Friday, January 9, 2009

The lugubrious decay of Western hegemony

As western society struggles with rising tensions, both within and outside of its borders, as those being colonized begin to throw their shoes in despair, and those who thought they belonged to the empire begin to realize that their dream is no longer sustainable, the organic intellectual is able to grasp the severity of the global crisis. As bankers announce their losses, the banking cartel slowly collapses. First, the major investment banks and hedge funds, then their traditional counterparts, all showing loses which only a year ago had been presented as ground breaking profits, as slowly the deck of cards unfolds and everything crumbles. Soon the job cuts begin, across continents furious workers revel against their enslaving owners, demonstrations, walkouts, sit-ins, failed negotiations between trade unions and shareholders. The sky is falling and the capitalist always strives to win. For a while, dormant workers watch their colleagues being laid-off, at first it seems an unavoidable aspect of capitalism, the dirty side of a casino culture, which rewards some at the expense of others. But then, neighborhoods begin to witness empty houses, people evicted, squatters moving in, the law can do little to prevent it, the numbers are too big to contain. The lobbyists in Washington are eagerly fighting for pieces of the bailout money prepared by a government, which faced with complete anarchy must regain a foothold in the corridors of power. Confidence must never be lost. Hence, a new face in the White House, a new man, a new dream, perpetuated by the chanting of hope. But things will never be the same in America, as young bankers spend their holidays in despair not knowing if their job awaits them in the coming year, the dark thoughts of unemployment begin to creep in. Obama proposes solutions, three million jobs to be created by rebuilding the fallen infrastructures of the great American empire. An empire, which in its boom forgot to cement its foundations and now collapsing, will offer its unemployed bankers the opportunity to go and fix roads.

As America crumbles, its allies must wait and hope. they too must hold tight to the idea of a rebirth, they too must put their expectations and dreams in the hands of Obama. For the allies, there is not much more that can be done. They accepted the American way of life, they indulged in the great American credit card culture and now, millions of people around the globe are tied to the demise of Wall Street, thus the saying, “when America sneezes the rest of the world catches a cold.” So, as frantic politicians of the axis of good scramble for some sense of stability for their countries, industries collapse, unemployment raises, and currencies begin to witness the prospects of inflation, deflation, stagflation, stagdeflation, and ultimately, what few dare to mention – depression and eventual collapse.

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