e-Con e-News

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Before you study the economics, study the economists!”

e-Con e-News 11-17 August 2024

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‘Deception, misdirection, and obfuscation –

all key traits of a successful Sri Lankan politician’

– 13 August 2024, EconomyNext (Another US Embassy Service of the Lips)

This ee reconnoiters the intriguing monotony behind the capitalist media’s name-calling and attacks on Sri Lanka, and the link between the owners of so-called social media and the country’s debt bondage. We examine the interlocking between the ‘owners’ of Sri Lanka’s debt and such sexy tech companies like Google. ee also highlights the role Facebook, et al play in promoting brain drain, as well as interfering in the country’s internal affairs. And, why not? The ruling oligarchy is deeply mired in the white world, and indebted to them.

     This week’s revelation by the Election Commissioner about a fraudulent website, hosted on a US-based Google server, with links circulated via WhatsApp, X and other messaging platforms points to  the usual CIA playbook. The news also coincides with the US government’s purported attempt to break up Alphabet Google’s ‘illegal’ monopoly over online searches (which will only create deeper monopolies). This ee also tries to show the constant concentration of capital, and the links between monopoly capitalism and the state. Indeed, English news about Sri Lanka invariably prioritizes news by BBC, CNN, Bloomberg, etc…, which spits out the same drivel over and over again. Then again, why not? They cannot very well sum up, after 500 years and more of invasion, that they owe Sri Lanka.

     The internet was ostensibly initiated and still belongs to the US government (more precisely its war-making wings). For example, Facebook’s first investor Peter Thiel (who like Twitter’s Elon Musk arose out of white South African & Namibian mining finance) has very deep ties to the US military – he set up Palantir, a major weapons dealer and surveillance firm, whose first institutional backer was the CIA. He also exerts a deep influence on US politics (Trump’s running mate JD Vance was hired by Thiel at Mithril Capital, and Thiel was Vance’s main financial backer in his 2022 Senate campaign). Let us reiterate once more, there is only one party in the USA – the Capitalist Party – no matter how many fancy wings (Republican, Democrat, Left, Right) it arrays.

     Their media monopolies inevitably frame and select a colonized country’s priorities, let alone insist on naming the roots of our discontent – refusing to look at the sabotage of any attempt at modern industrialization, which alone can resurrect the economy. Their monopoly becomes more evident in capitalist elections, which are a big business for the capitalist media – the major immediate beneficiary of the rupees, dollars and pounds that flow at elections, along with the ink, electronic and other, paper and cloth…Such media are at the mercy of such ‘fast-moving’ consumer goods’ retailers like Unilever and Proctor & Gamble, linked to slavish plantations around the world, who run the ad agencies, and thereby promote diversionary sensationalism, instead of focusing on land, labor, and national liberation.

     Corruption is their cry and yet this is surely nothing new:

The will of the capitalist is certainly to take as much as possible.

What we have to do is not to talk about his will, but to enquire into

his power, the limits of that power, and the character of those limits.

– Karl Marx, 1865.

The media would rather waste our time on the promises of decadent merchants and moneylenders – the market minorities imposed on the country to extend the long nightmare of colonialism and its import-export plantation fraud.  Yet, the country can only rise, with where the country’s wealth truly lies – in its fertile land and skilled labor:

‘We must not base our orientation on the strata of society

which are no longer developing, however predominant,

but on those strata which are developing and have a future,

even though they are not yet predominant.’

– J. V. Stalin, 1938.

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Contents:

Google & Facebook’s Role in Sri Lanka’s Debt Bondage & Brain Drain