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Mostrando entradas con la etiqueta economy enterprises. Mostrar todas las entradas

28 de mayo de 2018

Why is the rest of the World angry?



 
By Anna Von Reitz
Saturday, May 26, 2018

Basically, it's because the [Territorial] United States went stark raving bonkers and attempted to absolutely control and dictate the financial and business affairs of all the other countries in the world.
They were dictating who could do business with whom, what currencies they could use to conduct business, how much they could spend with trading partners--- you name it, and the [Territorial] United States was trying to control everyone else's markets and micro-managing business affairs of the entire world.
So they forced all these other countries to band together in opposition to this oppression and suppression in restraint of trade and to form new alliances and new banks and new banking systems.
And what else would we expect them to do?
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http://www.paulstramer.net/2018/05/why-is-rest-of-world-angry.html

15 de enero de 2018

Privatizing public services dismantles the fabric of the State ... apart from worsening and making the service more expensive and the worker becomes precarious


Privatizing public services dismantles the fabric of the State


Dispose of the populations of their common goods that guarantee their subsistence and a certain independence is an inveterate liberal tradition
The weekend of the festivity of Kings, coinciding with the return of the Christmas holidays, we have been surprised by a strong snowfall, which has left thousands of citizens stranded on the AP-6.
This highway is being managed under the concession regime by a private company, Iberpistas, a subsidiary of Abertis. In short, there has been a privatization or outsourcing of a basic service. 
It seems clear that the responsibility for security is the exclusive competence of such company. And as we have just noted, thousands of citizens have been left stranded and abandoned for many hours. 
Here, the dominant discourse of the best efficiency, competition and saving of the private sector with respect to the public sector has come down a few decades ago. 
Key discourse within neoliberalism. 
Such advantages of the private sector have not been demonstrated empirically, it is a matter of belief, it is like a dogma of faith. It is repeated again and again and no one can question it.
To this process of privatization-sale of companies of the public sector- or outsourcing of basic public services, the British geographer David Harvey has called it "accumulation by dispossession". 
Accumulation by dispossession is not something new. It is part of the original DNA of capitalism. This is how the famous "original accumulation" was made, to which Karl Marx devotes a large part of the pages of his work. 
To dispossess the populations of their common goods that guaranteed their subsistence and a certain independence is an inveterate liberal tradition. 
The example of  enclosures in England is an example. 
The novelty is that the energies of the mercantilists were also engaged, in the neoliberal drift of recent decades, to privatize and convert into surplus value deposits many of the services that had been part of the Keynesian Welfare State, which had founded social peace in the very center of the global system.
What happened explains it very well Fernando Álvarez Uría  Privatization is a robbery. 
In order to legitimize this plundering, either by selling public companies -from this circumstance we have a bitter experience the Spaniards and to which I will refer more explicitly- or outsourcing public services, it was and is necessary to disqualify public institutions, the public function , taxation on large fortunes, public services, denounce their inertias, bureaucracies and rigidities, at the same time proliferated laudatory chants to private initiative, the spirit of enterprise and  business culture.  And this discourse has been unconsciously assumed by Spanish society. 
It was thus that in this economy without society the public land and subsoil passed into the hands of private speculators, that is how public or semi-public companies were handed over by the governments in turn to the old friends of the school, that is how the discretionary contracts and large doses of corruption in outsourcing processes came to acquire a kind of letter of nature in our political systems, while old and forgotten forms of savage capitalism broke into the social scene.
In Spain, the first stage of privatization-sale of public companies-began in the mid-1980s until 1996 with socialist governments. The main factor that drove them was not based on ideological or political motivations, but on strategic, budgetary and technological constraints. 
Starting in 1996 with the Aznar government, privatizations were part of the electoral program, planning as a complete government program, the most profitable companies were sold and the political objectives were as important or more than the economic ones. 
Thus the crown jewels of our public companies were sold as Seat, Repsol, Endesa, Telefónica, Gas Natural ... 
The holding company of the public bank Argentaria, privatized between 1993 and 1998, merged in 1999 with the BBV. 
What good would a public bank now have to finance our debt! 
The citizenship remained impassive before the loss of all this collective patrimony. Today we have few attractive public companies for private capital. However, they are pending of this process The Lotteries and Bets of the State, the Paradores .... 
More, according to  Mariano Fernández Enguita , as capitalism is extraordinarily voracious, the current assault is directed, as we are already seeing, towards the public services of the Welfare State, among others in education, health, and dependency, with an ever increasing demand growing as society has become accustomed and could not renounce them, so much so that they have been considered as rights. 
