This video by Mark Fiore from the USA is called Assaulting Austerity.
By Peter Schwarz in Germany:
7 August 2012
Italian Prime Minister Mario Monti said Monday that Europe would fall apart “if governments are completely bound by the decisions of their parliaments.” Every government has “a duty to educate the parliament,” he added in an interview with the news magazine Der Spiegel.
Monti’s statement amounts to an admission that the numerous bank bailouts organized to rescue the euro in the aftermath of the 2008 financial crash, and the austerity programs launched to make the working class pay for them, have strained European bourgeois democracy to the breaking point. The responsibility of the government to parliament, and parliament’s control over the government—which Monti is questioning—is a basic principle of parliamentary democracy.
Monti attacks parliament, but his real target is the working class. For the vast majority of the population, it has already become impossible to influence politics through the ballot box. Major political decisions are made by the financial markets and their henchmen in Brussels, Berlin and the other European capitals.
In the recent elections in Greece and France, parties that appeared to promise an end to, or at least a moderation of, brutal social cuts received broad popular support. In France, the Socialist Party won the presidential election for the first time since 1988. In Greece, the Coalition of the Radical Left (SYRIZA) emerged as the second largest party.
Under these circumstances, Monti’s comment underscores the basic class agenda of the European bourgeoisie: to press ahead with the policies of the banks, whatever the outcome of elections or the size of street protests and strikes against austerity measures.
Monti knows well that the social counterrevolution demanded by the international financial markets is incompatible with democratic methods. He leads a government of technocrats that has no democratic legitimacy. Monti—an economics professor, advisor to Goldman Sachs and member of several conservative think tanks (Bruegel, Bilderberg Conference, Trilateral Commission)—is a trusted representative of international finance capital. At its behest, he succeeded the Berlusconi government last November without the holding of an election because Berlusconi had failed to cut the budget quickly and deeply enough.
Since then, the Monti government has systematically attacked the social gains and rights won by Italian workers since the fall of the fascist dictatorship of Mussolini at the end of World War II. It has reduced pensions, increased consumption taxes and eliminated legal protections against dismissal and other social rights.
The rich don’t pay taxes. Everybody knows that. Especially not in Italy, where governments have remained firmly on the side of the 1 per cent: here.
Last week, former German foreign minister Joschka Fischer (Green Party) published a column in the Süddeutsche Zeitung arguing for authoritarian forms of rule by the EU: here.
The Greek government has announced £9 billion in new cuts—but it can’t hide the chaos it is causing, writes Nikos Loudos: here.
Britain: Financial giant Standard Chartered saw its shares tumble by nearly a quarter yesterday as it became the second bank in as many months to be embroiled in money-laundering allegations: here.