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![๐๐๐๐๐๐๐๐๐] ๐๐จ๐๐ฅ๐๐ญ๐ฌ๐ข ๐๐๐๐ค๐ข: ๐๐ฅ๐๐๐ค ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐๐ฆ๐ฉ๐จ๐ฐ๐๐ซ๐ฆ๐๐ง๐ญ ๐๐๐ก๐๐ฆ๐ ๐๐๐ฌ ๐๐ฎ๐ฌ๐ญ ๐ ๐๐จ๐ฏ๐ ๐๐จ ๐๐ฅ๐๐ฒ ๐๐ง๐ ๐๐จ๐ง๐๐ฎ๐ฌ๐ ๐๐ฅ๐๐๐ค ๐๐จ๐ฎ๐ญ๐ก ๐๐๐ซ๐ข๐๐๐ง๐ฌ; ๐๐๐๐ฅ๐ญ๐ก ๐๐ ๐๐จ๐ฎ๐ญ๐ก ๐๐๐ซ๐ข๐๐ ๐๐๐ซ๐ ๐๐ฅ๐ฒ ๐๐ซ๐๐๐ญ๐๐ ๐๐ฒ ๐๐ฅ๐๐๐ค ๐๐๐จ๐ฉ๐ฅ๐; ๐๐ฅ๐๐๐ค ๐ฉ๐๐จ๐ฉ๐ฅ๐ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐๐ซ๐ข๐๐ ๐ก๐๐ฏ๐ ๐ ๐ฅ๐จ๐ญ ๐จ๐ ๐ฉ๐จ๐ฐ๐๐ซโฆ ๐๐ฎ๐ญ ๐ญ๐ก๐๐ฒ ๐๐จ๐งโ๐ญ ๐ช๐ฎ๐ข๐ญ๐ ๐ค๐ง๐จ๐ฐ ๐ก๐จ๐ฐ ๐ญ๐จ ๐ฎ๐ฌ๐ ๐ญ๐ก๐๐ข๐ซ ๐ฉ๐จ๐ฐ๐๐ซ; ๐๐ก๐๐ง ๐ ๐ฐ๐๐ฌ ๐๐ญ ๐๐๐๐๐๐, ๐ ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐๐ ๐ญ๐ก๐๐ญ ๐ญ๐ก๐๐ฒ ๐ฌ๐๐ญ ๐ฎ๐ฉ ๐ ๐๐๐ง๐ค ๐จ๐ ๐ญ๐ก๐๐ข๐ซ ๐จ๐ฐ๐ง ๐๐๐๐๐๐ (๐๐๐ง๐ค), ๐๐๐๐๐ฎ๐ฌ๐ ๐๐๐๐๐๐ ๐ญ๐ก๐๐ง ๐ก๐๐ ๐.๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ฆ๐๐ฆ๐๐๐ซ๐ฌโฆ ๐ฉ๐๐ฒ๐ข๐ง๐ , ๐๐ฏ๐๐ซ๐ฒ ๐ฐ๐๐๐ค, ๐ฌ๐ฎ๐๐ฌ๐๐ซ๐ข๐ฉ๐ญ๐ข๐จ๐ง (๐ฎ๐ง๐ข๐จ๐ง ๐๐ฎ๐๐ฌ). ๐จ๐ฏ๐๐ซ๐ซ๐ฎ๐ฅ๐๐ ๐๐ฒ ๐ฆ๐ฒ ๐๐จ๐ฌ๐ฌ, ๐ฐ๐ก๐ข๐๐ก ๐ฐ๐๐ฌ ๐๐๐ฒ ๐๐๐ข๐๐จ๐จ; ๐๐ก๐๐ญ ๐ฐ๐๐ฌ ๐ง๐จ๐ญ ๐ข๐ง ๐ญ๐ก๐ ๐ง๐๐ ๐จ๐ญ๐ข๐๐ญ๐ข๐จ๐ง๐ฌ ๐ฐ๐๐ฌ ๐ญ๐ก๐ ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐ฌ๐ข๐๐ ๐จ๐ ๐ญ๐ก๐ข๐ง๐ ๐ฌ; ๐ ๐ฅ๐จ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐ฐ๐๐๐ฅ๐ญ๐ก ๐จ๐ ๐๐จ๐ฎ๐ญ๐ก ๐๐๐ซ๐ข๐๐ ๐ข๐ฌ ๐๐๐ญ๐ฎ๐๐ฅ๐ฅ๐ฒ ๐จ๐ฐ๐ง๐๐ ๐๐ฒ ๐๐ฅ๐๐๐ค ๐ฉ๐๐จ๐ฉ๐ฅ๐ NtsikiMazwaiMedia delivering more ๐ for the nation. Fascinating chat! ๐ฅ๐ฅ๐ฅ๐๐พ๐๐พ๐๐พ๐๐พ๐๐พ โThe ANC had the power, and it still has the power, to come up with economic policy that benefits everybody but, as I pointed out, through things like Black Economic Empowerment, a lot of its leaders have been co-opted, to just leave things as they are.โ โThese guys who are in these BEE schemesโฆThatโs one of the main drivers of this corruptionโฆ these BEE schemes. [But] for big business โ as long as you donโt touch my business โ when you steal, actually, a lot of this corruption is stealing taxpayersโ money.โ โthey (big business) chose black leadersโฆ These guys set up Black Economic Empowerment. Many people naively think that Black Economic Empowerment is there to advance Black people. Actually, itโs there to do the opposite.โ โLetโs take one step Back. The wealth of S Africa was largely created by Black South Africans. First, they own the land. So it was their land. It was taken from them; and the minerals under the land were also taken from themโฆ They became the workers to build the mines. So, in real terms, the profits and the capital belongs to them as well. So, when weโre talking about capital in S Africa, itโs actually a national asset. [But] people think itโs a white man this, white man thatโฆ When you start to look at who owns these big companies in South Africaโฆ Many people naively think that the white managers own them (big companies). They donโt. Actually, a big part of some of these companies are owned by the Black people through their pension funds, their medical aid, their savingsโฆ but they donโt understandโฆ how to get the profits and have a say in how these companies are managed. They just give it to fund managersโฆ You are actually a co-owner of Anglo Americanโฆ If you donโt ask, they wonโt tellโฆ Your money, your savings are in Sanlam, in Old Mutual. You are a co-owner of this. So we have to be careful about who owns the wealth of S Africa. A lot of the wealth of South Africa is actually owned by Black peopleโฆ but they are not in insisting thatโฆโ โBlack people in South Africa have a lot of powerโฆ but they donโt quite know how to use their power and, of course, the other side is not gonna tell youโฆ They say, leave it to us, we will invest the money and, now and then, pay your pension, or whatever it is; the profits that comeโฆ Thatโs what our trade unions were supposed to do - One of the things they were supposed to do. In fact, when I was at COSATU, I suggested that they set up a bank of their own COSATU (Bank), because COSATU then had 1.8 million membersโฆ paying, every week (dues). I said letโs setup a commercial bank, which will finance black entrepreneurs, which will finance housing for our members, who were living in the shanty townsโฆ but I was overruledโฆ ๐๏ธ](https://image.24vids.com/tw-1747872282997866541/amplify_video_thumb/1747870936844419072/img/lY2m-f1QviA2Exw4.jpg)
