Live Commentary on the Final Surrender to the Fiscal Institutions of Imperialism November 18, 2010Posted by Garibaldy in Capitalism, Crime, Fianna Fáil.
I should make clear that the title reflects my belief that the Irish state has pretty much always been run in the interests of the form of capitalism known as imperialism, with the wholesale adoption of neo-liberalism in the last decade and a half simply putting an ideological gloss on what was already the case. Having said that, it’s hard not to see the current state of things as marking a significant development of some sort. I take WBS’s point that the surrender of sovereignty involved has been exaggerated. But still. We never saw comments of this type in the Irish Times when the state surrendered its currency
[Is this] what the men of 1916 died for: a bailout from the German chancellor with a few shillings of sympathy from the British chancellor on the side. There is the shame of it all. Having obtained our political independence from Britain to be masters of our own affairs, we have now surrendered our sovereignty to the European commission, the European Central Bank, and the International Monetary Fund.
The surrender of currency was of course a surrender of a significant amount of sovereignty, one that took the dilution of democracy involved in EU membership to new heights. The joke made in some circles at the time that this represented as big a sell-out of the rights of the Irish people as the Treaty did have an edge to it. It is remarkable now to watch Lenihan and the like backtrack on what they were saying yesterday, after Honahan said he was expecting a loan from the IMF worth tens of billions. Lenihan is now saying the following
The problems do not relate to our budgetary position. Our budgetary strategy this year is front-loading a €6bn adjustment in the budget, has been fully endorsed by all of the ministers in Europe. That’s clear.
The problems we’re addressing here are problems of a structural character in the banking system, there are of a necessity, technical questions that require intensive discussions
which are now under way. The government and its EU partners are still examining options on what shape A package of financial assistance might take.
There is no question of loading onto the Irish sovereign and the Irish state some kind of unspecified burden. That’s why the government has taken great care not to take a formal
application at this stage but engaging in intensive discussion to see exactly what the options are.
So that’s alright then. Anyway, you can watch the final humiliation of the arrogant Fianna Fáil Celtic Tiger generation (the true heirs of the Fianna Fáil An Taca generation mercilessly criticised and exposed by the United Irishman newspaper in the 1960s, some of which can be seen in the CLR’s Left Archive) unfold minute by minute thanks to the Guardian.
To come back to the title of the post – this is the final surrender of the Fianna Fáil/Green coalition. The surrender of the state’s assets and policy to international financial capital will doubtless continue under the McCarthy report mark II on privatisation and the new government, whatever the specific elements of its composition. The crimes of the Irish bourgeoisie against the working class are far from over.
Socialism or Barbarism goes the saying. Looks like we’re in for a hell of a lot of barbarism, doled out at the hands of domestic and foreign callous asset-stripping capitalists.