Tuesday, October 30, 2012

My review of "Occupy World Street"

5 out of 5 Stars.....

This book is a response the Occupy Wall Street and other Occupy movements around the world, where the protestors know there is something wrong, the 1% vs the 99%, most people on the planet, but so far haven't come up with any comprehensive descriptions of the problems or possible solutions, because it is so complex. The author lays most of the blame on neo-liberal economics and related politics, beginning around 1980 with US president Reagan and Britian's Margaret Thatcher - basically complete free-trade and free movement of money with negligible government regulation, resulting in a transference of wealth from public hands and the poor and middle class, into the hands of the wealthy and well-connected. This all represented, in the US, along with, to a degree, Britain, which he calls "The Empire," where what has resulted in a corporatocracy, a form of fascism, where the political system is bought and paid for by large corporations where this capitalism seeks cheap labor and resources from around the world, all the while using up the planet's resources to the point where we are nearing a point of no return where the survival of the world's civilization is at stake unless we change this direction.

What the author claims is that we are going through a paradigm shift from Cartesian/Newtonian physics to Quantum physics at the world level, where the world is a living organism where it isn't "cause and effect" at the world view level, but everything is connected. He offers a possible solution, a Gaian society, led by some small nations and leaders including some wise elders from around the world, to work together with new organizations and local currencies replacing the WTO, IMF and World Bank to work toward a sustainable planet which will change the way we live from from one of greed and accumulating money and material things to one where there is more meaning to our lives.

The book is divided into 6 parts - Planet under siege, Drivers of Destruction, The Empire, New values/New beliefs, Toward a Gaian World Order, Getting There.

Among the things covered are...

1. Global warming (carbon footprint), extinction of species, genetic engineering a risk, antibiotic resistant bacteria, monoculture (industrial farming reduces crop rotation, etc).

2. Corporatocracy is a threat to our civilization because it is overloading our ecosystem as exhibited above, plus overpopulation.

3. Peak oil is mere decades away - tar sand oil and natural gas via fracking use more energy to produce, especially when clean-up costs are included.

4. Tainter's Theory - civilizations solve problems using greater complexity until they become so complex the are overwhelmed by it and collapse.

5. Currently, nations measure progress by GDP, but GDP includes negative things like building of prisons, disaster clean-ups, etc. A more accurate measure GPI (progress)which started declining about 30 years ago.

6. Greater consumption leads to speculative bubbles. Bhutan has a Gross National Happiness Index.

7. Gini Coefficient measures income disparity where societies have shifted to "Greed is good" philosophy which at high levels as it is now, always leads to social and health problems with people rebelling.

8. Beginning in the 80's banks migrated from low risk investments to high risk ones including derivatives, high leverage, Credit Default Swaps, naked derivatives, unrestricted capital flows allowed speculators to get money out of countries fast if bets went bad leaving countries to suffer, front-running to exacerbate trends, repeal of Glass-Steagall, etc.

In sum, a very good look into the problems we face, though the author's solution is more speculative, but a good way to get our discussions started, so we can head in a better direction than we are now going. So, a fine book, even for neo-liberal supporters so that they know what is brewing.

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