Globalization and unfettered capitalism have been swept into the history books along with the open-market theory of the 1920s, the experiments of fascism, communism and the New Deal. It is time for a new economic and political paradigm. It is time for a new language to address our reality. The voices of change, those who speak in powerful and yet unfamiliar words, will cry out Sept. 25 and 26 in Pittsburgh when protesters from around the country gather to defy the heads of state, bankers and finance ministers from the world’s 22 largest economies who are convening for a meeting of the G-20. If we heed these dissident voices we have a future. If we do not we will commit collective suicide.
The international power elites will go to Pittsburgh to preach the mantra that globalization is inevitable and eternal. They will discuss a corpse as if it was living. They will urge us to remain in suspended animation and place our trust in the inept bankers and politicians who orchestrated the crisis. This is the usual tactic of bankrupt elites clinging to power. They denigrate and push to the margins the realists-none of whom will be inside their security perimeters-who give words to our disintegration and demand a new, unfamiliar course. The powerful discredit dissent and protest. But human history, as Erich Fromm wrote, always begins anew with disobedience. This disobedience is the first step toward freedom. It makes possible the recovery of reason.
The longer we speak in the language of global capitalism, the longer we utter platitudes about the free market-even as we funnel hundreds of billions of taxpayer dollars into the accounts of large corporations-the longer we live in a state of collective self-delusion. Our power elite, who profess to hate government and government involvement in the free market, who claim they are the defenders of competition and individualism, have been stealing hundreds of billions of dollars of our money to nationalize mismanaged corporations and save them from bankruptcy. We hear angry and confused citizens, their minds warped by hate talk radio and television, condemn socialized medicine although we have become, at least for corporations, the most socialized nation on Earth. The schizophrenia between what we profess and what we actually embrace has rendered us incapable of confronting reality. The longer we speak in the old language of markets, capitalism, free trade and globalization the longer the entities that created this collapse will cannibalize the nation.
What are we now? What do we believe? What economic model explains the irrationality of looting the U.S. Treasury to permit speculators at Goldman Sachs to make obscene profits? How can Barack Obama’s chief economic adviser, Lawrence Summers, tout a “jobless recovery”? How much longer can we believe the fantasy that global markets will replace nation states and that economics will permit us to create a utopian world where we will all share the same happy goals? When will we denounce the lie that globalization fosters democracy, enlightenment, worldwide prosperity and stability? When we will we realize that unfettered global trade and corporate profit are the bitter enemies of freedom and the common good?
Corporations are pushing through legislation in the United States that will force us to buy defective, for-profit health insurance, a plan that will expand corporate monopolies and profits at our expense and leave tens of millions without adequate care. Corporations are blocking all attempts to move to renewable and sustainable energy to protect the staggering profits of the oil, natural gas and coal industries. Corporations are plunging us deeper and deeper as a nation into debt to feed the permanent war economy and swell the military budget, which consumes half of all discretionary spending. Corporations use lobbyists and campaign contributions to maintain arcane tax codes that offer them tax havens and tax evasions. Corporations are draining the treasury while the working class sheds jobs, sees homes foreclosed and struggles to survive in a new and terrifying global serfdom. This has been the awful price of complacency.