Battleground Beirut: Western colony or back to the East?: Pepe Escobar
Battleground Beirut: Western colony or back to the East?: Pepe Escobar via The Saker
As much as Covid-19 has been instrumentalized by the 0.001% to social engineer a Great Reset, the Beirut tragedy is already being instrumentalized by the usual suspects to keep Lebanon enslaved.
Facing oh so timely color revolution-style “protests”, the current Lebanese government led by Prime Minister Diab has already resigned. Even before the port tragedy, Beirut had requested a $10 billion line of credit from the IMF – denied as long as trademark, neoliberal Washington consensus “reforms” were not implemented: radical slashing of public expenses, mass layoffs, across the board privatization.
Post-tragedy, President Emmanuel Macron – who’s not even capable of establishing a dialogue with the Gilets Jaunes/Yellow Vests in France – has opportunistically jumped in full neocolonial mode to pose as “savior” of Lebanon, as long as the same “reforms”, of course, are implemented.
On Sunday, France and the UN organized a videoconference to coordinate donor response – in conjunction with the European Commission (EC), the IMF and the World Bank. The result was not exactly brilliant: a paltry 252 million euros were pledged – once again conditioned by “institutional reforms”.
France came up with 30 million euros, Kuwait with 40 million, Qatar with 50 million and the EC with 68 million. Crucially, neither Russia nor Iran were among the donors. The US – which is harshly sanctioning Lebanon – and GCC allies Saudi Arabia and UAE pledged nothing. China had just a pro forma presence.
In parallel, Maronite Christians in Brazil – a very powerful community – are sending funds for the color revolution protests. Former President Michel Temer and industrialist tycoon Paulo Skaf even flew to Beirut. Former Lebanese President Amin Gemayel (1982-1988) maintained a lot of businesses in Brazil with funds he skimmed when in power.
All of the above points to neoliberalism taking no prisoners when it comes to keeping its deadly grip on Lebanon.
The Hariri model
Lebanon’s profound economic crisis, now aggravated by the Beirut port blast, has nothing to do with Covid-19 or the US proxy war on Syria – which brought a million refugees to the nation. It’s all about proverbial neoliberal shock and awe, conducted non-stop by the Hariri clan: former Prime Ministers Rafiq, assassinated in 2011, and Saad, chased out of power last January.
The Hariri model was focused on real estate speculation and financialization. The Solidere group, controlled by Arab investors and a few Lebanese, Hariri included, destroyed Beirut’s historical downtown and rebuilt it with luxury real estate. That’s the classical rentier neoliberalism model that always profits a tiny elite.
In parallel, the Bank of Lebanon was attracting funds from the tony Lebanese diaspora and assorted Arab investors by practicing very generous interest rates. Lebanon suddenly had an artificially strong currency.