Ou talvez já tenha percebido tudo….

Estou chocado, ou talvez não…

Consegui hoje obter cópia do artigo do Louçã no Centro de documentação do Público.

Como pode ver, se o Artigo do Louçã no Suplemento de Economia do Público de 26/02/01 tem algum RIGOR na tradução, não tem nenhuma SOLIDARIEDADE com o Michel Chossudovsky, pois nem o menciona…

Público Economia, 26/02/2001,

Bombas sobre Bagdad para salvar a Bolsa

Na sexta-feira, dia 16 de Fevereiro, a Bolsa de Nova Iorque viveu outro dia turbulento. O índice Nasdaq mergulhou mais cinco por cento, confirmando que temos vivido um período de euforia e sobrevalorização das empresas da “nova economia” e que a factura já chegou.. O líder mundial em fibras ópticas, Nortel, foi um dos maiores perdedores do dia. A Dell Computers, a Hewlett Packard e outros foram atrás. Os analistas tinham vindo a avisar desta crise iminente: ainda há-de ser pior, e a recessão americana, se se confirmar, começará com o colapso destas empresas “high-tech” nas bolsas.
Mas nesse mesmo dia, umas horas antes de fechar a bolsa, cerca de 80 aviões de combate, americanos e britânicos, fizeram um raid devastadot sobre Bagdad: o Pentágono chamou-lhe uma “missão de rotina de autodefesa”. No entanto, esta diplomacia de mísseis teve um efeito imediato no relançamento da confiança num mercado muito especial, muito lucrativo e muito importante: o das empresas petrolíferas e, sobretudo, o das indústrias de armamento.
As cotações da Exxon, Chevron, Texaco, dispararam. O mesmo aconteceu com as da Harken Energy Corporation, uma empresa-chave na exploração do petróleo colombiano, e de que George Bush foi director executivo. A Harken está directamente envolvida na Operação Colômbia, um ambicioso plano de acção militar americana na zona amazónica.
O mercado respirou de alívio.
No entanto, a grande alteração deu-se nas indústrias de defesa.
O bombardeamento de Bagdad relançou a confiança no futuro dessas empresas. A Boeing, a General Dynamics, a Lockheed Martin, a Northrop-Grumman e a Raytheon, os cinco grandes beneficiários dos contratos militares, ressurgiram na bolsa. Para bom entendedor, meio ponto basta: o colapso do “high-tech” civil é compensado pela nova oportunidade no sector militar.
Uns poucos dias antes, a Lockeed-Martin tinha anunciado despedimentos maciços e cortes orçamentais no seu departamento de satélites, declarando que ia deslocar o seu esforço de actividades civis para a indústria do armamento, onde a empresa é dos maiores beneficiários de contratos do Estado americano. Tem toda a razão para estar confiante. Bush declarou ao “New York Times” (12 de Fevereiro): “Planeio romper com a ortodoxia do Pentágono e criar uma nova arquitectura para a defesa da América e dos nossos aliados, investindo em novas tecnologias e sistemas de armamentos”.
Confirmou-se entretanto a encomenda do novo caça F-22 Raptor, que a Lockeed vai desenvolver numa operação de cerca de 60 mil milhões de dólares. Dois dias depois, Bush ratificou um novo investimento imediato de 2,6 mil milhões de dólares para reforçar a investigação e desenvolvimento de novas armas. Mais dois dias, e Bagdad era bombardeada.
Bush estabeleceu assim um santuário para as bolsas, através do recurso ao “keynesianismo militar” que já tinha feito a fama e o proveito do seu antecessor republicano, Ronald Reagan. O risco é grande, mas a parada também é muito alta. Por tudo isto, teremos em 2001 bolsas mais instáveis, turbulência mais acentuada, sobredeterminação política, predomínio das empresas militares, ameaças de recessão internacional: aqui está a nova ordem mundial em todo o seu esplendor.

Francisco Louçã
Deputado do BE

Fui de corrida à Biblioteca Nacional mas o exemplar de 26 de Fevereiro de 2001 do Público…não tinha o suplemento de Economia apesar de na página 1, haver chamada a esse suplemento.

