Category Archives: Political Economy

On the Need for Balance In All Things

05 Tuesday May 2020

Posted by in Current Events, Political Economy, Society

≈ Leave a comment

balance

We live in a world and era that is very much out of balance. Imbalance causes problems and suffering. Balance is not some new age or airy fairy concept, it is the natural and proper state of all things in the universe. We need balance in all things, those within and those without, those big and those small. We need balance in the natural world and the man made world; balance in our societies and balance in our own bodies.

When things are out of balance, they cannot function properly–be it a plant, a human body, or a society. If farm plants do not get the right balance of everything they need to grow, bear fruit and be healthy, then they will not be properly optimized (i.e., they will be out of balance) for consumption and nutrition, in turn putting those that consume them out of balance. If the air has too much pollution, then there will not be enough clean oxygen for us to breathe, negatively impacting our lungs and our ability to live and breathe (literally) in health and balance. If society has too much poverty, misery and suffering, it will fall out of balance.

Some may believe that the social or man-made world does not require balance in the same way the natural world or human body does. That is not true. The social requires just as much balance, if not more so. Jean-Paul Sartre said that no man is an island. Whether we like it or not, we share this planet with billions of other human beings. Think of it like being on a ship full of people. If the majority of individuals are at the end or back of the ship, the ship’s weight will not be equally distrusted—it will be off balance—and it will tip and sink. Have you ever been on an airplane and asked to change seats, only to have a flight attendant tell you okay, but you have to sit on this or that particular side because the weight has to be equally balanced or distributed. Why do you think they say that? Because if the weight is not properly distributed the plane could go down; just like that ship. The weight on the plane does not have to be completely equally distributed. But too much on one end, and not enough on the other, and the plane could go down. And no one on board wants that; not the people in first class or the people in coach. Everyone is on that plane together, and if it goes down, they all go down; no matter which seat or section or class one is seated in.

The same is true of the social or man-made world. But the elites (what many refer to as the 1 percent) of today—and probably throughout history—fail to realize this reality. While you can gate yourself off from the riff raff and build entire walls and cities exclusively for the those at the very top, eventually what happens at the bottom will impact those at the top. To illustrate this point let’s use the notion of the body politic, but in a different manner than it has traditionally been employed. The body politic is a medieval metaphor that likens a nation to a corporation, with a corporation being understood as a group of people acting as a single entity. This concept is often used in discussions of nations or nation states and the authority or sovereignty of monarchs and leaders (as the head of the corporation or body politic).

For our discussion, I use that term to connote that a society or nation, collectively, make up one body, with members of that society making up the different parts of the body. While the rich and powerful may be the head or at the top of that body, if the other, “lower” parts of the body become diseased or dysfunctional it will eventually impact the head or those on top. This means that if there is too much disparity—especially of income and resources—and the “lower” parts become so impoverished that they cannot function in a reasonably healthily (and dignified) manner, this will eventually affect and infect the entire body. In other words, if the society is too unbalanced (with respect to wealth, resources, power, means, access to employment, health care, etc.) this disparity will eventually impact the whole body, including those at the very top.

Now, it does not have to be completely equal or even. It is inevitable that some will have more and others will have less. But when a very small minority have everything and the majority can barely survive—and if that minority creates, perpetuates, or exploits (feeds off of) the suffering of the majority—then we are grossly off balance and have a serious problem. We end up with a body politic with diseased limbs, and a head that often exploits or creates those diseases in the first place. This is a foolish and destructive state of being, not least because what happens to the lower body parts will eventually impact the head. While the head may benefit for a while from the suffering of the other parts, in reality, a diseased or neglected limb will eventually infect the entire body. If not treated, the outcome is eventual death.

Capitalism in its present form is a socio-economic system that would rather chop off its diseased limbs and hobble itself than feed and nourish those limbs to prevent disease in the first place. It is a system that believes it profits from the malnourishment and suffering of those limbs. And in the short term it does profit; financially that is. But remember that unbalanced ship. Eventually even those at the very front of the ship—the monopoly capitalists, the bankers, the multinational corporations, the complicit governments and political leaders—will be impacted by a ship of poor integrity. When a ship with too many holes begins to sink, it will not matter what class or section one is seated in. We will all go down.

