The devil’s workshop, Part 2

map.jpg

Machetera has been struggling for a little while about how to categorize the articles which began with Colombia’s March 1 attack on Ecuador. Should they go under Ecuador? Colombia? Venezuela?

At this point it seems obvious. They will be filed under “The Coming Latin American War,” as Raúl Zibechi explains in his excellent article posted at Global Politician, where he outlines the growth in Colombia’s armed forces over the years, the reasoning behind Plan Colombia, and what comes next.

“…in reality, the Colombian-American military operative that violated the sovereignty of Ecuador is directed specifically at Hugo Chavez. What we are witnessing could be the first phase of a vast offensive to destabilize the “Bolivarian Revolution” and to alter the relationship between the powers in South America. This strategy has been implemented in stages. First there was Plan Colombia, intended to strengthen the military capacity of the Colombian state and place it among the most powerful on the continent. Next came the “spilling over” of the internal war into neighboring countries. The third stage seems to be “pre-emptive war,” which has become the Pentagon’s most widely used military strategy since the terrorist attacks of Sept. 11, 2001. “

Machetera does not share Zibechi’s optimism about Brazil’s economic strength, keeping in mind Jorge Altamira’s analysis, (no-one will escape the global economic meltdown, not even or especially not Brazil) but that’s a minor quibble:

“With extravagant interest rates and a continually appreciating currency, Brazil has attracted massive amounts of speculative capital which will undergo withdrawal as the international crisis deepens. A Brazilian bond which expires in 2045 offers interest of 7.5% above inflation, but a debt to Japan pays only 1%. Borrowing in Tokyo to invest in Sao Paulo has become a real business for Brazilian banks. The extraordinary crashes in reaction to international collapses that have every so often played a starring role in Sao Paulo’s market in recent months, are a manifestation of its financial vulnerability.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s