Glen Ford: "America is a Company-Owned Town"
... The U.S. has become a company town of speculative and extraction enterprises whose social and physical geography the rulers relentlessly appropriate, monetize and despoil - all with obscene abandon.
At the core of the 100 or so activists that gathered in New Orleans for anEmergency Summit to Stop the Gulf Oil Catastrophe, last weekend, were veterans of the ravages of Disaster Capitalism following Hurricane Katrina. They had seen up close how Capital and its servants at all levels of government organized themselves as a public-private mob to drive Black and poor people from the city. ...
Now the land and bayous and sea are made hostile to all life by the depraved indifference of voracious extractors who monetized, securitized and derivitaized the Gulf’s most deeply buried oil deposits years before the accursed Deepwater Horizon rig made its last, fatal thrust. The super-deep reservoirs of the Gulf were sold and their oil futures already leveraged to finance yet more assaults on man and nature, even before President Obama’s flip-flop on off-shore drilling in August, 2008, when he had the Democratic nomination in the bag.
Such world-shaping dealings have nothing to do with you and me, nothing to do with notions of democracy, because democracy does not exist in the United States, where finance capital and its extracting, hoarding, manipulating energy cousin, rule. There is no evidence of democracy anywhere that counts – not in the $14-plus trillion transferred directly to Wall Street, mostly by the quasi-public Federal Reserve, while the real economy in general and Black America in particular were stripped and gutted. No notions of an American social compact could deter the ruling class from acting out its pathologies on its own citizens when Katrina presented the opportunity. And no amount of public disgust at BP has moved Obama to behave as if he is beholden to the majority that elected him – for the simple reason that he is not.
For such a class, there is no room, rhyme or reason for anything resembling domestic nation-building, and they will not assign their servants in government to any such project. Worse than simply being on their own, the people face the same oligarchic enemy at the commanding heights of both the public and private sectors: the Democrat and the banks, the Republican and Big Oil, and vice versa – and all of them aligned with the military complex.
The pace of disaster-making is quickening in America, which indicates something very much like “the end is near.”
Maybe these overlapping pyrotechnics of horror – Katrina, the Crash of 2008, the Great Gusher in the Gulf – are necessary to teach Americans the nature of class war, that it is, indeed, hell. At any rate, the oligarchs can be counted on to accelerate the processes of their own demise. It is up to the people to save themselves, through organizing; there are no guarantees.