In his book Global Capitalism and the Crisis of Humanity, William I. Robinson excoriates the unfettered capitalism that is today’s accepted norm, a status quo to which the ideologues claim there is no alternative. The end result of such a system, if it is allowed to continue, will be disastrous for the human race and the planet.
Trade deals consolidate the neoliberal Washington consensus, prying open markets and forcing American workers to compete with workers earning pennies per hour. The resulting race to the bottom guts regulatory measures intended to slow the exploitation and commodification of workers and the environment. Workers abroad are tortured or killed if they attempt to organize to fight their oppression.
The Supreme Court has ruled that corporations are permitted to buy elections. The population understands that they have been marginalized. The result is either anger or resigned passivity.
Wall Street is protected by the insurance policy known as “too-big-to-fail.” President Obama reneged on his rhetorical promises of hope and change, doing nothing in the aftermath of the crash to prevent a future crisis. Wall Street has recovered from the crash it created; Main Street has not.
Income inequality is obscene; wealth inequality is even worse, globally and within the United States, according to recent data.
Fracking is endangering the well-being of entire communities surrounding heavily drilled areas in Texas, Colorado, and North Dakota.
Corporate welfare continues as social programs are attacked and gutted by both state and federal budgets. The safety net for the working class has disappeared, leaving millions in a state of perpetual financial insecurity.
War, a boon for multinational corporations, continues to ravage the globe, and there is no end in sight.
Global capitalism, as Robinson documents, depends on an endlessly exploitable supply of natural resources and subordinate workers. This system is designed to self-destruct. It will exploit and plunder until exhaustion and, ultimately, collapse.
The solution, Robinson asserts, can be nothing less than systematic.