Globalization Goes Bankrupt

shanty town USAChris Hedges       TruthDig

“…The utopian dreams of globalization have been exposed as a sham. Force is all the elite have left. We are living through one of civilization’s great seismic reversals. The ideology of globalization, like all utopias that are sold as inevitable and irreversible, has become a farce. The power elite, perplexed and confused, cling to the disastrous principles of globalization and its outdated language to mask the political and economic vacuum before us. The absurd idea that the marketplace alone should determine economic and political constructs caused the crisis. It led the G-20 to sacrifice other areas of human importance—from working conditions, to taxation, to child labor, to hunger, to health and pollution—on the altar of free trade. It left the world’s poor worse off and the United States with the largest deficits in human history. Globalization has become an excuse to ignore the mess. It has left a mediocre elite desperately trying to save a system that cannot be saved and, more important, trying to save itself. “Speculation,” then-President Jacques Chirac of France once warned, “is the AIDS of our economies.”  We have reached the terminal stage.”

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5 responses to “Globalization Goes Bankrupt

  1. Right on the money!
    If it takes the masses too much longer to acknowledge these facts it will take nothing less than a violent revolution focusssed on the elite to take our country back.

  2. I like much of what Holmes had to say, that Hedges quoted, but I don’t get this push for us to all gather in a single space where state, local and federal authorities are planning to beat, spray and sonically punish us.

    What’s up with that?

    Why protest the G20? Why subject ourselves to certain brutality?

  3. Massing in public is the only way I know to have a major impact on the public consciousness. Otherwise it’s easy for our energy to be fragmented and dispersed.

    • If a tree falls in the woods and no one hears it, how do we know it fell?

      Same for public marches that don’t get covered in MSM. I suppose we could go and film it… put it on our blogs, try to hit it overseas so THEY’ll report it. Then hope US public reads international newspapers…


      If no one knows the work we’re doing, is it effective?

  4. It’s just that I keep thinking there must be a novel way to reach public consciousness.

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