Tag Archives: capitalism

View of Dehli January 12, 2011 Credit Jean-Etienne Minh-Duy Poirrier

How the current economic system harms people

Two good new articles on how the current economic system harms people:

“The prevailing “Take-Make-Dispose” linear economic model consisting of voracious depletion of natural resources in both production and consumption patterns has proved to be one of the world’s main killers due to the huge pollution it causes for air, land and soil, marine and freshwater. Just to have an idea, the UN World Health Organization (WHO) estimates that nearly a quarter of all deaths worldwide, amounting to 12.6 million people in 2012, are due to pollution, with at least 8.2 million attributable to non-communicable environmental causes, and more than three quarters occurring in just three regions. “As in most other pollution-related impacts, low- and middle-income countries –those who are among the least industrialised nations on Earth– bear the brunt of pollution-related illnesses, with a disproportionate impact on children.”  Read full article:

Pollution, or how the ‘Take-Make-Dispose’ economic model does kill Baher Kamal Inter Press Service October 26, 2017

“The real culprit of the climate crisis is not any particular form of consumption, production or regulation but rather the very way in which we globally produce, which is for profit rather than for sustainability. So long as this order is in place, the crisis will continue and, given its progressive nature, worsen. This is a hard fact to confront. But averting our eyes from a seemingly intractable problem does not make it any less a problem. It should be stated plainly: It’s capitalism that is at fault….The claim here is not that unintelligent people do not do unintelligent things, but rather that the overwhelming unintelligence involved in keeping the engines of production roaring when they are making the planet increasingly uninhabitable cannot be pinned on specific people. It is the system as a whole that is at issue, and every time we pick out bumbling morons to lament or fresh-faced geniuses to praise is a missed opportunity to see plainly the necessity of structural change.”  Read full article:

The climate crisis? It’s capitalism, stupid Benjamin Y. Fong New York Times November 20, 2017

Caption: View of Dehli January 12, 2011 Credit Jean-Etienne Minh-Duy Poirrier

The April Issue of Dollars and Sense, which contains this article. Credit: Dollars and Sense

Globalization and the end of the labor aristocracy

Jayati Ghosh, Dollars and Sense, March/April 2017.  Twenty-first century imperialism has changed its form. In the 19th century and the first half of the 20th century, it was explicitly related to colonial control; in the second half of the 20th century it relied on a combination of geopolitical and economic control deriving also from the clear dominance of the United States as the global hegemon and leader of the capitalist world (dealing with the potential threat from the Communist world). It now relies more and more on an international legal and regulatory architecture—fortified by various multilateral and bilateral agreements—to establish the power of capital over labor.   See full article.