Showing posts with label chicago school of economics. Show all posts
Showing posts with label chicago school of economics. Show all posts

Tuesday, October 3, 2017

Can You Imagine?



I have always believed, and still do, that one of the essentials for bringing about real political change is knowledge. To be aware of and informed about the key issues is, in many ways, to be engaged. However, I now also realize, after watching the George Monbiot video posted by The Mound the other day, and reading No Is Not Enough, by Naomi Klein, that there is another essential ingredient: imagination.

For far too long, as Monbiot explains, we have been given a binary view of the world which offers essentially two choices: there is the neoliberal perspective, which originated with the Chicago School preaching (and there is no better word than that if we consider their proponents' zeal) the virtues of free markets with minimal government interference; then there is the Keynesian model, which extols government expenditures and lower taxes to stimulate demand and pull economies out of recession and depression.

As Monbiot points out, neither is a viable model today. Neoliberalism has plundered our world and brought us to the brink of environmental collapse and an ever-widening social/economic inequity; Keynesian policies, which are predicated on constant growth, are no longer viable because we live in a world of increasingly finite resources that can no longer sustain the environmental consequences of unlimited growth.

So Monbiot asserts that we need a new narrative to compete against the old ones, a narrative that will revive and inspire our imaginations. And that begins with paying attention to an essential component of our natures: our altruism.

If we consider the cant of the neoliberals, we are little more than homo economicus, people who behave with almost a machine-like rationality that determines our behaviour as we go about 'getting and spending." It is a soulless depiction of who we are, and ignores the non-rational, 'human' side of our natures. Monbiot points out that we are the most altruistic creature on earth, far-surpassing that found in other animals, and it is the realization of that fact that can propel us towards a much better world, one whose foundation is cooperation, not ruthless competition. The video provides stirring examples of that altruism, including those who, at grave risk to themselves, harbored Jews from the Nazis in the Second World War, and the millions who marched in solidarity after the Charlie Hebdo killings. The key is for us to be reminded that we are so much more than the neoliberals would have us believe.

That better world begins with imagining its feasibility. Once we pierce through the miasma of neoliberalism and understand that life need not be a zero-sum game, that it need not be a Hobbesian world where life is "nasty, short and brutish," our imaginations are freed, and massive co-operation is possible.

A 'participatory culture' building from the ground up and establishing what Monbiot calls thick networks can mark the beginning of a community renaissance that culminates in an economy owned and operated by the community. Invoking the idea of the commons and enclosure, Monbiot talks about the value that land, in a municipal setting, for example, has thanks to all of the tax money spent on developing infrastructure, schools, hospitals, etc. Because developers benefit from these expenditures in terms of the added value of their land, a tax or 'community-land contribution' would see a return of some of that value to the community through money for local initiatives such as a new park or even a dividend paid to citizens, perhaps even in the form of a basic income, with some of the money redistributed by higher government levels to other, less affluent communities, etc.

Monbiot also talks about the need for electoral financing reform, mitigating the influence of the big players on our politicians. His vision is that the money for parties would be raised by selling memberships, supplemented by a government subsidy. This would force politicians to reengage with people and their priorities in order to sell more memberships. While there is some merit in this plan, I doubt that it would be a panacea, as the allure of lucrative post-political positions from the corporate sector would still be too tempting for the pols to abandon their masters' agenda. He also advocates abandoning the first-past-the-post system, a subject Canadians know all too well, given Justin Trudeau's betrayal of his promise to do the same.

Another component of renewal is the selective use of referenda, but ones that treat the voter as intelligent and informed. Such referenda offer not a binary choice on issues but a range of choices, ones that require people to educate themselves about the issue at hand. We are talking about the opposite of what transpired on the Brexit vote.

Citing the near success of Bernie Sanders, Monbiot also discusses the importance of what is called Big Organizing, a model that is predicated on grassroots volunteer efforts. Had it started earlier, he has little doubt that Sanders would have won, and the same could have been true of Labour's Jeremy Corbyn.

I have hardly done justice here to what Monbiot has to say. I sincerely hope you will take some time to view the video, even if your time only allows for a fragmented consideration of it. Being an informed and engaged citizen today is hard work, but when one considers where apathy has taken us, there really is no alternative if we truly care about the future and those who will live it.

Tuesday, September 6, 2011

A New School Year Begins

There is no doubt in my mind that education is not what it once was. And no, this is not about to become a screed about the lowering of academic standards. Rather, it is only a recognition that like just about everything else, education has become a commodity, its value measured almost exclusively by its ability to lead to a good-paying job.

What's wrong with that, one might ask? While having a job that remunerates well is a desirable outcome, in my view, as a retired high school teacher, it should be one of the end results of a good education, not education's raison d'etre.

The classical notion of education, as a process whereby we gain the tools with which to interpret the world, is now considered a quaint notion, one that may be pursued by the wealthy, but one that has no practical place in the 'real world'. In other words, acquiring the tools for critical thinking, as opposed to the learning how to design something or to enter the business world, is largely considered to be a time-waster, something that will not serve one in good stead. That is how far we have deviated from and declined from real education.

And, at the risk of sounding like a wild-eyed radical, that departure serves the corporate agenda very well. Universities, once a breeding ground fermenting new ideas whose goal was to make us better as a society and as a species, has become so debased that it is now largely there to maintain the status quo, not to rock the boat. It no longer holds the potential for infusing society with new intellectual blood, but rather has become the silent enabler of the corporate aim, to serve the god of unfettered capitalism that masquerades as the friend to all.

So, on this first day back to school for so many, what can the average person do, hungry for change and challenge to what has become the status quo that has betrayed countless millions of North Americans? She and he can become educated and acquire critical thinking skills through the rigours of reading and informed discussion.

Here are a few suggestions to start off:

The Trouble with Billionaires – Linda McQuaig and Neil Brooks
The Shock Doctrine – Naomi Klein
The Death of the Liberal Class – Chris Hedges

One warning to those who haven't read these works: approaching them with an open mind will inevitably lead to agitation, outrage, and a changed world view. Like Dorothy in The Wizard of Oz, you will now begin to see 'the man behind the curtain.' I do not advise perusal at bedtime, unless the prospect of insomnia inspires no fear.