What’s behind the global bankers’ austerity programs: Seizure of public property for corporations

What lies in store for Greece, Portugal, Spain, Ireland, Italy, and, in short order, the United States, is the wholesale sell-off of public property to private corporations at bargain basement prices. What the despots who gather in their secretive lairs at Davos, Cernobbio, Bilderberg, and G8/G20 are bringing about is a world where no property is owned by the state, which by default means the people. Total corporate control over every facet of life equals extreme fascism.

What is occurring in Greece is a bellwether for what will befall other nations in Europe, as well as the United States, if the bankers get their way. And in Greece, the people know how generations of investments by the taxpayers are being turned over to vampire capitalists who have the full backing of the International Monetary Fund, European Commission, and the European Central Bank.

The European and global bankers have demanded that the Greek government sell off entirely or assume a minority stake in a number of state enterprises and utilities.

For example, this year global capitalists are slated to acquire 84 percent of OTE, the Greek telecommunications provider. In addition, private bankers will assume 66 percent ownership of the Greek Postal Savings Bank; 51 percent of the National Lottery; 60 percent of the Salonika Water Authority; 68 percent of DEPA, the natural gas utility; and 25 percent ownership of the ports of Piraeus and Salonika.

Next year, the capitalist grab for public property increases in intensity with Athens International Airport coming under 79 percent private ownership. The global capitalists will also obtain 100 percent ownership of the Egniata toll motorway; 60 percent of Hellenic Post; 66 percent of OPAP, the state-run video-lotto and online sports betting firm; 73 percent of the Athens Water Authority; 83 percent of DEI, the Greek Electric Authority; and 51 percent of the Greek Regional Airports Authority.

The Greek Communist Party has vowed to fight against the acquisition of public property by the private sector. In fact, it is the Communist parties of Europe that have been the most vocal against the power grab by the bankers but their opposition to the privatization moves receives very little attention by the corporate-controlled media.

Massive sell-off lists of public property are now being drawn up by the governments of Portugal, Spain, Italy, and Ireland. In the United States, there are calls for the privatization of the US Postal Service, Social Security, and Medicare.

One Libyan government official this reporter spoke to in Tripoli, during an intensive NATO bombing assault, opined that the same fate is in store for the Libyan Socialist Jamahiriyah. With the highest standard of living in Africa, Libyans could witness the U.S.- and NATO-backed rebel government begin to sell off Libyan government assets to global capitalists. The Libyan official said, “These people [global bankers] would sell the air if they could get away with it.”

Previously published in the Wayne Madsen Report.

Copyright © 2011 WayneMadenReport.com

Wayne Madsen is a Washington, DC-based investigative journalist and nationally-distributed columnist. He is the editor and publisher of the Wayne Madsen Report (subscription required).

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29 Responses to What’s behind the global bankers’ austerity programs: Seizure of public property for corporations

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  19. Charles F Moreira

    Thanks for a fine article.

    Unfortunately, the capitalist parties, including the social democrats won’t listen to the Communist parties or to the people.

    Instead, the Communist parties must lead the workers and people to take power.

    This is why I have so hated, especially neo-liberal capitalism and capitalist/imperialist globalisation.

    What is happening to Greece is an ultimate example of what globalisation has to offer.

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  25. What capitalists? Fake money backed by murder is not capital.
    Fraud is not capitalism. Lending fake money at interest is fraud.

  26. The global financial capitalists deserve to have everything. They stole it fair and square, right from under our noses. They patiently waited for our apathy, they paid for our programming, restructured our society and cultures. They bought off our elected officials while at the same time preaching democracy! That’s brilliant! And those of us who could see the master plan unfold were pigeon-holed and labeled as “conspiracy theorists!” Brilliant! So stop whining, the game is over. Embrace your new totaliatarian masters. Or get out in the streets and and make some noise. It’s probably too late, and we are too unorganized. Oh well, I guess we will have to wait for the Second Coming before anything gets done on this sick planet. Or when the price of food skyrockets and The Great Rationing begins. For now I want big brother to know I love him. He protects me from terrorists. That is more important than freedom and prosperity right?

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