![The Economics of Europeโs Descent into Warmongering โ and our duty now! My speech at the European Parliament on the theme of โThe Economic Conditions of Peaceโ, Tuesday 10th June 2025 [INTRODUCTION] A year ago, I would have started this speech with a lament about the hitherto unimaginable conversion of the European Union from a Peace to a War Project. Not so today. Over the past year, warmongering has seeped into the very fabric of the Union, it has trickled into every policy, it has soaked every one of the thinktanks that generate Europeโs dominant narratives and creeds. Today, therefore, it makes no sense to lament what is now a fact: The EU is now a fully-fledged War Project โ a project that will either land us in permanent war, or it will bankrupt us further, or probably both! Europeโs military Keynesianism, I shall be arguing, is guaranteed to make Europe less safe, more unequal, weaker. Only two interesting questions remain: Why has Europe taken this road? And, now that Europe is on this war path, what is ourduty to our people, to Europeans, to Peace? Let me begin at the very beginning. [THE EU WAS DESIGNED TO BE SUBSERVIENT TO THE UNITED STATES] At the risk of irking Europeanists who believe in their own creation myth, let me be clear: The European Union (from its beginnings as the European Communities of Coal & Steel) was an American Construction โ a part of a US Global Plan that also comprised the Bretton Woods System, the Truman Doctrine and, of course, NATO. Yes, most Europeans hankered for no more war and no more totalitarianism. But the EU was designed in Washington DC. And it was designed specifically not as a competitive market but as a Big Business Cartel run by a democracy-free bureaucracy (also known as the European Commission) not coincidentally located a stoneโs throw from NATOโs headquarters. From 1950 on, the EU was nurtured by and in tune with the interests of the United States โ an inconvenient fact both for Europeโs self-important rulers and for Donald Trump. Looking back, a common thread runs through the entire history of the EU: its total economic dependence on the United States. Initially, the EU was deeply dependent on being part of the Dollar Zone. Then, from 1971 onwards, it was deeply dependent on the American trade deficit. So, one way or another, Europeโs deep dependence on the US was ingrained into its architecture. It will thus take much more than mere pronouncements - or a few hundred billion borrowed euros spent on weaponry - to shed Europeโs in-built dependence on the United States. The fact that the EU was, from the beginning, fashioned as a Big Business Cartel is the reason why the EU needed fixed exchange rates: Currency fluctuations destabilise any cartel, making it hard to maintain the necessary levels of collusion between its participating producers. From 1950 to 1971, the US took care of this problem on Europeโs behalf. As long as it was running a trade deficit with the United States, Europeโs cartel was embedded in the dollar zone โ its currencies tied to the dollar But, when around 1969 Europe (and Japan) started running a trade surplus with the United States, it was game over. On 15th August 1971, the Donald Trump of that era, President Richard Nixon, jettisoned Europe from the dollar zone, his Treasury Secretary cynically telling the dumbfounded Europeans: โFrom today the dollar is our currency but it is your problem!