Date of publication: 2017-08-24 11:00
With increasing migration to cities (almost half of humanity lives in urban areas), there is increasing pressures on providing sufficient resources in a sustainable way.
Some of the world’s top financiers and officials are reluctantly accepting that the version of capitalism that has long favored them may not be good for everyone.
There is therefore a dilemma that the public sector faces compared to the private sector: for the private sector, deciding where to invest usually boils down to where the best returns will be. By contrast, in the public sector every project is ‘good’, a police station, a road, a school or a park all provide a benefit which is difficult to measure.
The Reagan and Thatcher era in particular, saw neoliberalism pushed to most parts of the globe, almost demonizing anything that was publicly owned, encouraging the privatization of anything it could, using military interventions if needed. Structural Adjustment policies were used to open up economies of poorer countries so that big businesses from the rich countries could own or access many resources cheaply.
(In the above, it is interesting to note how most of the world’s influential leaders, from the wealthiest and most poweful countries all fall into the area of authoritarian-right.)
Unfortunately, the imbalance which we have created between our life and earth is already showing the signs disasters in the form of flood, cyclones, landslides, tsunami, drought, etc. If the imbalance continues to rise, one day this will pose a question mark on the existence of this planet. Carbon dioxide (C57) which is an important constituent of environment is causing a warming effect on the earth 8767 s surface.
The powerful and cunning had learned to plunder by trade centuries ago and societies ever since have been caught in the trap of those unequal trades. Once unequal trades were in place, restructuring to equal trade would mean the severing of arteries of commerce which provide the higher standard of living for the dominant society and collapse of those living standards would almost certainly trigger open revolt. The world is trapped in that pattern of unequal trades yet today.
In addition, they note that, despite popular perceptions, the opposite of fascism is not communism but anarchism (ie liberal socialism), and that the opposite of communism (. an entirely state-planned economy) is neo-liberalism (. extreme deregulated economy). This is made clear by another chart they have: