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Book Review: Occupy World Street
jsuda writes "For those billions of people for whom the current political-economic system doesn't work–the Occupy Wall Street people, the Tea Partiers, the 99%-ers and have-nots, the middle and lower classes, and the rest of the unwashed masses, Occupy World Street is a starburst of enlightenment and a practical vision of hope for a new and advanced society." Read on for jsuda's review
Occupy World Street: A Global Roadmap for Radical Economic and Political Reform
author
Ross Jackson
pages
336
publisher
Chelsea Green Publishing
rating
9/10
reviewer
jsuda
ISBN
1603583882
summary
shows how a handful of small nations could take on a leadership role; create new alliances, new governance, and new global institutions; and, in cooperation with grassroots activists, pave the way for other nations to follow suit.
The book is subtitled appropriately "A Global Roadmap for Radical Economic and Political Order." It functions in a substantial way as the missing "content" for the Occupy Wall Street movement people who know that global capitalism and its political elite are screwing the middle and lower classes and the world environment but don't know exactly how they are doing it and how to change things. The book provides an unusually lucid analysis of the American political-economic system which should make clear to the Tea Partiers what their real targets of rage should be (it's not merely the Democrats nor the federal government.) Nearly everyone else who wants a "big picture" comprehensive analysis of the global economic system will be educated by this book.
The author, Ross Jackson, identifies who and what is responsible for the 2008 financial meltdown and many other problems in society. Most prominent are a seriously-flawed "neo-liberal economic philosophy" and the political-elite class which sponsors that philosophy for self-interested reasons at the expense of the rest of us. Jackson makes clear that economic philosophical theory is not value free and is class politics in disguise. But way more importantly than the mere class versus class struggle, the neo-liberal economic philosophy has created severe energy and environmental problems which are almost certain to lead soon to major economic and political disruptions affecting the entire globe.
The author's main perspective is as an environmentalist; he utilizes a systems approach of an overarching environmental model where the global environment is a closed, finite system and the economic, political, and other topics are subsystems of the whole. The book explains (in six parts and 17 chapters) how and why our existing economic model is failing and will create environmental, economic, and political chaos unless it is replaced soon with an economic model emphasizing "sustainability" and "development" versus simple "unlimited growth." Jackson explains in the second half of the book what we can do about it, hopefully before it's too late for future generations to have a chance for civilized life.
I have never heard before of Mr.Jackson, but he is bound to be (or at least should be) hailed as a top-notch public intellectual. He is a brilliant analyst of global economics, politics, and environmental matters; and a clever synthesist of the relevant economics, politics, philosophy, environmental science, psychology, sociology, history, physics, and biology, which apply to his examination.
He has an unusually broad and diverse background as a global currency trader, executive of a nonprofit environmental organization, software designer and businessman, and degrees in engineering physics, industrial management, and operations research. This may explain, in part, his ability to see major categories of human life with such a wide lens while also being able to analyze the subcategories and the factual data.
Part One explains the scientific and economic reasons why the neo-liberal approach of unending growth is unsustainable and a lie. It is a lie because it implies, at least, that everyone has a chance ultimately to achieve the high level of consumption of the successful capitalists and that the high consumption gravy train will go on forever. He uses biological, environmental, and mathematical data to show that the neo-liberal assumption of infinite natural capital has already resulted in net deficits of global energy resources, and that the world (and the neo-liberal economic system) will end frightfully unless we reduce population, give up the idea of "more of everything is better," redesign and downsize our economies, use less fossil energies, and emphasize sustainability.
The next two parts explain the politics and human factors which drive the irrational economic policies. He goes into good detail about historical economic theory from the mercantile period, to the classical free trade period, to our existing neo-liberal period. He clearly explains how and why the 2008 financial crisis occurred and why it is likely to repeat itself, and how the current debt crisis in Europe (and elsewhere) happened and why the European Union is not equipped even now to successfully deal with it. Any effort to address it (using the existing neo-liberal strategies) will be temporary and the crises will deepen.
His discussions on the neo-liberal insistence on a deregulated economic environment, free flow of global capital, and the use of exotic financial instruments and transactions, especially naked short sales, are the clearest I've read about how these elements de-stabilized the global economy. They will continue to do so as long as those who (very lucratively) benefit from them (the political elite) insist upon them regardless of the consequences to hapless small nations and their economies, small businesses, and people like you and me. He thoroughly and lucidly explains how this political-economic philosophy destroys real democracy, including in America. What we have, he says, is a corporatocracy which dominates much of political and social life through the forces of wealth and ideology.
Mr. Jackson is also a political-economic visionary of the highest order as shown in the second half of the book by his "break away" strategy where he sets out his alternative environmentalist paradigm. It is a new worldview emphasizing the finite reality of our natural resources, especially energy ones, and how we should alter much of what we do to comply with that reality. He argues for a new set of social values harmonious with a holistic sense of people and nature being part of one "system." The values of that system include smallness, localization, quality versus quantity, interrelationships, and long-term perspectives.