โ Two things happened next. First, to save their Big Business Cartel the Europeans scrambled to create their own fixed exchange rate regime. They tried everything: The Snake. The European Monetary System. The European Exchange Rate Mechanism. They all proved flimsy designs that speculators had no trouble crushing. So, in desperation, they created the most noxious currency the human spirit could fashion - the euro. The second development was that, as America expanded its budget and trade deficits, the Eurozone morphed into a German-led net exporting machine whose aggregate demand was subcontracted to the United States. In effect, Americaโs twin deficits operated like a huge vacuum cleaner that sucked into America Europeโs net exports as well as the European exportersโ profits which were thus invested in US Treasuries, US shares and US real estate. Thatโs how, once it was expelled from the dollar zone, Europe became addicted to the US deficits. That was what the Nixon Shock did: It converted Europeโs utter reliance on living within the dollar zone into an even greater dependence on the US deficits. [NEVER MISSING A CHANCE TO MISS AN OPPORTUNITY] Here in Brussels they love the expression that Europe progresses from crisis to crisis. Thatโs another delusion. The crisis of 2008 was our greatest opportunity to render the European Union viable, and to end its deep dependence on the United States. ยท The French and German banks went bankrupt. ยท The Eurozoneโs impossible rules were in tatters. ยท A domino effect, beginning with Greece, was bankrupting our governments. It was the perfect opportunity to transform the EU from a Big Business Cartel, inherently reliant on the US for its aggregate demand, into a functional, internally balanced federation. Instead, Europeโs radical centre (both the centre right and the centre left) decided that they would change everything so as to ensure that nothingchanges. In this vein, they did their worst: Universal austerity for the many. And frantic money printing for the financiers and Big Business. What happens when you crush the incomes of the many and hand over trillions to the very few? Since the many are too poor to buy high value added goods, business stops investing in productive capital โโ while the rich use the free cash to push through the roof house prices, share prices, Bitcoin prices, art, asset prices in general. The natural result is soul-crushing levels of inequality and deep popular discontent. The people got desperate. They even voted for radical progressives like me to enter the Eurogroup! Then, in horror, Brussels and Frankfurt overthrew us, or made Mr Tsipras overthrow his own government, using not the tanks, as they did in Greece in 1967, but the banks โ not that much of a difference really! A coup dโ รฉtat is a coup dโ รฉtat. [TWO SYMBIOTIC AUTHORITARIANISMS] Guess what happened next: Just as in the mid-war period, xenophobic ultra-rightists rose up from the woodwork. They proved a godsent for the shockingly unpopular radical centre whose politicians could now say to voters: It is us or them! But it was equally a godsent for the ultra-right who needed the radical centre to impose the austerity policies which created the discontent which fuelled the anger that delivered the ultra-right votes. To put it differently, if Macron and Le Pen had any sense, they would each keep a framed picture of the other on their bedside tables, saying a little prayer in their hated opponentโs name every night before going to sleep. [SMOKE AND MIRRORS] Liberal Totalitarianism and Ultra-Right-Xenophobic Totalitarianism are accomplices, they feed off each other. Meanwhile, austerity for the many and money printing for the few depletes Europeโs productive foundations, its social fabric, its sense of purpose. Thatโs how the European Union lost any legitimacy it had in the eyes of the public. Sensing this, the Liberal Totalitarians in charge came up with one failed Grand Initiative after another. Who can forget the eminently forgettable Juncker investment plan, the Banking Union, the Green Deal, or the Draghi Report that has now joined them in Historyโs Dustbin? Impressive numbers were announced that, alas, dependably failed to materialise. It was inevitable. As long as our rulers said NO to the political union that could sustain a proper, macroeconomically significant, eurobond, the money to fund the