If the present corona virus situation, and the economic fallout from it, has shown us anything, it is that many people in western society are overburdened with debt. Very few households have enough savings to get them through a couple months without work, let alone a year or more. While we are reluctant to talk about it, especially in the mainstream media, the old notion of work and employment (with regular paycheques, medical benefits and pensions) is becoming a thing of the past, and has been for years. In the era of economic globalization the reality of the workforce is one of diminished traditional employment. This manifests as either outright unemployment or underemployment. Examples of underemployment are freelance work, contract work, “gigging” or being forced to participate in the sharing economy. These terms are euphemisms for the reality of growing economic crisis and reduced economic security. The reality is that access to stable and well-paying work and income has been decreasing since the 1980s while the cost of living has only gone up. To fill in the gaps in their income, many households have had to rely on increasing debt and credit card usage just to get by. And when, suddenly, what little work and income these underemployed people do have is halted due to a virus, there is no way to service debts; not to mention, pay for rent, mortgages and food.

Basically people: The ship is sinking. The economic disparity and the uneven distribution of wealth and resources has come home to roost. Now, those on top (the bankers, etc.) will likely benefit from this dire situation in the short term. They may reduce interest rates or allow for the deferral of debt payments, mortgages, etc.–ultimately creating greater profits for themselves as individuals, businesses and governments borrow more money and go further into debt. However, with no one working and no one able to service those debts, eventually, it will all crash and burn.

A debt economy is unsustainable. It was unsustainable (and unrealistic) from the very beginning but no one was willing to admit it. Not the individual that wants to live beyond their means by relying on credit. Or the individual that is forced to live on credit because they have far too little means to begin with. Or the bankers that get mega rich by keeping everyone in debt, with individuals paying back fake money (i.e., money that banks create as a credit card balance by entering numbers into a computer screen) with real money (i.e., the real interest one has to pay to use that fake money). Or the capitalist/banker/corporate-allied politicians who can stave off politico-economic revolution as long as the population is able to eat and survive by using credit and borrowing money.

The culture of debt has allowed us to ignore how unbalanced and desperate the economic situation actually is. It is a house of cards that we all patriciate in and all help to prop up, and with one ‘global pandemic’ it may all come crumbling down. Whether we will be better or worse off for it—whether the leaders and the mega-rich will use the virus situation to make politico-economic life more austere and more draconian, or whether humanity will find a way to prevent that and come together in an unprecedented form of collective living and cooperation—remains to be seen. A realist would say it will surely change for the worst; the system always finds a way to profit from disaster and come out on top. While others might say that the paradigm as we know it is shifting, and a new socio-economic paradigm is inevitable.

What that paradigm could look like, and if it is even possible, is a topic for another day…

Identity Politics: Diversion from the Growing Economic Crisis?

25 Friday May 2018

Posted by in Political Economy, Politics, Society

≈ 5 Comments

NOTE: This article was originally published by the Political Anthropologist

“The poverty of our century is not, as poverty was before, the result of natural scarcity, but of a set of priorities imposed upon the rest of the world by the rich. Consequently, the modern poor are not pitied…but written off as trash.”
~John Berger

“It’s the Economy, Stupid”

We live in a world that often appears to be upside down; a world that has its priorities all mixed up. While we slip deeper into what can easily be described as the greatest economic depression of our time, no one on the “new left” (a.k.a. the liberal left) seems willing to talk about the bleak realities of ever-increasing economic despair. Instead, what we see and hear in the media, including the “left media,” in government, and across university campuses is an emphasis on special interest issues and personal identity. Rather than address the larger issues that plague the majority of people (including minorities)—i.e., the pitfalls of economic globalization, unemployment and underemployment, mounting debt, the increased cost of living, economic austerity, imperial wars, etc.—we are distracted by the spectacle of identity politics and stifled by a liberal political correctness that imposes “tolerance” in a manner that actually limits freedom of thought and expression while serving the global establishment.
While identity politics claims to be concerned with helping minorities, it refuses to address economic issues, such as poverty and growing unemployment, which often disproportionately impact certain minority groups.

