Automatically translated from Basque, translation may contain errors. More information here. Elhuyarren itzultzaile automatikoaren logoa

The dictatorship of capital

  • This August, once again, we have seen that markets or capital – speculators, big investors, big pension funds, banks – are not taking holidays. They are able to attack the most vulnerable countries in financial and economic terms, as well as powers such as the United States. The dictatorship of capital has no limits and it is only by clicking on the computer that it is capable of disrupting the economy of any country.

We saw this in August, with the action of the rating agencies against the United States. And we see it now in Madrid, with the constitutional reform pact of the PSOE and the pp to put an end to the deficit. It will also affect Hego Euskal Herria, in practice cancelling the CAV Economic Concert and the Navarre Convention and giving the green light to new social cuts. Anti-social and anti-national reform for all Basques.

This dictatorship of capital has little to do with human rights, political rights, health or the well-being of society. The only thing he is interested in is to accumulate more benefits every day, especially at the expense of the workers and the popular classes. It is in the interest of governments to introduce a trillion public money into banking, so that it continues to receive benefits. Governments kneel before him and, to their satisfaction, take anti-social measures: to limit the deficit, to freeze pensions and wages, to improve health, labour reforms, precarious employment… Capital, what happens in Africa – the millions of deaths in Somalia and in other ‘hungry’ countries – does not matter. Governments therefore also close their eyes to this hunger, because their obsession is to satisfy the markets, the capital. But the structural functioning of that Capital is exploitative and murderous, it is proving so.


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