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OpEdNews Op Eds    H2'ed 3/16/10

Capitalism Is Dying a Natural Death

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In another part of the world, there is Latin America that is currently fighting for its independence from the Empire. The birth of Mercosur, the Common Market of the South, took place on March 26, 1991. Since its creation including Brazil, Argentina, Uruguay and Paraguay, Venezuela also joined on 17 June 2006. Bolivia, Chile, Colombia, Ecuador and Peru currently have associate member status.

Panama and Mexico have also announced their intention to join Mercosur.

On the other hand, Venezuela has also initiated ALBA (a symbolic acronym since alba means dawn), Venezueal's answer to imperialist free trade agreements ("Bolivarian Alliance for the Americas' or "Alianza Bolivariana para los Pueblos de Nuestra Amà ©rica'), which, to begin with, comprised Venezuela and Cuba. Later, Bolivia, Ecuador and Nicaragua have joined the alliance. Some islands in the Caribbean are also members. Honduras became a member in August 2008, but, interestingly enough, after the coup in June 2009 to overthrow President Manuel Zelaya, its membership was withdrawn.

"On December 16, 2009, the Honduran congress met to withdraw the country from the ALBA, claiming a "lack of respect" from Venezuela since the country's joining in 2008, citing in particular Hugo Chavez' remarks about a potential invasion of Honduras to restore Manuel Zelaya to office, after he was removed on 28 June 2009 in the2009 Honduran coup d'Ã ©tat. Withdrawal from ALBA was ratified by the Honduran Congress on January 13, 2010. Economic relations with Venezuela continue, including via Petrocaribe.

Mercosur and ALBA are the Latin American answer to NAFTA, CAFTA and FTAA, the U.S.- sponsored so-called free trade agreements, which are for anything but free trade, constantly raising trade barriers against foreign nations for the profit of the United States.

Conclusion

The United States, the lone superpower is no more. The sooner the leaders realize this, the softer will be the fall when the giant finally breaks down. Barack Obama gave Europeans and many others some kind of hope for a change of path by the callous behemoth. But no such thing has happened and no such thing will happen. Only the downfall of the Empire can now save the world. Unless it is already too late.

Are we seeing the emergence of another kind of New World Order, one of less arrogance, one of multi-lateral cooperation? The world is crying out for a new order where life-and-death issues will be handled by all the world's nations and not trampled on by one greedy colossus that imagines it is the monarch of the planet.



[1] "Friedman's political philosophy, which he considered classically liberal and libertarian, emphasized the advantages of free market economics and the disadvantages of government intervention and regulation, strongly influencing the opinions of American conservatives and libertarians." His influential book Capitalism and Freedom was published in 1962.

[2] La Riva/Puryear: Abolish NAFTA, CAFTA, FTAA, WTO, IMF, World Bank. Also see NAFTA/FTAA/CAFTA page

[3]Asia's financial crisis - There is no basis for the claim that the Asian financial crisis was due to a lack of sound economic fundamentals. The currencies of the affected countries were forcibly devalued and their financial systems were brought to ruin by the activities of speculators. The crisis has, however, revealed one glaring weakness: the absence of a lender of last resort for the region. (by Chandra Hardy)

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Siv O'Neall was born and raised in Sweden where she graduated from Lund University. She has lived in Paris, France and New Rochelle, N.Y. and traveled extensively throughout the U.S, Europe, and other continents, including several trips to (more...)
 

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