One of the reasons that identity politics does not deal with class and economic issues is that it is rooted in postmodern theory, for which the explicit rejection of the centrality of class is somewhat of an obsession. Indeed, many proponents of identity politics are openly hostile towards classical or traditional left politics—which dealt largely with class, Empire, and economic issues— and its “failure” to address culture and identity. However, the traditional left has never denied the importance of racial, gender and ethnic division within classes. What it has emphasized, though, is the wider system which generates these differences and the need to join class forces to eliminate these inequalities at every point.

Focusing on identity rather than class and economics negates the reality that many individuals are struggling financially at present; both within and across racial, gender and ethnic divisions. This is due in no small measure to the US-led agenda of economic globalization. As I explain elsewhere:
Globalization…exploits and relies upon global inequality and disparity. Globalization exploits the developing world’s ‘comparative advantage’ of cheap labor and lax regulations, and allows western companies to maintain the illusion of being domestic while benefitting from operating in countries where they pay far less for everything— especially labor—and stand to gain immensely as a result.

This undermines western workers who have suffered mass underemployment due to economic globalization and the offshoring of jobs and investment. And while it may be argued that globalization benefits people of the developing world through employment…the harsh economic restructuring conditions that accompany globalization and foreign investment actually hurt large segments within developing countries.

One result of globalization in the west has been the collapse of the middle class. The loss of the traditional manufacturing economy (and the associated managerial and technical sectors) ushered in by globalization, has forced much of the middle class to seek supplementary income. For instance, while services like Airbnb and Uber are regarded as hip and trendy modern conveniences, they are also indicators of a failing or degraded economy—what the mainstream media describes as a “transitioning economy.” But terms like the “sharing economy” and the “gig economy” are ultimately liberal euphemisms for those things that people must do to make ends meat. Because in reality, people don’t rent out their guest room or drive strangers around the city or sell used things online to make friends; they do it to make money. Making these supplementary outlets hip and trendy takes the stigma away from what is essentially and traditionally speaking being broke or poor. It also masks the growing reality of middle class economic decline and growing debt servitude, for minorities and non-minorities alike.

Class, poverty, and economic collapse are the elephants in the room that identity liberalism, contemporary politicians, and the mainstream media refuse to address. Interestingly, and ironically, Donald Trump was able to persuade many of the older generations—including some Black and Latino populations—into voting for him by galvanizing support around these populist issues. Of course, he has failed to deliver on any of his populist, economic promises. But his victory may be an indication of people’s growing economic desperation in the US.

Identity Politics as Diversion from Our Common Plight and Protection for Wealth & Power

A politics that addresses identity and minority issues without examining the larger socioeconomic system and class relations cannot adequately address the disproportional disenfranchisement and economic despair experienced by minority groups. At the same time, a focus on identity and individual issues prevents us from seeing what we have in common, pitting different groups against one another and distracting them/us from—and from uniting over—their/our common economic plight.

Class, or economic situation, is the great unifier. At the present juncture, we may have more in common with people of a similar economic situation than individuals of a similar ethnic, racial, gender, or sexual orientation identity. Poor people everywhere share something in common—their poverty or economic despair—and wealthy people everywhere also share something in common—their immense wealth—regardless of cultural or identity differences. For instance, while African Americans may share a common racial identity, the majority of black people in the US have very little in common with the uber-rich Oprah Winfrey or the Obamas. The immense wealth, power and influence of Oprah or the Obamas puts them in a reality altogether different, and far more privileged, than the majority of everyday African American people in the US. The same can be said of any racial or ethnic group. While people may share a common race and heritage (or a common gender, sexual orientation, etc.), wealth and the lack of wealth creates a massive cleavage that identity cannot bridge.

