neoliberalism

not thinking the human costs

antarchi's picture

The social consequences of structural adjustment [imposed by the WTO] cum agricultural dumping were predictable. According to Oxfam, the number of Africans living on less than a dollar a day more than doubled to 313 million people between 1981 and 2001 – or 46% of the whole continent. The role of structural adjustment in creating poverty, as well as severely weakening the continent’s agricultural base and consolidating import dependency, was hard to deny. As the World Bank’s chief economist for Africa admitted, “We did not think that the human costs of these programs could be so great, and the economic gains would be so slow in coming.”

commodification of the atmosphere

antarchi's picture

The principal mechanism for cutting carbon dioxide emissions is carbon trading, which essentially entails enclosure of the last remaining commons – the carbon absorption capacity of the atmosphere – by allocating property rights to those who are already destroying it. This is none other than a neoliberal extension of commodification of the atmosphere...

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