intentBlog intent is the emerging asian consciousness giving birth to a global mind shift

Critique of Capitalism

Satish Kumar - August 18, 2005

The twentieth century was dominated by two opposing ideologies; communism and capitalism. Communism collapsed, as it was practiced in the Soviet Union and Eastern Europe.

What is left in China is not communism; it is an authoritarian state with a capitalist economy. So capitalism seems to rule the world. It claims to be the only system capable of solving the world’s problems. Mrs Thatcher, one of the great apostles of capitalism, claimed “There is no alternative”.

But when we look around the world we find that not only is capitalism incapable of solving the problems of humanity but in fact hunger, pollution, war, the breakdown of the social fabric, human unhappiness and every other major problem is caused by capitalism. In my view there is no such thing as good capitalism or compassionate capitalism or capitalism with a human face or even natural capitalism. The truth is that capitalism is bad, bad, bad!

All the effort of the past one hundred years towards a free market economy, world trade, globalisation, industrialisation, the pursuit of high living standards, unlimited economic growth and every other form of capitalist endeavour have benefited only a small minority, the big players. As far as the vast majority of people around the world are concerned, capitalism has brought loss of livelihood and destruction of their environment. The promise of happiness and high living standards for all is a distant mirage, a mere promise for tomorrow.

Even where money and material goods are plentiful selfishness, greed, competition, crime, violence and frustration prevail. Capitalist societies are left with increasing rates of cancer, obesity, depression and stress.

Capitalism has failed in human terms. But even more drastically capitalism has failed in terms of the natural environment. Capitalism is rapidly destroying soil fertility, biodiversity and the atmosphere. Capitalism founded on the ideology of unlimited economic growth and industrialised mass production is not only unsustainable – it is blatantly harmful.

In the age of ecology even socialism is not enough. It too is anthropocentric, eco-destructive and advocates industrial mass production. It offers an economic system of the old paradigm. Now, if neither socialism nor communism nor capitalism, then what? We need new politics for the new paradigm, a system for the age of ecology, a system which is embedded in the care of people, all people and also in the care of the earth and all life upon it, human life as well as animal life, plant life, earth life, air life and water life. We need a system which replaces our capitalist world view with a naturalist world view, and shifts our society from capitalism to “naturalism”.

Counting money is not enough. Money is not wealth, it is only a measure of wealth, the real wealth is people, communities, cultures, land, forests, rivers. Accountants therefore need to take all these elements into account. The bottom line has to include social and natural loss and gain as well as financial. What kind of future would that be when we have plenty of money but a planet denuded of beauty, wonder and wild? Food, water, trees and land are not mere commodities to be bought and sold for money. They are sacred gifts and we need to develop a sense of reverence towards them.

Satish Kumar is the editor of Resurgence magazine. To find out more visit: http://www.resurgence.org

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Posted by Satish Kumar at August 18, 2005 04:52 PM

Comments

Hello Sathish Kumar,

I agree with your thoughts on the impact Capitalism is having on human life and natural life. I also like your proposal on "naturalism" and "a system for the age of ecology, a system which is embedded in the care of people, all people and also in the care of the earth and all life upon it, human life as well as animal life, plant life, earth life, air life and water life".

Where can we start? How can we lay the seeds for this change?

Venkatesh

I know one organization that you might have a look at in Europe: http://www.findhorn.org
Perhaps you can exchange experiences.

Another site that might be of interest is
http://www.torreao.com (click on the English flag)

Namaste, Mieke

I know one organization that you might have a look at in Europe: http://www.findhorn.org
Perhaps you can exchange experiences.

Another site that might be of interest is
http://www.torreao.com (click on the English flag)

Namaste, Mieke

Hello Satish,

saw you speak at a Charityfocus event a while back.

I feel that it is more the desire and pursuit of
individual gain in separation from others
that takes the form of capitalism that is the
heart of the problem - this underlying intent
can take other forms as well - so the underlying
inner belief in scarcity and separation needs
to be adjusted before we realize forms that
will serve better.

lets ask ourselves - what unifying beliefs
and intentions can we promote in this
new century ?

Hi Satish,
I really agree with you about the shortcomings of Capitalism. In practice is seems to justify any means as a way to make money. And certainly money is not the #I value in life. Can we enlarge our ideas of what wealth truly is? Such as a healthy planet, with clean drinking water, and a return to ecological balance?

I am sure that there are many other values also, but could capitalism still exist with values other that just money? Or would we need an entirely new system?

Who can answer this question.

How is money created?

Assume capitalism is not the best system, what is the option? Socialism, Communism will not work. Dictatorship is a relic of the past, as are benign kings. We can try for some form of governance of the people, but having said that, to save the environment, the population has to reduce. Economics systems will come later. Thats one aspect. The other is that in capitalism, because tourism will get money, there is actually some incentive to keep the rivers flowing, the trees growing and the wildlife alive. Is there an incentive in any other system?

Lot of attack here on capitalism can be described as straw-man argument. For example,
"Counting money is not enough. Money is not wealth, it is only a measure of wealth, the real wealth is people, communities, cultures, land, forests, rivers."

Well, capitalism does not say that counting money is enough.

