Today “governments are everywhere embracing the free-market gospel, but should we leave the Capitalist free Market to handle Climate Change.
The answer is no.
History tells us so. History Does Not Show that Business Forces Make Companies Efficient. Some claim free markets lead to greater prosperity than other economic policies.
I say that the selfish simply spend the extra money on themselves thereby setting an example for others that if you want a more affluent lifestyle you should be selfish. Left to regulate themselves in terms of climate change and the environment they are all ready turning both into products for Profit.
If we need pollution control, we don’t want it regulated by industrial companies.
We can choose to eat, drink and be merry today and die tomorrow; or we can choose to put limits on what we do today in order to live tomorrow.
Consumer Choices Aren’t The Best Means For Citizens To Make Binding Group Decisions
There is more to life than merely increasing one’s money as fast as possible. A sense of security and dependability has some human value also.
Under American values any business with a conscience is at a disadvantage competing with companies without a conscience. These values are illustrated most dramatically by the wave of the future: telecommunications, the Internet, advanced computer technology, and the other wonders created by the exuberant American entrepreneurial spirit all unleashed by the market, by the huge transfer of public funds to private power, often under the traditional guise of “security.
We must put aside the intriguing contrast between doctrine and reality.
Meanwhile privatization proceeds apace elsewhere with Sovereign Wealth Funds taking control of the earth resources.
Control over food raises even more serious questions, in this case about survival.
Control over food supplies by foreign corporate giants is well under way, and with the agreement on telecommunications signed and delivered, financial services are next in line.
Just look at one important recent case, over considerable popular opposition the government of Brazil has decided to privatize the Vale Company, which controls vast uranium, iron, and other mineral resources and industrial and transport facilities, including sophisticated technology.
Also recently if you look a the Concentration of communications in any hands (particularly foreign hands) raises some rather serious questions about meaningful democracy.
Similar questions arise about concentration of finance, which undermines popular involvement in social and economic planning.
The free market gospel is preached (to the poor and defenseless) while protectionism through Sovereignty Wealth Funds is reaching unprecedented heights, and what are Administrations doing. Poured public funds into high-tech industry with unusual abandon.
Here we begin to reach the heart of the matter. Sovereign wealth funds activities must be caped if we want a free market and not Protectionism.
(See previous blogs)