by Professor John McMurtry
Ecological and social science research increasingly demonstrate that ‘globalization’ is not what it seems. It does not produce more prosperity and reduce poverty for the world, but just the opposite. Ever more powerful transnational corporate money sequences multiply through organic, social and ecological life hosts looting and polluting them.
But what can the social alternative be?
Philosophers across schools reject any ultimate common value, and no political party has any unifying solution. Meanwhile a Hobbesian imperative rules – that all must compete harder in this end-game to survive. The cumulative consequence is that common life capital bases are increasingly depredated and stripped to further enrich the corporate rich. Business statistics themselves show that the poorer half of the world has lost over 40% of its wealth in the last five years, while less than one-tenth of one percent of the world’s population has multiplied its private wealth. Yet the World Bank still claims ‘global poverty reduction’, elite voices blame ‘overpopulation’, and games spectacles capture most attention.