COVID-19: A US Scheme for Greater Consolidation of Wealth and Power? – Global Research

covid-19:-a-us-scheme-for-greater-consolidation-of-wealth-and-power?-–-global-research

23-03-20 11:28:00,

Earlier global crises were manufactured to enhance the power of US ruling authorities, serve corporate favorites, and transfer wealth from ordinary people to privileged ones.

Since the neoliberal 1990s alone, that’s what the 1997-98 Asian financial crisis, 2000 dot.com bust, and 2008-09 financial crisis were all about.

Is that what’s behind COVID-19 fear-mongering, lockdowns, and market turmoil? Are things not what they seem?

If past is prologue, what was manufactured before appears to be happening again — establishment media playing a key roll as before by scaring the public to death.

While great care needs to be taken to prevent a highly infectious disease like COVID-19 from spreading, public angst generated by fear-mongering suggests motives other than protecting public health are in play.

Notably since the neoliberal 90s, US-led Western governments, in cahoots with corporate favorites, consolidated greater power and transferred enormous wealth from ordinary people to privileged interests.

For decades, monied interests never had things better, profiting hugely from market manipulated casino capitalism — at the expense of the public welfare.

Since the 2008-09 Wall Street orchestrated financial crisis, protracted Depression conditions adversely affected ordinary people in the US and elsewhere.

Poverty, unemployment, underemployment, homelessness, food insecurity, hunger, overall deprivation and human suffering are growth industries in the US and West.

While Washington spends unlimited trillions of dollars for militarism, forever wars, and homeland security to protect privileged interests from nonbelievers, vital popular needs to health and welfare increasingly go begging.

The world’s richest country doesn’t give a hoot about the vast majority of its people, just its privileged class.

Class warfare pits private wealth against public health and welfare. For decades in the US, wages haven’t kept pace with inflation. Benefits steadily eroded.

High-paying jobs with good benefits disappeared by offshoring to low-wage countries.

Improved technology forced wage earners to work harder for less. So-called free markets work only for elements that control them. See below.

Powerful interests benefit from class struggle by exploiting ordinary people with bipartisan support from Washington.

Instead of governance of, by, and for everyone equitably, only the privileged few are served.

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