Globalism Isn’t Failing. Industrialism Is.

The process of the world coming together has been irregular at best. It seems reasonable that through it all there would be winners and losers, as we have seen. What is remarkable is how globalism, as a concept and a reality, has divided the developed world. Working people with less access not only feel left behind, in many cases their standard of living is actually slipping.

It seems as though there is a fundamental flaw in globalism. Yet the flaw may be in how we approach not just globalism, but the forces which created it in the first place. What if the process of the world coming together, driven by market forces, is fatally flawed because of our inadequate understanding of marketism?

In short, what if the transition from an industrial world to a market based world is not as seamless as we want to believe?

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Why Economics?

For all the thousands of words forming complex observations, theories, and predictions it takes a really simple question to stump Barataria. Buried within just the right blank stare of a few words is often hidden some basic wisdom that questions the assumptions long taken as unprovable facts. Isn’t the Emperor naked after all? Such a question came in response to a recent post, as posed by “kikila”:

Finally (I hope) someone who can explain why the economy is important to me!

It’s less of a question than a question about the fundamental underpinnings of our world. Why does economics matter? He elaborates, “I have a theory that this is intrinsically linked to ideology and the false concept that a free economy = freedom (the mainstay of the neo-liberal line for decades). Moreover, that ideological systems have coopted the notion of democracy, linking the idea of political involvement directly and indelibly with the idea that one day, eventually (you say 2017) the economy will begin to benefit (the) people.”

More like centuries of not-so-neo liberal thought, but let’s dig in. Why should we care?

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The Economy of People

The economic teachings of Pope Francis are a hot topic. People feel a need to weigh in on what he said whether they understand it or not. But it’s the simple fact that so many don’t understand where this comes from that is probably the most important point in the public debate.

To sum it up: Money should work for people, and not the other way around. That shouldn’t be controversial, but having forgotten this way of looking at things is may be at the heart of economic and social cycles. The simple answer is that it’s time we remembered. More to the point, that philosophy is at the heart of American tradition going back to our earliest days.

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