These values are organized into a moderately sophisticated set of new global political and economic institutions modeled much like the European Union but emphasizing environmental issues and designed to satisfy long-term environmental needs. This process will also lead to enhancing of true human values in the political sphere, especially in more effective democracies.
The "breaking away" strategy starts with small nation states building a new economic paradigm based upon the environmental perspective, rejecting the flawed and elitist global institutions we have now (the WTO, World Bank, and the International Monetary Fund), and even developing new currency systems. The nation states will be supported by a grassroots activist movement which will create local eco-communities and more self-reliant economies while lobbying existing political powers to get on board with the new paradigm. The measurements of success will not be GNP or GDP but the broader-based measures of social happiness and human rights. (Take the case of the nation of Bhutan which measures its activity by a standard called "Gross National Happiness Index.")
The parts of the book explaining the roles of the neo-liberal economic philosophy and the political elite are solidly presented and not really new. The program of change he proposes, however, is new and intellectually sound. Being intellectually sound, however, is not sufficient to affect change. There is a gap, it seems, between the ideas and what is necessary to activate people at the grassroots level. Relatively few people in reality will even read this book. The ideas need to be connected to "street-level" understandings, perhaps tied to basic human values of respect and dignity. The roadmap proposed here, Mr. Jackson acknowledges, needs much more development.
You can purchase Occupy World Street: A Global Roadmap for Radical Economic and Political Reform from amazon.com. Slashdot welcomes readers' book reviews -- to see your own review here, read the book review guidelines, then visit the submission page.
The author, Ross Jackson, identifies who and what is responsible for the 2008 financial meltdown and many other problems in society. Most prominent are a seriously-flawed "neo-liberal economic philosophy" and the political-elite class which sponsors that philosophy for self-interested reasons at the expense of the rest of us. Jackson makes clear that economic philosophical theory is not value free and is class politics in disguise. But way more importantly than the mere class versus class struggle, the neo-liberal economic philosophy has created severe energy and environmental problems which are almost certain to lead soon to major economic and political disruptions affecting the entire globe.
The author's main perspective is as an environmentalist; he utilizes a systems approach of an overarching environmental model where the global environment is a closed, finite system and the economic, political, and other topics are subsystems of the whole. The book explains (in six parts and 17 chapters) how and why our existing economic model is failing and will create environmental, economic, and political chaos unless it is replaced soon with an economic model emphasizing "sustainability" and "development" versus simple "unlimited growth." Jackson explains in the second half of the book what we can do about it, hopefully before it's too late for future generations to have a chance for civilized life.
I have never heard before of Mr.Jackson, but he is bound to be (or at least should be) hailed as a top-notch public intellectual. He is a brilliant analyst of global economics, politics, and environmental matters; and a clever synthesist of the relevant economics, politics, philosophy, environmental science, psychology, sociology, history, physics, and biology, which apply to his examination.
He has an unusually broad and diverse background as a global currency trader, executive of a nonprofit environmental organization, software designer and businessman, and degrees in engineering physics, industrial management, and operations research. This may explain, in part, his ability to see major categories of human life with such a wide lens while also being able to analyze the subcategories and the factual data.
Part One explains the scientific and economic reasons why the neo-liberal approach of unending growth is unsustainable and a lie. It is a lie because it implies, at least, that everyone has a chance ultimately to achieve the high level of consumption of the successful capitalists and that the high consumption gravy train will go on forever. He uses biological, environmental, and mathematical data to show that the neo-liberal assumption of infinite natural capital has already resulted in net deficits of global energy resources, and that the world (and the neo-liberal economic system) will end frightfully unless we reduce population, give up the idea of "more of everything is better," redesign and downsize our economies, use less fossil energies, and emphasize sustainability.
The next two parts explain the politics and human factors which drive the irrational economic policies. He goes into good detail about historical economic theory from the mercantile period, to the classical free trade period, to our existing neo-liberal period. He clearly explains how and why the 2008 financial crisis occurred and why it is likely to repeat itself, and how the current debt crisis in Europe (and elsewhere) happened and why the European Union is not equipped even now to successfully deal with it. Any effort to address it (using the existing neo-liberal strategies) will be temporary and the crises will deepen.
His discussions on the neo-liberal insistence on a deregulated economic environment, free flow of global capital, and the use of exotic financial instruments and transactions, especially naked short sales, are the clearest I've read about how these elements de-stabilized the global economy. They will continue to do so as long as those who (very lucratively) benefit from them (the political elite) insist upon them regardless of the consequences to hapless small nations and their economies, small businesses, and people like you and me. He thoroughly and lucidly explains how this political-economic philosophy destroys real democracy, including in America. What we have, he says, is a corporatocracy which dominates much of political and social life through the forces of wealth and ideology.
