Some excellent words from the recent @IPBES report on how to reverse biodiversity collapse:
"A key constituent of sustainable pathways is steering away from the current limited paradigm of economic growth..." 1/3
"...That implies incorporating the reduction of inequalities into development pathways, reducing overconsumption and waste and addressing environmental impacts such as externalities of economic activities, from the local to the global scales..." 2/3
"...Such an evolution would also entail a shift beyond standard economic indicators such as gross domestic product to include those able to capture more holistic, long-term views of economics and quality of life." #postgrowth 3/3
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I'm excited to announce this new paper we have in The Lancet Planetary Health.
We show that the world is not moving towards a just and ecological future for all. Growth in energy and material use is occurring primarily in countries that do not need it and is not occurring fast enough (or is declining) in countries that do need it.
The capitalist world economy is not delivering for human needs and ecology. A substantial redistribution of energy and material use is required—both within countries and between them.
1. Globally, we use *a lot* of energy and materials. In fact, we use at least 2.5x more than would be needed to ensure decent living standards (DLS) for all.
DLS includes universal healthcare, education, modern housing, nutritious food, sanitation systems, transit, fridge-freezers, phones, computers, etc.
2. And yet, billions of people are denied access to DLS.
We find that 50% of nations do not have access to enough energy to ensure DLS, given existing national distributions. And for 20 of these countries, their consumption is actually *declining*. This is an extremely bad situation.
Hi everyone, I'm excited to announce this new project: a website dedicated to research and data on imperialism and inequality. You're going to love this... (links in thread below):
It includes 14 topics and more than 100 interactive graphs, drawing on recent research published by our team and others, including on unequal exchange, gender, climate, military power, financial flows...
I did this interview for @rosaluxglobal with several brilliant colleagues. We talk about liberalism, socialism, strategy, and the urgent need to overcome the capitalist law of value. I think you'll like it: rosalux.de/en/news/id/535…
"We live in a world of immense productive potential, and yet we face deprivation and ecological breakdown. Why? Because under capitalism, production only happens when and where it’s profitable. Social and ecological needs are secondary to the returns to capital."
"The law of value explains why we experience shortages of socially and ecologically essential goods, even in an age of unprecedented productive capacity. If something isn’t profitable, it doesn’t get made — no matter how necessary it is."
US politicians commonly claim that the US has been a "beacon of democracy" for the past 250 years, at home and abroad. Let's have a look a the evidence. 🧵 Links at the end.
The US was an apartheid regime at its founding, and governed as an oligarchy.
US states generally limited voting to white males who owned property (about 6% of the population). Working class people, women, and people of colour overwhelmingly did not have the right to vote.
Virtually all Black people (some 20% of the US population) were subject to mass enslavement and had no rights whatsoever, and Indigenous Americans were targets of government-sponsored ethnic cleansing and genocide.
Social democracy is not a viable alternative to capitalism. It is a tempting prospect, but ultimately suffers from violent contradictions that cannot be sustained.
Social democracy tries to establish a compromise between (a) capitalism, and (b) socialist demands for fair wages, good public services, and environmental protections. But the latter represents a real problem for capital. It increases input prices, and increases workers’ bargaining power, and makes capital accumulation very difficult to achieve.
One way to resolve this tension is to abandon capital accumulation and transition to a post-capitalist economy where production is democratically organized around human well-being and ecology (in other words, socialism).
But social democracy, which is ultimately committed to capitalism, takes a different approach. It resolves the tension through imperialism. Social democratic states appropriate cheap labour and nature from the global South, from an external “outside”, thus allowing them to offer good wages and public services at home while also maintaining the conditions for capital accumulation.
Even states that may seem neutral or benevolent, like some of the Scandinavian countries, benefit from a massive net-appropriation of labour and resources from the global South through dynamics of unequal exchange, which enables them to sustain the social democratic compromise.
Crucially, while this option is available to states in the imperial core, it is generally not available to states in the periphery. In the periphery, when capitalists face progressive demands from unions and environmental defenders, they don’t have the option of conceding and then relying on imperialist appropriation to maintain accumulation. There is no “outside” for them. Their only option is to crush the progressive demands. Indeed they often do this with the direct support of the core states.
This is why so many capitalist states in the South are characterized by violence and repression. It is not because they are somehow intrinsically given to violence… it is because capitalism *requires* violence. By contrast, the core states can have nice human rights at home because they externalize the violence that capitalism requires.
Social democracy offers only the illusion of a solution. An illusion for some, that is. The Congolese coltan miners and Bangladeshi sweatshop workers that supply Western multinational firms are of course under no such illusion.
The only real solution is to overcome capitalism and achieve a post-capitalist economy. It is 100% possible to have a functioning economy that ensures human well-being and ecological stability *without* needing imperialism. But it requires abandoning capital accumulation.
"The North net-appropriated 12 billion tons of embodied raw materials, 822 million hectares of embodied land, 21 exajoules of embodied energy, and 188 million person-years of embodied labour from the global South in a single year": sciencedirect.com/science/articl…
"In 2021, the economies of the global North net-appropriated 826 billion hours of embodied labour from the global South, across all skill levels and sectors. The wage value of this labour was equivalent to €16.9 trillion in Northern prices." nature.com/articles/s4146…
China is overturning mainstream development theory in astonishing ways.
China's GDP per capita is only $12,000. That's 70% less than the average in high-income countries.
And yet they have the largest high-speed rail network in the world. They've developed their own commercial aircraft. They are the world leaders in renewable energy technology and electric vehicles. They have advanced medical technology, smartphone technology, microchip production, aerospace engineering...
China has a higher life expectancy than the USA, with 80% less income.
We were told that this kind of development required very high levels of GDP/cap. But over the past 10 years China has demonstrated that it can be achieved with much more modest levels of output.
How do they do it? By using public finance and industrial policy to steer investment and production toward social objectives and national development needs. This allows them to convert aggregate production into development outcomes much more efficiently than other countries, where productive capacity is often wasted on activities that may be highly profitable to capital, or beneficial to the rich, but may not actually advance development.
Of course, China still has development gaps that need to be addressed. And we know from some other countries that higher social indicators can be achieved with China's level of GDP/cap, by focusing more on social policy. But the achievements are undeniable and development economists are taking stock.
I saw some US neoliberal commentator argue that China's industrial policy and credit guidance is a constraint on development. This is just total denialism. Whatever your ideological priors, the reality is that China's industrial policy is *extremely* effective.
But I will also say this again, which I have said several times before... while China's efficiencies in converting aggregate output into development outcomes are impressive, they still suffer substantial ecological inefficiencies. There are several countries in the global South that achieve better social indicators than China not only with similar GDP/cap (as I mentioned above) but with substantially less material and energy use per capita.