Forwarded from Greg Elich
lnp3 at panix.com
Sun Apr 15 16:24:30 MDT 2001
From: <BBlum6 at aol.com>
To: <BBlum6 at aol.com>
Sent: Saturday, April 14, 2001 10:43 PM
Subject: How to steal a country
> April 11, 2001
> Piracy written large
> "Serbia ready to launch sell-off programme
> Financial Times: April 10, 2001
> Serbia is preparing to launch a comprehensive
> privatization programme as part of economic
> reforms introduced following the overthrow
> of former president Slobodan Milosevic.
> ...the sale of some 4,500 companies by
> tender and auction to strategic investors.
> Controlling stakes of up to 70% of a
> company's equity will be on offer to
> Serb and foreign investors. The remainder
> will go to workers...
> (Note: This is a fancy way of saying that
> these largely worker-owned businesses will
> no longer be worker controlled.)
> First to go are two cement plants. Serbia's
> second and third largest...
> Serbia's largest cement producer, Beocin,
> in the northeast, has already been promised
> to Lafarge...
> Ministers hope the process of internationally
> financed reconstruction will generate interest
> (in the sales.)"
> I bet it will...
> How to steal a country
> Step one: Bring the country to its knees
> Step two: Destroy its industrial infrastructure
> Step three: Install a friendly regime
> Step four: Buy the country's industries
> and labor at fire sale prices
> Step five: Grant aid (loans) for the
> reconstruction creating: a) windfall profits
> for your newly acquired businesses and
> b) a complete return on your "aid" with
> Between the "reconstruction" windfall
> and the interest on the loans, Yugoslavia's
> industries are being acquired for practically
> nothing. A "low money down - ez financing"
> deal, so to speak.
> Of course, *someone* is paying for all
> The people of Yugoslavia pay three times:
> a) They lose control and equity in previously
> employee-owned industries, b) their
> labor and capital goes towards rebuilding
> their country instead of improving it,
> and c) the interest on the reconstruction
> loans will reduce their standard of living
> and wages.
> The winners? The bombers and their bankers.
> Your tax dollars at work. The "free" market
> at work.
> Question: If the "free" market is so free, why
> do they need guns to close their deals?
> From 1996:
> "Multi-ethnic, socialist Yugoslavia was once a regional
> industrial power and economic success. In the two decades prior
> to 1980, annual GDP growth averaged 6.1 percent, medical care was
> free, the literacy rate was of the order of 91 percent, and the
> life expectancy was 72 years. But after a decade of Western
> economic ministrations and five years of disintegration, war,
> boycott, and embargo, the economies of the former Yugoslavia are
> prostrate, their industrial sectors dismantled.
> Yugoslavia's implosion was in part due to US machinations.
> Despite Belgrade's non-alignment and its extensive trading
> relations with the European Community and the US, the Reagan
> administration targeted the Yugoslav economy in a "Secret
> Sensitive" 1984 National Security Decision Directive (NSDD 133),
> "United States Policy toward Yugoslavia." A censored version
> declassified in 1990 largely elaborated on NSDD 54 on Eastern
> Europe, issued in 1982. The latter advocated "expanded efforts to
> promote a `quiet revolution' to overthrow Communist governments
> and parties" while reintegrating the countries of Eastern Europe
> into a market-oriented economy."
> Michel Chossudovsky - Covert Action Quarterly, Spring 1996,
> No. 56 contains the complete article with footnotes; a more
> detailed version is contained in "Globalisation of Poverty",
> chapter 13)
> Online version here:
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