There are abundant capitals with captive and very promising markets. But still more. In addition to avid capitals, privatization or outsourcing policies also have eager willing consumers and willing contributors. 
As the universalization of these services generates complaints as not all the demands can be met, such as waiting lists in the health sector or that Spaniards do not want their children to share a desk with immigrants, this causes a growing disposition toward private supply. 
On the other hand, when a benefit that was previously a privilege is generalized, the previous privileged classes seek to differentiate themselves again by accessing higher levels (more education or more health) or different types (better or another education or health). 
Differentiation is not only sought by those who want to preserve their privileges, but also those who try to access them for the first time. Private education and health can become a symbol of this differentiation. 
For all these reasons, an immense market opens up for capital in the field of public services. The Community of Madrid could be a paradigm for this.
But in this process of privatization of collective property, an extraordinarily serious circumstance goes unnoticed. In this respect, Ugo Mattei's reflection  in his article  Limit to Privatizationsseems very timely  How to stop the looting of the common goods , appeared in  Le Monde Diplomatique , in which it raises the need to protect collective property, and even more so now that governments get rid of public services and privatize the collective heritage to balance budgets; since all privatization decided by the public authority -represented by the government of the day- deprives each citizen of their share of the common good, just as in the case of an expropriation of a private good. 
But with one substantial difference: the liberal constitutional tradition protects the private owner of the State, with the compensation for expropriation, while no legal provision, and even less constitutional, offers any protection when the neoliberal State transfers the assets of the community to the private sector. . 
Due to the current evolution of the relationship of forces between states and large transnational corporations, this asymmetry represents a legal and political anachronism.
Return to the fact that this article propitiated, what happened in the AP-6. 
It is obvious from the foregoing that when a private company assumes, under a concession, a public service, water supply, garbage collection, garden cleaning, public transportation, health, education or dependency, the fundamental objective within the stricter logic of its internal functioning in a capitalist system, is to achieve economic benefits, the desire for profit, for which reduce costs: either reducing benefits or the cost of the labor factor. 
And we just noted with overwhelming force in the snow of the AP-6. The hundreds of affected people have criticized the shortage of snow plows and the lack of personnel and information on the part of the company. 
But it is an extendable fact to many of the toll road concessionaires, since between 2011-2015 they have carried out severe and harsh policies of personnel cuts. 
According to  El Confidencial , the highway concessionaires went from 5,100 employees to 3,200. 
Of course, tolls increased from 10.6 to 12.4 cents per kilometer in the case of state highways and from 15.6 to 17 cents in the case of regional concessions. 
While in 2011 Iberpistas had 96 workers for maintenance and 107 for toll booths, in 2015 these figures fell to 79 and 73, respectively. 
The AP-6 is the payment method  where tariffs have increased the most  in the 2011-2015 period, with an increase of 23% (the average increase was 17%).
The conclusion is clear. Here there is cheating. And if there is cheating, there are cheaters. Especially those responsible for the government. 
As for the privatizations of the public sector, it was a real gift to certain elites and school friends, as well as a source of shameful corruption. 
Regarding the concessions of the toll roads, the specifications are written with very clear objectives: if they are profitable, the companies do great business and if they are not, their rescue comes from the State. What shamelessness! 
How much will the rescue of the bankruptcy of the radial highways of Madrid cost us? Will we know someday? According to the management of the large construction companies about 5,000 million. 
The invoice that the bankrupt toll roads leave to the State has a striking departure: the one of the expropriations, that ascended, at the end of the 90, during the Government of Aznar, when they were considered, altogether, to 387 millions. 
In the end they shot up to 2.217 million. A deviation of 1,830 million, almost six times more. 
The prices for these expropriations grew exponentially by the judgments of the courts, as a result of the 1998 Land Law of Aznar, when assessing that the land should not be considered rustic since there were expectations of urbanization. 
Within the strictest neoliberal ideology, it was the search for new surplus value in space within its different concretions, that is, the urban land, the construction of infrastructures, transport and related equipment, etc. Among the beneficiaries there were known families (Franco, Serrano Suñer or Abelló).
In a notice to navigators,  Tony Judt  in his book  Something Goes Wrong  tells us that  Edmund Burke  in his  Reflections on the French Revolution has  already warned us 
"Every society that destroys the fabric of its State soon disintegrates into the dust and ashes of individuality. 
By eviscerating public services and reducing them to a network of subcontracted providers, we have begun to dismantle the fabric of the State. As for the dust and ashes of individuality, what it most resembles is the war of all against all of which Hobbes spoke. "

