…After centuries of growing enlightenment, and some progress towards social [and economic] justice, we seem to be backpedaling to the ultimate spiritual cure of old: resignation, or maybe hope. If man is incapable of bringing social justice to this world, there’s always a “next world.” …
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Whether through divine inspiration or deep insight about fellowmen, Jesus Christ promised mankind during the Sermon on the Mount that the meek would inherit the earth. Social injustice was patent at that time, and it continues to be today. Hope for social justice could only be conceived then as a reward earned for temporal suffering. to be cashed-in after death.
After centuries of growing enlightenment, and some progress towards social [and economic] justice, we seem to be backpedaling to the ultimate spiritual cure of old: resignation, or maybe hope. If man is incapable of bringing social justice to this world, there’s always a “next world.”
But for some, global capitalism is a now-hope, a now-cure to economic injustice.
In bottom line terminology, global capitalism will not prove to be a panacea to help us all, nor will it be a way for redistributing wealth from developed nations to the third world. The system will not benefit the people in Monrovia, London, Jakarta, Lima (Peru) or Lima (Ohio). Global capitalism will not hold prejudice, or bring benefit, on account of race, culture or geography. The benefits are likely to be restricted to the capital-holding class.
Perhaps clarity is needed in defining global capitalism. To many it might solely imply the advocacy throughout much of the world of a for-profit (capitalist) system. But it’s much more than that; a for-profit system, yes, but one that relies on the more or less unrestricted transnational movement of capital. This system goes far beyond the free trade in goods and services, allowing capital holders to have inordinate power, and the key role, in determining the fortunes, or misfortunes, of individuals, communities and nations. plus a fortuitous lack of governmental control.
Global capitalism’s virtuosity comes to us refracted through the prism of politicians and others holding the reins of power. It’s presented to us as a magic elixir with the power to multiply the world’s productive potential, and become the all-purpose tool, the economic Swiss army knife, capable of carving away and possibly eliminating poverty world-wide.
Although it’s reasonable to assume that the sum total of wealth created under global capitalism is likely to be greater, indications abound that the distribution of wealth created will be disproportionately made; and poverty will increase, not decrease, with many existing fixed resources, and infrastructure, being wasted in the process.
Economic justice cannot be truly achieved unless all participants to wealth creation are equitably empowered to determine how wealth is both created and distributed. Under global capitalism, the importance of society (community labor) is minimized; since in the short term, unlike the other components of wealth creation-capital, natural resources and technology- it lacks mobility. The labor in a community cannot be simply wire-transferred elsewhere. nor can a community’s fixed resources and infrastructure be neatly crated and shipped away. Capital and technology can move anytime to and fro any location at the speed of a cyber-click. Not so labor.
And as if mobility weren’t enough to give them the upper hand, capital holders diminish the value of technology and natural resources by absorbing them. A future in global capitalism that takes us back to the past, the warring between capital and labor, except that capital no longer has the accountability to community or nation it had in the past.
In a society that aspires to fairness and an ever-improving human condition for all, capital, natural resources and technology must remain, to a reasonable degree, subservient to society and not the other way around, as the globalists would have it.
Global capitalism is not proving to be the vaccine that can aid against, much less prevent, economic injustice. On the contrary; it seems to be bringing a pandemic of high expectations and meager results. But just as the system will prove itself a failure in providing economic and social harmony to the world, there is little likelihood that it will encounter an economic collapse in either the capitalist or the Marxist tradition. It might even thrive in a two-class society with a continuing redistribution of wealth. the haves, becoming fewer in number as time goes on, graduating to the have-more class; the have-little, augmenting with time their number, eventually joining the world masses of have-nots.
“Laissez-faire” capitalism spread throughout the world, and carried to a maximum lack of societal control, will soon evolve transforming global capitalism into the rabid mercantilist monopoly of old, where the rich get richer and the poor stay poor, or even become poorer. Predatory capitalism in its purest form.
