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The greatest political debate of our time is about the blind rush towards a single global economy, its consequences for jobs, democracy, human well-being and cultural diversity, and its impact on the natural world that sustains us. Its effects will be profound and irreversible, but globalization itself is not inevitable. In The Case Against the Global Economy, 24 leading economic, agricultural, cultural and environmental authorities, drawn from across the world, argue that free trade and economic globalization are producing exactly the opposite results to those promised. From a detailed analysis of the new global economy, its structures and its full social and ecological implications, they show how it is undermining our liberty, our security and our well-being, and is devastating the planet. First published in the USA in 1996, in an edition focused on North America, the book won the American Political Science Association award for the Best Book in Ecological and Transformational Politics. This completely revised and updated international edition presents a passionate and persuasive case for the need to reverse course, away from globalization and towards a revitalized democracy, local self-sufficiency and ecological health
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The Case Against the Global Economy And for a Turn Towards Localization Edited by Edward Goldsmith and Jerry Mander 2 First published by Earthscan in the UK in 2001 For a full list of Earthscan publications please contact: Earthscan 2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN 711 Third Avenue, New York, NY, 10017, USA Earthscan is an imprint of the Taylor & Francis Group, an informa business Copyright © Edward Goldsmith and Jerry Mander, 2001. Published by Taylor & Francis. All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. Notices: Practitioners and researchers must always rely on their own experience and knowledge in evaluating and using any information, methods, compounds, or experiments described herein. In using such information or methods they should be mindful of their own safety and the safety of others, including parties for whom they have a professional responsibility. 3 Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe. A catalogue record for this book is available from the British Library ISBN-13: 978-1-853-83742-5 (pbk) 4 Contents Acknowledgements Acronyms and abbreviations Introduction: Facing the Rising Tide PART 1 ENGINES OF GLOBALIZATION 1 Development as Colonialism Edward Goldsmith 2 The Failure of Bretton Woods David Korten 3 Technologies of Globalization Jerry Mander 4 Electronic Money and the Casino Economy Richard Barnet and John Cavanagh 5 Mechanisms of Corporate Rule Tony Clarke 6 The Rules of Corporate Behaviour Jerry Mander 7 Monsanto: A Profile Arrogance Brian Tokar of Corporate 8 The Wal-Martians Have Landed Andrew Rowell 9 Free Trade: The Great Destroyer David Morris PART 2 IMPACTS OF GLOBALIZATION 10 Structural Adjustment Programmes 11 Jurassic Fund Walden Bello Walden Bello 12 Seeds of Exploitation: Free Trade Zones in the Global Economy Alexander Goldsmith 5 13 The Global Economy World Martin Khor and the Developing 14 The Pressure to Moderniz