there is no longer a proper set of institutions that can restore the equilibrium in the new global world order: the Nation is no longer able to force the State to regulate the Market.
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 the first time in history, transnational capital could significantly escape the regulation of the nation-states, rendering the latter inoperative
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
Transnational Uncivil Society Networks: kleptocracy’s global fightback against liberal activism - reference - https://ora.ox.ac.uk/objects/uuid:5e5a3052-c693-4991-a7cc-bc2b47134467/download_file?file_format=application%2Fpdf&safe_filename=Cooley_et_al_2023_transnational_uncivil_society.pdf&type_of_work=Journal+article
while the super-rich may move through through world cities, their cosmopolitan practices and lifestyles rarely break out of the exclusive transnational spaces which stand at the intersecting points of particular corporate, capital, technological, information and cultural lines of flow.
The elites move in a world of their own. Embedded within the deteriorating spaces all around them, their privileged and exclusive spaces are like self-constructed lotus blossoms floating on a sea of muck, which their lifestyles have disproportionately helped create in the first place. The geographic juxtapostion of these two spaces is stark, as illustrated in images such as those of Cape Town’s elite neighborhoods nextdoor to crowded townships. Wealth and privilege live side by side poverty.
it is apparent that the global elite must be regarded as transnational to the extent that they share similar global lifestyles. For Short and Kim (1999) the lifestyles of global managers present perhaps the clearest evidence that the shared consumption of similar goods and images is resulting in the creation of global lifestyles. Moving from city to city, the global managerial class characteristically occupies a series of corporate spaces designed for the international business traveller: international airports, business hotels, executive clubs, corporate health suites, restaurants and so on. The mobility of global managers is, however, eclipsed by that of the global super-rich. They are able to move easily from nation to nation by executive jet (rather than travelling by business class); they stay only in five-star hotels; they are able to access exclusive clubs and restaurants, they frequent ultra-expensive resorts in all continents, and collect the objet d'arts which can only be obtained in the most exclusive shops and auction houses. In short, their space-time routines centre on a globally-diffuse set of spaces regarded as 'the right places to see and be seen'. It is the nature of these spaces that we explore in our next section.
The Deep Humanity challenge then, is to achieve an education program for these super-elites that shift aspirations from the extremely high carbon footprint lifestyle to a more frugal, within-planetary- boundary one. Without the context of a dedicated trans-disciplinary Human Inner Transformation (HIT) protocol, a scalable approach may prove challenging.
associate professor of economics at the University of British Columbia and a faculty research fellow at the National Bureau of Economic Research
Somewhat surprising that (apparently US-based) NBER would have involvement from a professor at a Canadian university. Typically, those “national bureaus” focus on “nationals”.