Also, money is a type of wealth. I am not talking about fiat currency here or bank notes here. Bank notes or currency are nothing but a title or promisery notes. For example, title to a land ownership is not by definition land itself. Thus your point is nothing but a tautology. That's why economists distinguish currency or notes from the underlying money itself. The money is indeed real wealth. For example, if notes backed by gold deposits are in circulation, then note holder will be entitled to real wealth: gold deposit.

Ashish,

Many of your points are discussed in the following book.

We find ourselves in today's mess as a direct result of longstanding American policies..supported by both the American population, as well as most other Industrialized nations population (choices/lifestyle!)

Bush jr. & friends, are only the tip of the iceburg

Confessions of an Economic Hitman
http://www.pbs.org/now/politics/perkins.html


p.s. I just today recieved the following email regarding this book

"Hi

I am ecstatic to report that "Confessions of an Economic Hit Man" has been nominated for the prestigious Quill Literary awards in two categories - "Business" and "Book Of The Year." This should help spread the word even more. I would love to have you vote for it -- and other books you like.

The steps are very easy:

1. Go to

http://www.quillsliteracy.org/nominatingvoting.html

See the green "Vote Now!" sign, at upper right?

Click on that.

2. Now you should see "Welcome To Your Quills Awards Ballot".

Fill in your e-mail address (necessary),

your name (optional), and your zip code (necessary).

After you fill in this stuff, click on "Enter".

3. You enter a several-pages-deep menu of categories and

books. There are around 5 books in each category.

You don't have to vote for a book in each category.

To advance from page to page, click on the "continue" button at the bottom of the page. When you see a book that you'd like to vote for, left-mouse-click in the box (a check mark will appear).

4. Click "Submit" to cast your votes.

Many thanks,

John Perkins"

Right...Communism and Socialism works. Mob Rule works in just one way...creating more mobs until no one is left to pay for the mobs.

Mother Nature runs 'Thangs here on the Planet Earth, and an individual best be tough. People want to come to America for just one reason...Freedom/Capitalism

Right...Communism and Socialism works. Mob Rule works in just one way...creating more mobs until no one is left to pay for the mobs.

Mother Nature runs 'Thangs here on the Planet Earth, and an individual best be tough. People want to come to America for just one reason...Freedom/Capitalism

a thought provoking article,nice to read your views.

Excellent piece of satire. Keep it up.

Of all the critiques of capitalism I have ever read, this one has to be the shallowest.

And when you come down from whatever it is you're smoking, maybe you can write a serious one?


So, you want a system more in tune with nature? Sure, we can have that. Lets just disregard all these unnatural constraints that property and society places on us and get down to serious pillaging and raping (a valid form of intercourse in nature, infact perhaps the only form of intercourse in nature).

Down with capitalism! Lets reunite with the animal kingdom!

On a more serious note, Mr Satish Kumar, Please specify which aspect of capitalism do you disagree with. Is it private property? Is it the system of division of labour facilitated by money? Is it by the power of prinintng money being restricted to an oligarchy? Is it mass production? Is it mass production based on fossil fuels?

Btw. I think you are thinking at some level, that socialism is better than capitalism at environmental stewardship. Pls. compare the environmental records of the US and the USSR. You will find that communism abused land and people like no other system in history.

Imagine a spectrum: pre stone age society at one end, completely automated society at the other end. How far along are we now? (I reckon more than half way).
Imagine for a moment the end-point, the "android economy" where machines can grow, mine, process, build and transport everything we need without human input. How is wealth distributed when there is no labour market? If humans are priced out of the market, then only the traditional owners of wealth have a chance (indeed, they grow fatter exponentially). Rich get richer, poor get poorer.
We are not quite there yet, but as we move closer, generation after generation of labour becomes superfluous to the economy. The fact is, right now we only need 1 person to feed, clothe and entertain 10. Unfortunately, the slack is not being taken up by creative (and productive) pursuits such as research and arts, there is not enough wealth chanelled there.
The capitalists of the West has established superiority largely through exploitation of a few scientists and engineers and many, many foreign resources, both human and natural.
The myth that "there is no alternative" is largely a result of the Cold War propoganda and subsequent hysteria. There are MANY ways of both governing the law, and running the markets and sources of production.
What we need is the same solution that nature has used. Evolution, via social means rather than teeth and claw. Many smallish self-sufficient economies/communities, with agreed common rules (social rules), but independent. Those economies that do things right will grow, those that don't, won't. When a society becomes polarised like the US is right now, then the society can split and avoid inner turmoil.
We have the technology to do this now, but with every continent occupied, there is the problem of the incumbent powers. They will not allow alternatives if it will subsume their wealth.
We need a extremely enlightened Billionaire and artificial islands!

Satish Kumar's Critique of Capitalism was right on the money - no pun intended. Being an American, where capitalism is reveered as the greatest economic system ever, I can truely agree with Satish. In a system where there is no fair distribution of goods and property, where those who have the ability to monopolize and capitilize from others' inability to compete with consistantly rising prices of goods, and a poverty line that leaves citizens incredibly unable to obtain a standard of living that equals that of staunch capitalist proponents, capitalism proves itself to be a resounding failure year after year.

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