August 9, 2016
Globalization and its New Discontents … Fifteen years ago, I wrote a little book, entitled Globalization and its Discontents, describing growing opposition in the developing world to globalizing reforms. It seemed a mystery: people in developing countries had been told that globalization would increase overall wellbeing. So why had so many people become so hostile to it? – Project Syndicate, Joseph Stiglitz
Joseph Stiglitz is concerned about why people are hostile to the idea of gigantic, impersonal and rapacious governments stealing from them while telling them what to do.
Governments don’t work on any level. But global government is worst of all. It will deliver ruin, mass incarceration and ultimately genocide.
Power corrupts and absolute power corrupts absolutely.
But Stiglitz is a world famous economist, so he has better ideas.
Now, globalization’s opponents in the emerging markets and developing countries have been joined by tens of millions in the advanced countries.
… Can the open global economy be saved from populist challengers – and from itself? … How can something that our political leaders – and many an economist – said would make everyone better off be so reviled?
Maybe because people don’t trust politicians and economists and increasingly see ways they cloak their own venal malevolence in the rhetoric of “universal good.”
The world is in a quasi-depression. The gradual diminishment of the global economy is only livened here and there by the West’s endless, serial wars now playing out mostly in the Middle East, but no doubt to be expanded over time.
For Stiglitz, the solution is not to decrease technocratic control so much has to increase the benefits associated with it.
The idea is that people see substantial benefits from technocratic authoritarianism, they will be more likely to accept it, or at least tolerate it.
And that apparently would make Stiglitz happy.
He mentions a book on this subject called Global Inequality: A New Approach for the Age of Globalization, by Branko Milanovic
[It] provides some vital insights, looking at the big winners and losers in terms of income over the two decades from 1988 to 2008. Among the big winners were the global 1%, the world’s plutocrats …
… The failure of globalization to deliver on the promises of mainstream politicians has surely undermined trust and confidence in the “establishment.”
He then mentions his own book, in which he conveniently advances a solution to the disparity he’s analyzed.
Now, as I point out in my recent book Rewriting the Rules of the American Economy, the rules of the game need to be changed again – and this must include measures to tame globalization.
The main message of Globalization and its Discontents was that the problem was not globalization, but how the process was being managed.
What’s the practical application of this? We can probably find it in a just-published UK Independent article, HERE:
Universal Basic Income: Labor leader Jeremy Corbyn considering backing radical reforms … “We have to think radically about how we bring about a more just and more equal society in Britain, how we develop policies that achieve that.”
You see? What could diminish antipathy and dissolve resistance more quickly than handing out a lot of money?
The Labor leader has spoken of his support for the measure, which would see every person in the UK given a minimum monthly financial sum.
The sum would be designed to give everyone a basic minimum standard of living including those who are out of work, with people who are working earning their salary in addition to the sum.
While once seen as a radical reform, the idea is gaining traction internationally and Norway and Ontario in Canada are to pilot schemes to test it.
We’ve spoken out against a universal basic income on numerous occasions, calling it immoral HERE and HERE in a profound way. It’s basically a bribe to ensure people won’t complain while those at the top continue to build their world empire.
Once such a corporatist, global environment is firmly in place with all the attendant authoritarian elements – a global central bank, a global judicial system, a global army and international policing – the mopping up can begin in earnest.
After all, as the Georgia Guidestones point out HERE, the carrying capacity for the earth is around 500 million.
The trick is to get from here to there. To make sure people are pacified while the foundation for the disasters-to-come are built securely around them.
Obviously, the globalists are aware of the push-back occurring, in large part because of what we have called the Internet Reformation.
More and more people are aware of what’s going on and that the worst trends of modernity are being extended internationally at a rapid clip.
Conclusion: But the internationalists have a solution for that. Give everybody money. Print it and hand it out. That will keep people quiet for as long as necessary.