The crisis of the ideology of neoliberal globalization*
It is generally recognized today that globalization goes through its most serious crisis since it developed into the present New World Order (NWO) of neoliberal globalization at the end of the 20th century, as even the flagship of globalist ‘Left’ admitted very recently reflecting the views of multinational corporations’ chief executives. I am talking of course about neoliberal globalization because a capitalist globalization can only be neoliberal, as it implies open and ‘liberalized’ markets for capital, labor, goods and services—the infamous ‘four freedoms’ of the EU Maastricht Treaty.
Given the prevailing research interest on the transition from anti- to alter- globalization, this paper examines where the World Social Forum is situated in the spectrum of movements against neo-liberal globalization. I argue that the progression of the anti/alter-globalization movements, while not linear or mutually-exclusive, can be traced along a continuum, marking the transition from condemnation, to advocating for change, to articulating means by which such change can be brought about.
Ursula Huws is the author of The Making of a Cybertariat: Real Work in a Virtual World, and the founder and editor of the journal Work Organisation, Labour and Globalisation. The director of Analytica Social and Economic Research and honorary Professor of International Labour Studies at London Metropolitan University, she is renowned for her pioneering research on the economic and social impacts of technological change, the telemediated relocation of employment and the changing international division of labour, especially in the global service sector.
Martin Sanchez, Consul General of Venezuela in San Francisco and Debra Evenson author of “Law and Society in Contemporary Cuba” speaking at the workshop “What Difference Does a Revolution Make in a Global Economic Meltdown?” held October 16, 2009 at the National Lawyers Guild Law of the People 2009 Convention in Seattle.
Jomo Kwame Sundaram, better known as Jomo KS, is a prominent Malaysian economist, who is currently serving as the United Nations Assistant Secretary-General for Economic Development in the United Nations Department of Economic and Social Affairs (DESA). He was also the founder chair of International Development Economics Associates (IDEAs), and sat on the Board of the United Nations Research Institute For Social Development (UNRISD), Geneva. Jomo is a leading scholar and expert on the political economy of development, especially in Southeast Asia, who has authored over 35 monographs, edited over 50 books and translated 12 volumes besides writing many academic papers and articles for the media.He is on the editorial boards of several learned journals. In 2007, he was awarded the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought.
“The current market jitters are centred on disturbances in the world’s credit markets. Worries about the viability of sub-prime mortgage lending have spread around the financial system, and the central banks have been forced to pump in billions of dollars to oil the wheels of lending.” — ‘Financial crises: Lessons from history’, Analysis By Steve Schifferes Economics reporter, BBC News