woensdag 4 december 2019

Capitalism’s suicidal trajectory can’t be ignored

Capitalism’s suicidal trajectory can’t be ignored

If we make it out of the climate emergency, we may come to view the few decades usually described simply as the Cold War that followed the Second World War as halcyon days – at least relative to what we are facing now.
The Cold War was a power struggle between two economic empires for global domination – between the United States and its vassal states, including Europe, on one side, and Russia and its vassal states lumped together into the Soviet Union, on the other. The fight was between a US-led capitalism and what was styled as a Soviet-led “communism”.
That struggle led to an all-consuming arms race, the rapid accumulation of vast nuclear arsenals, the permanent threat of mutually assured destruction (MAD), military bases in every corner of the planet, and the demonisation by each side of the other.
Not much has changed on any of those counts, despite the official ending of the Cold War three decades ago. The world is still on the brink of nuclear annihilation. The arms race is still at full throttle, though it is now dominated by private corporations making profits from “humanitarian interventions” based on “Shock and Awe” bombing campaigns. And the globe is still awash with military bases, though now the vast majority belong to the Americans, not the Russians.

‘End of history’

After the fall of the Soviet Union at the end of the 1980s, we moved from a bipolar world to a unipolar one – where the US had no serious military rival, and where there was no longer any balance of forces, even of the MAD variety.
That was why US empire intellectuals such as Francis Fukuyama could declare boldly, and with so much relief, the “end of history”. The US had won, capitalism had emerged victorious, the west’s ideology had prevailed. Having defeated its rival, the US empire – supposed upholder of democratic values – would now rule the globe unchallenged and benevolently. The dialectics of history had come to an end.
In a sense, Fukuyama was right. History – if it meant competing narratives, diverging myths, conflictual claims – had come to an end. And little good has resulted.
It is easy to forget that the start of the Cold War coincided with a time of intense international institution-building, flowering into the United Nations and its various agencies. Nation-states recognised, at least in theory, the universal nature of rights – the principle that all humans have the same basic rights that must be protected. And the rules governing warfare and the protection of civilians, such as the Geneva Conventions, were strengthened.
In fact, the construction of a new international order at that end of the Second World War was no coincidence. It was built to prevent a third and, in the nuclear age, potentially apocalyptic world war. The two new super-powers had little choice but to recognise that the other side’s power meant neither could have it all. They agreed to constraints, loose and malleable but strong enough to put some limits on their own destructive capabilities.

Carrot and stick

But if these two empires were locked in an external, physical struggle with each other, they equally feared an internal, ideological battle. The danger was that the other side might make a more persuasive case for its system with the opposing empire’s citizens.
In the US, this threat was met with both carrot and stick.
The stick was provided by intermittent witchhunts. The most notorious, led by Senator Joe McCarthy in the 1950s, searched for and demonised those who were considered “un-American”. It was no surprise that this reign of terror, exposing “communists”, focused on the ultimate US myth-making machine, Hollywood, as well as the wider media. Through purges, the creative class were effectively recruited as footsoldiers for US capitalism, spreading the message both at home and abroad that it was the superior political and economic system.
But given the stakes, a carrot was needed too. And that was why corporate capitalism was tamed for a few decades by Keynesian economics. The “trickle-up” effect wasn’t simply a talking-point, as the “trickle-down” effect is now. It was a way of expanding the circle of wealth just enough to make sure a middle class would stop any boat-rocking that might threaten the wealth-elite running the US empire.

War of attrition

The Cold War was a war of attrition the Soviet Union lost. It started to break apart ideologically and economically through the 1980s – initially with the emergence of a trade union-led Solidarity movement in Poland.
As the Soviet empire weakened and finally collapsed, capitalism’s internal constraints could be lifted, allowing Margaret Thatcher and Ronald Reagan to unleash unregulated neoliberal economics at home. That process intensified over the years, as global capitalism grew ever more confident. Unfettered, capitalism anticipated its ultimate fate in 2008, when the global financial system was brought to its knees. The same will happen again soon enough.
Nonetheless, Soviet collapse is often cited as proof of two things: not only that capitalism was a better system than the Soviet one, but that it has shown itself to be the best political and economic system human beings are capable of devising.
In truth, capitalism looks impressive only comparatively – because the Soviet system was appallingly inefficient and brutal. Its authoritarian leaders repressed political dissent. Its rigid bureaucracies stifled wider society. Its paranoid security services surveilled the entire population. And the Soviet command-style economy was inflexible, lacked innovation and regularly led to shortages.
The weaknesses and atrocities of capitalism have been much less obvious to us only because the culture in which we are so steeped has told us for so long, and so relentlessly, that capitalism is a perfect, peerless system based on our supposedly competitive, acquisitive natures.

