Insight and inspiration in turbulent times.
So overpopulation is a real problem. But if we don’t overthrow capitalism, Mother Nature is going to solve the overpopulation problem in a hurry, but in a most unpleasant manner. That’s why I don’t concern myself much with the population problem. I don’t mean to ignore it. But I think its very much a secondary driver compared to capitalism.
Guy Standing’s The Corruption of Capitalism (Biteback Publishing 2017) is a powerful attack on rentier capitalism and, very explicitly, a call to revolt. It is very informative and the detailed factual descriptions that Standing puts before his readers are intended to make them angry. He succeeded with me and probably will with most readers.
The problem is, we live in an economy built on perpetual growth but we live on a finite planet with limited resources and sinks. To date, all efforts to “green” capitalism have foundered on this fundamental contradiction: maximizing profit and saving the planet are inherently in conflict and cannot be systematically aligned even if, here and there, they might coincide for a moment. That’s because under capitalism, CEOs and corporate boards are not responsible to society, they’re responsible to private shareholders.
Britain’s housing crisis is complicated mess. Fixing it requires a long-term plan and a bold new approach to policy. But in the meantime let’s start calling it what it really is: the largest transfer of wealth in living memory.
The basic point is that despite our contemporary post-socialist tendency to counterpose ‘the market’ of the capitalist economy with ‘the state’, capitalist development has always been a state project, albeit in partnership with private actors. Without the state, there’d certainly be no capitalism, and probably not even all that much of a ‘market’ in the sense of places where people come together to buy and sell goods.
So, back to the main thread of my story: in weighing up capitalism’s historical record, it’s also necessary to reckon with the fact that capitalism has never confined itself to single national economies.
The stage is now set for the next scene in our whistle-stop tour – the emergence of capitalism. But first a quick aside. Enmeshed in a contemporary global capitalist economy as we are, it’s easy to read it back into history as some kind of inevitable culmination of past processes. But there’s no reason to think that our present was foreordained.
We are in the throes of a transition to a qualitatively new stage of world capitalism. Its essence is the emergence of truly transnational capital, a transnational capitalist class (TCC) made up of the owners and managers of transnational corporations, and transnational state apparatuses through which the TCC attempts to exercise global political authority.
Can you feel capitalism dying around you? There is a mental disease of late-stage capitalism causing deep worry and anxiety, prompting feelings of severe isolation and humiliation, combined with a profound sense of powerlessness for millions of people around the world. The question I ask today is What are YOU going to do about it?
In a world that is falling apart (no further elaboration needed), how shall we understand the dynamics of survival and collaboration? How does life persist and flourish in a world that is hellbent on commodifying and privatizing every aspect of human relations and the natural world? For anthropologist Anna Lowenhaupt Tsing, the answer is to study the strange life of the humble matsutake mushroom…
Naomi Klein: “We are told that selfishness and short-sightedness is part of human nature, which prevents us acting. This is not true and it steers us away from an analysis of our [capitalist] system. In fact, the fight for survival is human nature.”
The Ford Foundation believes we have an obligation to strengthen capitalism. In fact we have a duty to transform it.
