Deepening financial and economic crisis and Superpower America's Drive for Securing Hegemony

The explosion of the financial crisis gave advance information about the deepening economic crisis worldwide. Now this crisis has become quite deep. Reality has forced those who were denying a recession to acknowledge the same. Now the discussion is whether or not this recession will take the form of the "Great Depression". Most economists agree that this recession will continue and that it is not going to go away soon. According to Arthur Laffer, "Age of prosperity is over". Noriel Roubini states, "World economies are at breaking point". According to Peter Morici, "The threat of widespread depression is real and present". The assessments of most other economists are also on similar lines.

Over the last two months, the crisis of world capitalism has further deepened. America's economy has shrunk by 0.4% in the third quarter, and it is being considered in recession since 2007. Japan's economy has also shrunk and Japan and Taiwan have also been declared in recession. Economies of the Eurozone countries are also in the grip of recession with the GDP of France shrinking by 0.8% over the last three months. According to the European Union, the economy of the Eurozone will increase by only 0.1% in 2009, and even this estimated figure is being decreased. Unemployment stands at 8.4% overall in the Eurozone countries and in many of these countries it has crossed the figure of 10%.

Saving Capitalism from Capitalists; for Capitalists

The explosion of the crisis in world capitalism has engulfed all countries, and its tremors are being felt throughout the world. Developing and developed; America, West and East Europe, Russia, China, India - all the economies have been severely shaken.

This explosion of the crisis is being termed ‘systemic meltdown’, ‘financial tsunami’ and cries are being heard starting from ‘end of finance capital’ to ‘end of Americam capitalism’ and also ‘end of capitalism.’ Neoliberal economists advocating ‘market knows the best’ are out of market, and the ink of neoliberal writers has dried. Fukuyama, who termed the end of the Cold war as the final victory of capitalism and declared the ‘end of history’, has once again started writing on history. The claims of the end of the challenge of socialism and of the unbridled continuing of capitalism are on their way to the grave even before reaching the age of majority. Entire world capitalism is going through violent turbulence. The campaign of sole superpower America to secure world hegemony is stuck in deep morass.

EALAM : Let us defeat the Indian Hegemonism over South Asia

The Sinhala fanatic racial state had geared up its fierce attack on Ealam Tamil People for a final assault. Army Chief Sarath Fonseka cackled that they will capture Kilonochi from tigers. The main reason for the arrogance and chauvinism of Sinhala military is all due to the support of the Indian Govt. The Indian Govt through the supplies of radars (high tech) and war machinery has ordered an assault on Tigers. When there arose an opposition in Tamilnadu over this, our Govt first refused having sent either radars or machinery or personel. Later when Indian officials got wounded in the counter attack of tigers on Sinhala military, all the machinations of Indian Govt got exposed. Even then the Manmohan Govt kept silent.

Karunanidhi, Tamil Nadu CM kept silent over the matter and later spoke to PM on phone, as usual. The Indian Govt. which feeds the Srilankan Govt. with army and personal in turn immediately called the Deputy Commander of Srilanka  and conveyed its anxiety. There cannot be any other insulting means for degrading the Tamil people.

From the beginning the Indian Govt. has always approached the Ealam Tamil problem with an intention of fulfilling its own designs of supremacy over south Asian region. The interests of Indian comprador Bourgeoise in Srilanka, the socio-economic-militarist supremacy and ever on watch to stop any kind of National Liberation movements or revolution in SA region - these objections always determine all activities of Indian state in South Asian Region.

Indira Gandhi tried to influence Srilankan state by creating puppets in many Ealam Liberation activists during 1983 by supplying arms and assisting them in military training. The Tigers were forced to agree to the Indo-Srilanka treaty on Tamils. At first the Tigers refused. Then Rajiv went into an unwritten agreement with tigers and proceeded to Srilanka as IPKF Mission. The rest is a known history of 1987. Throwing out the island Kachatheevu to Sri Lanka as a grand offer and feeding Tamilian fishermen to the ever hungry Sri Lankan Navy as in a ceremonial war are the only cheaper means to achieve a bigger end, to force Sri Lanka to live under the Indian hegemonic tutelage.

Since the Indian comprador bourgeois like TATA, Ambani and Mittal have grown bigger through globalisation policies of Indian state, they are in an urgent need of the entire South Asian market; and the Indian Govt wants Sri Lankan Govt to accept the rupee as the currency in the entire SA market; also to utilise South Asian Free Trade Area (SAFTA) as its tool and to establish 'peace' in Indian terms. Thus the secrecy of the Indian Military Aid.

The main reason for the setback (relapse) of the Ealam Tamil People's struggle is the fascist trend (trait) in Tigers. Neverthless, if the Sinhala military succeeds in its present offensive, it will assert its standpoint that Tamils are second class citizens. The Indian ruling classes aim to weaken the Indian National liberation movements by crushing Tamil Ealam Struggle.

Hence, we have to resist an unjust Sinhala fascist war; we have to support Ealam People's right to self determination and not limiting to these (objectives) we have to focus our struggles also towards opposing the Indian hegemonism over South Asia and particularly over Sri Lanka at the present context.

(This article appeared in PUTHIYA KALACHARAM - NEW CULTURE - Issue no. 26/3 - 5, Aug - Oct - 2008, Tamil Monthly, Revolutionary Cultural Organ of Peoples Art, Lit Association, Tamil Nadu.)