2. Origin of this work
TNI seminar 2001
Nine authors, five continents
Less ‘what to do?’ than ‘what’s happening?’
Their conclusions
Globalisation in structural crisis
Crisis of governance
Major powers turning to war as the ‘solution’
Similar to ‘classical imperialism’ 1873-1914
3. Consequences
For theory
New theoretical synthesis needed
Study the theories of the past – what is their
real content?
For practice
Peace and social justice – why movements
need to support each other
Sell the book!
4. What is globalisation, really?
Free market in capital
Policy set by ‘multilateral institutions’ (IMF,
World Bank, etc)
Governing structure: coalition of
Dominant powers (US, EU, Japan)
NIACS (Korea, Singapore, etc)
Elites in ‘better off’ Southern Countries
Instruments of terror
Debt
Dictatorship
5. Economics as religion: social choices
disguised as necessity
The reality
15 million people out
of work
The world finances the
US debt
Inequality trebles
The description
Stable prices
Free market in
capital
Shock therapy
6. The illusion of market perfection
Assumption ‘equilibrium’ = ‘we assume
the market works’
Conclusion: if it goes wrong, something
outside made it go wrong
But: the market has never been stronger
A better conclusion: if it goes wrong, the
market itself is responsible
7. Divergence
32% 29%
1970 1980 2000
19%
80% 82% 84%
Income
People
Income per head
Advanced $10,473 $18,088 $26,201
Rest $1,248 $1,690 $1,160
Ratio 8.4 10.7 22.6
9. Stagnation plus divergence
1950-70
Average income rising
Rich rising faster
Inequality = ‘not improving so fast’
Those getting poorer are a minority
1980-2000
Average income stagnant
Richest keep rising
Inequality = ‘getting poorer’
Those getting poorer are a majority
10. Who is marginal?
‘Third way’ theory – most people are rich
A few ‘marginal’ poor
Problem is ‘exclusion’
But actually most people are poor
A few ‘marginal’ rich
Who run the world
11. How many rich people can there
be?
How many people in the South can equal the
income of the North?
Total income of South = $6,148 bn (avge $3/day)
Average income of North = $25,672
6,148,000,000 ÷ 25,672 = 231,380,000
= 20 per cent of the South
Everyone else would get nothing at all
12. The example of Argentina
Devaluation of peso = country 3 times poorer
Top decile was 25 times richer than bottom
Now 64
14,000,000 below poverty line (cannot afford
basic basket)
7,000,000 indigent (cannot eat daily)
23 per cent unemployed
Four presidents overthrown in 2 months
‘Darwinian selection’ – the only president left
was one that refused to pay the IMF
13. What really happened in
Afghanistan?
Portrayed as ‘barbaric tribal’
But did possess previous rich civilisation
Possessed productive economy
Civil war devastated the economy
Neoliberalism makes recovery impossible
Was not barbaric – was barbarised
14. A social fact with political
consequences
Governance ‘system’ of the world?
IFIs ‘single policy’
But require governments to implement
Country becomes ungovernable
Failure of ‘globalisation bloc’
Hence recourse to direct force
15. Globalisation in question
The one state that hasn’t got weaker
Which has the largest debts in the world
Which has the largest armed capacity in the
world
Which runs the world currency
16. Is ‘globalisation’ sustainable?
Function of state = to contain conflict
Nation state not ‘hollow’ – becomes agent of
IFIs
IFIs have no power of enforcement
‘The IMF’s army is the USA’
17. The new imperialism
A decade ago, being against empire would have been like being
against rape. To all but the perverse few who cheered for the wrong
side in Star Wars movies, “empire” was a dirty word. Today, it has re-
emerged, newly laundered.
The most aggressive advocates are “neoconservatives” such as
William Kristol, publisher of The Weekly Standard, who said on Fox
television recently that “if people want to say we're an imperial power,
fine.”
Or Max Boot, a veteran of this paper's editorial page, who wrote
shortly after Sept. 11, 2001, that “Afghanistan and other troubled
lands today cry out for the sort of enlightened foreign administration
once provided by self-confident Englishmen in jodhpurs and pith
helmets.”
Wall Street Journal 15 July 2003
18. Elements of the New Imperialism
Doctrine of failed states
Doctrine of pre-emptive action
Bilateralism on the up-and-up
The unequal balance – continents versus
countries
Unify the North, divide the South
BUT – can the North unite?
20. Growth of GDP per capita
-14.5
-19.8
35.4
Rest
-8.4
25.4
122.0
Euro Area
19.9
68.1
128.9
SE Asia
20.9
24.8
24.6
North
America
1990-2000
1980-90
1970-80
21. 3 theses of ‘classical imperialism’
World divided into two types of state,
dominant and dominated
This is a product of the market
It is a competitive system – the dominant
states compete for control of territory
22. What might be different? (1)
‘Whole world is in the market’
No-one to blame but the market
If the market cannot sustain society,
society becomes unsustainable
Easy to destroy, much harder to govern
23. What might be different (2)
Continental scale of national entities
required
USA already is
Europe trying to become
‘Large’ nation-continents (China, India)
have counterweight
Continental unity is paramount
South-South unity is paramount