Tuesday, January 15, 2013

Break the grip of corporate power to secure our future


Neoliberal dogma forbids the intervention required to stop climate change. To save the planet we must articulate a new politics

Humankind's greatest crisis coincides with the rise of an ideology that makes it impossible to address. By the late 1980s, when it became clear that man-made climate change endangered the living planet and its people, the world was in the grip of an extreme political doctrine whose tenets forbid the kind of intervention required to arrest it.

Neoliberalism, also known as market fundamentalism or laissez-faire economics, purports to liberate the market from political interference. The state, it asserts, should do little but defend the realm, protect private property and remove barriers to business. In practice it looks nothing like this. What neoliberal theorists call shrinking the state looks more like shrinking democracy: reducing the means by which citizens can restrain the power of the elite. What they call "the market" looks more like the interests of corporations and the ultra-rich. Neoliberalism appears to be little more than a justification for plutocracy.

See full Article: http://www.guardian.co.uk/commentisfree/2012/dec/03/break-grip-corporate-power-secure-future