Guest post by VISHWAS SATGAR
This article was earlier published in Global Dialogue
In the contemporary carbon-centric lifeworld of capitalism, gas-guzzling automobiles, hi-tech airplanes, massive container ships, and energy-using skyscrapers are weapons of mass destruction. The more these resource-intensive and carbon-centric social relations prevail, the more climate change is accelerated. After rupturing the earth system, this new capitalist nature – under patriarchal domestication, scientifically observed and managed – now has to be geo-engineered and carbon emitted has to be stored in the deep recesses of planet Earth; despite the uncontrollable consequences for life on the planet, oil spigots will only be shut when the last dollar is extracted from this deadly resource. The logic of contemporary capitalism is not merely about dispossession, but about ecocide, that is, the obliteration of the conditions necessary to sustain human and non-human life on planet Earth. This is what Karl Marx called the “metabolic rift of capitalism” and Rosa Luxemburg, the “conquest of the natural economy.”
Continue reading After Capitalism – Democratic eco-socialism: Vishwas Satgar
An earlier version of this essay was published in Outlook magazine
“The young students are not interested in establishing that neoliberalism works – they’re trying to understand where markets fail and what to do about it, with an understanding that the failures are pervasive. That’s true of both micro and macroeconomics. I wouldn’t say it’s everywhere, but I’d say that it’s dominant.
“In policymaking circles I think it’s the same thing. Of course, there are people, say on the right in the United States who don’t recognise this. But even many of the people on the right would say markets don’t work very well, but their problem is governments are unable to correct it.”
Stiglitz went on to argue that one of the central tenets of the neoliberal ideology – the idea that markets function best when left alone and that an unregulated market is the best way to increase economic growth – has now been pretty much disproved. Read the full report by Will Martin here
One often hears over-zealous warriors of neoliberalism say of Leftists that they live in a time- warp; that the world has long changed and that the disappearance of state-socialism has finally proved that all their beliefs were little more than pipe-dreams. They talk as though history came to an end with the collapse of actually existing socialisms and the global ascendance of neoliberalism in the early 1990s. As though all thought came to an end; as if the distilled essence of everything that could ever be thought, or need be thought, was already encapsulated in the neoliberal dogma.
Continue reading New Politics of Our Times and Post-Capitalist Futures