Selling nations.

Editor,

"Some Greeks Fear Government Is Selling Nation."

No.

"Greek Government Is Selling Nation."

Selling nations is just another kind of arbitrage, similar to a hostile takeover of a corporation, where its assets are sold off and what remains of it is saddled with enormous debt -- a handful of investment bankers pocketing enormous profits.

Selling nations is a tool of the "Washington Consensus," along with "austerity," another "structural adjustment," that transnational capitalists, enforcing their will via the IMF and World Bank, use (under the rubric of "creating jobs") to loot economies -- just like arbitrage houses loot corporations -- concentrating enormous amounts of money in the hands of a few multi-billionaires, like Carlos Slim in Mexico or the oligarchs in Russia under Boris Yeltzin.

Selling Iraq, for example, was one goal the neocons had in mind when they invaded that country, and selling Iran and selling Chile were primary objectives in overthrowing Mohammad Mosaddegh in 1953 and Salvadore Allende in 1973.

Re: "Some Greeks Fear Government Is Selling Nation" (6/23/2011)