necessary investment could never materialise. Even when they โ finally โ during the pandemic โ did issue common debt, they ended up with common liabilities but no common purpose. Every Grand Initiative ever announced was a dance with failure, smoke and mirrors by which they disguised Europeโs nakedness. The result? After fifteen years of ZERO NET PRODUCTIVE INVESTMENT, ยท Germany is deindustrialising fast, and along with it Eastern and Central Europe, Austria, Northern Italy ยท Political paralysis grows on the back of fiscal pressures ยท Neofascism and xenophobia are rising up everywhere ยท Europeโs dependence on the United States grows stronger at the time Donald Trump is cutting Europe loose ยท The Rest of the World looks at Europe as a sad case of what could have been, an irritating irrelevance. In this sad context, our great and good leaders had another woeful idea for a Grand Initiative: Now that the Green Deal is dead-in-the-water and the Recovery Fund is spent, why not try Military Keynesianism? [THE FOLLY OF MILITARY KEYNESIANISM] Ladies and Gentlemen, Military Keynesianism works in the United States because America has the federal institutions, the monetary sovereignty, the fiscal power, the technostructure, and the common procurement process that are essential in implementing Military Keynesianism. Europe has none of that, nor does it have leaders interested in acquiring any of that. This is why Military Keynesianism cannot work in Europe. Thank goodness it canโt work, I say! For if it could work, Europe would have to emulate the United States in starting a war every year so that the stocks of ammunition, missiles et al could be depleted sufficiently to justify the new colossal orders necessary to maintain Military Keynesianism. Nevertheless, while Europeโs Military Keynesianism cannot and should not work, it serves a purpose โ it is a kind of a solution for, say, Volkswagen: Now that Volkswagen can no longer sell its cars, it hands over whole production lines to Rheinmetall to produce Leopard tanks which von der Leyen makes Greece and Italy buy even though we neither want nor need them. Yes, Military Keynesianism will fail Europe badly, but not before it further bankrupts our states and throws more fuel onto the fire burning down lives and dreams in Ukraineโs killing fields. So, let me be frank: ยท No really-existing enemy of Europe shakes in his boots watching a stagnating, heavily indebted Europe, invest billions in weaponry. Quite the opposite! ยท Military Keynesianism will end up as Europeโs New Austerity for the many and a new money spinner for the few. ยท It will make Europe weaker while prolonging the Ukraine War in a manner that is detrimental to the stated aim of supporting Ukraine. [EUROPEโS SURRENDER TO NATO, ITS ROLE IN UKRAINE] It is at this point that angry yelps will rise up from the press gallery. Canโt you hear them ask: "โIs Russia not ante portas?โ โIs Europe not in danger?โ โShould Europe remain defenceless, especially now that Trump is abandoning Europe?โ My answer is clear: Weakening ourselves economically through a Military Keynesianism that constitutes the New Austerity which will, with mathematical precision, diminish Europe further is no way to make Europe stronger! And lest we forget, Europe already has 1.5m men and women in uniform while, over the past decade, we spent โฌ2.7 trillion on defence โ a period during which our net productive investment was zero! Now, NATO demands that we spend three times as much - which is totally insane, given how wastefully that โฌ2.7 trillion was spent. In this light, surrendering our foreign and defence policies to NATO, and sinking further in unsustainable debt just to satisfy President Trumpโs demands for more military spending, is the surest way of making Europe more dependent, less secure, uglier and sadder. In this context, the powers-that-be here in Brussels are anxiously trying to keep their jobs and boost their budgets by spreading the lie that NATO had