And the opposite is also true. While we may differ in pigmentation, ethnicity, sex, gender, sexual orientation, religion, etc., what more and more people presently have in common is that we are being increasingly impoverished and exploited by the global regime of greed and hegemony. At the same time, we are increasingly more politically disempowered, controlled, monitored, spied upon, and surveilled than we have ever been, especially in the west. Ironically, it seems rather convenient that the more austere the economy becomes and the more authoritarian the State becomes, the more identity issues and cultural issues are pushed to the foreground, especially in academia and the establishment media. If we stopped “celebrating” our differences and/or fighting over our differences long enough to see our common plight, we just might wake up to the reality that class, economic austerity, and western totalitarianism are among the most pressing issues of our time. Related to these, are issues such as war, interventionist foreign policy, and international sanctions, which are all deployed in the service of the global wealth and power establishment (i.e., Empire).

One of the biggest problems with identity politics is that it can mask how politically and economically disenfranchised we all are—and especially for minorities—by giving token victories and token representation in a rigged and corrupt system. This is especially true in the mainstream media and popular culture as well as in politics—which in places like the US is beginning to look more and more like pop culture—where token representation for women and people of colour plays into the the distract, divide, and conquer agenda of the establishment. For instance, having more women and more people of colour in government jobs or in the media does little to address the larger issue of the inequalities of wealth and power. And I say this as a female person of colour.
What’s more, the endless “identity choices” we presently have—such as the ever-increasing number of gender choices—can hide, and distract us from, the lack of political and economic choice in contemporary society. For instance, in the United States, there is very little authentic political choice or variety given that the two overwhelmingly dominant political parties increasingly adhere to the same neo-liberal/neo-con political, economic, and foreign policy agenda. In reality, identity liberalism may even protect and excuse the perpetrators and/or perpetuators of this agenda by making heroes and saints out of minority politicians simply because they happen to be a member of a minority group. A prime example is the former Obama administration in the US. In his first term as president, Barack Obama and his Secretary of State, Hillary Clinton, continued the war mongering, imperial agenda of the Bush administration but received far less criticism and public outcry—especially from liberals and progressives—for it.

And during the 2016 presidential elections many in the identity liberalism camp insisted that Clinton should win simply because she is a woman. This type of identity reasoning is wholly irrational, apolitical and very dangerous. It divorces the political actions and crimes from the person in question and looks only at their identity. The “logic” is that having a female president will aid the cause and rights of women in the US. But what about the rights of the scores of women Hillary has helped to kill via murderous US foreign policy; a policy that claims to “humanitarianly intervene” on behalf of people in some countries while completing ignoring or helping to create the humanitarian crisis in others countries (such as the US-backed Saudi offensive against the people of Yemen or in the case of Palestine)? And that’s not to even mention how little Hillary did for the plight of American women during her tenure in politics. There were no policies or initiatives to create a paid maternal leave program, or to provide affordable childcare to working mothers, or help lift single mothers out of poverty. And Obama did even less for everyday African Americans. Where were his initiatives to create jobs for African Americans or reduce the poverty rates in black communities or address the overwhelming presence of drugs in these communities? Ironically, the same politicians that play the identity card do, and care, very little for the members of their particular identity or minority group once in power.

In closing, not only is identity politics or identity liberalism an inconvenient agenda for addressing minority issues, it may be an obstacle to it. Minorities are among the most economically disenfranchised in society, and one cannot begin to address “minority issues” without also critically examining the broader politico-economic factors at play at the present juncture. Indeed, the apolitical manner in which identity politics functions, and its refusal to address class and economic crisis, serves as a convenient diversion and distraction from the larger issues that presently plague minorities and non-minorities alike. These issues are linked to the inequalities of wealth and power and cannot be properly addressed without a broader analysis of class and the growing economic and social devastation wrought by globalization and Empire. Without this level of analysis, identity politics can offer little more than token victories while feeding into the divide and conquer agenda of the global establishment.