Mr. Jackson is also a political-economic visionary of the highest order as shown in the second half of the book by his "break away" strategy where he sets out his alternative environmentalist paradigm. It is a new worldview emphasizing the finite reality of our natural resources, especially energy ones, and how we should alter much of what we do to comply with that reality. He argues for a new set of social values harmonious with a holistic sense of people and nature being part of one "system." The values of that system include smallness, localization, quality versus quantity, interrelationships, and long-term perspectives.
These values are organized into a moderately sophisticated set of new global political and economic institutions modeled much like the European Union but emphasizing environmental issues and designed to satisfy long-term environmental needs. This process will also lead to enhancing of true human values in the political sphere, especially in more effective democracies.
The "breaking away" strategy starts with small nation states building a new economic paradigm based upon the environmental perspective, rejecting the flawed and elitist global institutions we have now (the WTO, World Bank, and the International Monetary Fund), and even developing new currency systems. The nation states will be supported by a grassroots activist movement which will create local eco-communities and more self-reliant economies while lobbying existing political powers to get on board with the new paradigm. The measurements of success will not be GNP or GDP but the broader-based measures of social happiness and human rights. (Take the case of the nation of Bhutan which measures its activity by a standard called "Gross National Happiness Index.")
The parts of the book explaining the roles of the neo-liberal economic philosophy and the political elite are solidly presented and not really new. The program of change he proposes, however, is new and intellectually sound. Being intellectually sound, however, is not sufficient to affect change. There is a gap, it seems, between the ideas and what is necessary to activate people at the grassroots level. Relatively few people in reality will even read this book. The ideas need to be connected to "street-level" understandings, perhaps tied to basic human values of respect and dignity. The roadmap proposed here, Mr. Jackson acknowledges, needs much more development.
You can purchase Occupy World Street: A Global Roadmap for Radical Economic and Political Reform from amazon.com. Slashdot welcomes readers' book reviews -- to see your own review here, read the book review guidelines, then visit the submission page.
Does the book go into the fact that OWS was a smokescreen to blame private corporations for the results of government misregulation for the aid of the Obama re-election campaign?
If you honestly believe the de-regulation of private business (that subsequently led to multiple economic implosions) has only been going on as long as Obama has been president, you haven't been paying attention.
An enigma, wrapped in a riddle, shrouded in bacon and cheese
Do some research into the relationship between the SEC and the banks they are supposed to regulate, then get back to me.
Matt Taibbi's blog is a good place to start.
An enigma, wrapped in a riddle, shrouded in bacon and cheese
And now you're getting jobs and economic stability and mandated health care. The US is still a little uneven, but Christ man, look across the pond, where Europe can't even begin to right the boat. Besides, considering how health care continues to eat more US GDP than even the most socialized industrialized nation, you would think it might actually be an improvement.
This is what I mean by extreme partisanship. It fogs the mind, prevents someone from viewing a policy on its merits. It simply becomes "fuck that, I want this", even if the "this" is probably impossible, whereas the "that" is at least something can be done.
The world's burning. Moped Jesus spotted on I50. Details at 11.
I would suggest, based on your grammatical skills, that the problem lies not with the market but with you.
I lost my job in the recession. I make over 150% of what I was making in 2009.
---
ECHELON is a government program to find words like bomb, jihad, plutonium, assassinate, and anarchy.
Just help me figure out what is actually useful.
Cut regulation, cut spending, cut taxes.
Obvious and simple, but politically impossible.
Just to add: mandatory insurance allowed additional people to be insured that weren't before. That is something on a lot of people's list at the time:
http://en.wikipedia.org/wiki/Public_opinion_on_health_care_reform_in_the_United_States#Polling_results_pre-2008
pre-2008 polls say:
95% said that it is a serious problem that many Americans do not have health insurance
64% said that the federal government should guarantee health insurance for all Americans
60% would pay higher taxes to do so.
But only 43% said that it would be fair for the government in Washington to require all Americans to participate in a national health care plan funded by taxpayers, compared to 48% who said it would be unfair.
That last one is worded differently from what happened, so actually doesn't disprove my point. If they worded it, "require Americans who can afford cheaper insurance from private companies to purchase it", then the numbers would have been more favorable.
> free condom cover
I'm guessing you meant women's contraception. Big difference, although both save this country a lot of money and stress.
It should be pointed out that the people who downgraded US debt are the same who rated those subprime securitized bonds AAA.
Weird. Last I looked 'unemployment' was going down, but so was the number of Americans with jobs.
Well either you're imagining it, or it's somewhat more than a year ago that you looked. Because the number of people in employment has been consistently rising for at least the last year.
http://www.bls.gov/news.release/empsit.nr0.htm
Amazingly, jobness is also at a 4 year low (number of people who have jobs)
Is it fuck. Number of people who have jobs has been rising for at least a year.
http://www.bls.gov/news.release/empsit.nr0.htm
Amazing what statistics you can come up with when
Amazing what statistics you can come up with when you talk out of your ass. And I mean you.