"capitalism, in its current form, no longer fits the world around us"

Capitalism, in its current form, no longer fits the world around us.
When a high priest of Davos says this, I can't help but wonder. Has the idea reached a tipping point?

Harper may have "unveiled his grand plans to reshape Canada" - come on, Globe and Mail, he's been unveiling that for five years - but he hasn't been elected Prime Minister for Life.

Klaus Schwab, the Chairman of the Davos World Economic Forum, Capitalism Central, publicly voices doubts about the future of global capitalism. Stephen Harper may have plans, but the future is always unknown.

More Schwab:
How sustainable is it and at what cost to the environment? How are the gains distributed? What has become of the family and community fabric, as well as of our culture and heritage? The time has come to embrace a much more holistic, inclusive and qualitative approach to economic development.
Are 'sustainable' and 'inclusive' merely buzzwords? But why bother? He's not running for office, doesn't need our approval. Could it be that even the enablers of the 1% are coming to understand that the centre cannot hold?
A global transformation is urgently needed and it must start with reinstating a global sense of social responsibility.
A global transformation? Transformation is another word for revolution.
Maybe Schwab is one of those "foreign radicals" Harper is on about. You know, ordinary people, who want there to be a future for all.

1 comment:

allan said...

Chris Hedges:

I do not know how long it will take to dethrone the corporate state, but I do know it is a dead and terminal system of power. ... I know the iron grip of corporations over our lives will, eventually, be broken. The corporate state will, like all wounded animals, lash out with a blind fury, which is why I suspect we have been given the National Defense Authorization Act, which permits the military to arrest and hold U.S. citizens without due process. It will increase pressure to become crueler and more callous at the base of the columns it depends on for survival. And eventually it will break. No one knows how long this will take. It could be months, years, maybe even a decade, although the massive assault by the fossil fuel industry on the ecosystem will probably force a popular response sooner than we expect.