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....but the state doesn't reconsider
itself.
First as RB reports, during 2002-2003 Argentinian
suffered a net financial outflow in international debt receipts and
payments. So that even during the period when and after the government had
"defaulted" on approximately $130 billion in debt, debt servicing
continued.
Secondly, the "default" does not exist in isolation
from the overall attempt of Argentine capitalism to preserve protect and extend
its property at the expense of any and everyone. Thus the default follows
the freezing of bank accounts, the suspension of convertibility, dramatic
devaluation, currency controls, wage reductions, unemployment and immiseration
of the overall society. Default is part of a program. And partial
payment of the debt at 25% is also part of that same program of that same
class, that same social organization.
So it seems the very least Marxists should do is a
lot more than "critical support" of the current leadership of the
bourgeoisie's plan to preserve the bourgeois ship of state and vice
versa. Like, hey, how about paying 0% of the debt? Is that too
radical? It wasn't too radical in 1998 for Bono and the Jubilee
types.
Which brings us to the whole notion of critical
support-- no such support exists separate and apart from an overall program
carefully distinguishing the working class program and solution from the
bourgeoisie's.
Kirchner says 25cents on the dollar, critical
support means counterposing 0 cents on the dollar as the 25 cents is going to
come out of the depreciated living standards of the poor. And it's 0
cents with wage increases and socialization of the banks to
prevent financial sabotage.. Its 0 cents with asset takeovers of
international firms shuttering production. Just for starters, I
mean.
Critical support is a great tactic, based on a
class distinction. "Like the rope supports the hanged
man." We're supposed to be the rope in that
formulation.
dms
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