2 de diciembre de 2017

Neither Spaniards nor Catalans ........ The Masters of the Great Spanish Capital are Foreigners



The IBEX moves almost flat and advances just 0.01 percent

The masters of the great Spanish capital are foreigners

The American investment funds, and especially the giant Blackrock, went to the desperate appeal that Minister Luis de Guindos made in the main financial capitals and especially in London and New York

EFE
The shareholding control packages of 19 of the 35 companies that make up the IBEX are in foreign hands, almost all North American and  in particular the Blackrock fund,  the new great oligarch of Spanish capital. 
Although it came from before, the massive landing has occurred in recent years, in the Rajoy era. And it is disturbing. Because those funds do not have any industrial or productive vocation. 
The day your investment stops being profitable, they will leave. 
Meanwhile, the threat that they can do it makes the positions they have reached in the largest companies in our country decisive.
A book (  Ibex 35, a heretical history of power in Spain ) describes in detail and precisely the process that has led to this extraordinary fact and that in the EU only has as a parallel the colonized Ireland and one of the countries of the East, in the However, it does not reach Spanish levels.
The author of the text,  Rubén Juste , goes back to the stage of socialist governments to begin the story of how the landscape of Spanish economic power has changed over the past 30 years. 
The protagonism of the "beautiful people"  protected by the governments of  Felipe González in the 80s and 90s of the last century and particularly by its economy minister  Carlos Solchaga was the first milestone of the replacement by new actors of the oligarchy of the 7 major banks that in the Franco regime dominated the big companies.
Beginning in 1996, José María Aznar significantly changed that situation and created a business power group directly linked to himself and whose main leaders owed him their positions. 
The way to achieve this was the privatization of the large companies that until then were owned by the State - Telefónica, Endesa, Argentaria, Repsol, Tabacalera  and others - and the appointment as presidents of the same ones of loyal to Aznar. 
The rise of  Miguel Blesa  to the presidency of  CajaMadrid,  which would be the main financial instrument of the president's plans, was an essential complement to the operation.
In his second government  -2000-2004- Aznar went a step further. 
With its new land law and its plans for state investment in infrastructures, it raised the big construction companies to the corporate Olympus, which became some of the largest in the world. The irrational assumption of risks in the brick by the savings banks, promoted by the government, gave financial support to these initiatives. 
The great corruption, widespread, was born from that period between the political power and the new bosses , not a few of them political until something before: the presence of former senior officials of  the administration in the IBEX councils did not stop growing, although there was already started in the Solchagastage  .
José Luis Rodríguez Zapatero  did nothing significant to change that situation. 
The powerful of the Aznar era continued to have the same power. 
The only relevant thing that the socialist president did  was to elevate Emilio Botín and his almighty bank, Santander, to the condition of unqualified ally. 
"You have my support and that of my government and, you know, that of the entire population," he told her one day. The relationship of forces within the framework of the big company did not change, and Aznar's friends kept sending. And Aznar's policies were not changed either, particularly those related to brick.
Rajoy  arrived at the government in the heat of crisis and this one became acute soon after his arrival.  The dramatic situation of the financial sector forced him to load the savings banks  - that was one of the conditions imposed by Brussels in exchange for the bank rescue - and only that produced important changes in the structure of corporate power.But it did something else: not put any impediment, even encourage openly, to foreign capital finance in the large Spanish companies the space that many of its major shareholders wanted to leave because they preferred money in hand to keep taking risks. So are not a few of our capitalists.
The American investment funds, and especially the giant  Blackrock , went to the desperate appeal that Minister Luis de Guindos made in the main financial capitals and especially inLondon and New York,  which he knew well from his time as director of Lehman Brothers . 
Felipe González  also contributed by encouraging  Carlos Slim  to take over the FCC emporium and Aqualia,  the largest water distributor in Spain. And it is said that now the Mexican magnate has  his eyes on Repsol.
As a result of these movements,  in a few years and at a good price, foreign funds  have taken control or reference holdings in 19 of the 35 IBEX companies , not to mention thepractically total control that foreign multinationals exercise in the first companies in our industrial sector and the growing dominance of North American funds in the real estate heritage inherited from savings banks or purchased directly from some municipalities, such as the one in Madrid governed by  Ana Botella. 
Almost always at bargain prices. 
Yesterday the  BBVA , whose control package is in the hands of  Blackrock, by the way, sold to  the USA Cerberus fund  its real estate assets, no less than 70,000 properties.
The electricity companies  Endesa, Enagás or Iberdrola  have passed into foreign hands. 
Blackrock  is the largest shareholder of  Banco Santander and BBVA. 
5 of the 7 IBEX banks  have foreign reference shares. 
Blackrock  is also present and almost always controls  DIA, Merlin Properties, Ferrovial, Repsol, Iberdrola, Telefonica, Mediaset, Acerinox and Aena. 
CEPSA  belongs in its entirety to theIPIC fund  of Abu Dhabi. 
Practically the same  CLH , which monopolizes the distribution and storage of crude oil. 
Iberia  is a low-cost subsidiary of British Airways. 
The list is even longer. 
It also includes some of the leading companies in the media sector, with Mediaset, Antena 3 and Prisa  in the lead. And it could grow very soon. 
The big construction companies, all of them heavily indebted, can be in the focus of those funds.
There will be those who think that it is the same that strategic interests so decisive for the Spanish economy are in foreign hands. It will be wrong. And more at a time when economic nationalism is consolidated, and not only in Trump's United States. 

