Capitalism is like a great big game of Monopoly that rich people play, with the marked difference being that whatever happens in game time impacts, often very seriously, on ordinary people’s lives – especially on the lives of those watching Jeremy Kyle.
This is the near limitless supply (estimated to be in the hundreds of trillions of dollars) that is used to persuade nation states to bend the knee to the march of neoliberalism.
Neither freedom nor security, as Eisenhower was keen to impress upon the nation, are protected when the nation’s economic survival is reliant on a private armaments industry and an over-funded military apparatus.
Europe was never about unity and peace. It was never about ending war and the causes of war. From the very beginning, and without us really knowing it, the European Union was about building a whole new kind of violence.
In the name of tightening our belts and living within our means, to save the world, far-reaching spending cuts were introduced, largescale programmatic deregulatory policies were rolled out, and state assets we sold off wholesale resulting in greater unemployment, reductions in standards of living, and a loosening of working conditions.
It was no coincidence that the National Socialists in 1930s Germany (the Nazis), who were the first to implement the neoliberal policy of privatisation (or Reprivatisierung), banned all social and cultural youth organisations that were not explicitly under the directorship of the state.
The architects of global capitalism have learned that democracy is not a necessary ingredient in the capitalist recipe for economic hegemony. Indeed capitalism does not require a democratic system of state governance, and in fact it has often shown itself to be a hindrance to the will of the free market.