Queixei-me, a Directora da Sala de Referências da BN telefonou para o Centro de Documentação do Público, pediu-lhes que enviassem por fax o suplemento, mas disseram que não que nunca mandam faxes para ninguém.

Teremos que esperar por 4ª feira de manhã, a não ser que haja alguma alminha que tenha esse Suplemento de Economia do Público de 26 de Fevereiro de 2001. Como diz, isto está a ficar cada vez mais bonito…

http://www.tenc.net
[Emperor's Clothes]

How War and Globalization Support American Business…

As Billions Flow to Oil and Defense Companies

Bombing Of Baghdad Staves Off Financial Uncertainty
by Michel Chossudovsky [2-19-2001]
Professor of Economics, University of Ottawa, author of The Globalization of Poverty, second edition, Common Courage Press, 2001.

On Friday February 16th, spurred on by the dot-com implosion and the climactic downfall of Nortel Networks Corporation, the World’s leader in fiber optics, the value of high tech stocks plummeted on Wall Street in turbulent trading. The NASDAQ stock index declined by more than five percent to a record low.

But it could have been much worse. Did the bombing of Baghdad pull Wall Street out of danger? In fact it did more than that. It put billions of dollars into the deep pockets of Defense contractors and oil companies.

WARNINGS FROM WALL STREET

In the days leading up to the February 16 near-meltdown, stock market analysts had warned of a worst-case scenario. High tech stocks were heavily overvalued.

But that day at 1.00pm, a few hours before trading closed on the New York Stock Exchange, American and British warplanes bombed Baghdad in what the Pentagon described as “a routine mission of self-defense.”

Routine self defense? The US media applauded. And on Wall Street, brokers did more than applaud; they gasped with relief. For in a cruel irony, the bombing raids had saved the day. As one British financial analyst noted with contempt:
# “..the American market didn’t collapse. It didn’t plummet. Indeed, the fall was less than one per cent. This was a routine day – unless you happened to live in Baghdad.”1

Meanwhile, with telecom and computer stocks in the doldrums, financial and defense analysts had been working hard to rebuild “confidence in the stock market”:
# “Makers of the nation’s warfare technologies along with Wall Street analysts and industry consultants spent a week bragging about new opportunities and the likelihood of changes to Pentagon policy that would foster growth after 15 years of strained budgets. What’s more, defense and aerospace stocks ended on a high note, climbing amid a broad market slump as 24 U.S. and British warplanes struck Iraqi military targets using various long-range, precision-guided weapons.”2

In the last hours of trading on the 16th, defense stocks spiraled; oil and energy stocks boomed following news that Iraq’s oil industry might be impaired. The value of Exxon, Chevron and Texaco stocks shot up. Harken Energy Corporation –in which George W. Bush served as company director and corporate consultant before entering politics– gained 5.4% by the end of trading. Harken Energy happens to be a key player in Colombian oil (with a multi-billion dollar US military aid package under “Plan Colombia” on hand to protect its investments). Harken Energy CEO Mikel Faulkner is a former business associate of George W.

FINANCIAL MELTDOWN

The February 16th meltdown was already being predicted at the close of trading on the 15th. Business analysts on the evening news said that a major “correction” in the value of high tech stocks was “inevitable”. The financial press had previously hinted that the US defense industry could also take a beating if the new Bush Administration were to curtail military procurement.

A few days earlier, Lockheed Martin (LMT) –America’s largest defense contractor– had announced major cuts in its satellite division due to “flat demand” in the commercial satellite market. A company spokesman had reassured Wall Street that Lockheed “was moving in the right direction” by shifting financial resources out of its troubled commercial (that is, civilian) undertakings into the lucrative production of advanced weapon systems.

For weeks, defense contractors had been actively lobbying the new Administration. On Tuesday February 12th, President Bush promised to hike defense spending based on “a comprehensive review of the military.” According to The New York Times (12 February 2001), George W. Bush said:
# “he planned to break with Pentagon orthodoxy and create ‘a new architecture for the defense of America and our allies,’ investing in new technologies and weapons systems rather than making ‘marginal improvements’ for systems in which America’s arms industry has invested billions of dollars.”

On the 14th, he confirmed “a $2.6 billion increase in the Pentagon’s budget as a ‘down payment’ on new-weapons research and development.”3

And two days later Baghdad was bombed by the US Air Force.

