Resources: Economics and finance

The “carbon market” approach of international agreements to tackle climate change is incoherent. No one knows how to value the goods in this market, nor to whom they belong. As a result, the market, backed by a growing, well-funded, global climate technocracy, will subsidise further climate change. Democratic challenges to this “carbocracy” will be crucial in opening up the climate debate and combating the scientific fraudulence now rife in mainstream discussions.

“Ethnic cleansing” was the term the world adopted in the early 1990s for a process in Bosnia through which non-Serbian people -- Muslims or Croats -- were forced to flee from land deemed to be Serb by Serbian authorities -- and killed if they did not. Yet before the war, Bosnia was not Serb or Muslim or Croat but multicultural. Various international schemes to end the violence only encouraged it because they relied on neat conceptual divisions among “ethnic identities” that did not correspond to lived reality.

Growing corrpution throughout the world has resulted from the rapid privatisation of public enterprises. Multinationals, supported by Western governments and their agencies, are engaging in corruption on a vast scale in North and South alike. Donor governments and multilateral agencies such as the World Bank and International Monetary Fund frequently put forward ‘good governance’ agendas to combat corruption, but their other actions send different signals about where their priorites lie.

The intersections between international nature conservation and ethnic politics are of serious and growing concern to many social movements in Southeast Asia. This paper offers evidence that international environmentalist practices interact with local and national conditions to advance the structural work of ethnic discrimination and racism in Southeast Asia. The racist outcomes of these practices do not flow exclusively from unprofessionalism, faulty science, irrationality, immorality or incorrect beliefs -- and anti-racist strategy has to accommodate this insight.

Decision-makers around the world use cost-benefit analysis (CBA) to decide whether or not to build dams, roads and airports; what actions to take over global warming, biodiversity loss and soil erosion; what health care and occupational safety policies to adopt; and so forth. Grassroots opponents of roads and hydroelectric dams, however, have persistently contested the ways CBA values land, forests, streams, fisheries and livelihoods.

This summary of a conference held in 1999 at Yale University, co-organized by The Corner House, is also available above in Bahasa Indonesia in a translation made in 2022 by Hendro Sangkoyo of the School of Democratic Economics. For related work on cost-benefit analysis see http://www.thecornerhouse.org.uk/resource/toward-different-debate-environmental-accounting and http://www.thecornerhouse.org.uk/resource/whose-voice-speaking.

Many internal wars in Africa, Central and Eastern Europe and the former Soviet Union, far from representing societal breakdown, can be seen as a rational response on the part of rulers (and would-be rulers) to ensure their economic and political survival in a context of globalisation and the changing nation-state.

Au sein du mouvement écologiste occidental une aile conservatrice importante a développé, dans un souci de stabilité sociale, des conceptions sur la "culture" qui placent la cause profonde des "conflits ethniques" dans des antagonismes anciens, définitifs, implacables et invétérés entre populations. Ces conceptions sont très proches de celles de la Nouvelle Droite qui, de plus en plus, s'approprie le langage de la "différence" culturelle pour promouvoir un "racisme différencialiste". Il est important que les groupes progressistes s’opposent à cette manupulation politique d'éthnicité des environnementalistes conservateurs, ou de la Nouvelle Droite.

Overconsumption is possible only by dividing different groups of people from each other. A different, more democratic pattern of political action will be required to lower consumption.

A presentation looking at whose interests the free market serves and whose environment is protected by market instruments such as labelling and property rights which concludes that leaving the environment to the market is a recipe for social injustice, authoritarianism, neo-colonialism and ecological suicide.

Corporations use public relations techniques to limit campaigns against the socially-irresponsible or environmentally-destructive practices of transnational companies. Taking the infant food industry as a case study, this briefing discusses the risks of ‘dialogue’ with company or industry organizations.

Cost-benefit analysis (CBA) is often regarded as a pure form of practical reasoning that can shift accountability onto supposedly impersonal mechanisms, summarize complex choices in a formulaic way, and transmute popular pressure, political debate and political conflict into quiet, office-bound operations performed on fixed and agreed-upon preferences. Yet CBA’s commensuration of things that no one has any experience in commensurating leads to odd new ways of treating reason, democracy, public opinion, space, time and personhood. And the more practical steps are taken toward its algorithmic ideal of decision-making, the more unforeseen political and social difficulties crop up, including popular resistance. For other work on cost-benefit analysis see http://www.thecornerhouse.org.uk/resource/whose-voice-speaking and http://www.thecornerhouse.org.uk/resource/toward-different-debate-environmental-accounting.

Different actors -- transnational corporations, political and technocratic elites, their opponents and others -- contend with and influence what is loosely called “globalization” in different ways. Constructive and engaged understanding of the power struggles between them all and their resources, motivations, dynamics, strategies, effectiveness, and capacities for alliances requires coming to grips with the ways in which they interpret and present their own struggles.

This opinion piece shows how environmental activists, ecological economists, development experts and deep green theorists tell self-serving and one-sided stories about Noble Savages, Eastern religions, “traditional communities” and ordinary householders. This "Green Orientalism" both arises from and perpetuates power imbalances. It must be constantly challenged by stories told from other points of view.