A Black Agenda Radio commentary by executive editor Glen Ford
Corporate conspirators have Detroit in their clutches. “Lawyers for Jones Day will be handling the sale of Detroit’s property and the cancelling of its contracts as ordered by another Jones Day lawyer, Kevyn Orr” – which means that “the same law firm is effectively serving as attorney, client, and local government in Detroit.” Democracy abolished, corporate rule installed.
The Lords of Capital Seize Detroit
A Black Agenda Radio commentary by executive editor Glen Ford
“Financial manager Kevyn Orr may answer to the state of Michigan, but he represents the corporate class.”
Detroit’s state-appointed emergency financial manager promised that he won’t cut the salaries
Demonstrators have been protesting the disenfranchisement of what now comprises more than half of Michigan’s Black population. Rev. David Bullock says
“Kevyn Orr will be making decisions on how Detroit will deal with creditors that include his former firm’s Wall Street client, Merrill Lynch.”
But it gets worse. Jones Day also represents many of the banks that were primarily responsible for rendering Detroit’s tax base untenable, through devastating home foreclosures. One of them is Bank of America, the parent company of Merrill Lynch, which is a counter party to Detroit’s derivative interest rate swaps. As Tom Stephens explains, that means Merrill Lynch “is one of the city’s key creditors.” So, financial dictator Kevyn Orr will be making decisions on how Detroit will deal with creditors that include his former firm’s Wall Street client, Merrill Lynch. What Kevyn Orr calls his job description would be grounds for an indictment for criminal conspiracy in any society under the rule of law.
But, that’s the point: the corporate rulers of America have discarded the rule of law – certainly, as it affects Black people, who are targeted for disenfranchisement and outright removal from the nation’s cities. Yes, the corporate henchman Kevyn Orr is Black, which only goes to show that the Lords of Capital have enlisted a class of Black folks who will enthusiastically assist in the liquidation of African American political, civil, economic and human rights.
One of them now sits in the White House. Barack Obama is the biggest privatizer of public schools in history, far more effective than George Bush. The massive assault on local elected authority over the public schools, mainly targeting Black school districts, paved the way for privatization through charters. It was only a matter of time before Black city governments were also neutralized. President Obama has been indispensable to this whole process, as has Detroit mayor Dave Bing. So, it is true that the siege of Detroit is largely racial. It is also true that more than a few Black folks are working for the other side.
For Black Agenda Radio, I’m Glen Ford. On the web, go to BlackAgendaReport.com.
BAR executive editor Glen Ford can be contacted at Glen.Ford@BlackAgendaReport.com .
The Anti-Imperialist Scholars Collective (AISC) offers an analysis of the Ramadan War and the multiple fronts of Iranian anti- imperialism. It uses anti-imperialist methodology, grounded in…
From the blockade of Cuba to the kidnapping of Venezuela's president, U.S. imperialism is recolonizing the Americas, and the only answer is a Zone of Peace built through popular struggle and anti-…
Early last year, Governor Ron DeSantis began signing death warrants at a faster rate than ever before. What followed was the most intense period of executions the state has carried out in more than…
Eight student activists in Michigan face decades in prison for advocating that their university divest from genocide. It is clear the goal of the indictment is to terrorize the Palestine solidarity…
In this week’s segment, we discuss U.S. control over Venezuela and its resources, and the Venezuelan people's response to their loss of sovereignty. But we begin with a report on the police killing…
