Showing posts with label capitalism. Show all posts
Showing posts with label capitalism. Show all posts

Friday, July 23, 2021

Epidemic Economy: A Left Perspective

The coronavirus pandemic has triggered a global economic recession whose consequences will continue to be felt for years to come, but what comes next? Will we see greater monopolisation and concentration of market power? What, if anything, have we learned since the last financial crisis in 2009? Can the left take advantage of the crisis to win popular support for a new course, for a more social and sustainable alternative?

On 10 June, the Copenhagen-based Democracy in Europe Organisation (DEO) partnered with the Rosa-Luxemburg-Stiftung Brussels Office to host a debate with economist Dr Karen Helveg Petersen, author of Rent Capitalism: Economic Theory and Global Reality (2017), to look at the challenges and opportunities of the coronavirus crisis from a left-wing perspective. 


Read the full article at Rosa Luxemburg Stiftung - Brussels Office.

Wednesday, May 13, 2020

COVID-19: La UE ha fallado en una prueba de solidaridad. El precio será más y peor austeridad.

La Unión Europea (UE) ha sido puesta a prueba en su respuesta a la pandemia de COVID-19, y se ha comprobado que es muy deficiente.

La falta de visión resultante, de solidaridad en tiempos de crisis, plantea cuestiones fundamentales sobre la viabilidad a largo plazo del bloque europeo.


A medida que se profundiza la crisis económica causada por el COVID-19, hemos entrado en la peor crisis desde la Gran Depresión. Las consecuencias económicas y políticas ya son masivas y seguirán creciendo. En el espacio de un mes, la Organización Internacional del Trabajo estima que las pérdidas de empleo en todo el mundo aumentaron de 25 millones a 305 millones, con una pérdida de horas de trabajo equivalente a 124 millones de empleos a tiempo completo sólo en el primer trimestre de 2020. Por el contrario, el crack de 2008-2009 provocó la pérdida de aproximadamente 22 millones de puestos de trabajo en todo el mundo.

La economía mundial ya se dirigía hacia una recesión cuando apareció el nuevo corona-virus, pero ahora está experimentando una crisis única, que se adentra en el sector productivo y desafía las ortodoxias establecidas. Los cierres económicos y sociales provocados por el pánico para contener la pandemia han paralizado gran parte de la producción, mientras que el consumo también se ha reducido masivamente. Con millones de personas que trabajan ahora desde casa y otros millones de trabajadores de primera línea casi sacrificados al mercado, la lógica de la producción capitalista y la organización social ya no parece tan «lógica», y la UE está sentada en el borde de un precipicio.

[Leer el artículo completo aquí: TELESFORO MONZON eLab / Euskal Herrigintza Laborategia]

COVID-19: The EU has failed a test of solidarity. The price will be more austerity - and worse.

The European Union (EU) has been tested over its response to the COVID-19 pandemic - and it has been found sorely lacking. The resulting lack of vision, of solidarity in times of crisis, raises fundamental questions about the long-term viability of the bloc.

As the economic crisis caused by COVID-19 deepens, we have now entered the worst downturn since the Great Depression. The economic and political consequences are already massive – and will continue to grow.

In the space of just one month, International Labour Organisation predicted worldwide job losses grew from from 25 million to 305 million, with working hours lost equivalent to 124 million full time jobs in the first quarter of 2020 alone. By contrast, the crash of 2008-2009 led to the loss of approximately 22 million jobs worldwide.

The global economy was already heading into a downturn when the latest novel coronavirus struck. But it is now experiencing a unique crisis, one reaching deep into the productive sector and challenging established orthodoxies.

Panicked economic and social lockdowns to contain the pandemic have ground much production to a halt, while consumption has also shrunk massively. With millions now working from home, and millions more frontline workers all but sacrificed to the market, the logic of capitalist production and social organisation doesn’t seem quite so “logical” any more. The EU sits perched on a cliff-edge.

[Read the full article in TELESFORO MONZON eLab / Euskal Herrigintza Laborategia here, in Brave New Europe here, and in The Left in Berlin here].

Wednesday, December 4, 2019

Capitalism is not green: you can't solve the climate crisis without changing the system

This is the text of a speech given on behalf of Sinn Féin at the conference "O Capitalismo não é verde. Uma visão alternativa sobre as alterações climáticas" ("Capitalism is not green - an alternative view on climate change"), held on 13 September 2019 in Lisbon, Portugal. It was organised by the Portuguese Communist Party and the European United Left/ Nordic Green Left in the European Parliament.

