Global economics

Johan Galtung turns 85 on UN Day 2015 The global nation-state based system is in deep crisis. The West’s relative decline is obvious, except to the West itself. This multi-dimensional crisis will, of course, give way to something new – but what? Lack of vision – sometimes even of knowledge and empathy – among those in power seems a defining characteristics of our times. Individually as well as nationally, we are living in iTimes, not weTimes. Add to that blowbacks from history and Western knee-jerk militarist responses – and the next few years will be tough. The creativity and innovation we find in commercial and social entrepreneurship and in the arts, seem frighteningly absent in the world of politics. Who would get elected anywhere on having an exciting vision for the the world the next 25 or 40 years? No, you must know about national affairs and economy – while,...

The game is dirty and has lasted 70 years. It came with the idea of development as imitating, but not catching up, with the West, for all states, including the deluge of states due to decolonization. The formula for big profit is simple: give credit to a country poor enough not to be able to pay it off quickly, yet not so poor that it cannot go on servicing the loan for years. To be worthwhile the project must be capital-intensive, like (air)ports and highways to the (air)ports for import-export, assembling cars–something for the rich. Investment to lift up people in misery, or ravished nature, makes no sense: the poor need very little capital and can only pay back in labor, whereas nature pays back but is not capitalized. Ideally, the country asks for more credit to service the first, and a second, third loan is then offered at higher...

Norway, on top of the UN indicator of good life for years, is now hit by two different crises; one for the less developed aspect and one for the more developed. Yet the citizens are protected by a massive oil slick, the biggest sovereign fund in the world, the Government Pension Fund for an aging population when oil dries out. For only 5 million inhabitants, $178,000/capita, and growing. First crisis: Third World monoculture—oil/gas–hit by the world markets; from over $ 100 per barrel to under 50 recently. A crisis of over-supply and also of under-demand, less than expected: toxic fossil fuels do the same to the lungs of Planet Earth as smoking to the lungs of humans. Green alternatives strong in Germany, China, coming in USA. A generation was needed for the smoking truth to penetrate, but smoking survived in the Third World – for some time. We will get...

Unbelievable but true: Obama, other presidents and governments are seriously contemplating to hand their countries, people and all, over to business to create the largest “free trade areas” in history with NAFTA for North America, TPP for the Pacific, TTIP to the Atlantic and TiSA, services covering some 50 states all over. Pharmaceuticals, chemicals, textiles, chicken; communications, e-trade, financial services, insurance, what not, negotiate across the oceans how to market each other’s products across oceans, overriding domestic laws, even constitutions that stand in the way of business. The State-Capital-People, or Government-Investors-Civil Society restructured against not only Civil Society, but Parliament and Law. The gains for business are obvious; removing the last inter-state tariff and non-tariff barriers, and more importantly: intra-state laws and regulations impeding the free flow of goods and services to protect people and nature; except laws protecting business. So, imagine what may happen.

Lecture at World Congress of Faiths, Annual General Meeting, London School of Economics, University of London, May 20, 2015 Thank you for inviting me to speak to you today, and for giving me the opportunity to share with you my journey for the common good, a journey which I began many years ago, when as a young man I left Iran for England in 1972 in my search for life’s bigger picture. Friends, I very much like to set the scene by reading a short statement, giving you a brief background to my presentation, my abstract, if you will: First: This presentation is dedicated to the youth of the world, our children and grand- children, who are the unfolding story of the decades ahead. May they rise to the challenge of leading our troubled world, with hope and wisdom in the interest of the common good to a better future...

“Getting Away With Murder” is the title of Susan George’s (as usual) brilliant analysis of the banking situation after the US banking 9/11, the 2008 crash (published by Transnational Institute in Amsterdam. If the West had freedom of the press the analysis by a leading expert on these matters, and her suggestions for remedies, would have been on media everywhere with detailed interviews. But, alas. Picking one point among many: the operation of the European Central Bank to extend credits; at a generous 1%. In a Union of 28 states, we might imagine, it would go directly to member states with problems. Not at all, directly to banks, from them to states; at, for instance, 6%. In other words, the more miserable the situation in a country, the more banks and their top boards, CEOs and some functionaries will be thriving. This is EU oligarchs feeding EU oligarchs, not direct...

