Alternatives for capitalism in a globalised economy

Share4 Shares 5K Some believe our current system of economic organization is starting to fail us, but other than the horrors of Communist collectivism, what alternatives do we really have? As it turns out, there are quite a few. Here are 10 systems of economic organization that go against the grain of conventional thinking.

Alternatives for capitalism in a globalised economy

Migration in a globalised world recent issues and new paradigms imiscoe research

Programmes Corporate Power Note: These differing perspectives or emphases require deeper discussion and fuller clarification on the sources and interaction of these forces and dynamics, as well as on the nature and main location of their multiple effects.

There are, however, further perspectives that need to be included with these observations and in these discussions. Financial and productive capital In the first instance, further observations and elaborations are required on the respective role s and relationship between financial and productive capital: But the latter in manufacturing, mining, agriculture, forestry, fisheries and services etc have not thereby ceased to exist and operate.

They have, in fact, continued to actively argue for and impose their own particular demands and specific needs in governmental policy-making eg on foreign trade and investment liberalisation and actions eg oil companies and the gulf war.

Although financial and productive capital have differing operational modalities and requirements, and although there are therefore differences in their priorities and their respective immediate demands on governments and other public authorities, and inter-governmental institutions [see 2.

The exertion of such influence and power is intrinsic to their own continuing role s and status, and the functioning and survival of the capitalist system as such. Multiple dimensions of the crisis. In this context it is necessary to note that: But this financial crisis impacts in the peripheral economies in the South directly - such as tighter and more costly trade credits from northern banks precautiously holding onto their cash reserves.

Yet many of the latter have been made structurally dependent on such aid. But the scale and impacts of these multiple crises will be uneven from country to country. These effects include, amongst others: The accompanying internal land, water and environmental pressures and stresses, and the national and international effects of global warming and climate instabilities - resulting massively from the functioning of industrialised capitalism over a century and more - are also already being felt most directly and heavily in countries of the South.

These effects will continue and deepen for such countries - large and small, strong er and weak er - although also threatening the entire planetary ecological-system s and all of humanity. This intensified drive arises directly from the systemic dynamics and the dilemmas intrinsic to capitalism, namely: But, the vast investments entailed in the new unfolding technological revolution from the later s and into the s were not — yet- yielding commensurate returns for capital.

These factors combined to create unsatisfactory rates of profit for capitalist enterprises in these economies in these years.

The inevitable effect — and the deliberate aim - of these instruments and impositions was further vast capital outflows from such economies in the South. This added yet further to the over-accumulation of capital in the home economies of globalised corporations in the North.

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Thus, many major holders of accumulating capital — both institutional and individual — opted not to venture onto the choppy waters of foreign direct investment even though it was highly lucrative or even take on the practical, political and economic challenges of real investment at home.

They chose rather to by-pass productive investment altogether and to use their capital to directly create more money and paper capital in a self-reinforcing upward spiral of escalating accumulation.

Archives (2006 on) Email You are critical of capitalism, but what is the alternative? When I think about alternatives to capitalism, I go back to basics, to the question of what any economic system actually is and what it does.
10 Potential Alternatives To The Conventional Capitalist System - Listverse Introduction Colonial capitalism prevailed in the world from the close of the 15th century to the middle of the 20th century.
REVIEW: THE ALTERNATIVE TO CAPITALISM, ADAM BUICK AND JOHN CRUMP | The Norwich Radical That's not all there is to capitalism, however.

Crises from the neoliberal version of capitalism, or crises from capitalism per se? These processes are intricately inter-related and mutually reinforcing. This outward drive was also important as an offensive strategy to try to outflank and pre-empt effective productive competition advancing further from within other economies in the world particularly, but not only, in Asia.

Thus, some economies in the South are able to make some small but significant financial and technological gains from the operations of international capital in their countries.

These add yet further to the accumulating resources and power of financial institutions in the North and the ever-higher levels of financialisation of these economies. Oligopolistic and imperialistic late capitalism What also emerges clearly from the above is that the inherent dynamics of capitalism demand the unceasing expansion of capitalist production and unlimited consumption throughout the world.

This includes recourse to military means when necessary. The question for anti-capitalist analysts, governmental and non-governmental, and all labour and social movement activists is how capitalist concentration and control can be countered by global socio-economic diversification and socio-ecological transformation and genuine institutionalised popular democratic power.

This is now both a crucial need for social equity and justice and a survival necessity for humanity and the planet. Strategic perspectives on the immediate and further future Organised mass responses to their extreme exploitation, dispossession and oppression is growing - although unevenly - in the countries of Latin America and the Caribbean, Asia and Africa.

Such mass reactions will undoubtedly continue, especially as they are hit most forcefully by the climate instabilities and ecological crises threatening the whole world.

If Not Capitalism, What? – Allan G. Johnson

They continue to exploit whatever opportunities they find or foresee in the real economies.This discussion moves beyond the semantics of ‘socialism or capitalism’, to build on the point that the nature of China’s economic system matters and, in an increasingly globalised world, it .

By Laura Potts On Saturday March 11th, I attended the launch of a fascinating new book from Theory and Practice publishing: ‘The Alternative to Capitalism’ by Adam Buick and John Crump.

Alternatives for capitalism in a globalised economy

Many of us feel hostile towards capitalist structures. Being properly informed is vital to structuring our opposition effectively. In this globaliSed era it would be highly ethnocentric to rely on any one of economic models,models at the end of day must be egalitarian else polynormativism emerges.

Hence depending on individual country socio -cultural background a mix models must be adopted. Any alternative to capitalism would then be a violation of property rights to some degree, which is usually determined by the state. This type of governance is found in almost every country on the planet.

May 16,  · Better than the alternatives But capitalism needs nurturing, in poor and rich countries alike May 16th Rather than as an abstract “alternative” to [State-]Capitalism, as if sitting on an ahistorical plane of completely voluntary and even arbitrary choice, it is better to grasp real Marxian communism -- ‘Political-ECONOMIC DEMOCRACY’ -- as the “lawful” higher successor-system to the [State-]Capitalist system.

What Is Global Capitalism? | Bizfluent