Western liberal democracies may emphasise the separation of church and state, but in practice their attempts to control the population are similar to the pre-Enlightenment days where human nature was seen as unchanging, private property ‘natural’, and the power of Kings a fixed, grand purpose designed and ordained by God. Much like the industrial revolution resulted in a grand transfer of power from feudal landlords to corporate grandees, it is unlikely that the establishment will be able to control the forces which Corbynism has unleashed.
Former Greek finance minister, Yanis Varoufakis, claims capitalism is making itself obsolete thanks to the technologies it has produced. He argues that because companies like Google and Facebook are powered by social production, the private means of production are becoming obsolete. He says that Artificial Intelligence will be capitalism’s downfall. If wishing made it so…
Journalism professor, Dr Jairo Lugo-Ocando, returned to his Venezuelan homeland after many years to find chaos, violence, food shortages and a deeply divided public that can barely afford to support itself.
Dr Ha-Joon Chang explains how we have developed a system of neoclassical economics and the power play which brought us here.