Notes
__________________
1  Berthoud, R. (2002). “Poverty and prosperity among Britain’s ethnic minorities.”
Benefits, Volume 10, Number 1, 1 February 2002, pp. 3-8(6)

2 Best, S. & D. Kellner. “Postmodern Politics and the Battle For the Future” http://www.uta.edu/huma/illuminations/kell28.htm [11/07/04]

3 Petras, J. (1997/1998). “A Marxist Critique of Post-Marxists” Links no 9.

4 Smith, D. (2011). “Rich Nations, Poor People: The Cause For Rising Poverty In The Western World.” https://www.economywatch.com/economy-business-and-finance-news/rich-nations-poor-people.23-11.html?page=full

5 Chehade, G. (March 2017). “Economic Globalization: Global Integration or Exploitation of Global Disparity?” The Global Analyst, Volume 6, Issue 3, pp. 22-25

6 I use the terms identity politics and identity liberalism interchangeably

7 This is a practice referred to as humanitarian imperialism. See Bricmont, J. (2006). Humanitarian imperialism: Using human rights to sell war. New York, NY: Monthly Review Press.

 

It’s the Economy, Stupid: Will Trump Be the End of Economic Globalization?

10 Thursday Nov 2016

Posted by in Current Events, Geopolitics, Political Economy, Politics

≈ Leave a comment

trump-money

NOTE:  I recommend reading my latest article  in conjunction with this

It is not an over statement to say that US-led neoliberal economic/corporate globalization—which ushered in the privatization and downsizing of vast public and labour sectors, the off shoring of jobs to cheaper labour markets abroad, and mass unemployment and underemployment worldwide, especially in the west—has practically destroyed the world, including the United States. It is also not an overstatement to say that the reigning in or reversal of economic globalization, if such a thing is even possible, would greatly benefit the ever-increasing poor, unemployed and underemployed peoples of the world.

What is Economic Globalization?

Prior to WWII and the US’ full ascent to global economic super power, the United States had what is known as a protectionist or isolationist economy, meaning it did not trade much with other nations and production and manufacturing was done mainly in house. Following its victory in the Second World War, the US was in a position of power as much of Europe lay in ruins and in  need of “aid.” The US seized the opportunity (some say it actually created this opportunity, but that is a topic for another article).  The US was able to economically enslave parts of Europe with its Marshall Plan. [1] Part of the conditions for Marshall Plan “aid” was the opening up of European markets to the US and economic restructuring and integration in a manner that favoured the US capitalist model and US banks and corporations.  With this, economic globalization began. With time the US was able to become a full-fledged Empire by (often forcibly) spreading its version of capitalism around the world. This made the US Empire unique in that is was largely economic in nature—what is know as capitalist imperialism. But capitalist imperialism is a highly political and militarized process, and the threat of military force and endless imperial war and invasion has always gone hand-in-hand with US economic empire.

Through economic globalization and its global monetary institutions and banks (i.e., IMF, WTO, World Bank, etc), the US was able to economically high jack the rest of the world while presenting itself—as it always does—as a global saviour. Globalization was presented as the ultimate and obvious remedy for what supposedly ails the world. The vision offered from leading advocates and beneficiaries of this “new world order,” were unfailingly positive, even utopian: “Globalization will be a panacea for all our ills.” [2] Corporate globalization was portrayed as the road to paradise, the inevitable unraveling of history and, indeed, the end of history–the final solution and last good idea. Continue reading →

The “Sharing Economy”: Using Soft Language to Rebrand a Failing/Failed Economy

30 Wednesday Mar 2016

Posted by in Political Economy, Society

≈ Leave a comment

Depression Headlines

While we may not hear much about it in corporate mainstream media, today, more and more people in the west are facing unemployment, underemployment and general economic despair. This includes well educated, (formerly) middle class people that have seen their jobs down sized, outsourced or completely disappear as well as those that have spent years and a small fortune (much of it borrowed and expected to be returned with interest) on fancy university degrees only to be unemployed or underemployed after graduation.

How do I know this? Well, for starters, I am among the latter. With over a decade in university, a PhD from a very fancy school and numerous “prestigious” awards and accolades, I find myself unconventionally and sometimes marginally employed two and a half years after graduation. Traditionally, PhDs—especially those with research awards and academic publications—were almost guaranteed to find a tenure track teaching position or professorship. Today the reality is much different: Many PhD graduates are having trouble finding even just sessional or adjunct teaching positions (which typically come with much less pay and no health and pension benefits). And if you didn’t somehow manage to rack up years of teaching experience while completing a doctorate—which was my reality but is not true for all doctoral students—then your chances are more slim.

