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Ross Chainey — Narendra Modi: These are the 3 greatest threats to civilization

Summary:
Climate change, terrorism and the backlash against globalization are the three most significant challenges to civilization as we know it, Indian Prime Minister Narendra Modi said at the World Economic Forum’s Annual Meeting 2018 in Davos, Switzerland. These are all conditions either caused by or strongly influenced by neoliberalism, which entails neo-imperialism and neocolonialism, as well as "colonizing" the vast majority of the populations of the developed countries that heretofore had been more or less exempt. The results are environmental pillage, inequality of income and wealth to more an more wealth concentrating at the top, and the substitution of transnational corporatism for democracy. The reaction is becoming clear as the historical dialectical responds — social unrest,

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Climate change, terrorism and the backlash against globalization are the three most significant challenges to civilization as we know it, Indian Prime Minister Narendra Modi said at the World Economic Forum’s Annual Meeting 2018 in Davos, Switzerland.
These are all conditions either caused by or strongly influenced by neoliberalism, which entails neo-imperialism and neocolonialism, as well as "colonizing" the vast majority of the populations of the developed countries that heretofore had been more or less exempt. The results are environmental pillage, inequality of income and wealth to more an more wealth concentrating at the top, and the substitution of transnational corporatism for democracy. The reaction is becoming clear as the historical dialectical responds — social unrest, political divisiveness and increasing conflict.

Prime Minister Modi puts his finger on the problem and then offers neoliberal nostrums for addressing it.


World Economic Forum
Narendra Modi: These are the 3 greatest threats to civilization
Ross Chainey, Digital Media Specialist, World Economic Forum

Also

Branko Milanovic sums it up:

This return to the industrial relations and tax policies of the early 19th century is bizarrely spearheaded by people who speak the language of equality, respect, participation, and transparency. None of them is in favor of “Master and Servant Act” or forced labor. It just so happened that the language of equality has been harnessed in the pursuit of structurally most inegalitarian policies over the past fifty years, or more. And indeed, it is much more profitable to call journalists and tell them about the nebulous schemes whereby 90% of wealth will be, over an unknown number of years and under unknowable accounting practices, given away as charity than to pay suppliers and workers reasonable rates or stop selling information about the users of platforms. It is cheaper to place a sticker about the fair trade than to give up the use of zero-hour contracts.
They are loath to pay a living wage, but they will fund a philharmonic orchestra. They will ban unions, but they will organize a workshop on transparency in government.So in a year, they will be back in Davos and perhaps a new record in dollar wealth per square foot will be achieved, but the topics, in the conference halls and on the margins, will be again the same. And it will go on like this…until it does not.Global Inequality
Dutiful dirges of Davos
Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace

See also

The following post is wonkish not mathematically but conceptually. But Alexander Dugin puts his finger on it in distinguishing between the person and the individual. The person is the total human being with all the unique of a personality and social relations, embedded in a historical, geographical and cultural contest. The individual is the person stripped of every sort of different that distinguishes human beings from each other. The individual is reduced to homo economicus, a black box that operates on stimulus response to maximize self-interest. The individual can serve as an atomistic "representative agent," while the person cannot owing to personal uniqueness and systemic relationships.

The Fourth Political Theory
The Economic Personality
Alexander Dugin

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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