Italy’s Government Is Outsourcing Its Economic Strategy To Private Management Consultants McKinsey
Upon its formation last month, Mario Draghi’s new government was heralded by almost all Italian and international media as a rescue operation. Where the former European Central Bank (ECB) chief Draghi had “saved the euro” in the 2010s, most outlets gushed over “Super Mario” and his plan to “save Italy” by splashing a mooted €209 billion in European recovery fund cash while “reforming” its lackluster economy. The kind of “reforms” this meant went unmentioned — and after all, this government bears no relation to voter decisions, or the coalitions that ran in the last general election. But for the fourth time since the 1990s, a president called on a technocrat from the world of finance and banking to form a cabinet, halfway through a parliament. Eight of Draghi’s twenty-three ministers are unelected technocrats, in a so-called government of experts.If these figures are not party-political, they have similar backgrounds and instincts. Economy minister Daniele Franco is a former Bank of Italy official who drafted the famous 2011 ECB letter instructing the government to implement privatizations and cut back collective bargaining. Former Vodafone CEO Vittorio Colao — today innovation and digital transition minister — is a former partner at private consultants McKinsey & Company. Now, it has been revealed that McKinsey is going to be tasked with writing Italy’s economic plan for the coming period, to be submitted for review by the European Commission at the end of next month. Notorious for its role in the Enron scandal as well as the 2008 financial crisis — as it promoted the boundless securitization of mortgage assets — and the botched vaccine rollout in France, the firm is now being called on to shape the Draghi government’s “reform” agenda.
Purging Inconvenient Facts in Coverage of Biden’s ‘First’ Air Attacks
When the Biden administration bombed Syria on February 25, the attack killed “at least 22,” most of them members of Iraqi militias, according to the Syrian Observatory for Human Rights, a London-based monitoring organization opposed to the Syrian government. The US said the bombing was retaliation for three rocket attacks on US bases in Iraq that it claims were carried out by groups allied with Iran (NBC, 2/25/21). In one of the attacks, rockets fired at Erbil airport killed a military contractor and an Iraqi civilian. The US does not say that its airstrike on Syria was aimed at the group that carried out the Erbil attack, which, as the New York Times (2/26/21) reported, was claimed by a previously unknown armed group calling itself the Guardians of the Blood. United States officials said it appeared to be affiliated with one or more of Iraq’s better-known militias, and Thursday’s strikes in Syria targeted facilities belonging to them. Furthermore, the site that the US bombed in Syria “was not specifically tied to the rocket attacks” (CNN, 2/25/21). A New York Times (2/25/21) report from Helene Cooper and Eric Schmitt ran with the headline, “US Airstrikes in Syria Target Iran-Backed Militias That Rocketed American Troops in Iraq.” However, the 11th paragraph of the article said that “little is known about” Guardians of the Blood, “including whether it is backed by Iran or related to the organizations that used the facilities the American airstrikes targeted on Thursday.”
Episode 141: Snitch City(TrueAnon)
We’re joined by authors and educators Aaron Leonard and Connor Gallagher, coauthors of Heavy Radicals, A Threat of the First Magnitude, and the Folksinger and the Bureau. We take a closer examination on the assassination of Fred Hampton, operational differences between the FBI & the police, and what we can learn from it.