
© Geopolitika
Over the past 4 decades, there has been a major increase regarding wage inequality and unequal property ownership occurring mainly in the Western countries. This relates to the neoliberal era launched by US president Ronald Reagan (1981-89) and his ally in London, prime minister Margaret Thatcher (1979-90).
Neoliberalism has in effect meant large-scale exploitation by Western elites of the general public. There had long been income inequality in the US, but during the last 40 years it has grown wider there than in any other country. For example in 2013, the chief executives of 350 US companies earned on average $11.7 million that year, while the annual wage of the typical American worker was $35,293.
(1)The average income of corporate executives was almost 800 times higher than American workers on the minimum wage, $7.25 an hour. The situation was not much better in Britain. Record-breaking levels of inequality occurred in Britain during the 1980s under prime minister Thatcher, especially from 1985, which was her most telling legacy.
These events were not restricted to the US and Britain, but spread to countries across the West and even further afield.
After World War II, investment from America and the industrial European nations was shifted to exploit Asian and Latin American states, as the Western powers sought cheaper production in the form of labour and rich natural resources. Washington supported the fascist-style regimes in Spain (Franco) and Portugal (Salazar), and collaborated with Nazi officers like Reinhard Gehlen, Walter Rauff and Otto Skorzeny, in the Cold War stand-off with Soviet Russia.
Skorzeny, an SS lieutenant-colonel, insisted that the American authorities had helped him to escape from prison on 27 July 1948 in Darmstadt, western Germany
(2). Five years before, Skorzeny had played a leading role in freeing Mussolini from a mountain-top Italian prison, at the Hotel Campo Imperatore, less than 70 miles from Rome. Skorzeny became a personal favourite of Hitler, one of his most trusted soldiers.
As late as 29 March 1945, Hitler was singling out Skorzeny for praise; during their final meeting on the previous date mentioned, Hitler spotted Skorzeny in the corridor of the Reich Chancellery in Berlin and warmly shook his hand, thanking him profusely for his wartime actions. The journalist Martin A. Lee wrote that after the war, "The CIA was particularly interested in his [Skorzeny's] services". British officials reported that Skorzeny was "working for U.S. intelligence" which involved "building a sabotage organization".
(3)
Comment: The measure may be intended to stabilise oil markets, but another effect will be that the West will struggle to replenish their rapidly dwindling stocks.