Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Carl Marx was the First Real Globalist

Politics / Economic Theory Jun 18, 2009 - 11:46 AM GMT

By: Global_Research

Politics

Best Financial Markets Analysis ArticleWilliam Bowles writes: If nothing else, the wholesale plunder of the planet’s natural resources has brought into sharp focus the necessity for some kind of global (and globally enforceable) regulation of what’s left of the planet’s precious cargo of life. But can capitalism undertake such a task? Not only that, is it willing to do so and is even some kind of ‘reformed’ capitalism capable of doing so given that the basic drive of capitalism is expand or die.


The clarion call of Marx and his 19th century socialists was Internationalism, ‘All Workers of the World Unite’, predicated as it was on the globalizing nature of industrial capitalism as it sought to expand the capitalist market into every nook and cranny where there was a buck to be made. And in so doing, Marx correctly predicted that industrial capitalism would create an organized and politically conscious working class wherever it spread, who were at the time, the most advanced section of working people, and that it would be the organized working class ‘led’ by a revolutionary organization that would do away with capitalism and replace it with a rational, planned socialist economy.

So much for the theory. The practice has taught some of us valuable lessons about just how difficult it is to build a socialist economy and not merely because we had nothing but theory to go on but also because the dominant capitalist states were determined that any and all alternatives to capitalism would and should fail and crucially, should be seen to fail.

That said, it is now apparent that the scale of the plundering is so huge that it threatens the future of life on the planet let alone the possibility of socialism, and it is most visible in the planet’s oceans with some estimates suggesting that in less than forty years 90% of the ocean’s fish stock will have been wiped out. With 1 billion people totally dependent on fish as their source of protein, this is a crisis of staggering proportions. And the thought of our planet’s oceans empty of life is simply too appalling to contemplate! The ocean is after all, our womb, we even cry salt tears.

The plain fact is, that rather than rising populations being the cause of resource depletion (Malthus rears his ugly, dead head once again), it is the insatiable appetites of the allegedly developed nations, perhaps 10% of the world’s population that is responsible for the carnage.

Around ten million sharks are slaughtered every year just for the unfortunate creature’s fins to satisfy the desires of a handful of wealthy Japanese. The carcass is tossed back into the ocean.

Every year millions of tons of tuna are sucked out of the ocean just so we can have a damn tuna sandwich, and it’s not like these are necessities, they are luxuries we can well do without. But how do you regulate 70% of planet when our ‘global’ economy is a free-for-all?

The issue is simple: can capitalism solve the crisis that confronts us without signing its own death warrant and is it even willing to try? History shows us that the answer is a resounding no to both questions.

Is Cuba showing us the way forward?

There is a certain irony in the fact that Cuba, through force of circumstance has had to embark on the construction of a sustainable economy. But it’s no accident that the world’s only socialist economy has embarked on such a revolutionary course for it is literally the only country on the planet capable of undertaking such a task. That it is in part because of the decades-long US embargo coupled to the collapse of the Soviet Union in no way diminishes the accomplishment. But regardless of the reasons, Cuba has shown us not only that it’s possible but impossible without a planned, socialist economy.

Imagine if you will, another island nation, the UK, taking a comparable route to the future? Cuba is after all, a poor country that for decades has been deliberately starved of resources and, like other countries that attempted to construct socialism, it lacks a developed infrastructure. In a word it was the least equipped to take on such a gargantuan task, let alone do it in the shadow of ‘El Norte’.

Everything that Marx wrote 150 years ago pointed in the direction that we are now being forced to consider. But will it take ecological collapse to get us to confront the issue and will that be too late?

This is not an academic question, it is now an issue of survival. But will it be only when there are no cans of tuna on the shelves or fish in the chippie that our overfed and under-informed populace wake up to the reality of the situation?

In the past, the struggle for socialism was predicated on economic and political justice for all working people and this hasn’t changed but what has changed is that the effects of unending ’growth’, that is, expansion of the capitalist ‘market’ has finally met its limit, the planet itself.

But if you think this would be some kind of wake-up call to our so-called leaders, think again. Can a leopard change its spots? Instead, it’s seen as yet another opportunity to make money! Worse still, the responsibility for ending this madness has been dumped on us but crucially without any corresponding power to do anything meaningful about it. Instead we are brow-beaten into tightening our belts, even criminalized for dumping too much garbage! Garbage we didn't create but are forced to buy when we go to the supermarket. We get the guilt and Tesco’s shareholders get the gelt.

williambowles.info

William Bowles is a frequent contributor to Global Research.  Global Research Articles by William Bowles

© Copyright William Bowles , Global Research, 2009

Disclaimer: The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Centre for Research on Globalization. The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible or liable for any inaccurate or incorrect statements contained in this article.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in