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By Jim Harney
We're in the middle of a divisive nationwide debate on immigration
with no resolution that allows human genius to stand tall. Events move
fast.
Now 6,000 troops comb the border, a move by the Bush
administration to get the far right of the Republican Party off the
president's back so that he doesn't appear soft on communism, oh, I
mean immigration. We've always got to create threats and immigrants are
the big one today.
More than 60 percent of people polled say the
president did a good thing by sending more camouflage-dressed people to
the border. The new specter that haunts folks today are those uprooted
by structural situations wreaking havoc throughout the world, and even
in our own country.
Sen. John Kerry advocates for more money to
increase border patrol people by 1,000, and beef up a fleet of
helicopters by 100, and then purchase 250 powerboats.
Meanwhile,
working people are scared out of their wits about their jobs. The
Financial Times (FT) is the first-read paper for most of the
billionaires of the planet who amount to 793 right now, up 100 since a
year ago. In a long analysis piece titled, "Out on a limb: why
blue-collar Americans see their future as precarious," the paper
illustrates that life isn't getting any easier for workers. A growing
number of them no longer have any safety net.
And meanwhile,
CEOs see their wages skyrocket. More wealth than ever is concentrated
in the hands of 1 percent of the population while the bottom hardly
gets by. Martin Wolf, a pro market writer for the FT, quotes sources as
saying "... that corporate executives account for more than half of the
incomes in the elite 0.01 percent of the U.S. income distribution."
"One
clear danger," states Wolf, "is that people will increasingly cast
around for scapegoats... Last December the House of Representatives
passed a bill that would create felons out of the 11 million illegal
immigrants in the United States and build a 700-mile wall along part of
the Mexican border."
The Economist reveals that Goldman Sachs
profits keep executives smiling: "Even compared with leaders in other
industries, Goldman makes spectacular returns. Among its latest
record-busting yardsticks was a 40 percent quarterly return on equity.
The average pay-packet of its 24,000 staff last year was $520,000-and
that includes a lot of assistants and secretaries."
The
financial weekly gets to the core of why money is headed upward rather
than being distributed: "At the heart of the change has been the
development of huge markets in swaps, derivatives and other complex and
often opaque instruments that allow the transfer of risk from one part
to another. From small beginnings in 1987, the face value of contracts
in interest-rate and currency derivatives is now more than $200
trillion - 16 times America's GDP. A further $17 trillion outstanding
in (even newer) credit-default swaps, which allow bond investors to lay
off the risk of issuers defaulting."
Meanwhile, poverty creation
moves full steam ahead with more than 35 million and growing, the
majority of whom are children. At the same time one out of every 136 of
our fellow citizens ends up in prison. We lack the language to tackle
these knotty issues.
There is little attempt to popularize
conversation about money while much of it leaves the country. Just last
year $20 billion headed to South America to take advantage of high
interest rates. The deck is stacked for the mega-rich who borrow cheap
and invest high. They make out big time. Investors can count on a 45.1
percent return on their money when they dump it into emerging markets
in Latin America, the Christian Science Monitor reported a few months
ago.
There's no control on capital which means it moves
anywhere it wants, foot-loose and fancy-free, without any controls. I
always come back to a perspective that Ignacio Ellacuria, the Jesuit
murdered in El Salvador by troops trained at the School of the
Americas, shared when he urged a creation of a Civilization of Labor
over against a Civilization of Capital. Capital rules right now with
all the negative consequences that fall on the backs of the
impoverished of the world.
Folks aren't getting to the root
causes as to why senators are at each other's throats about protecting
jobs, and for the most part there isn't much job creation with huge
chunks of money going into hedge funds which together manage more than
a trillion and a half dollars and it doesn't produce anything, most of
it is invested in derivatives, making profit off of some asset like
currency markets.
Derivatives don't create jobs; in fact, this
financial tool thrives when mergers take place and when 35,000 workers
at General Motors will get axed by 2008. Investors love it when
redundancy takes place; it's great for the pocketbook, but not for
workers.
Yet increased rage is taken out on the undocumented.
There is little effort to refocus the debate and put the blame where
blame needs to be put on the systemic pillaging not only of the United
States but of the world by those who control financial capital. They
have their fist in the GATS (General Agreement on Tariff and Services)
agreement and knuckle countries that refuse to go along with it and
lower barriers to capital.
It's just one of the reasons why
there is so much anger at Hugo Chavez because he refuses to go by the
rules of GATS. Then just look at Mexico with a bullish stock market and
millions without work headed to the states risking their lives; look at
Colombia, considered the most bullish stock market on the planet last
year because of privatizing banks and energy companies. Little is said
about this kind of violence.
The FT had this to say about
Mexico last year, and I think it holds the same today: "Record
corporate earnings (my emphasis) for the second quarter have helped
propel the Mexican stock market to historic highs, in spite of sluggish
economic growth and growing worries about political risk."
It
just reconfirms the idea that little productivity comes out of capital
markets. The poor don't profit from this, or from NAFTA which basically
caters to the service sector.
Multinationals wanted to expand
the U.S. service sector which at the beginning of 1990s made up 65
percent of the economy, while internationally it only amounted to 20
percent. Thus, there was the urgency to expand this lucrative sector
into Mexico and Canada. The Mexicans paid the price for NAFTA having to
jump on board the nonbinding rules of GATT which subsequently turned in
GATS, which are binding with the creation of the World Trade
Organization.
Mexicans also had to ax its ejido system, communal
land that came to the poor as a constitutional right. Once done away
with transnationals came in and bought up the land, pushing many
farmers off it and into cities and then to the United States in search
of work. Because of NAFTA, Citigroup could buy controlling interest in
Mexico's privatized state bank.
The purchase helped in
illustrating foreign direct investment (FDI) coming into the country.
But it didn't produce any jobs. Meanwhile, Mexicans in the United
States will send back to their families some $24 billion at the end of
this year, which tops by far FDI, second only to oil as a source of
dollars.
The whole debate going on in Congress misses the
structural violence behind the immigration issue: so troubling. No
wonder The Nation (April 24) says "The comprehensive reform of
immigration policy that the (immigration) movement wants is not going
to come from this Congress, (sic)(d)riven as it is with splits among
Republicans who want to keep the poor huddled masses out; Republicans
who want to keep them in but keep them poor; and Democrats too weak and
anxious to light the way down a better path."
We need to focus
on the "Davos Party," as Jeff Faux calls the financial elite and
transnationals who rule the world, and find common ground with those
who risk their lives as they take the perilous trip to the United
States in search of work.
We have more in common with these
vulnerable human beings heading north to help their families than we'd
like to think. And as that commonality unfolds we'll be in a better
place to articulate a bit of utopia: a new world is possible, and take
the steps to create it.
Jim Harney is artist in residence
for Posibilidad, a Bangor nonprofit dealing with issues of
globalization and its impact on the poor. He can be reached at
jimharney@posibilidad.org.
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