Ten years after the global financial crisis, a debt-fuelled world economy is headed towards another crash, the IMF has warned. With the Rupee at a record low, unemployment at a 20-year high, and 78 of its largest corporations defaulting on massive debts, India’s rapidly emerging as the epicentre of a crisis that could dwarf 2008.
Nature, money, work, care, food, energy, and lives: the seven things that have made our world and will shape its future. Award-winning writer and activist Raj Patel makes the case that in making these things cheap, modern commerce has governed, transformed and devastated the earth. Also included, an interview with Patel and co-author Jason Moore.
From Common Dreams: The forced eviction of the Standing Rock protestors is simply the latest chapter in a violent, 500-year-old history of colonisation against the First Nations. It’s also the latest chapter in the battle between an extractive capitalist model and the possibility of a post-capitalist world. For now, let’s remember this movement’s enduring lessons.
From Jacobin Magazine: The New York Times’ blockbuster story on climate change concludes that democracy and human nature are to blame for the climate crisis. They’re wrong. You cannot tell the story of climate change without telling the story of twentieth-century capitalism. This isn’t just a missed opportunity or a partial story—it’s the wrong story.
“The worst thing about cars is that they are like castles or villas by the sea: luxury goods invented for the exclusive pleasure of a very rich minority, and which in conception and nature were never intended for the people”. So starts Andre Gorz’s justly famous 1973 essay which remains as relevant today as ever.
Gopal Sathe writes: The AP government now has access the intimate personal details of 43 million of the state’s 50 million residents: GPS coordinates of their homes, medicines they use, the food rations they eat, real-time feeds of thousands of security cameras, their castes and sub-castes, their religion, and of course — their Aadhaar numbers.
From The New Left Review: If fidelity to GDP growth amounts to the religion of the modern world, then Herman Daly surely counts as a leading heretic. Benjamin Kunkel interviews the preeminent figure in ecological economics, and the author of perhaps the most fundamental and eloquently logical case against endless economic growth that’s yet produced.
J.C. Kumarappa was a stalwart of India’s freedom movement, Gandhian economic philosopher, pioneer in the development of village and cottage industries and advocate of a decentralised, localised economy of permanence and freedom. Yet, he remains practically unknown to the present generation of Indians. A tribute to Kumarappa by Pranjali Bandhu, editor of his collected writings.
Oil. The 20th century was shaped by it. The 21st century is moving beyond it. But who gave birth to the oil industry? What have they done with the immense wealth and power it granted them? And what are they planning to do with that power in a post-carbon world? The Corbett Report finds out.
José Mujica was the President of Uruguay between 2010 and 2015 and was a former urban guerrilla fighter who was imprisoned for 13 years during the military dictatorship in the 1970s and 1980s. Often referred to as the “world’s most humble president”, he retired from office in 2015 with an approval rating of 70 percent.
Martin Parker writes: B-school market managerialism sells a utopia for the wealthy and powerful, one which students are encouraged to imagine themselves joining. But it comes at a very high cost: environmental catastrophe, resource wars and forced migration, inequality within and between countries, the encouragement of hyper-consumption as well as persistently anti-democratic practices at work.
Ashish Kothari & Aseem Shrivastava write: The growing protests of farmers around the country-last month’s protests in Mumbai being the latest-is not just a claim for dignity. Even more portentously, it calls into question the paradigmatic rationality of the reigning development model. Alternatives do exist, practised and conceived of at hundreds of sites in India.
From Toward Freedom: The second iteration of ConCiencias, a conference creating dialogue between the Zapatista’s and leading left wing scientists from throughout the world, took place at San Cristobal de Las Casas. The struggle to decolonize knowledge is part and parcel of the Zapatista’s broader project of resisting indigenous genocide, neoliberal capitalism, and political repression.
From GreatTransition.org: The concept of Vivir Bien (or Buen Vivir), reflecting an indigenous cosmovision that emphasizes living in harmony with nature and one another, gained international attention as an alternative to the rampage of neoliberalism. As its popularity has grown, however, its meaning has been compromised, warns Pablo Solon, Bolivia’s former ambassador to the UN.
“Is western civilisation on the brink of collapse?” the lead article in this week’s New Scientist asks. It’s a good question, but it seems too narrow. These pathologies are not confined to “the west”. The rise of demagoguery (and the pursuit of simplistic solutions to complex problems) is everywhere apparent. Environmental breakdown is accelerating worldwide.
Ursula K. Le Guin, legendary American sci-fi author and creator of the classic ‘Earthsea’ series, died on January 22. She was 88. In this tribute, we present a video of her talk on “Transformation Without Apocalypse: How to Live Well on an Altered Planet”, as well as her article on ‘the future of the Left’.
From The Hindu: From a severely critical stand against Aadhaar in 2014, the Modi-led BJP in power has made a sharp U-turn to bulldoze its way into having every Indian scanned, tagged and labelled. As the Supreme Court begins hearing of petitions that challenge Aadhaar, a timeline of the country’s chequered date with the project.
Shelley Kasli writes: Recent changes in India’s foreign direct investment policy allows 100 percent FDI (from current 49%) for single brand retail trading and construction, among others, paving the way for global players. In reality, India is being drawn into the spiral of debt economics to protect the American Dream from turning into a Nightmare.
No doubt, capitalism has largely enabled the huge growth of human numbers in the last two hundred years. But human population growth has been occurring even in pre-capitalist eras. Parallel to this, also environmental destruction has been occurring and growing in these eras. It is not good to tell our readers only half the truth.
Richard Smith writes: The fundamental contradiction with capitalism is that maximizing profit and saving the planet are inherently in conflict and cannot be systematically aligned even if, occasionally they coincide for a moment. But saving the world requires that the pursuit of profits be systematically subordinated to ecological concerns— and this no corporation can do.