28 January 2023

The Ukraine War: A Double Windfall for Western Capitalism

https://www.france24.com/en/france/20230109-macron-s-pension-reform-necessary-changes-to-an-unsustainable-system

https://www.bbc.com/news/world-europe-50670613

https://www.msn.com/en-gb/news/world/macron-boosts-french-military-spending-by-over-a-third-to-transform-army/ar-AA16z12S

This double windfall for capitalism is most clearly demonstrated by recent events in France. President Macron has announced pension reform. He argues (contrary to the numbers) that the present system is unsustainable and as such he wants to raise the minimum retirement age and expand the contribution requirement resulting in lower payouts for some. The money just isn't there, he argues.


But at the same time, Macron is proposing to significantly expand the military budget of France – all justified of course by the threat of Russia, the same Putin regime that couldn't even take Kyiv. France may seem a minor player in military terms when compared with the likes of the United States or China, but in reality Paris is a major player on the world scene. It is still active within the confines of its former empire and it is a major arms vendor – with a particular appeal to nations that are looking for an alternative to the United States.

France will build up its military – this move itself part of a larger complex set of issues regarding its relationship to Atlanticism and the rest of Europe, but French markets are also looking to cash in on sales – which is also a vehicle for political influence and control.

Often referred to as the president of the rich, the pressure from Macron's market backers is apparently strong enough that he's willing to risk a repeat of the Yellow Vest Protests that plagued him in the years leading up to Covid.

The war allows one industry to thrive but also provides a cover for a social and fiscal austerity agenda Macron (and other leaders like him) have been trying to implement for some time. We see similar moves in the United States and even in the UK where the Labour Party is now more or less on board with the Tory privatisation programme for the NHS.

War provides a convenient smokescreen for the implementation of radical policy and for many Western leaders the propaganda campaign regarding Ukraine (it is hoped) will unify divided populations. Fear of the Russians and all the rhetoric about freedom and rights is employed to distract from internal divisions and griefs. The attacks on the NHS are directly connected to the rumours that Jeremy Hunt, the Chancellor of the Exchequer is expected to announce a significant increase to the UK's military budget in the near future. These governments are all using the same script and their 'left-wing' opposition parties (all beholden to the same financial interests) after a little drama and showmanship reveal that they're also on board with this agenda of austerity and militarization - a profit windfall for the financial class.

It also needs to be understood that such 'reforms' also are meant to guarantee dysfunction in the targeted bureaucracies and institutions. Dysfunction will necessitate further 'reforms' and calls for change and efficiency. It's a means to undermine and ultimately dismantle these social programmes. In the case of France and the UK, the corrupt political class is simply echoing an old GOP trick from across the pond and one the new congress is about to take up in earnest.

See also:

https://www.bigissue.com/opinion/selling-off-our-nhs-piece-by-piece/

https://morningstaronline.co.uk/article/b/starmer-dodges-question-over-employing-hiring-private-healthcare-lobbyist

https://twitter.com/SkyNews/status/1617164513995902977

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