The challenge of climate change is unprecedented, transcending national borders. I won’t tell you what you already know, but the earth is - literally - on fire. Massive fires are engulfing the world, the ice is melting and biodiversity loss is hitting record levels. Microplastics are now throughout our food chain, they are in the water we drink - even in the rain itself. The ecology of our entire planet is threatened with irretrievable mutilation.

We need urgent, radical actions - the rapid, far-reaching reorganisation of industry, energy, transport, and mass consumption patterns, and the massive transfer of clean technology to developing countries. There is just one problem: these actions are impossible under Capitalism.

Attempts to make climate a global political priority have been repeatedly led astray by corporate interests. The global climate agreements, from Kyoto to Paris, have woefully inadequate targets, and promote corporate-friendly, market-based mechanisms that simply do not work. Carbon markets don’t cut emissions, but they do create tradable “rights” to pollute, protecting the perverse incentive to profit off pollution.

When we aren’t being sold dodgy emissions markets and carbon offset “indulgences” for our climate sins, we are offered “green consumption” - electric cars, reusable plastic coffee cups, long-life light bulbs. This is also the underlying approach of most mainstream environmental groups and the major Greens parties. Worse, this consensus has been accepted by most environmental activists.

But leaving things to the market is a recipe for disaster. The internal logic of Capitalism is to constantly seek out new opportunities for profit - whatever the social or environmental cost. For capitalists, the climate crisis is less a threat than it is an opportunity for new markets and new profits. And even if the climate threat were solved, the massive over-exploitation of the planet would continue, and the threats to the global ecosystem would deepen.

So, no, Capitalism cannot be green. It is like the proverbial scorpion, that, after stinging the frog that was carrying him across the river on its back, condemning them both to death, could only offer in its defence: “I could not help myself. It is my nature.”

Despite becoming only the second country in the world to declare a climate emergency earlier this year, the Irish Government remains the third worst climate performer in the EU. While 25 percent of its electricity comes from wind, Ireland continues to support the fossil fuel industry, and imposes a regressive carbon tax that shifts the costs of corporate pollution onto ordinary working people.

The Irish government has urged people to “lead by example” by buying electric cars, but for the vast majority of working people, this is a fantasy. Meanwhile, public transport in Ireland - which barely exists outside of Dublin - is facing one cut after another. And now, with the EU’s Railway Package, we are facing further privatisation, removing a vital sector from public hands.

It’s not all negative, of course. In May a delegation of Irish civil servants visited Copenhagen to research cycleways. Dublin has four new - albeit separate and disconnected - Climate Action Plans, each run by a different council, and some of the initiatives in these Plans are good. The most innovative is to build Ireland’s largest district heating system by piping excess industrial heat from Poolbeg peninsular to warm homes. There are also plans to install solar panels on all new public housing, adaptation plans, and awareness raising, but this is all just a drop in the ocean.

Another idea now gaining support in Ireland and elsewhere is to plant trees to draw down carbon. But Ireland already has forest plantations. The countryside is covered in countless hectares of fast-growing Sitka spruce - an invasive, non-native species. These plantations are dead zones - eerily quiet, without bird or animal life. They are green deserts, which exist solely as a cash crop. Many farmers want to invest in mixed plantations of native, broad-leaf species, but the supports available to Sitka plantations are not yet available for more sustainable options.

Onshore fracking was banned in most of Ireland two years ago, but in the six counties still under British rule there are plans to start operations, right next to the border, a move that would effectively render any ban null and void.

Earlier this year, Sinn Féin helped push a Climate Emergency Bill through the Dáil, the national parliament. It would have made Ireland the fifth country in the world to ban oil and gas exploration by halting the issuing of new licences.

But because the Bill may have required the use of public money, the government used a procedural technicality to effectively freeze the legislation. Around the same time, it was revealed that a key advisor to the Taoiseach (Irish prime minister) had held secret meetings with a lobbyist for the oil sector.

Unfortunately, while they are formally better on fossil fuels, the Irish Greens also still accept the logic of the market. But because they are called “Green”, people still look to them for the answers. The challenge now is to change that conversation.

A further weakness of the Western ecological movement is its failure to put, not just Capitalism, but the issue of Imperialism, at the centre of its analysis. Capitalism has always been a global system, transferring wealth from developing countries to the nations at the centre of world capitalism, whether by direct force or commerce. The arms industry, and wars for oil and other resources, are everyday reminders of this.

So too are the vast palm oil plantations in developing countries, and the recent EU-Mercosur trade deal. The Mercosur deal encouraged the apocalyptic fires in the Amazon by providing an incentive to clear more land for cheap beef and soy for the EU. But it is also about expanding the market for German cars - securing short-term profits for a dirty manufacturing sector already entering recession.

