Globalization of Economy or Globalization of Poverty?
This article contains valuable information on the disastrous consequencesof the free market economy as represented by WTO, TRIM and TRIP, WBand IMF, while further clarifying Prout policy on globalisation and the Proutalternative economy to replace globalisation. The author condemns thefree-market ideology embraced around the world as being equivalent to afundamentalist religion with money and profit the Gods of humanexistence. We need to get away from this ideological indoctrination thatcapitalism is the single available economic model, and help the peoplemove towards a Zeitgeist wherein the well-being of the collective society isparamount, and where not a single person is economically left behind!
by Ac. Krtashivananda Avt.In the quest for economic growth, free-market ideology has been embracedaround the world with the fervor of a fundamentalist religious faith. Money is itssole measure of value, and its practice is advancing policies that are deepeningsocial and environmental disintegration everywhere.The economic profession serves as its priesthood. It champions values thatdemean the human spirit. It assumes an imaginary world divorced from reality,and it is restructuring our institutions of governance in ways that make our mostfundamental problems more difficult to resolve. It has reduced economics to anideological shield against intelligent introspection and civic responsibility, andinfused the study of economics with a strong element of ideologicalindoctrination.
The Sanctification of Greed
The beliefs espoused by free-market ideologues are familiar to anyone who isconversant with the language of contemporary economic discourse:Sustained 'economic growth', as measured by gross national product, is thecriteria of progress.'Free markets,' unrestrained by government, generally result in the most efficientand socially optimal allocation of resources.'Economic globalization', achieved by removing barriers to the free flow of goodsand money everywhere in the world, spurs competition, increases economicefficiency, creates jobs, lowers consumer prices, increases consumer choice,increased economic growth, and is generally beneficial to almost everyone.'Privatization', which moves functions and assets from government to the privatesector, improves efficiency.
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