(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)
the UP//:-)
131
oct 5 2002
la - la - la - lap-toppling da system!
(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)(\o/)
the new
human
be(gin)in
pp2-9
Lula:
Snatching Defeat from the
Jaws of Victory p.2
SETTING THE RECORD STRAIGHT
ABOUT
HAFFA MILLION
ANTI WAR DEMONSTRATERS
IN THE ONLY COUNTRY
THAT SUPPORTS BUSH’S WAR p.12
LondonLog 4
AN AMERICAN IN LONDON p.15
“BUSH WON HIS ELECTION
FAIR AND SQUARE
- BY 5 TO 4 IN THE US SUPREME
COURT” SAYS CLINTON p.20
U U U U U U U U U U U U U U U U U U U U UP P P P P P P P
P P P P P P P P P P P P P P P P P
The UPGRADEmag
(or just the "UP") is
a global edutainment round-up, ‘broadcast’ weekly to =[10,679]=
Alternative// Activist// Zippy// Trance// New Age
folks who’ve been recommended to the Parallel
YOUniversity//Megatripolis Dance Dept
as "showing signs of life".
Since many recipients choose to forward it to their
own lists, we estimate 29,000+
recipients. Further,
because of
its less 'specialist' content, it's increasingly
being posted on a variety of sites worldwide,
making a total weekly ‘readership’ of 275,000+
U U U U U U U U U U U U U U U
U U U U U U UP P P P P P P P P P P P P P P P P P P P P P P P
do u ever wonder if the world is going mad?
most of the time? me too.
(it’s my first deadline-free day since I started
planning last friday’s be-in :)
even leaving aside this mad iraq war bizness (ever noticed it’s IRA with a Q
added part of the demonisation of the man no doubt:) where the planet’s
biggest industrial power feels daily threatened by one of the smallest
industrial powers which couldn’t even hit israel a few years ago from a
hundred yards, nor beat iran in ten years, these last couple of weeks have
delivered an abundance of incipient insanities.
i don’t exempt the new human be-in from this, but more on this later :)
take the latest scientific “miracle” for example. in the same week in
which they announce a gigantic campaign to introduce a genetically modified
virus into africa’s (and eventually the planet’s) mosquito population, news
comes in that early gene therapy trials on very young human babies
has produced leukaemia
in some of them! some ‘unpredictable complication’ for chrissake!
Operation Successful / Patient 3 heads with green slime for eyes.
does someone pull a button and put a dead stop to the mosquito tampering plans
of some other department? who would do that? the prime minister?
too much computer-created investment in the whole genetic bubble to take the
risk.
when the hell will we start spotting bubbles before they really get growing?
never? or are we almost there?
HERE’S A PERFECT EXAMPLE OF THE
MADNESS
Lula:
Snatching Defeat from the
Jaws of Victory
‘Lula’ Luiz Inacio da Silva,
Brazilian Worker’s Party (PT) presidential candidate, looks increasingly
likely to win the Sunday 6th
October presidential election BUT IT WON’T MAKE ANY DIFFERENCE AND HERE’S
WHY:
Millions of ordinary Brazilians
(just as here and in many, even most countries) have high hopes for a clear
shift away from past years of ‘Washington
Consensus’ market reforms designed
to open up their economy to world markets.
For Brazil, like other Latin America countries, the combined policy of market
openness, attracting inward investment
and export-led growth
"has not brought the prosperity they had been promised: steadily
growing imports have eliminated jobs, and many of its most competitive exports
(steel, orange juice, shoes) continue
to face significant barriers abroad."
Financial Times.
SO THAT’S ALL RIGHT THEN.
THE PEOPLE WANT TO RUN THEIR COUNTRY DIFFERENTLY. EASY ENUFF IN A
DEMOCRACY, RIGHT? WRONG!
Millions voted against in a plebiscite on Brazil’s proposed joining of the
Free Trade Area of the Americas (FTAA),
the campaign organised by the Catholic Church, labour unions and NGOs s.
So for millions of ordinary Brazilians, now it seems their time has come in the
form of their saviour: Lula,
who’s scoring increasingly gigantic leads in the opinion polls. BUT
IT WON’T MAKE ANY DIFFERENCE AT ALL!