Mercosur has an Irish angle too. Cheap beef from Brazil flooding into the EU market will undercut more sustainably produced Irish beef. It will drive Irish beef farmers out of business, destroying rural society in Brazil and Ireland, and damaging the environment as well as the development of sustainable agriculture globally.

Why? Because the scorpion only cares about profits.

The largest power station in Ireland runs almost entirely on coal from Colombia. Most of this coal is from the Cerrejon mine, where trade union leaders and environmental and indigenous activists are regularly murdered. The Irish nationally-owned energy corporation, the Electricity Supply Board, also has massive investments in coal mines in the Philippines, where local activists are also being murdered.

The ruling classes in the Global North - including the EU - have an historic debt for the exploitation and destruction of the developing world, a debt which is growing every day. Any climate action and transition to “green jobs” must therefore have climate justice, repaying this global debt, at its heart, or it will be nothing but a new “Green Imperialism”.

In the EU, we are caught in a capitalist web, with a failed Emissions Trading Scheme, a stifling Energy Treaty, and state aid and competition rules that restrict urgent direct action by national governments. We are now hearing more and more talk of a “green deal” and “green growth”. At best, this is a half-hearted attempt at green washing; at worst, it is cover for business as usual.

Brexit will make things worse too - a new tax on heavy polluters, to replace the already ineffective EU ETS in Britain after Brexit, will see a reduction to nearly half the EU carbon market price.

The situation seems so daunting, many are beginning to question if we can succeed. A recent article in the New Yorker put it plainly, arguing “The climate apocalypse is coming. To prepare for it, we need to admit that we can’t prevent it.” There you have it! Behind all the greenwashing, all the electric cars, lightbulbs, reusable coffee cups and other junk, this is what the “green capitalists” and “progressive liberals” have to offer.

They can imagine the end of the species, but they can’t imagine the end of Capitalism.

Those of us who can imagine it must do more than just imagine. It is inspiring today to see and hear about local initiatives showing that there are alternatives ways of doing things. We must connect our ambitions to stop climate change to the reality on the ground - to show people that genuine change is possible, and how it will impact, and can improve, their daily life. This isn’t enough, of course, but it shows there is a way, that the technology and know-how exists - if there is the political will.

But we must do still more.

I’m not going to rattle off numbers about greenhouse gases, and targets and so on, but I do want to give you one number. 14 months. In November 2020, the 26th session of the Conference of the Parties to the UNFCCC - or “COP26” - is scheduled to take place in Glasgow. If the EU, US, and other Western countries are to act meaningfully on climate, and begin the necessary policy processes, the political point of no return will effectively be at COP26.

Acting in a decade will be too late. For this reason, we should also work to build the largest possible popular mobilisation around COP26 next year. Here in Europe, in the historical cradle of Capitalism and Imperialism, we have an opportunity - and a duty - to make this fight winnable. 

The new climate movement is already having its internal debates about whether you can solve the climate crisis without changing the system, or if a greener Capitalism is enough. The left needs to join in and help strengthen this movement, as well as the anti-Capitalist position in that movement.

We can’t replace Capitalism tomorrow, but we can build real alternatives in our communities that bring people together, giving them a glimpse of what a sustainable, socialist, society could look like. At the same time, we can help bring the largest number of people onto the streets, forcing governments to act, even against their will. And with these people we can build a larger political movement for change.

And remember, we are facing a battle - not just for human civilisation (such as it is) - but for billions of other species on this small blue, fragile, planet as well. We have no option other than to win.

Friday, March 4, 2011

Ireland: Ruling party crushed, left gains in poll


On February 25, Ireland’s governing party, Fianna Fáil, and its coalition partner the Green Party, were massacred in a general election revolt.

The most successful establishment party in Western Europe for the past 80 years, Fianna Fáil were demolished – reduced from 77 to only 20 seats on the back of public outrage over austerity measures and social spending cuts.

In Dublin, Fianna Fáil was reduced from 19 seats to one.

The Greens - its partners in political crime - were wiped out entirely, failing to win a single seat in Dáil Éireann (Ireland’s parliament) and winning less than 2% of the vote.

Voters punished the government for its handling of the global financial crisis, which saw Fianna Fáil bankrupt the country by bailing out Ireland’s major banks to the tune of €45 billion.

To get out of the financial black hole - and 13.6% unemployment - it had created, the government then pawned the country for as much as €100 billion in financial loans from the European Union (EU) and International Monetary Fund (IMF).

The austerity measures demanded by the IMF and EU agreement will result in 30,000 public sector jobs being cut and social spending reduced for years to come.