to expand in order to deter Russian aggression โ when it is exactly the other way round: Like the Mafia, NATO expanded to create insecurity in order to sell us protection! Does this mean that Putin was right to invade the Ukraine? Of course not. What it means is that NATO and Putin are accomplices โ that they needed one another in their joint bid for a confrontation that strengthened both โ at Europeโs expense. It also means that anyone truly interested in Europeโs security and prosperity 1. must dispel the lie that Russia is about to invade us โ it canโt even if it wants to 2. must work tirelessly to kill Europeโs Military Keynesianism, and 3. must work toward a European Peace Process which uses Russiaโs confiscated monies not as a piggybank for more useless Leopard tanks and Leonardo missiles but as a bargaining chip to end the Ukraine War in the context of a comprehensive EU-Russia Peace Treaty. As for the politicians in this town who will not rest until they see Russia on its knees, I have this to say to them: If you really wanted to weaken Russia, to bring Russia to its knees, you should have worked hard to admit Russia into theโฆ Eurozone. In one fell swoop the euro would have wrecked Russiaโs productive basis, it would have indebted its people and its state, it would have made its leaders rush to Brussels and to Frankfurt with begging bowl in hand! You think I am joking. But there is too much truth in this joke for comfort! To sum up my argument so far, Europeโs economic stagnation was the product of its total dependence on the American deficits. This dependence yielded Europeโs complicity with the decade-long American project of inciting a war in Ukraine. And now that the US is decoupling, our rulers โ resembling decapitated chickens โ are running around without their heads screwed on, struggling to find ways of continuing to impede Peace in Ukraine so as to use military funds to prop up Europeโs faltering Big Business Cartel. [WHATโS BEHIND EUROPEโS ETHICAL DECAY: GAZA, TOTALITARIANISM] Ladies and Gentlemen, as we speak here today, Europe is falling headlong into another ethical void: complicity in the Palestinian genocide. It is not just the embarrassment, also known as Mrs Ursula von der Leyen, posing like a cheerleader of Israelโs genocidal army in front of its tanks hours before they stormed Gaza. No, the European Union is not merely complicit due to our subservience to the United States. No, the European Union is also enabling, it is in fact funding, the war criminals of its own accord. Directly. Cynically. With no compunction. ยท BNP PARIBAS and ALLIANZ underwrite the issues of the Israeli government bonds that fund the Israeli meatgrinder in the Palestinian Occupied Territories ยท MAERSK is the prime transporter of the military machine at work in Gaza ยท Since 2007, the European Union has channelled โฌ2 billion of research funding to Israeli entities producing the means by which Palestinians are ethnically cleansed, targeted, murdered and maimed. But there is something even scarier going on: Some of our top institutions depend financially on backing Israelโs genocide. If Europe were to do its duty and sanction Israel, the Technical University of Munich stands to lose โฌ195.4 million from the EUโs HORIZON program which funds the University to carry out joint research with Israeli institutions. Ladies and Gentlemen, Europe carries an enormous guilt. The pogroms against the Jews started here, in Europe. Europeans carried out genocides across Africa, in the Americas, in Australia. By forming the EU as a Peace Project, we claimed a chance to make amends for Europeโs past genocides. However, our dependence on the US and our ruling classโs penchant to profit from imperialism have made this impossible โ and so Europeโs hands are, again, covered in the blood of innocents, in Gaza, in Ukraine, in the Sudan, in Libya, in Yemen, in Syria. It has also brought totalitarianism back into our midst, here in Europe. When the German