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GLOBALISATION - A DISASTER FOR ALL HUMANITY - The Epoch Times 24th June 2008 By Richard Hill & Nick Rose

Sat, 06/28/2008 - 23:49 — Arthur Cristian

GLOBALISATION - A DISASTER FOR ALL HUMANITY
From The Epoch Times Jun 24, 2008
By Richard Hill & Nick Rose

For years it's been said that globalization has a so-called dark underbelly. It has, but the question now is whether the rest of it is in any better shape.

There are no clearer signs of the terminal moral, social, and economic bankruptcy of the globalized "free market" than the unfolding global credit and food crises. Both are the product of a systemic financial logic that rewards unconstrained speculation, irrespective of the social costs.

Most of the world now faces a prolonged recession with all its associated hardships, beginning with increasing unemployment, falling house prices, and mortgage foreclosures.

The credit crisis has been brought about in large measure by the predatory and fraudulent lending practices of mortgage brokers in the United States, who in turn have been egged on by the financial whiz-kids of the major banks and investment firms, all eager to get their share of the multimillion-dollar bonuses from the real estate bubble.

The collapse of the sub-prime market in the United States along with the demise of several U.S. and British financial institutions are threatening a return to 1970s-style "stagflation," and some commentators even draw parallels with the Great Depression of the 1930s.

While multibillion-dollar rescue packages are mounted with dizzying speed for investment banks such as Bear Stearns, those on the lower rungs of the socioeconomic ladder are told to "tighten their belts" and reduce their expectations.

Equally, the commodification of food—that is, its trading as a means of generating profits rather than an end in itself—means that it too has been the subject of futures speculation, which helped produce fabulous earnings for hedge fund managers like John Paulson and George Soros, who pocketed US$3.7 billion and US$2.9 billion respectively in 2007 from speculation on the global credit and commodities markets.

Of course many other factors are involved in this escalating "food crisis": drought and floods, increased demand for meat from China and India, exponential oil price rises leading to higher costs of chemical inputs and transport, and the diversion of vast grain acreages into feedstock for biofuels.

Despite all the posturing of Western governments, international financial institutions, and the odd rock star, it is the world's poor who continue to bear the brunt of the food crises.
While people in the West face the prospect of limits being imposed on their rice purchases (as has already occurred in the United States and Britain), those in poorer nations face a far more grim reality: starvation.

Despite all the posturing of Western governments, international financial institutions, and the odd rock star, it is the world's poor who continue to bear the brunt of the food crises.

In the very short term, the U.N.'s World Food Program estimates that as a result of sky-rocketing grain prices, more than 100 million people face the prospect of hunger and extreme poverty in addition to the 860 million who already go to bed each night undernourished.

The bottom line, however, is that there is enough food in the world to feed everyone; the total grain production for 2007 of 2.3 billion tons is actually a 4 percent increase on 2006. At stake here is the equity of food distribution and how the financial markets operate to price basic grains beyond the reach of the most vulnerable billion people in the world, most of whom are already food insecure.

This issue is hardly new. As for food equity, campaigners have argued that food insecurity is the result of decades of economic and trade liberalization policies imposed by the industrialized world, its banks and its global governance institutions.

These policies were always cynically hypocritical since the United States and the European Union continued to hand out multibillion-dollar subsidies to their own farmers, allowing them to destroy the grain producing capacities of developing nations through the dumping of cheap exports.

Dozens of poorer countries like Haiti, Sierra Leone, and the Philippines lost the capacity to feed themselves through the combined effects of such practices, together with "conditionalities" attached to IMF loans that forced them to remove all tariffs. Now their impoverished populations are desperate, angry, and rioting.

The very least we can now expect from our governments and members of the super-rich club is that they act decisively to provide sufficient food aid to avoid a looming global famine, without attaching the usual strings of liberalization.

However, this can only be the bare minimum that decency demands. A fundamental issue is whether basic grains—the very source of sustenance for millions of people—can continue to be regarded as any other commodity; whether billionaires can continue to enrich themselves by condemning millions to eat, quite literally, dirt as is now occurring in Haiti's slums.

The stability of any system that produces such obscenities is in serious doubt, for two principal reasons. In the first place, these inequities are stripping globalized capitalism of its remaining popular legitimacy and prospects of survival.

Second, the global economy's fragile dependency on endless supplies of cheap energy inputs is rapidly confronting the hard reality of the world's geological limits. The price of a barrel of oil has risen 40 percent since the start of the year, and 400 percent since 2003.

As we saw in the 1970s, the global economy cannot withstand that sort of energy inflation. This is a major reason why those ahead of the curve on sustainability are putting their energies into community gardens and local food systems.

