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Series | The Need for a New Economic System, Part 6: Adverse Effects Of Globalization

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  • We need instead to reform our economic system and to give it both a social conscience and an ecological conscience. Let us restore democracy! Let us have governments that work for the welfare of all their citizens, rather than for the enormous enrichment of the few!
  • This is the sixth story in a nine-part series looking at the need for a new economic system. Previous installments are listed below.

John Scales Avery, Countercurrents.org

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http://ecx.images-amazon.com/images/I/31VZKSO24bL._SX351_BO1,204,203,200_.jpg   17 August, 2015 | Child Labour and Slavery

In the early 19th century, industrial society began to be governed by new rules: Traditions were forgotten and replaced by purely economic laws. Labor was viewed as a commodity, like coal or grain, and wages were paid according to the laws of supply and demand, without regard for the needs of the workers. Wages fell to starvation levels, hours of work increased, and working conditions deteriorated.

John Fielden’s book, “The Curse of the Factory System” was written in 1836, and it describes the condition of young children working in the cotton mills. “The small nimble fingers of children being by far the most in request, the custom instantly sprang up of procuring ’apprentices’ from the different parish workhouses of London, Birmingham and elsewhere... Overseers were appointed to see to the works, whose interest it was to work the children to the utmost, because their pay was in proportion to the quantity of work that they could exact.”

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Related:

Series | The Need for a New Economic System, Part 5: The Threats And Costs Of War

Can we not rid ourselves of both nuclear weapons and the institution of war itself? We must act quickly and resolutely before our beautiful world and everything that we love are reduced to radioactive ashes.

Series | The Need for a New Economic System, Part 4: Neocolonialism And Resource Wars

In addition to the enormous suffering, waste, injustice and ecological destruction produced by modern wars, we must recognize that in an era of thermonuclear weapons, war has become prohibitively dangerous. Therefore we need a new economic system.

Series | The Need for a New Economic System, Part 3: Climate Change and the Urgent Need for Renewable Energy 

One of the greatest threats to the survival of the human species and the biosphere is catastrophic climate change.

Series | The Need for a New Economic System, Part 2: Entropy and Economics 

We urgently need to shift quickly from fossil fuels to renewable energy if we are to avoid a tipping point after which human efforts to avoid catastrophic climate change will be futile because feedback loops will have taken over. 

Series | The Need for a New Economic System, Part 1: Limits to Economic Growth 

It is obvious that on a finite Earth, neither population growth nor economic growth can continue indefinitely.