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Che Guevara Would Have Approved 2009 Nobel Economics Prize
By Jay Janson (about the author) Page 1 of 2 page(s)
For OpEdNews: Jay Janson - Writer
“The Nobel Memorial Prize in Economic Science was awarded on
Monday to two Americans for their work in economic
governance.”
“Economic governance!” How appropriate. The public has never been more
aware than today, that we are governed and pillaged by the private
financial industry.
“The award was split between Elinor Ostrom of Indiana University "for her analysis of economic governance, especially the commons" and Oliver E. Williamson of the University of California, Berkeley "for his analysis of
economic governance, especially the boundaries of the firm."
Ah yes, good that we study some betterment effected by the corporation
within those ever expanding and engulfing boundaries. Already during
the first days of mercantile capitalism in early 17th century Europe
and in America at the end of the following century, corporations had
begun to exceeded their lawful state charters as companies of limited
liability
And it is well that we speak of the commons, now, during this faltering
of mindless capital growth and the weakening of its undisciplined
expansion of goalless and directionless commodity production for
private profit. After all, it was the ‘enclosure of the commons' that
brought the initial man-made mass immiseration to enable what we call The Industrial Revolution.
The findings of these winners of the Nobel Prize in Economics as
described by the awarding committee could be interpreted as supportive of
Che Guevara's economic theory and practice developed in on-the-job
learning managing Cuba's socialist revolution.
Che Guevara would have noticed this immediately. For Prof. Ostrom's
studies on the well functioning and overall benefits of the commons
underscore Che's firm belief in, and commitment to, the common
ownership of the earth and its treasures.
And Che might have made use of Williamson's work explaining a
heightened functionality of the large corporation coordinating the
smaller enterprises within its boundary to bolster his arguments
reinforcing the validity of Cuba denying independent budget and
production for Cuba's particular industries in order for all to better
serve the needs and goals of the Cuban people under challenging
circumstances through a flexible coordination managed by the economic
policy body representative of the Cuban nation as a whole.
Stockholm 10/12/09 Agence France-Press, "The Nobel Economics Prize went
Monday to US economists Oliver Williamson and Elinor Ostrom, ... for
research on ethical corporate governance and natural resource
management.”
The word “ethical” stands out, for we have often been lectured that
“good guys don't win ball games” by apologists for capitalist
economics, by way of insisting the dire straights of the wage laborer be a necessary evil - that there is no room for morality in efficient
capital accumulation.
The study of “corporate governance” brings perhaps an inadvertent but
implicit recognition that corporations do rule the world. “Corporate
governance” also brings to mind that unity of corporation and state,
which was hailed as fascism in the Italy of Mussolini so early on
beloved by American captains of industry and finance.
The jury explains a second reason for the award as being for bringing
understandings of “natural resources management.” It leaves unmentioned
‘for whom,' and ‘by what right,' but we assume the study is of how
corporations manage natural resources for the benefit of corporate
profit margins, though there will most surely be some euphemism about
resources being managed for our benefit and climate change prevention
as well.
‘In its announcement, the committee said Ms. Ostrom “has challenged the
conventional wisdom that common property is poorly managed and should
be either regulated by central authorities or privatized. Based on
numerous studies of user-managed fish stocks, pastures, woods, lakes,
and groundwater basins,”
Her work challenged the “conventional wisdom” that common property is poorly managed, the jury said.
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