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\u201cThe great struggles of the twentieth century between liberty and totalitarianism ended with a decisive victory for the forces of freedom\u2014and a single sustainable model for national success: freedom, democracy, and free enterprise. In the twenty-first century, only nations that share a commitment to protecting basic human rights and guaranteeing political and economic freedom will be able to unleash the potential of their people and assure their future prosperity.\u201d Written in 2002 by the American council of the National Security Strategy under the leadership of then president George W. Bush, this self-satisfaction belongs to a bygone era. Capitalism \u2013 narrowly surviving the multiple crisis from 2001 which left it fatally wounded \u2013, Western capitalism is in its final phase as its infected wounds splutter out inequality, social unrest and colossal debt. The triumphalism of the early 1990s that saw the sacred American capitalist standard appointed as supreme moral leader is far removed from today\u2019s reality!<\/p>\n
Everything seemed to have started so well though. Wasn\u2019t democracy supposed to be in some way a natural consequence of Russia and China\u2019s embrace of capitalism? Milton Friedman \u2013 who asserted that a society that favours income equality over freedom \u201cwill end up with neither\u201d \u2013 is now completely outmoded since our freedom only has a functional value left for us, at best a driver allowing us to reach material objectives. Our defense of liberties \u2013 of Freedom \u2013 seems barely credible as we surrender it to corporate and banking profits, gargantuan institutions that continually impose their diktats on us. How might we prevail with these humanist values? But how can we be taken seriously in our efforts to impose the concept of human rights on other nations when \u2013 under the guise of this same freedom \u2013 a tiny minority on our side of the fence is amassing excessive wealth and power all for itself? With such a backdrop, it is much easier to imagine the end of capitalism.<\/p>\n
After all, no social system has lasted forever, and even less likely to do so is an order as intrinsically unstable as capitalism. The question is therefore not so much whether capitalism is going to collapse and disappear, but rather what will replace it in a world \u2013 the world of tomorrow! \u2013 where human labour will no longer be a necessity. However, no one \u2013 and definitely not politicians \u2013 is ruminating over or taking charge of the social model that we wish to organise for our immediate future. Will it be a society in which individuals will have the possibility (if they so desire) of freeing themselves from work? A society offering access to medical care, housing and adequate income to everyone, even without having to work? Or will it be a hierarchised order in which an elite will dominate the masses while exerting strict control over access to resources and goods? In other words, will the lightning-speed progress of science and technology be used in service of individual freedom and our collective quality of life? Or will economic and financial domination tighten its grip and end up enslaving the masses to its imperious requirements of competition and profit?<\/p>\n
It\u2019s called oligarchisation, or capitalism between consenting adults.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cThe great struggles of the twentieth century between liberty and totalitarianism ended with a decisive victory for the forces of freedom\u2014and a single sustainable model for national success: freedom, democracy, and free enterprise. In the twenty-first century, only nations that share a commitment to protecting basic human rights and guaranteeing political and economic freedom…<\/p>\n","protected":false},"author":4,"featured_media":22311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[648941282],"tags":[],"class_list":["post-22315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capitalism"],"yoast_head":"\n