The doubts about the future of the Spanish subsidiaries of some industrial multinationals, including the automobile one, are examples of those problems. 

That, in addition, they are aggravated if the new masters of the IBEX 35 are investment funds that can perfectly retire of Spain of a day for another without problem some. 

In other words, no matter how much the government boasts of economic success, reality, without talking about social inequality and unemployment, is that our structure presents very serious weaknesses that could cost us one day.

eldiario.es


7 de julio de 2017

ALIBABA choose instead of Madrid Catalunya to install its logistics hub for southern Europe.

Sometimes the news takes 4 years to prove me right, but I said in 2013, in this post , which could be installed in Catalunya ALIBABA.



The Chinese e-commerce giant compared to AMAZON (although Chinese has 20 times more benefits than the North American ...), is studying to install its logistics hub in southern Europe. The Generalitat de Catalunya, through Acció, which last year managed to raise 352 million euros in foreign investment projects, negotiates with ALIBABA GROUP an operation that, if confirmed, would make Catalonia a key enclave for companies in the area Mediterranean market that they trade through their e-commerce platform.
Catalan government sources acknowledge that the negotiations are in the final phase after meeting for the first time with directors of the Chinese company in February, coinciding with the Catalan business mission to Hong Kong and, in this sense, the good communications of Barcelona with The rest of Europe, the country's long tradition of logistics and the consolidation of Catalonia as a global reference for e-commerce are important factors in making the final decision.
Resultat d'imatges de alibaba
Alibaba last year launched three global logistics centers in Hong Kong, Sydney and Melbourne. These three centers provide companies with inventory management and shipping services, and this could be the model Alibaba would implement in its logistics hub in Catalonia. It should be noted that, after the Chinese, Spaniards are the second buyers of the world through the ALIEXPRESS service.

The e-commerce boom largely fueled the logistics sector in Catalonia until the end of 2016 with a new recruitment record of 773,000 square meters, according to data from the CBRE consulting firm. This is the second consecutive year in which logistic contracting figures in the Catalan market have been met, an increase of 45% compared to the figures recorded in 2015. Today, construction of 234,000 m2 of logistics is underway The demarcation of Barcelona.

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