Richard Hill is Senior Lecturer in the School of Arts and Social Sciences at Southern Cross University, New South Wales.

forwarded by Bob Vinnicombe
Publicity Officer
One Nation (NSW Division)

Link to this article: http://en.epochtimes.com/news/8-6-24/72347.html

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Note: Updated Wednesday 17th June 2009 8.00pm Sydney Time. Love For Life does not support harm doing in any shape or form. However, we are supporters of free speech and post articles, documentaries, etc, that represent a wide cross section of ideas. See the Love For Life extensive research library where over 6000 documents, articles and videos are posted: http://loveforlife.com.au/issues. We clearly see the evidence of the destruction to MAN and the earth that has been caused by ALL religions over the centuries and are therefore not supporters of religions, cults, sects or any group that demands conformity of thought, speech or action, or has rules, regulations or rituals that must be followed. Religions, nationalities and cultural "identities" are formed as a result of the brainwashing we receive from childhood. They are part of the tactics the Establishment uses to keep us all divided from one another and fighting one another.

All religions promote discrimination and division, leading to hatred and even violence and murder. None of them have yet to produce a remedy to all the suffering, poverty, unhappiness and discrimination in the world. If any religion truly had the remedy to all the suffering on earth, there would no longer be any suffering. What have Christianity, Islam, Buddhism, Hinduism, Judaism, atheism and the New Age done to end the suffering in the world?

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We have been accused of being anti - Jewish because we had posted an excerpt from James von Brun's book: Kill the Best Gentiles! http://loveforlife.com.au/node/6054 in which he blames Jews for the problems of the world. Obviously this is not our view because of what we have stated above. We do not hate anyone, whatever religion they follow. We are always open to talk to any religious leader or politician and meet with any judge, member of the Bar, experts, academics, educators etc to share the remedy we offer that heals all the divisions between MAN and MAN, and MAN and the EARTH.

Today, a representative of the New South Wales Jewish Board of Deputies is threatening to close the website down, because they have decided it is anti - Jewish and that we promote racism. What has the New South Wales Jewish Board of Deputies done to end the suffering in the world? Can they show that they are concerned with the suffering of ALL men, women and children AND ARE SEEN TO BE DOING SOMETHING ABOUT IT or are they only concerned with Jewish affairs? If so, they, along with all the other religions that only care for their own, are part of the problem, not part of the solution. The man who rang Arthur today was only concerned with Jewish affairs; he was not interested in our intentions or in anybody else, just as most Christians, Muslims, Sikhs, Catholics, etc, are only interested in their own. While we separate ourselves into groups, dividing ourselves from others with rules, regulations, rituals, procedures and conditions, we will never solve our problems.

No matter what we in the Western World Civilisation of Commerce have been promised by our politicians, religious leaders, scientists, educators, philosophers, etc, for the past two hundred years, all we have seen is ever-increasing destruction of men, women and children and the earth. None of the so-called experts and leaders we have been taught to rely on are coming up with a solution and none of them are taking full-responsibility for the fact that they can't handle the problem. All religious books talk about end times full of destruction and suffering but why do we have to follow this program when there is an alternative to hatred, mayhem and death? Why are our leaders following the program of destruction and death rather than exploring the alternatives? It seems that any mainstream politician, priest or academic are only interested in supporting the RULES OF THE DIVIDE, that maintain the haves and the have nots. For 200+ years, 99% of the world population have been so trained to pass on their responsibility for themselves, others and the earth, that the 1% of the population that make up the leaders of the rest of us are making all the decisions leading to the destruction of all of us and the earth. Let's not forget the education system that brainwashes the 99% of the population that we are free and have equal rights while, in fact, we are feathering the nests of those at the top.

At the root of all our problems is self-centredness, an unwillingness nurtured by the Establishment that keeps us concerned only with our own needs rather than the needs of others around us and the Earth. Instead of creating and releasing acts of love for those around us as gifts to benefit them and the earth, we take, take and take, until there is nothing left. The whole point of the Love for Life website is to show people the root of all our problems and to share the remedy. The extensive research library is there to attract browsers and to provide access to information not available through mainstream channels. If the New South Wales Jewish Board of Deputies can, after careful examination of our work, prove that anything we are saying is wrong, we will be happy to accept their proof. If they cannot, and they are still insistent on closing the website down, they will be showing themselves to be traitors to MAN because they are not interested in pursuing any avenue that can end the suffering in the world.

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Conscious Love Always
Arthur and Fiona Cristian
Love For Life
17th June 2009