The raids were a signal to Wall Street that Bush’s promise “to revitalize the nation’s defense” should be taken seriously. Had the Bush administration decided otherwise, Lockheed Martin’s listing on the New York Stock exchange might well have experienced the same fate as that of Nortel. In fact, while (civilian) high tech stocks (quoted on the NASDAQ) had plummeted, Lockheed Martin stocks ended the day up a comfortable 1.6%.

Meanwhile, the F-22 Raptor high tech fighter jet was already scheduled –pending the Administration’s final approval– to be assembled (at an estimated cost of $60 billion) at Lockheed Martin Marietta’s plant in Georgia:
# “Defense Secretary Donald Rumsfeld was an F-22 advocate before joining the Bush administration, and Lockheed officials said Thursday [February 15th , one day before the raids on Baghdad] they are confident Rumsfeld will support the technologically advanced plane.” 4

The message to financial markets was crystal clear: the bear market was hitting “civilian” high tech stocks including Nortel, Dell Computers and Hewlett Packard; but defense industry listings –including Boeing, General Dynamics, Lockheed Martin, Northrop-Grumman and Raytheon (the “Big Five” defense contractors) — remained “safe” and “promising.” (i.e. “a good place to put your money”). Wall Street analysts had concluded –without batting an eyelid– that
# “with the Bush administration’s focus on defense, there is optimism the industry is on target to outperform the market again this year.”5

The new buzz phrase on Wall Street is that –despite the slow-down of the US economy– defense stocks constitute “a safe-haven shelter from the dot-com implosion”. More generally, the assumptions underlying Bush’s new defense budget are considered “good for business”: no wonder pension funds and institutional investors are busy changing the structure of their portfolios!

NEW WORLD ‘ORDER’

War and globalization go hand in hand. Militarisation is an integral part of the neoliberal agenda. The build-up of the defense budget contributes to beefing up the “Big Five” US defense contractors, while denying financial resources to civilian programs including health, education and social welfare not to mention the rebuilding of America’s deteriorating urban infrastructure. Whereas defense production has spiraled, recession has hit the sectors of the US economy which produce “civilian” consumer goods and services. The U.S. domestic economy increasingly hinges on the military industrial complex and the sale of luxury goods (travel, leisure, luxury cars, etc.). And this satisfies the financial establishment irrespective of the needs of ordinary people.

The bombing raids on Baghdad were certainly intended to intimidate countries committed to ending the sanctions on Iraq. But more generally, “missile diplomacy” is applied to enforce American political and economic domination under the guise of what is euphemistically called “the free market.”
# “The hidden hand of the market will never work without a hidden fist – McDonald’s cannot flourish without McDonnell Douglas, the designer of the F-15.”6

And America’s war machine is used in support of the conquest of new economic frontiers. In the Middle East, the Balkans and Central Asia, the US military is positioning itself directly and through NATO not only to support the interests of the Anglo-American oil conglomerates, which are working hand in glove with defense contractors in lucrative joint ventures, but to further colonize the former Soviet Union and Asian countries. Meanwhile, spiraling defense spending pours wealth into the military industrial complex at the expense of civilian needs.

NOTES

1. Sunday Mail, London, 18 February 2001.
2. Reuters, 16 February 2001. About 80 warplanes were involved, of which 24 were strike aircraft. See Financial Times, 17 February 2001.
3. “Bush Vows To Modernize Military After Pentagon Review Is Completed”, The Bulletin’s Frontrunner, 14 February 2001.
4. Dave Hirschman, “F-22’s Fate to be Decided Next Month; Not on hold: Bush’s Defense Review won’t delay Judgment on Raptor”, The Atlanta Journal and Constitution, 16 February 2001.
5. The Nightly Business Report, NPR, 19 February 2001.
6. Thomas L. Friedman, “A Manifesto for the Fast World,” ‘New York Times Magazine’, Mar. 28, 1999.)

C Copyright by Michel Chossudovsky, Ottawa, February 2001. All rights reserved. Permission is granted to post this text on non-commercial community internet sites, provided the essay remains intact and the copyright note is displayed. To publish this text in printed and/or other form, contact the author at chossudovsky@videotron.ca, fax: 1-514-4256224.