By: Craig Collins
“Out of the frying pan, into the fire” is an apt description of our current place in history. No matter what you think of globalization, I believe we’ll soon discover that capitalism without it is much, much worse.
No one needs to convince establishment economists, politicians and pundits that the absence of globalization and growth spells trouble. They’ve pushed globalization as the Viagra of economic growth for years. But globalization has never been popular with everyone. Capitalism’s critics recognize that it generates tremendous wealth and power for a tiny fraction of the Earth’s seven billion people, makes room for some in the middle class, but keeps most of humanity destitute and desperate, while trashing the planet and jeopardizing human survival for generations to come.
On the Left, a loose alliance of ecology and labor activists, small farmers, indigenous peoples and human rights advocates has disrupted international economic summits for many years. They say malignant capitalism demolishes habitats and poisons ecosystems, wreaks havoc with the climate, destroys indigenous cultures, pushes farmers off their land and into slums and erodes wages by pitting desperate workers around the globe against one another. At annual World Social Forums, these social movements voice their opposition to globalization and growth and unite around the belief that “Another World Is Possible!” They work toward the day when neoliberal globalization is replaced by a more democratic, equitable, Earth-friendly society.
Since globalization is so damaging, most activists assume that any future without it is bound to be an improvement. But now, it appears that this assumption may be wrong. In fact, for all of its depredations, future generations may someday look back on capitalism’s growth phase as the halcyon days of industrial civilization, a naïve time before anyone realized that the worst was yet to come.