On The Brink: Global Crises Ranging From Climate To Economic...| MENAFN.COM

Friday, 02 December 2022 11:28 GMT

On The Brink: Global Crises Ranging From Climate To Economic Meltdown Demand Radical Change


(MENAFN- The Conversation)

We have damaged our planet through destructive exploitation of fossil fuels and the insatiable demand for things we don't need. We are cooking ourselves to death and .

Multiple and intersecting crises — the pandemic, a changing climate, wars in Ukraine and elsewhere and associated economic sanctions — have produced real hardship for millions of people. The effects include food shortages, hunger, inflation, recessions and soaring energy costs that undermine climate action as coal-fired generation resumes.

Economically, wealth inequality is unprecedented. , just two per cent of the total. The richest 10 per cent of the global population own 76 per cent.

Yet we continue to believe that the marketplace, left mainly to self-regulate, will naturally stabilize economies. That belief has led to or even to manage the economy at all.


A woman addresses the crowd during a protest against Vancouver's removal of a homeless encampment in August 2022. THE CANADIAN PRESS/Darryl Dyck Existential crises

These are genuine existential crises. Climate change could end human life on Earth. Wars and conflicts, as bad as they already are, could swiftly escalate.

Any of these crises could trigger a horrible spill of dominoes. For example, war accelerates climate change, which pulls down the economy and potentially accelerates the death of democracy. I explore such possibilities in my new book .

Few have confidence that existing political leaders and institutions will find solutions. There is enormous and often unarticulated dissatisfaction with how things are going and who is making decisions.

Voting and participation in politics are down. , for example, saw just 18 per cent of eligible voters electing a two-thirds majority government.

In covering 27 countries, more than 70 per cent of respondents said they believed their economies were controlled by the wealthy and more than 50 per cent said their own countries were broken.

Often considered the world's most stable democracy, the United States is teetering badly, up to its neck in lies, manipulation, hypocrisy and greed. Its institutions are paralyzed by toxic partisanship, the streets are awash with combat weapons and racism has again reached levels so poisonous that .

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Equally troubling is that in the neoliberal era, many decisions are taken out of politics and moved into the realm of agencies that are at arm's length from governments or embedded in remote international organizations like , or in trade treaties.

What's left for governments to manage is not unimportant, but it's a minor part of what they should be dealing with in democratic societies.

Glimmers of hope

All this points to a lack of representation and accountability, as well as the need for radical changes to our institutions and politics.

Avoiding catastrophe must involve devising new institutional structures that can achieve the goals of representation and accountability in new and effective ways based on the roles people play in society — whether they're workers, farmers, business owners or caregivers, for example — and on their lived experiences.

But can the resistance of the privileged be overcome?

Before you start building an off-grid home in the woods, there are some causes for hope.

Consider the last century or so. As we look back, it's clear that change is constant. Sometimes, it's incremental. Other times it's dramatic and radical. Although there are no guarantees about what direction change will take, things can change for the better, even when they seem lost.

Examples include the , achieving and important .

People potentially have more power than they might realize. Expressions of specific discontent could expand into demands for more comprehensive change.


Anti-government protesters are jet-sprayed by a police water cannon during clashes in Santiago, Chile, in March 2020 that began over an increase in subway fares and led to wider uprisings about inequality. (AP Photo/Esteban Felix)

In Chile, for example, a popular protest . Although the draft of a new constitution was defeated in a referendum, constitutional change remains on the agenda. The process continues.

And while the final result of the Brazilian presidential election remains to be determined, .

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Returning to 'normal' not an option

What should change look like? The desire to return to pre-pandemic“normal” is powerful, but“normal” is what got us where we are today.

Various reforms have been proposed, such as the , modelled on Franklin D. Roosevelt's 1930s reforms that helped to end the Great Depression. Then, circumstances were sufficiently desperate to make reform possible.

Others argue that more radical reforms based on planning and a rejuvenated public domain are needed today.

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Are we there yet? Will climate and other crises be enough to prompt action? Have geopolitical and economic crises reached the stage where radical change is inevitable? We'll see.

But getting back to normal and trusting existing institutions and markets to solve our problems is not a viable option.


The Conversation

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