Marián Vitkovič: the 100 richest Slovaks have assets equal to eight state budgets

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Published on Nov 20, 2024
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Panel discussion with economist Marián Vitkovič. He used to say about himself that he became the first dissident after the transformation in Slovakia. The reason is that, especially in the academic sphere, allegiance to the neoliberal regime prevailed and the inability to think critically and oppose the so-called reform concept of economic and social policy. He indicated that it has global implications. The world has been in crisis for 50 years since the Watergate affair in the USA, when the dismantling of the so-called of the welfare state: a neoliberal counter-revolution began, which began to gradually liquidate the welfare state. This policy began to be implemented in our country after the fall of the Eastern Bloc states. A significant turning point occurred in 1995, when the International Monetary Fund adopted a decision on the complete liberalization of capital flows - states ceased to have control over what capital comes and goes from their countries, thereby losing influence on monetary policy in terms of their own national needs. According to him, after the global crisis that started in 2008, the system is experiencing convulsions and is coming to the deindustrialization of the USA and Western Europe and the liquidation of the middle class. The fortunes of a handful of billionaires are increasing and the poor class of the population, which makes up a large part of the population in Slovakia, is growing rapidly. Based on his own research, he claims that the middle class in our country almost did not exist already in 1998: 60 percent of people had a maximum of 15-20 percent of property and income, 15 percent consisted of a group of people who could be considered upper middle class, and approximately four percent of the population they owned 60 percent of the property and resources. He added that the hundred richest people in Slovakia currently have assets equal to eight state budgets, while five people actually manage our country in the long term. As he continued, part of the country's economic and social degradation is the "debilization" of education, because "a stupid nation is well controlled" and it is easier to achieve the electoral result desired by the elites through it. All this is happening under the ideological and economic supervision of Brussels. He says that the demise of the EU in its current form is inevitable due to the unsustainability of its politics. The Union will end up like an open-air museum - it will be overrun by hard-working Asians, and Europeans will become "lazy slackers" living in an ineffective and unbalanced society. Moreover, Europe today finances American welfare. He believes that the BRICS grouping, which represents almost half of the world economy, should begin to reorganize the global monetary system and eliminate the influence of the dollar. In his opinion, there is no other way that the world will eventually deglobalize and return to nation-states - but for that, a "radical cut" is needed.

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