So it is that despite my fancy education I was ‘forced’—admittedly, I’m primarily a writer. I enjoy teaching university but it is not my first passion—to join the world of freelance writing and editing and become part of what is often referred to as the “sharing economy” or peer-to-peer (P2P) economy. While my freelance and contract work allows me to dedicate time to my personal writing (such as this blog) and other projects and passions, it also means less money in a world that is becoming more and more expensive to live in. Still, I am more fortunate than others. The overly educated and under-employed, as I like to call my sub-group, are fairing better than the outright unemployed, a segment that is climbing at an unacceptable rate in the west. Continue reading →

Last Minute Coward: PM Tsipras Betrays the Greek People!

10 Friday Jul 2015

Posted by in Current Events, Political Economy, Politics

≈ Leave a comment

greek PMAfter the July 5 Referendum in Greece—where the people voted “oxi” (no) on austerity measures from the Troika—I stated that, in calling a referendum and urging the people to vote no on EU austerity, prime minister Tsipras’ government had stood up to global economic power. But it appears I may have spoken too soon. It is being reported that despite being the brains behind the referendum and despite his appeal to the people to vote NO (to austerity terms), Tsipras has caved to Troika officials/Eurozone finance ministers in the eleventh hour! The situation is still unfolding, but what a traitorous tragedy for the people of Greece!

I had hoped that the Greek government would construct a future plan to leave the Eurozone and drop the euro altogether. But instead it appears that Tsipras may have betrayed the anti-austerity vote of the people (a position he himself had galvanized) and finally sold out. The situation is still developing but what is being reported so far is that Tsipras recently submitted a proposal to the Troika that much resembles the Troika’s austerity demands (the same demands the people voted against only five days ago) in the first place. These include:

  • Raising the retirement age to 67
  • Increasing taxes on most goods and services
  • $13 billion in budget cuts, that will gravely affect ordinary and disadvantaged Greeks

What a mess! One has to wonder what kind of pressure or bribery was hoisted upon him in the wake of the “no” vote. Could it be that Tsipras was only raising the stakes (by calling the referendum in the first place) and hoped that the Troika wouldn’t call his bluff, or, that other states (Russia or China) would “bail him out”. Whatever his deal, way to raise and then completely quash the hopes of the people in the span of one week. It is still not known what the people will do in the face of this betrayal and how they will react to being used as pawns. This all goes to show that the global banking mafia will never tolerate true (i.e., not rigged or pre-determined) democratic expression.

 

Notes: http://www.globalresearch.ca/political-sellout-in-athens-prime-minister-tsipras-surrenders-ignores-the-oxi-vote/5461731

Greece Votes NO! And Serves a Blow to Predatory Global Capitalism

06 Monday Jul 2015

Posted by in Current Events, Political Economy, Politics

≈ 1 Comment

'NO' supporters hold a banner reading 'NO' in Athens on July 5, The results of the referendum are in. It’s after midnight, so this will be a short post. But I cannot go to bed without saying a few words about the people’s vote and what this means for the European and global elite/bankers/oligarchs, which have used the EU and the eurozone to increase the wealth of the imperialist capitalist elite in Europe (mainly, the German banksters and uber-wealthy capitalists) by preying on poorer member nations and the working people of all EU nations (including Germany). To understand the full significance, or potential, of today’s vote we must move beyond Greece and view what is unfolding there as but one symptom of the recurrent capitalist crises that are currently sweeping the globe. Monopoly capitalism, especially in its current globalized and regionalized form, is a predatory system that drives down the wages and living standards of working people (including the middle class). From its inception, the economic effect and aim of the EU and the euro has been to drive down the living standards of working people throughout Europe, while enriching the global banking and corporate elite. What is really at stake here is something that people in the west refuse to talk about: CLASS. Continue reading →