Because, unbeknown to them - and
possibly even to Lula
himself - the very manner in which global financial markets work ensures
that the policies implemented by Lula or any other incumbent must necessarily
conform to the interests of global investors and not to those of Brazilian
voters.
HERE’S HOW THE
SYSTEM SCREWS YOU
The left-of-centre ‘New
Labourish’ policies of higher
social/ environmental desired by the electorate and promised by Lula
will inevitably cost business more: just that, but because we are all run by a
mad cut-throat, short term, bottom-line economic system, this makes Brazil a
relatively unattractive place for global investors.
And, indeed, investors have been pulling funds out of Brazil over the
past weeks, ultimately forcing it to submit to the tender mercies of the IMF.
Check this Financial Times report on June 24th:
“SITUATION CRITICAL
On Friday, the Real plunged to an all-time low against the dollar... Spreads on
the country's sovereign bonds have widened alarmingly. The country's stock
market, Latin America's
biggest, has fallen to its lowest
level this year. International investors, it seems, are bailing out in
droves. ... Just weeks ago, international policy-makers were singing Brazil's
praises for exhibiting few, if any, signs of contagion from Argentina, its
deeply troubled neighbour. ....
At the root of market concerns is Lula...
Since early May, Lula's increasing opinion poll lead over Jose Serra has raised
the possibility that the former metalworker will become Brazil's next
president."
The markets are already
delivering their "CASTING VOTE" on who is to run Brazil - weeks before
the election!
For, though the people of Brazil continue to resolutely support Lula even
through the crisis that’s forced Brazil to ‘accept’ IMF
assistance, the actual conditions which all four main candidates have now been
forced to accept obliges them to now follow severe
austerity programmes, cuts in public services and,
of course, yet more privatisation.
As the Financial Times (Oct 2, 2002) explains:
"To secure its $30bn IMF
funding package, Brazil agreed to increase the size of it primary budget
surplus… to 3.75% of gross domestic product. All four main candidates have
agreed to maintain this policy into next year."
And that’s it. The
aspirations of millions of Brazilians are doomed to be disappointed. Lula,
"in power"
yet powerless to buck market / corporate demands and IMF
conditionality, will end up trying to fool a disappointed electorate through the
kind of limp, ‘Third Way’
spin which other countries have come to expect from the world’s ‘New
Labour’ parties.
THERE ARE NO REPTILES
IN CHARGE, THAT’S THE POINT
The “markets" or global
investors are not some sinister ‘evil conspiracy’ bent on subverting
democracy for their own benefit. “The
System made me do it”!!
Investment managers can’t afford to accept lower returns in Brazil when they
could be earning greater ones elsewhere. Who’d choose to deposit funds
with an investment company not at the top of the profits-delivery league?
Far from any conspiracy, we’re talking about the blind impersonal forces of
destructive competition engendered by today’s global free movement of capital;
forces which affect society from top to bottom, which are beyond democratic
accountability and nation states.
Not democracy, but a kind of global market dictatorship which demands business-
and market-friendly policies regardless of the party in power. No
nation, institution or investor has any control over this destructively
competitive vicious circle. Even if all the G7
nations attempted to re-regulate global markets, capital and corporations would,
to safeguard profits, share price and jobs, necessarily flee to the many
non-G7 financial centres. Do so they must. Not to do
so would be to lose out to other investors or corporations that do.
The IMF
, which people fondly imagine can solve such problems, has also become enslaved
to the myopic ‘Washington
Consensus’ mind-set which takes
the global free movement of capital as its unquestioned starting point; which
assumes competition to be exclusively beneficial. And thus, by ignoring
competition’s destructive side, they’re destined to exacerbate the world’s
economic problems while thinking they’re solving them.
THE BIG BANG
Ironically, genuine democracy went
out with a loud bang back in the 1980s: the much-vaunted ‘Big
Bang’ of Reagan-Thatcher
financial market de-regulation. Out-of-control global market competition
has been seen before - it led to the two World
Wars.
Unless the nations of the world learn to cooperate to re-regulate
global markets, global economic and
environmental problems can only get worse. If we fail to cooperate,
humanity will, once again, assuredly pay the price.
John Bunzl remix /