By undermining social values, superimposing economic considerations and making money as the unit of measurement in determining man’s worth, global capitalism has become the scourge of democracy. but that is a topic that merits a treatment all its own.
Written by Ben Tanosborn, (email – ben@tanosborn.com) who writes a weekly column at www.tanosborn.com and www.populistamerica.com
I don’t know. I think you need to layer in some theory of political change and/or theory of revolution. As global capitalism begins to cause dislocations and exacerbate income differentials, the people will not sit still and the policies that exist today will not be the policies that exist tomorrow.
What the left needs to figure out, is how to put liberty first, and economic justice second. This goes against the instincts of the left, and even seems like a description of what has traditionally ailed the right.
But that is a superficial anaylsis. Both the left and the right have their totalitarians, and their tyrants. Striking the right balance between liberty and state-backed coercion is tricky. This is especially true in that the same powers that are ceded to the government to regulate economic activity can be used by the right to intrude into our homes and bedrooms.
Just as the cost of liberty is higher crime and greater vulnerability to terrorism, the cost of liberty is also accepting more social inequality than is desirable in an ideal world.
There is a middle way. Unfortunately, he are not on that path at the moment.
This was beautifully said:
What the left needs to figure out, is how to put liberty first, and economic justice second.
If one were to devle into complete liberty, there could be no state-coercion in any form – it would be counter-intuitive. The essence of the state is force. period.
By the way, Ben has 2 more essays on this topic. We’ll post a follow-up diary shortly.
and the essence of environmental regulation, or food and drug oversight, or taxation, or civil rights enforcement is also force.
the liquidation of large estates is force. The prohibition on walking around ass-naked (in most jurisdictions) is force. The outlawing of polygamy is force.
Liberty and state coercion exist in a constant tension. The left and the right have two totally different ideas about the proper roles of coercion.
But, since we live in a two-party system, the powers we cede to the government to serve our purposes are turned around and used against us when we are out of power.
The left does not consider that the same priciples that allow us to intervene in Kosovo or (theoretically) in Rwanda or the Sudan, can be used to intervene in Iraq or Iran or Panama or Grenada, or Cuba, or Guatemala, or Chile, or Indonesia, or Vietnam, or Korea, or Angola, or Nicaragua.
In order to prevent an Iraq, we must also prevent a Kosovo.
How many places on the left do you hear calls for us to intervene in the Sudan?
Well, if we want to do that we need to find principles that will allow for it without allowing the principles to be distorted to commit wars of aggression.
Complicated issues.
Definitely complicated issues, and you have a very solid grasp on the concept of unchecked power. Most people seem to be ok with it, as long as it’s for a “good reason” But…they just don’t consider what might be most important
When entrusting government with power, with any power for that matter, we always have to decide if, in the future, we would want people we disagree with wholeheartedly, to have that same power.
Most of the time, it’s a “no”, for giving too much power to the government puts us in a very precarious position; one where evil people have a greater opportunity to violate our trust.
“Sorry is the lot who would leave the fate of their happiness, and the preservation of their liberty, to a simple, and unrealistic hope; the hope that their leaders will always be good.”
And a much more shrewdly crafted frame for helping American workers understand that becoming empowered to compete on a global scale is is much better kind of freedom than mere material things like housing or medical treatment. Commercial products that can be bought with money are nothing when compared to the freedom to help American corporations stay strong!
Of course, our markets are not really “free” — if they were, corporations would be forced to face the consequences of poor decisions. But one of the first overriding priorities they have had is to mitigate those consequences — change the rules — so they are protected from market trends that make their products or services less profitable, or the result of “poor publicity” about consumer safety issues, etc. By co-opting the same forces intended to regulate them, the whole system becomes rigged and dishonest…. but for those in the right brackets, much more profitable.
Global capitalism merely broadens the field, it doesn’t change the rules — rules that have already been rigged to avoid as many natural deterrents to unethical or irresponsible behavior as possible on the part of those who can afford it.