Installing dictators

History, remember, is written by the victor. And capitalism won. We who live in the capitalist west only hear one side of the story – the one about vanquishing Communism.
We know almost nothing of our own Cold War history: how the US empire cared not a whit about democracy abroad, only about extracting other people’s resources and creating dependent markets for its goods. It did so by cultivating and installing dictators around the globe, usually on the pretext that they were necessary to stop evil “Communists” – often popular democratic socialists committed to redistributing wealth – from taking over.
Think of General Augusto Pinochet, who headed a brutal dictatorship in Chile through the 1970s and 1980s. The US helped him launch a military coup against the democratically elected leftwing leader, Salvador Allende, in 1973. He created a society of fear, executing and torturing tens of thousands of political opponents, so he could introduce a “Shock Doctrine” free-market system developed by US economists that plunged the country’s economy into free-fall. Wealth in Chile, as elsewhere, was siphoned off to a US elite and its local allies.
This catastrophic social and economic meddling was replicated across Latin America and far beyond. In the post-war years, Washington was not just responsible for the terrible suffering its war machine inflicted directly to stop the “Communists” in Latin America and south-east Asia. It was equally responsible for the enormous number of casualties inflicted by its clients, whether in Latin America, Africa, Iran or Israel.

Military-industrial complex

Perhaps the US empire’s greatest innovation was outsourcing its atrocities to private corporations – the emergence of a military-industrial complex Dwight D Eisenhower, the former US army general, warned about in his farewell address of 1961, as he stood down as president.
The global corporations at the heart of the US empire – the arms industries, oil companies and tech firms – won the war of attrition not because capitalism was better, fairer, more democratic or more humane. The corporations won because they were more creative, more efficient, less risk-averse, more psychopathic in their hunger for wealth and power than Soviet bureaucracies.
All those qualities are now unimpeded by the constraints once imposed by a bipolar world, one shared between two super-powers. Global corporations now have absolutely unfettered power to drain the planet of every last resource to fuel a profit-driven, consumption-obsessed system of capitalism.
The truth of that statement was mostly unspeakable 16 years ago when one was ridiculed as a tinfoil-hat-wearing conspiracy theorist for pointing out that the US had invented two pretexts – Iraq’s supposed weapons of mass destruction and its equally imaginary ties to al-Qaeda – to grab control of that country’s oil.
Now Donald Trump, the foolish, brash president of the United States, doesn’t even bother to conceal the fact that his troops are in Syria to control its oilfields.

Toothless watchdogs

The unipolar world that resulted from the fall of the Soviet Union has not only removed the last constraints on the US empire’s war-making abilities, the external battle. It has also had terrible repercussions for the internal, ideological battlefront.
Control of the media has grown ever more concentrated. In the US the flow of information is controlled by a handful of global corporations, often with connections to the very same arms, oil and tech industries so keen to ensure the political climate allows them to continue pillaging the planet unhindered.
For some time I have been documenting examples of the corporate media’s falsehoods in these columns, as you can read here.
But US elites have come to dominate too the post-war international institutions that were created to hold the super-powers to account, to serve as watchdogs on global power.
Now isolated and largely dependent on funding, and their legitimacy, from the US and its European allies, international monitoring agencies have become pale shadows of their former selves, leaving no one to challenge official narratives.
The combined effect of the capture of international institutions and the concentration of media ownership has been to ensure we live in the ultimate echo chamber. Our media uncritically report self-serving narratives from western officials that are then backed up by international agencies that have simply become loudhailers for the US empire’s goals.

A coup becomes ‘resignation’

Anyone who doubts that assessment needs only to examine the reporting of last week’s military coup in Bolivia, which overthrew the democratically elected leader Evo Morales. Corporate media universally described Morales’ ousting and escape to Mexico in terms of him “resigning”. The media were able to use this preposterous framing by citing claims by the highly compromised, US-funded Organisation of American States (OAS) that Morales’ rule was illegitimate.

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