Remarks on the Crisis 2010 — The next lesson:
The Agenda of the Crisis-Competition of Nations

Since its beginnings in the markets for American mortgages, the great financial crisis has gone on for over three years now, and for the moment, those in charge are rather satisfied with themselves. A number of bankruptcies have been wound down or prevented by the state. Masses of worthless financial assets have been stowed away in bad banks or carefully written off, with state license and assistance. The ultimate powers have boldly intervened, preventing a massive financial meltdown by having their central banks provide liquidity and by granting loans from special government funds. Speculation against particularly heavily indebted eurozone countries and their common currency has been averted. After the deep recession of 2009, good money is being made again in the financial industry and the real economy — at least as far as German exports are concerned.

On the other hand, that mustn’t fool anybody into thinking that the crisis is “already” over. Experts are warning against announcing prematurely that all is clear and interpret “market signals” this way: from the money markets, which speculate on and then against the dollar and the euro; from the capital markets, which spurred on Greek bankruptcy while at the same time buying low-yield German bonds; from the global commodity markets, on which German firms are enjoying unexpected export success while America is failing as an “economic locomotive”; from the Chinese market, too, whose welcome boom is now suspected of crumbling soon. These are all reasons to worry — but about what exactly? Is inflation looming because of the masses of state-created liquidity? Or is deflation to be feared instead because of the weak U.S. economy, a lack of economic growth in Japan, and austerity policies in Europe? Will the crisis be followed by another bubble inflated by state credit, cheap money, and dyed-in-the-wool speculators? Or should one brace for longer-term stagnation and, at best, a dual-speed world economy? What kind of a risk does rapidly rising government debt pose? Or is there still too little of it to promote a sustained economic upturn? Is the speculation against Greece and the euro a scandal? Or do the speculators only bring up a painful subject, exposing the common currency as a misconstruction that cannot cope with the crisis? Is the credit guarantee for over-indebted eurozone countries a step toward regaining fiscal stability — or toward abandoning it once and for all? And so on, and so forth.

Crisis Management in the U.S.
The nation fights against its economic decline

A. Conflicting ways out of the recession

I. Culture War in America

II. Obama’s economic and financial therapy for the nation’s ailing economic base

III. The Republicans’ counterplans

IV. Worries and warnings about the catastrophic consequences of the political dispute help to intensify it

B. The U.S. has to be concerned about its money

I. The U.S. economy is the major exception in global capitalism

II. The identity between America’s national credit and the world’s capitalistic wealth has a price that has fallen due in the wake of the recent financial crisis

III. And the competitors are no longer the same either

Conclusion: New steps in implementing the crisis through the states’ crisis policies

 

The national uprising in Egypt
Lots of turmoil — for nothing but a request for better governance, which the army fulfils

The leaders of the Western world are caught off-guard by a people: even though the West did not order it, the Egyptian people refuses loyalty to its authorities! Wherever the ruling friends of freedom call for a refusal of obedience that leads to an overthrow of a regime, they themselves get the appropriate “revolutions” with their pretty nicknames underway. But no one in the political centers from which the free world is ruled reckoned that the masses in a country whose established, sovereign, domestic affairs are exceedingly interesting for a number of reasons would, on their own initiative, get out of hand in such a way. Hence, forming an opinion about the national uprising in Egypt takes a while, but then turns out to be all the more clear. The unanimous commentary is that it is a great thing that — and in particular how peacefully — the people on the Nile have initiated a “movement for freedom and democracy” (Guido Westerwelle, Germany’s foreign secretary); and the patrons of these high values are by no means content with a mere message of greeting to the freedom fighters. They intercede by making use of the political influence they have for the good cause that they see the Egyptians having brought under way. First, they strongly advise the ruler to practice “non-aggression” towards his rebellious subjects — and shortly thereafter declare him to be as “intolerable” as does the crowd on the Tahrir Square. Admittedly, not for the same reasons. The protesters had hardly begun to somewhat destabilize the prevailing forces of power and already the ruling friends of freedom in the capitals of the world interpreted their distress as a desire to “return to stability.” And why this return is necessary is not kept a secret: the range of interests for which the Egyptian people has functioned so well and the reason why it definitely has to continue to function well in the future, too, stretches from its role in keeping peace in this well-known problematic “crisis region” to its secure supply of oil and car parts to the conservation of cultural goods and diving sites.

Nationalism worldwide
Foreigners and the problem they represent

Everywhere, there’s trouble with foreigners — more so than has been the case in a long time: in Germany and Austria, the United States and Canada; in France, which is deporting Rumanian Romanies; in England, where a British National Party is organizing campaigns to ban the employment of East European EU-citizens; and in a lot of other European countries, where xenophobic parties are winning elections. More and more often, and ever more strongly, political parties and governments are bothered by the existence, the number, or the state of parts of their population that they identify as not belonging and differentiate from their own people. This differentiation and exclusion comes from a distinction between two sorts of people that none other than the state brings into being. There is the one kind that belongs to it and is completely subject to its exclusive sovereign power, and so is required to serve its demands — as citizens, they enjoy the interesting right to be allowed to live within the territory of this sovereign. And there is the other kind: all those who belong to other states and who have no business being in the country, unless the state has particular reasons to permit them to live there — because and as long as it can make use of them. Whether and when they are a bother therefore does not depend on them.

South Africa’s Sensational Turning Point
Statesmen of diverse skin colors choose a new people

World public opinion has a simple and clear concept of what’s going on in the Cape: democratization. This is supposed to be, first, a good thing and, second, a necessary thing. The whole world sees an advance of civilization when the “verkrampte [stubborn]” Boers finally sit down at the table with their blacks and extend the human right of a free and secret ballot to the black majority. The granting of universal suffrage is considered so undeniably good that the lifelong functionary of apartheid, de Klerk, is forgiven all the sins of the regime he served. World opinion thinks nothing of him, along with longstanding victim of apartheid and ANC leader, Nelson Mandela, being awarded the Nobel Peace Prize.

How voting rights are supposed to be so good for the blacks: this the free world, to which the irresistibility of everything democratic has finally gone to the head, does not even want to know. At any rate, the advocates of “normalization” and “modernization” of this state don’t even claim that the material situation of blacks living in poverty would improve through elections and appointments of black politicians to state offices. Democracy itself is the value that has to matter — whether or not it is good for something else.

A Threatened Way of Life — or:
An Oil Spill as a Systemic Question

In the Gulf of Mexico, the Deepwater Horizon oil-rig explodes. For months, huge amounts of oil flow out of the borehole into the sea, reaching the American coast and in effect ruining the environment in several states, together with the livelihoods of large parts of the population. According to experts, this is the biggest environmental catastrophe in American history — and in view of this occasion, the country’s president, in his speech to the nation, draws attention to the importance of what is happening on the Gulf coast.

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