Blackspot

Steve Forbes' Deadly Notion

Steve Forbes claims that capitalism will save us.

 

A dangerous idea is floating around the halls of megacorporations. It is seeping into the pages of popular magazines and the minds of sensible folk. If this idea continues to circulate freely, it could spell death for our already unwell natural environment. The deadly notion is that capitalism will save us from an economic collapse.

Steve Forbes clearly articulates this argument in his article "How Capitalism Will Save Us." Forbes argues that as long as people don’t try to hinder capitalists, everything will work out fine.

Underlying Forbes’ logic is nostalgia for a mythic past, one in which capitalism bestowed great gifts on the world. Forbes writes, “Between the early 1980s and 2007 we lived in an economic Golden Age. Never before have so many people advanced so far economically in so short a period of time as they have during the last 25 years.”

What Forbes doesn’t say is that this so-called Golden Age was dependent on the massive, systematic destruction of the natural environment. Capitalists took nature, mixed it with toxins and sold it as disposable garbage to consumers. All in the name of profit. Capitalists can only refer to the last 25 years as a “great time” by ignoring the destruction of the natural environment. We all know the alarming statistics: world biodiversity has declined by almost one third in the past 35 years; twenty-five percent of all mammals now face extinction.

What we are seeing now are capitalists’ desperate attempts to stay on top. As Naomi Klein explains, “today’s preferred method of reshaping the world in the interest of multinational corporations is to systematically exploit the state of fear and disorientation that accompanies moments of great shock and crisis.” The question is, do we have the courage to propose alternative ways to get out of this state of fear?

Micah M. White is a Contributing Editor at Adbusters Magazine and an independent activist. Micah is currently writing a book on the future of activism. He lives in Binghamton, NY with his wife and two cats. www.micahmwhite.com

Adbusters 111 Cover

On Newsstands December 3

At last we’re in Winter. It’s the year 2047. A worn scrapbook from the future arrives in your lap. It offers a stunning global vision, a warning to the next generations, a repository of practical wisdom, and an invaluable roadmap which you need to navigate the dark times, and the opportunities, which lie ahead.

Subscribe to Adbusters Magazine

78 comments on the article “Steve Forbes' Deadly Notion”

Displaying 41 - 50 of 78

Page 5 of 8

PITT

If we are truly to enter a golden age we have to deregulate our economy. Separation of economy and state is necessary for the same reasons as the separation of church and state. The only powers the federal government should have are to protect the country from foreign enemies and to facilitate trade between the states (provinces). Two examples: All schools should be privatized and income tax should be eliminated. These two things alone would raise the standard of living dramatically.

PITT

If we are truly to enter a golden age we have to deregulate our economy. Separation of economy and state is necessary for the same reasons as the separation of church and state. The only powers the federal government should have are to protect the country from foreign enemies and to facilitate trade between the states (provinces). Two examples: All schools should be privatized and income tax should be eliminated. These two things alone would raise the standard of living dramatically.

Anonymous

raise the standard of living for the top 0.1% of the population maybe while they rape everyone below them and the environment. The golden age forbes talks about only exists because of oil the production of which peaked during the said golden age. We will run out of oil in the next 60 years and then all these moronic growth economists and neoliberal economists will be tarred and feathered by everyone they screwed over (aka everyone who has survived the famines and resource wars).

Anonymous

raise the standard of living for the top 0.1% of the population maybe while they rape everyone below them and the environment. The golden age forbes talks about only exists because of oil the production of which peaked during the said golden age. We will run out of oil in the next 60 years and then all these moronic growth economists and neoliberal economists will be tarred and feathered by everyone they screwed over (aka everyone who has survived the famines and resource wars).

I am so wise

Two examples: All schools should be privatized and income tax should be eliminated. We tried that and it did not work all that well. Also why allow the feds to facilitate the trade between states? Let them do themselves.

I am so wise

Two examples: All schools should be privatized and income tax should be eliminated. We tried that and it did not work all that well. Also why allow the feds to facilitate the trade between states? Let them do themselves.

Pages

Add a new comment

Comments are closed.