackpots of UKIP are chased around by the media while Socialism remains an unmentionable word.
Latin American countries have developed economic and political alliances which have offered alternatives to the powerful nations in the north of the continent who continue to threat and destabilise where they can. Pressure has mounted against Venezuela following the death of Chavez, so the question is asked who will support them from going the way of Allende’s Chile? Once again it is necessary to go to alternative sources of information to get a picture.