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Forum Post: "Break the grip of corporate power to secure our future", by George Monbiot [The Guardian]

Posted 2 years ago on Dec. 8, 2012, 6:03 a.m. EST by shadz66 (19985)
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Neoliberal dogma forbids the intervention required to stop climate change. To save the planet we must articulate a new politics.

We cannot restrain climate change without a political fight against plutocracy.

by George Monbiot {The Guardian}

Humankind's greatest crisis coincides with the rise of an ideology that makes it impossible to address. By the late 1980s, when it became clear that man-made climate change endangered the living planet and its people, the world was in the grip of an extreme political doctrine whose tenets forbid the kind of intervention required to arrest it.

Neoliberalism, also known as market fundamentalism or laissez-faire economics, purports to liberate the market from political interference. The state, it asserts, should do little but defend the realm, protect private property and remove barriers to business. In practice it looks nothing like this. What neoliberal theorists call shrinking the state looks more like shrinking democracy: reducing the means by which citizens can restrain the power of the elite. What they call "the market" looks more like the interests of corporations and the ultra-rich. Neoliberalism appears to be little more than a justification for plutocracy.

The doctrine was first applied in Chile in 1973, as former students of the University of Chicago, schooled in Milton Friedman's extreme prescriptions and funded by the CIA, worked alongside General Pinochet to impose a programme that would have been impossible in a democratic state. The result was an economic catastrophe, but one in which the rich – who took over Chile's privatised industries and unprotected natural resources – prospered exceedingly.

The creed was taken up by Margaret Thatcher and Ronald Reagan. It was forced upon the poor world by the IMF and the World Bank. By the time James Hansen presented the first detailed attempt to model future temperature rises to the US Senate in 1988, the doctrine was being implanted everywhere.

As we saw in 2007 and 2008 (when neoliberal governments were forced to abandon their principles to bail out the banks), there could scarcely be a worse set of circumstances for addressing a crisis of any kind. Until it ha