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Earth-grab by corporate feudalism and how to go about resisting it

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  • Amiya Kumar Bagchi

Abstract

The need for a new economy is great and the obstacles are many: growing inequalities within and between nations and regions, new complicity between corporations and non-democratic political regimes and failure of workers worldwide to make common cause. There are alternative models, indicating that a more egalitarian approach does not necessarily reduce living standards. Environmental degradation cannot be addressed by a technological fix: the threat to our long-term survival is pre-figured in the impact of climate change and corporate rapacity on the land and sea resources of the indigenous minorities who live as humanity has lived for most of its existence. A 10-point plan for a follow-up to the United Nations’ Millennium Development Goals is suggested, but it will work only if solidarity networks can be built across divides of ascribed race, religion and nominal income levels, to express the will of the people in place of the government representatives who are prepared to gamble the future of humanity for corporate profit and power.

Suggested Citation

  • Amiya Kumar Bagchi, 2014. "Earth-grab by corporate feudalism and how to go about resisting it," The Economic and Labour Relations Review, , vol. 25(4), pages 612-618, December.
  • Handle: RePEc:sae:ecolab:v:25:y:2014:i:4:p:612-618
    DOI: 10.1177/1035304614558009
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    References listed on IDEAS

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    1. Anthony B. Atkinson & Thomas Piketty & Emmanuel Saez, 2011. "Top Incomes in the Long Run of History," Journal of Economic Literature, American Economic Association, vol. 49(1), pages 3-71, March.
    2. Sengupta, Ramprasad, 2013. "Ecological Limits and Economic Development," OUP Catalogue, Oxford University Press, number 9780198081654.
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    Cited by:

    1. Amiya Kumar Bagchi, 2015. "The Arithmetic of Resource-intensive Growth, Keynesian Monetary Management, and Egalitarian Green Growth," Development and Change, International Institute of Social Studies, vol. 46(5), pages 1201-1212, September.

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    More about this item

    Keywords

    Capitalism; competition; neoliberalism; resource management; social justice; sustainability;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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