Send a Tweet
Most Popular Choices
Share on Facebook 12 Share on Twitter 3 Printer Friendly Page More Sharing
Exclusive to OpEdNews:
OpEdNews Op Eds    H2'ed 8/28/12

How and Why Is Global Corporate Capitalism Obsolete?

By       (Page 1 of 3 pages)     (# of views)   13 comments
Author 8235
Follow Me on Twitter     Message Richard Clark
Become a Fan
  (109 fans)
- Advertisement -
 

Jerry Mander's new book, The Capitalism Papers, has a compelling subtitle:   Fatal Flaws of an Obsolete System.       

 

In liberal punditry, the acceptable spectrum of discourse does not permit use of the word capitalism.   In the foundation-sponsored non-profit sector, for instance, such talk would be financial suicide.   Nor are US trade unions (what's left of them) anti-capitalist.   In fact their leaders explicitly claim that their aim is to get capitalism to work better.   So, as Mander correctly points out, there seems to be an unspoken consensus:   "Global corporate capitalism" -- a human creation -- "occupies a virtually permanent existence -- like a religion or the Pope, it is infallible."

 

- Advertisement -

According to Mander, who provides ample statistics to back up his claims, global corporate capitalism is leading inexorably to worldwide social and ecological collapse.   Growing numbers of human beings are going hungry and getting sick . . as the world's vital resources are squandered, as pollution mounts, and as weather patterns become ever more destructive.  

 

What lies at the heart of this insanity?   It is this:   Commanding an implacable and steady increase of top-tier individual and corporate wealth is the core principle of global corporate capitalism.   Meanwhile, recognition of any social concern, or relationship-to-the-natural-world, that transcends the goal of increasing capital accumulation for the few, does not occur.   Why not?   It's because it is extrinsic to the system, and must therefore be ignored.  

- Advertisement -

 

Four critical problems must then be recognized:

 

Dependence on growth:       Global corporate capitalism relies on limitless growth -- but the natural resources essential to wealth production are finite, i.e. limited.   Super-exploitation of resources is exhausting those resources and destroying the ecosystems with which they are associated, thereby jeopardizing human survival as well as that of other species.

 

Propensity to war:     Since the only goal of the power elite is to accumulate (rather than more fairly distribute) wealth, the limited and shrinking resources that are essential to producing that wealth must and will be fought over, and will be owned and controlled by the winners.   For this reason, high-tech, super-deadly warfare becomes inevitable.

- Advertisement -

 

Intrinsic & growing inequity, and the consequently inevitable disappearance of democracy:     Without any constraining outside force or internalized principle of social equity, capital accumulation leads almost exclusively to ever more accumulation by the few, which is to say that ever larger amounts of capital are thereby concentrated in ever fewer hands.   Problem is, democracies are corruptible:   so this ever greater concentration of wealth allows the purchase of the legal and political representation it needs to get laws passed that facilitate the further accumulation and concentration of wealth in the hands of the moneyed and powerful few.   This means that as the concentration of wealth increases, democracy is degraded and ultimately destroyed.

 

Next Page  1  |  2  |  3

 

- Advertisement -

Valuable 6   Must Read 5   Supported 5  
Rate It | View Ratings

Richard Clark Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Was Pat Tillman Murdered by an American Sharpshooter to Shut Him up?

New JFK assassination bombshells

Two U.S. presidents implicated by ex-CIA black-ops assassin

The cholesterol - heart disease scam: How the medical-industrial complex is raking in billions at our expense

Four Ticking Time Bombs That Will Soon Ignite a Revolution

The Ultimate Goal of the Bankster-led Political-economic Warfare Being Waged Against Us Is . . . ?