A study by Oxfam just came out this week which shows that the richest 8 people on Planet Earth have more wealth than the bottom 50% of human beings combined.
Think about that…
The report goes on to say:
“While one in nine people on the planet will go to bed hungry tonight, a small handful of billionaires have so much wealth they would need several lifetimes to spend it. The fact that a super-rich elite are able to prosper at the expense of the rest of us at home and overseas shows how warped our economy has become.”
This is what is often referred to as “neoliberalism”; basically globalized capitalism. This is the status quo, and all over the world people from all parts of the political spectrum are beginning to register their discontent with this system. Broadly speaking, there is a Right and a Left reaction to Neo-Liberalism.
The Reaction from the Right
The reaction to the globalized status quo from the right is, well, reactionary. In the face of the chaos and impotence of late stage capitalism, the right angrily recoils, not unlike a snake, into some mythologized past. In the United States, it has taken the form of the electoral victory of a rabid ethno-nationalist, equipped with the not-so-subtle slogan of ‘Make America Great Again’. For the right, the complexity and inequality produced by capitalism is hard to understand, and so they resort to what they have known (or think they have known) by trying to drag the world back to a “simpler time”; into some romanticized version of the past (which, incidentally, never actually existed). The right’s scapegoats, as they have always been, are the simple scapegoats of racial, ethnic, and religious minorities. Trump ran on a campaign of white nationalism with virulence aimed at every minority imaginable. Brexiters similarly focused their ire at Muslims and immigrants when they voted to leave the E.U. All over Europe, from Greece to France to Germany, right wing movements are on the rise. This violent bigotry often takes the form of nationalism, a tried and true vehicle for the right.
This, of course, is the predictable response from reactionaries; but as usual, their hyper-simplistic, tribalistic narratives of bigotry and nationalism are viscerally appealing to large swaths of the population in any given country. While the left tries to appeal to the intellects and sense of history of the people, the right has the advantage of merely having to appeal to their emotions; anger, hatred, confusion, and fear. It’s not pretty, but in times of economic uncertainty, its always been effective.
The Reaction from the Left
The reaction to the globalized status quo from the left is to critique the overarching socio-economic system that is driving the global engine: capitalism itself. We know that the only way to move beyond the stagnation and absurdity of the neoliberal established order is to revolutionize the global economy such that it is controlled by, and works in the name of, common people all over the globe.
Unlike the right’s offer of angry nativism and bigotry, the left offers a more nuanced approach to our problems: one rooted in history, economics, and science (notably environmental science and sociology). The only answer to cartoonish levels of inequality and exploitation (which are inherent features of capitalism) is a socialist economic system. The goal is to take the enormous material gains that capitalism has made possible and employ them for the betterment of all, instead of for the massive enrichment of a relative few.
The equality, sustainability, community control, fairness, internationalism, and cooperation of a global socialist economic system is the only way forward. As the old saying goes: “Socialism or Barbarism”. Although at first glance that statement may seem like a false dichotomy, its becoming increasingly clear that we have very few options on the table. The status quo is dysfunctional, unsustainable, radically unequal, and promotes all types of social neurosis (terrorism, mass shootings, and widespread cases of addiction, anxiety and depression in the population). The right offers solutions to precisely none of these problems… How can they? They do not even understand the problems themselves. Only the left has anything reasonable to say about a possible world after this one, and although there will be differences based on the country, the culture, and the context in which leftist solutions get implemented, the overarching values and principles of the left are undoubtedly progressive and represent our
best only chance at improvement from this point forward.
In short, the sophisticated response to neoliberalism, to be sure, is the international and intersectional solidarity, the emphasis on economic and political equality, and the social and cultural progress pushed by the revolutionary left.
Capitalism is eating its own tail. It has served its historical purpose and is now becoming superfluous; but it will not exist the stage gracefully, it must be ushered off.
With the rise of hyper-automation and artificial intelligence, the contradictions of capitalism will only continue to become more stark. The values of capitalism (inequality, competition, infinite growth, etc.) are proving to be unsustainable, exploitative, and existentially dangerous. The rise of the right in the face of capitalism’s failures represents an even more dangerous possibility than neoliberal capitalism itself. Both of these approaches are poisonous.
As a civilization, we are in the middle of a dark tunnel, the neoliberal establishment’s apologists want us all to take a seat, hunker down, and stay where we are for as long as possible (while they ransack the world in the name of “progress”). The right, on the other hand, wants to grab us by the hair and drag us back the way we came; preferring the dull comfort of what we have known to the frightening uncertainty of moving forward. The left, in direct opposition to both, has made out a tiny pinpoint of light at the end of the tunnel, and are urging us to move courageously towards it.
I do not know what direction we will ultimately go, but I know that now is not the time to throw your hands up and let the cards fall where they may; it is time to stand up and fight! We cannot hand this world over to the vampires and the fascists…