authorities banned me from entering Germany for the crime of co-organising with German Jews a conference on the theme of โA Just Peace in the Middle Eastโ, they were making a point: To them, letting the rivers of Palestinian blood flow unimpeded represented their chance of washing off their hands the guilt over the Holocaust, over the other German genocide in Namibia, of Belgiumโs crimes against humanity in the Congoโฆ It is, therefore, a clear warning to us: Economic stagnation begets warmongering which begets a revived European white settler mentality. This Europe has fallen so far into a moral crevice that it cannot easily climb out of it. Europeโs Liberal Totalitarianism, which we in Greece experienced in all its horror ten years ago, is now everywhere โ and it is throwing wide open the gates through which Xenophobic Ultra-Right Totalitarianism arrives to darken our doorstep. The time to rise up against both forms of totalitarianism is now. On behalf of the peoples of Europe. [WHAT MUST WE DO?] So, what must we do? Let us begin by grasping that: ยท The economic condition for Peace is to de-couple Europe's economy from America's wars! ยท But for that we must end, once and for all, Europeโs dependence on the United States. ยท This entails ending Europeโs dependence on net exports to America. ยท Which means rebalancing Europeโs internal economy through o new productive green investments, o an end to structural austerity o an end to the madness of cartel-infested electricity โmarketsโ o a new monetary commons by which to end the bankersโ monopoly over payments and to institute a personal dividend for all o a new EU-China deal that liberates us from Americaโs agenda of intensifying a pointless New Cold War at our expense. Only by transforming Europeโs political economy can we end the never-ending fragmentation which breeds war, totalitarianism and the embarrassment of being led by cheerleaders of genocide and permanent war with Russia, like Ursula von der Leyen and Kaja Kallas. How can we accomplish that? In two ways. First, we need a Credible Plan for a Europe worth fighting for. Second, we must organise a campaign of civil and governmental disobedience in our countries and, potentially, in the European Council until our Plan for Europe gets a chance. We, DiEM25, have worked for a decade on this Plan โ our Green New Deal for Europe โ and are happy to share it with you, so that you can refine, revise, adapt it. You, the 5S Movement and other parties eager to partake across Europe, have the organisation that we lack so that, together with our MERA25 transnational parties, we can together help organise the campaign of civil and governmental disobedience without which nothing will change, nothing will impede Europeโs, Italyโs, Greeceโs, indeed Germanyโs secular decline. [CONCLUSION] So, to conclude, seventy-five years of this European Union teach us that we face a stark choice. A choice between a Dependent-on-the-United States, Warmongering, Stagnating Europe. Or an Independent, Non-Aligned, Prosperous, Green Europe. A choice between a von der Leyen-type Commission that greenlights genocide, impedes Peace, illegally deletes her Pfizer chat history, lobbies for Lockheed Martin, and borrows money we canโt repay to buy weaponry we do not need - while condemning People and Planet to impecunity. Or European Institutions optimised against raw power and in favour of common prosperity. A choice between being at the beck and call of the boardrooms of Rheinmetall, Leonardo and Pfizer, blind to the tax havens where war profits and tax fraud hide, while our coastguards turn refugees into corpses. Or a Europe of rational, that is a radical, humanism. To even have this choice, our immediate task must be to end war, to end genocide and to terminate before it is too late the New Austerity going by the name of Military Keynesianism.](https://image.24vids.com/tw-1933459747866316884/amplify_video_thumb/1933456380167364608/img/Up__hbhEoJPhHmsi.jpg)
