Doesn’t Recovery Include the People?

-Anamaka
Posted by V SEKHAR on August 30, 2009
Well. I have been visiting different prominent news sites and I have been reading various
news papers also. World Economic Crisis has been occupying prominent place on business
pages of news papers. No need to tell about financial or economic news papers which
mostly cover the news of economic crisis in different countries, conditions of industries
and agriculture, factories spending, consumer spending, GDP growths in month, quarter,
half-year, and year in various countries … particularly in US, UK, Germany, Japan and
other industrial or developed countries, fiscal policies, measures etc.. Just like ‘all roads
lead to Rome’, all these news lead to world crisis and it’s recovery.
Till April they used to cover only crisis news in various countries because there was only
crisis until then. After that a sense of relief began to appear as IMF, WB, and different
financial and economic analysts -firms as well as individuals- began to express optimistic
opinions about recovery from World Economic Crisis (WEC). They started to say bottom
has already been touched; Signs of recovery are seen in US; This or that country is out of
recession; There is a slight improvement in consumer spending in this month or that
quarter; Factories output raised to a small extent; Banks or issuing new loans in this or
that corner; Certifying reports of analysts, IMF or WB, and theoreticians like Paul Krugman
saying “yes, it is recovery” etc… Some people like Chiefs of IMF and WB give occasional
warnings telling ‘Don’t be so optimistic about recovery. There are still huge gaps’ or
“sustainable recovery is still some time away”.
But all these optimistic reports, analyses have one common issue. That is, ‘but,
unemployment keep rising’. This means, though economy is recovering or going to
recover whatever it may be, jobs will not grow. Moreover jobs would continue to decline.
As such every developed or emerging or developing country is reporting increase in
unemployment. GDP grows. Growth returns. Sales of goods and services increase.
Factories’ output increase. New investments start to flourish. Business activities flare up.
Stock prices rise. Share markets would be bullish. Bears return to caves. And yet jobs
continue to decline. Unemployment continues to rise. What a nasty hypocrisy? What a
treachery? What an uncivilized robbery? What an indecent, vulgar, obscenic, psycho-
pathetic nature?
So these capitalist slaves want to say people need not recover from their economic
difficulties. Recovery can only mean recovery of firms, companies, corporates, MNCs, and
TNCs. Recovery means revival of accumulation of capital in the form of profits on a mega,
giga and terra scale for capitalists. But not for people who work to make them profits. Not
for workers who strive for accumulation of profits. Not for home owners who lost their
homes. Not for families who lost their livelihood. Not for babies who perished lacking
minimum food in utter poverty. And even not for souls of those who committed suicides
after losing jobs.
A greatest economic scientist Paul Krugman coined a term recently in his NYTimes blog
‘jobless recovery’ which post can be found in this blog. What can we grasp from this
contemporary American economic intellectual’s spontaneity? He conceptualized the
expulsion of large masses of workers from ‘recovery from economic crises. He certified
the exclusion of billions of people from ‘return of voluminous economic growth’. He once
again sold his so called intellectual soul to his treacherous, piratic and plunderous
capitalist bosses.
We may not get this wonderful opportunity of seeing true colours of these charismatic
looters of capitalist kings in imperialist era. We cannot see their real faces when
accumulation of capital is at it’s glorious era with the help of share market bubbles, more
alluring dotcom bubbles and even more voluminous sub-prime lending bubbles. Rainbow
colours of illuminations of bubbles don’t allow us to see the reality. Only crisis gives us
such rare opportunities of watching rainbow colours disappearing into a single white
emptiness. Not only that. Crisis shows us how even great, decades long economic theories
shiver to explain what happened actually. It proves us how futile even Keynesian theory
which helped to come out of ‘The Great Depression’ of 1930s. And lastly it unequivocally
proves “Marxism-Leninism” is a true and realistic alternative for the well being of billions
of workers, peasants, and employees spread across hundred above countries of the world.
 Only thing left is to strive to achieve “socialism” on the line of “Marxism-Leninism-Mao
thought”.
Marxism-Leninism never stops glowing. Because it’s shining is not out of reflection but out of
self-illumination.