WUNRN
http://www.ipsnews.net/2015/04/opinion-has-the-world-reached-peak-plutocracy/
“Plutocracy is a society or a system ruled and dominated by a
small minority of the wealthiest.”
TODAY’S WORLD IS A PLUTOCRACY, DOMINATED BY WEALTHIEST -
INCREASED INEQUALITY & ECONOMIC STRUGGLES FOR WOMEN
By
Soren Ambrose is Head of Policy at ActionAid International.
NAIROBI,
Apr 23 2015 (IPS) - Parents in despair because they can’t pay the fees at the
privatised neighbourhood school…
Families
left without healthcare because the mining company that pollutes their river
also dodges the taxes that could pay for their treatment…
Women
getting four hours of sleep a night as they try to balance caring for their
families and homes with earning income…
Whole
communities thrown off their land to make way for a foreign company…
Workers
paid so little by employers that they’re suffering malnutrition.
These
are just a few of the reports I’ve heard from my colleagues in recent months.
We
see people frustrated by the surge in the power of the plutocrats.
Plutocracy
is a society or a system ruled and dominated by a small minority of the
wealthiest. The rich have always been powerful; some element of plutocracy has
been present in all societies.
But
the degree of control being exercised now; the number of the ultra-rich
essentially buying political power; the nearly impossible persistence required
to overcome the legal, public relations, and technical resources controlled by
corporations and the richest individuals; the much denser concentration of
wealth in even the largest countries; and the global nature of the resources,
power, and connections being accumulated have combined to foreclose meaningful
democratic options and space for a life independent of the materialistic values
of the plutocracy.
The
logic that undergirds all of this – the greed for money, power, and control –
is antithetical to preserving an environment in which living things can thrive.
Through most of human history we have endured various unbalanced political and
social systems.
Today’s
market economy has roots going back centuries, but only in this one has it
become so monolithic, with virtually the entire world under its spell.
We
are living in an age of hyper-capitalism: we have gone beyond industrialisation
and value-addition to a point where the rules are written by the financiers,
and the finance industry, rather than a sector that actually makes something,
has become arguably the most politically powerful industry in history.
A
brief period of relative equality in the richer countries after World War II
gave way from the late 1970s to a powerful ideology of competition, unending
growth, and unhindered profit. This ideology was charted deliberately by
institutes lavishly funded by aspiring plutocrats.
The
denial of limits, the privileging of competition and profit over cooperation
and public goods, and the capitulation of governments to the power of money has
made the modern plutocracy a dominant reality, and one that must be reversed.
Commentators
now routinely speak of how people can “contribute to the economy.” The economy
no longer facilitates human society; humans live to serve the economy.
“Freedom” has been reconfigured to refer to consumer choice rather than the
ability to determine how to order one’s life.
A
few years ago there was considerable debate about the concept of “peak oil” –
the possibility we were reaching the beginning of the end of usable petroleum
supplies. We may be reaching a more dangerous point: peak plutocracy, where
society and the environment can sustain no more concentration of power and
resources.
So
it is worrying to hear so consistently from colleagues around the world the
extent to which the power of people is being curtailed by the people with
power.
We
see the evidence of peak plutocracy in:
•
the so far largely successful efforts of business interests to prevent
meaningful action on climate change;
•
the push for high-input, high-tech, restricted-ownership agriculture that
excludes smallholder farmers – a great portion of them women — who feed most of
the world’s people;
•
the collusion of governments and companies in taking control of land and
natural resources from communities in order to generate profits for privileged
outsiders;
•
the “race to the bottom” among governments to sacrifice revenues through
blanket “tax holidays” in order to lure foreign investment, even when the
benefits are unclear or negligible;
•
the failure of governments to establish laws that protect workers from abuses
ranging from trafficking to unlivable wages to unacceptably risky working
conditions, with women workers in the most precarious, low-paid and inhumane
jobs;
•
the failure to recognise the systematic abuse of women’s rights in many areas –
but in particular the deep uncompensated subsidies women provide to all
economies with their unpaid and low-paid care work that keep families and
societies functioning;
•
the pressure put on countries – and more recently the collusion between
governments and companies – to change commercial and consumer-protection laws
so that foreign companies can dominate markets;
•
the use of coercion, including violence, by powerful elites in private
enterprises, fundamentalist movements, and repressive regimes to control
women’s bodies and sexual and reproductive choices, their labour, mobility and
political voice;
•
the pressure to privatize schools at the expense of decent public education,
despite the complete absence of evidence that the results will be beneficial to
anyone beside the owners;
•
the unwarranted scorn directed at the public sector, and the pervasive recourse
to the notion of “private sector led development” by most donor countries and
inter-governmental institutions, even in the absence of positive models
•
the fetishization of foreign direct investment in low-income countries despite
compelling evidence that no country has achieved sustainable development with
foreign capital;
•
the increasing congruence of interests among governments, corporations, and
elites in limiting the freedom of action of social movements and public
interest groups, constricting political space in all parts of the world;
•
the increasing domination of wealthy corporations and individuals in United
Nations debates and processes.
•
the brazen ideological defense of inequality and massive concentration of power
and resources by wealthy individuals and the institutes they fund;
•
the increasing number of disasters and emergencies are turned into profit
opportunities, as affected areas are remade according to the plutocrats’ rules.
•
the refusal of governments to combat the global youth unemployment crisis with
public jobs programs to address the widely-acknowledged looming crisis of
deteriorating infrastructure;
•
the fallacy of scarcity revealed by the capacity of governments to find massive
public financial resources for war and bank bailouts, but seldom for programs
that would employ people, combat hunger and disease, and foster renewable
energy.
The
hyper-concentration of wealth in the hands of the few has corrupted democratic
systems, in rich countries as well as in poor ones.
We
need to democratise power. But that doesn’t mean just better monitoring of
elections. It means making power more horizontal, more accessible to more
people, the people who are affected by the decisions made.
There
is no one-off recipe for making this happen. It has to happen over and over
again, every day, everywhere, with increasing connections so that we won’t be
crowded out by those with money and influence. We have to occupy space and not
leave it, and then occupy some more.