From Volume 4, Issue Number 43 of EIR Online, Published Oct. 25, 2005

This Week You Need To Know


Globalization, The New Imperialism

by Lyndon H. LaRouche, Jr.

October 9, 2005

By traditional standards, the accelerating degeneration of the U.S. military-political occupation of Iraq, has already entered the terminal phase of the currently failed war policies of the U.S. George W. Bush, Jr. Administration. The global strategic situation of the moment can be brought into focus by saying simply that the presently advanced state of degeneration of the U.S. military operations in both Iraq itself and the adjoining region, interacts with a threatened early disintegration of the world's present IMF monetary-financial system.

We have entered a time during which only the combined dumping of the policies of the current Bush Administration, and the launching of first steps toward a new world monetary-financial system akin to that of the original Bretton Woods system, could prevent the otherwise inevitable early plunge of the planet as a whole into a new dark age.

We have entered a time in world history, when any different remedy than that which I have just recommended, were the wishful dream of self-damned fools.

To rational elements among the more well-informed circles of the planet, as one month follows another, the evidence to that effect is now more and more painfully clear. Were the present majority among the leading management cadres of today's world fully rational, the wild-eyed monetarist experiment launched under the U.S. current Bush Administration would be declared a bad job, and a return to the relatively successful economic and related policies of the immediate two post-war decades, would be rapidly resumed.

For example: In the case of the U.S.A. itself, although I warned, repeatedly, during the Spring and early Summer of this year, that we must prepare for the chain-reaction-like effects of an early "crash" in the automotive sector, no significant action was taken, either in the Executive or Congress, on that specific account.

The most notable point to be made on this present occasion is, that the argument for avoiding the urgently needed precautionary measures, was that relevant circles were advised that I had been mistaken respecting the factors of timing and more deep-going issues of policy in this matter. It is typical of the conditioned state of mind among our nation's and Europe's makers and shakers, that we are met, in each recent stage of a growing national and global economic crisis, by the potentially fatal effects of a reluctance of the presently reigning political generation to "put the toothpaste back into the tube," a reluctance to tamper with those habituated, recent decades' changes in policy which have now led us to the brink of the greatest global financial-monetary and economic collapse in modern history.

Now, the consequences of that Hamlet-like kind of inaction, motivated in that Hamlet-like fashion, have brought our republic, and much of the world besides, into a situation far more deadly than existed those few months ago, when precautionary action against the principal, presently looming effects of the General Motors crisis might have been set into motion....

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