Globalisation and The Death of Democracy

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One of the aims of globalisation was to separate politics from economics, and yet in practice it has merely reduced the political to a slave-status, servicing the dictatorship of the global marketplace. The Economy, the economic world and its institutions, are not chosen by the people – the polis is for politics. Given free rein, the market will transcend politics, creating its own cultures that are totally at the mercy of Wealth. The creation of global, macro-economics is, therefore, an immaculate fraud against democracy and freedom. The logic of the fraud being that: in order to create a firm and unquestionable dictatorship, the people should firstly be given the illusion of democracy by allowing them to vote for their local and state governments while, at the same time, shackling those same governments to the dictates of the world market place. As such, no matter who the people elect for their governors, it can have no effect on the will of the market. What pushes wealth unto the wealthy is the economy, not the parliaments, and the polis are never asked to vote for any of globalisation’s economic institutions, even though the World Bank and the IMF are the real forces shaping our lives.

Without control of the economy, the life-blood of the State (money) is also pushed out of the realm of political control. The politicians try to put on a brave face, but even the neo-liberal parties are made to look like helpless buffoons before their electorates when the power that really runs the economy (Wealth) decides to get tough and make sure everything is flowing completely in its own favour. Local anger is vented at the local government – the economic regime is too abstract, or too distant. After all, how can it govern us if we didn’t vote for it?

Democracy melts away. There is no democracy at all. We didn’t vote for those who make decisions now. We all live in one huge global dictatorship.

It does not matter what the international financing institutions do or might do, whatever is done is carried out without any democratic mandate. Yet, they can do whatever they like. And though they may assure themselves that they are acting responsibly they are still acting without our blessings, and operating behind our backs.

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One thought on “Globalisation and The Death of Democracy

  1. Thanks for your thoughtful post, which I enjoyed reading. There is definitely some incompatibility between national democracy and globalization. With any change propagated by economic forces there tend to be winners and losers, making economics political. Mainstream economists usually say that in theory the losers can be compensated to some degree through the tax system, for example when an industry goes into decline and jobs are lost, while newer industries grow in a different region, creating new jobs for others. In practice, the compensation does not seem to happen to a sufficient degree; in the 1980s in the UK, many former industrial workers never worked again.

    Globalization is also not inevitable. It was encouraged through the policies of national governments, both alone and in cooperation. There was a period of ‘globalization’ in the late 19th/early 20th century, which culminated in two wars sandwiching the Great Depression, all of which slowed much of the trade and investment which had flowed around the world. So the current wave could stall too. We have had a Great Recession; hopefully we will not have global wars this time around, but we are not out of the woods yet. Global growth is currently slowing and so is international trade. We have potentially unsettling migration flows due to regional conflicts.

    The cooperation between governments which is necessary to resolve major international problems seems only to happen in times of crisis. Otherwise there is no incentive to bang heads together and focus minds.

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