By Jonathan Power The Greek clash with the EU continues. Jean-Claude Junker, the European Union Commission’s president, has publically taken umbrage at the Greek prime minister’s attack on him. In parliament at the end of last week Alexis Tsipras said Junker’s latest proposals were “absurd” and “irrational, blackmailing demands”. Junker likes to think that he is a moderating voice in the confrontation between Greece, the EU and the IMF. But there is no middle way as long as Germany insists the EU be as hard as nails. The blunt truth is that Germany has neither the facts nor history on its side. Joseph Stiglitz, a Nobel laureate in economics and one of the key policy makers in the Clinton Administration’s “Goldilock’s economy”, pointed out this weekend that “Greece has met its creditors’ demands more than half way. Yet Germany and Greece’s other creditors continue to demand that the country sign...

 In my columns, “The Year 2015-What Are We in For?”, I identified four unfolding, dramatic processes: the West will continue fighting unsuccessfully and violently to keep their world grip; Eurasia will expand and consolidate successfully and nonviolently; Islam will expand and consolidate partly violently; Latin America and Africa will expand and consolidate, spearheaded by Brazil, South Africa, BRICS. A third of the year 2015 has now passed; let us take stock. Headlines in the International New York Times tell the story: 18-19 April 2015: “U.S. is said to risk losing economic leadership”; “–a divided nation shedding hard-won clout”, “We’re withdrawing from the central place we had on the world stage”. And for the UK: 29 April: “Britain’s drift from the world stage looms over the vote”. These are statements about leadership, about being the center as a model to emulate; controlling world stage politics; not about economic growth. Losing leadership...

Here, this Blog, I am calling upon families, educators and community leaders worldwide to become as children and rediscover the benefits of paying attention to nature, and to take action to strengthen children’s connections to nature. As adults, we should be opening the doors and providing the children and the youth opportunities that fully connect them to the natural environment so they can gain an understanding of the natural world in as many educational and recreational settings as possible. We cannot start too soon! Today’s children and families often have limited opportunities to connect with the natural environment. Richard Louv called this phenomenon, ‘nature-deficit disorder’ in his influential book, The Last Child in the Woods, and opened our eyes to the developmental effects that nature has on our children. Continue reading on Mofid’s blog – Globalisation For The Common Good Initiative.

…is the title of our conference. There will never be any such thing. “New”, yes; “World”, yes –“Order”, No. Wherever there is life there is contradiction, dialectic, forces and counter-forces. At the very obvious level the question arises – Order, in whose interest, against whom? Sow any new order and the seeds of its undoing are already taking root, sprouts are coming. As the Chinese say, “There are human beings without contradictions; they are called corpses.” Follow that hint; go to the moon. New moons once a month, and order, the order of death, of non-life. The Old Moon Order. As part of this Perdana Global Peace Foundation Conference, so well composed by Dr Hitam, President Tun Dr. Mahathir unveiled a giant copy of my book just published, Abolishing War: Criminalizing War, Removing War Causes, Removing War as an Institution (TPU and IIUM Press, 2015) together with a smaller book...

By Jonathan Power On Saturday President Barack Obama was at the commemoration ceremony to mark the 50th anniversary of the Selma March led by Martin Luther King which gave the push for legislation that ensured black people the right to vote. Obama’s speech was breathtaking oratory – surely one of the top three speeches in the American history of the last 150 years. The fifteen minute speech was delivered without script or teleprompter. It ranged from history to philosophy, from politics to poetry. Every sentence was perfectly structured. The arguments were sharp and delivered with awesome authority and soaring elegance. Obama is the poet of prose. For those who say the only significant thing about Obama’s presidency is that he is the first black to hold the post I tell them to watch this on YouTube. Obama’s speech should be remembered in 150 years time as much as is Lincoln’s...

Society is tri-partite: State, Capital, and People with their associations, the Civil Society. There is hard-won and applaudable freedom of expression for People, directed at the State and its feudal predecessors, Clergy and Aristocracy. But how about Capital? Consider this. Somebody can pay for access to the media – papers, radio, TV – with total freedom of expression of strong views, filling pages and hours of reading space and listening-viewing time; one way. Uncontradicted, nobody writing or voicing contrary views, sowing doubts, coming up with data to the contrary, values, theories against. One-way flow of expression, and not merely a flow of bla-bla words but to induce behavior, even changing behavior; aimed at getting inside readers-listeners-viewers, capturing their spirit to issue new commands to their bodies. Could a tyrant dictator ask for more?