ECONOMICS
Economic fundamentalism, synonymous these days with market fundamentalism, presents another grave threat. After fall of the Soviet system, the naturalness of capitalism is now taken to be beyond question. The dominant assumption about corporate capitalism in the United States is not simply that it is the best among competing economic systems, but that it is the only sane and rational way to organize an economy in the contemporary world.
In capitalism, (1) property, including capital assets, is owned and controlled by private persons; (2) people sell their labor for money wages, and (3) goods and services are allocated by markets. In contemporary market fundamentalism, also referred to as neoliberalism, it?s assumed that most extensive use of markets possible will unleash maximal competition, resulting in the greatest good -- and all this is inherently just, no matter what the results. The reigning ideology of so-called ?free trade? seeks to impose this neoliberalism everywhere on the globe. In this fundamentalism, it is an article of faith that the ?invisible hand? of the market always provides the preferred result, no matter how awful the consequences may be for real people.
Adding to the absurdity of all this is the hypocrisy of the market fundamentalists, who are quick to call on government to bail them out when things go sour (in recent U.S history, the savings-and-loan and auto industries are the most outrageous examples). And then there's the reality of how some government programs -- most notably the military and space departments -- act as conduits for the transfer of public money to private corporations under the guise of ?national defense? and the ?exploration of space.? And then there?s the problem of market failure -- the inability of private markets to provide some goods or provide other goods at the most desirable levels -- of which economists are well aware.
In other words, economic fundamentalism -- the worship of markets combined with steadfast denial about how the system actually operates -- leads to a world in which not only are facts irrelevant to the debate, but people learn to ignore their own experience.
On the facts: There is a widening gap between rich and poor, both worldwide and within most nations. According to U.N. statistics, about a quarter of the world?s population lives on less than $1 a day and nearly half live on less than $2. The 2005 U.N. Report on the World Social Situation, aptly titled ?The Inequality Predicament,? stresses:
?Ignoring inequality in the pursuit of development is perilous. Focusing exclusively on economic growth and income generation as a development strategy is ineffective, as it leads to the accumulation of wealth by a few and deepens the poverty of many; such an approach does not acknowledge the intergenerational transmission of poverty.? http://www.un.org/esa/socdev/rwss/media%2005/
That?s where the data lead. But I want to highlight the power of this fundamentalism by reminding us of a common acronym: TGIF. Everyone in the United States knows what that means: ?Thank God it?s Friday.? The majority of Americans don?t just know what TGIF stands for, they feel it in their bones. That?s a way of saying that a majority of Americans do work they generally do not like and do not believe is really worth doing. That?s a way of saying that we have an economy in which most people spend at least a third of their lives doing things they don?t want to do and don?t believe are valuable. We are told this is a way of organizing an economy that is natural.
TECHNOLOGY
Religious, national, and economic fundamentalisms are dangerous. They are systems of thought -- or, more accurately, systems of non-thought; as Wes Jackson puts it, ?fundamentalism takes over where thought leaves off? http://www.oriononline.org/pages/oo/sidebars/america/jackson.html -- that are at the core of much of the organized violence in the world today. They are systems that are deployed to constrain real freedom and justify illegitimate authority. But it may turn out that those fundamentalisms are child?s play compared with U.S. society?s technological fundamentalism.
Most concisely defined, technological fundamentalism is the assumption that the increasing use of increasingly more sophisticated high-energy, advanced technology is always a good thing and that any problems caused by the unintended consequences of such technology eventually can be remedied by more technology. Those who question such declarations are often said to be ?anti-technology,? which is a meaningless insult. All human beings use technology of some kind, whether it?s stone tools or computers. An anti-fundamentalist position is not that all technology is bad, but that the introduction of new technology should be evaluated on the basis of its effects -- predictable and unpredictable -- on human communities and the non-human world, with an understanding of the limits of our knowledge.
Our experience with unintended consequences is fairly clear. For example, there?s the case of automobiles and the burning of petroleum in internal-combustion engines, which gave us the interstate highway system and contributes to global warming. We haven?t quite figured out how to cope with these problems, and in retrospect it might have been wise to go slower in the development of a transportation system based on the car and think through the consequences.
Or how about CFCs and the ozone hole? Chlorofluorocarbons have a variety of industrial, commercial, and household applications, including in air conditioning. They were thought to be a miracle chemical when introduced in the 1930s -- non-toxic, non-flammable, and non-reactive with other chemical compounds. But in the 1980s, researchers began to understand that while CFCs are stable in the troposphere, when they move to the stratosphere and are broken down by strong ultraviolet light they release chlorine atoms that deplete the ozone layer. This unintended effect deflated the exuberance a bit. Depletion of the ozone layer means that more UV radiation reaches the Earth?s surface, and overexposure to UV radiation is a cause of skin cancer, cataracts, and immune suppression.
But, the technological fundamentalists might argue, we got a handle on that one and banned CFCs, and now the ozone hole is closing. True enough, but what lessons have been learned? Society didn?t react to the news about CFCs by thinking about ways to step back from a world that has become dependent on air conditioning, but instead looked for replacements to keep the air conditioning running. So, the reasonable question is: When will the unintended effects of the CFC replacements become visible? If not the ozone hole, what?s next? There?s no way to predict, but it seems reasonable to ask the question and sensible to assume the worst.
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