for - quote - the Nation (state) is no longer able to force the State to regulate the Market - Michel Bauwens - climate crisis - transnational capitalism escapes the regulation of nation states - example - COP conferences and climate change

for - quote - transnational capitalism escapes the regulation of nation states - Michel Bauwens - climate crisis - transnational capitalism escapes the regulation of nation states - example - COP conferences and climate change quote - transnational capitalism escapes the regulation of nation states - Michel Bauwens (see below) - The nation-state equilibrium started to be disrupted in the 1980s. - Neoliberalism is in fact, also a failed attempt at global regulation. - Several events, such as - the conservative counter-revolution of Thatcher and Reagan, - the collapse of the Soviet Union in 1989-91, and - the failure of the first attempt at democratic coordination of the economy in Chile (Cybersyn), - contributed to the emergence of a new world order in which, for the first time in history, - transnational capital could significantly escape the regulation of the nation-states, rendering the latter inoperative. - This was of course done consciously and with the collaboration of neoliberal nation-states.

comment - This is why climate change agreements at the nation-state level, such as COP conferences, are such dismal failures - Trump was bought out by billionaires who wanted to maintain their status quo money-making-machines - In this sense, this is conservatism at work - Economic, fossil-fuel incumbents teamed up with Christian fundamentalists to make a last valiant attempt at preserving the old order - Unfortunately, if they succeed, it will definitely accelerate their demise as well as the entire biosphere