Resisting Market Fundamentalism! Ending the Reign of Extremist Neo-Liberalism*
By Soren Ambrose
50 Years Is Enough Network
We have heard a lot about fundamentalism in recent years. Usually it’s
religious fundamentalism we hear about, especially when, as in the case of
Christian, Islamic, Jewish, or Hindu fundamentalism, it has become a factor in
global politics. In general, religious fundamentalism is characterized by a
strong belief in a well-defined set of beliefs set out in well-established written
texts (though there are disputes within each). It is prescriptive, in that it
asserts, often quite boldly, a comprehensive view of the world including moral
guidelines for behavior. It fosters an assertiveness on the part of its believers,
and usually includes a claim on political and territorial control. And, just as
importantly, it tends to reject compromise with alternative points of view.
The economic prescriptions of the International Monetary Fund (IMF) and the
World Bank are sometimes called – by critics -- market fundamentalism. The
differences between an economic ideology and a religious and cultural belief
system are obvious enough; the power of the comparison lies in the light it
sheds on the grip a simple theory of economics has achieved on economists,
policy-makers, consumers, and entire countries. Privatization, cuts in public
services and subsidies, trade and investment deregulation, mass layoffs,
hikes in interest rates: all because, as John Mihevc of Kairos Canada put it in
a ground-breaking study comparing the two kinds of fundamentalism, “the
market tells them so.” The fact that these measures almost never deliver any
of the benefits promised, and instead exacerbate the gap between the
wealthy and impoverished, often provokes activists to refer to the old fable:
“The emperor has no clothes!” But the power of belief in a body of rules that
has been endlessly repeated and attested to by authority figures from
professors to politicians blinds many to what is plainly before the eyes.
full article
rootsie on 05.15.04 @ 08:05 PM CST [
link]
So Much for the 1st Amendment
Teachers Placed on Leave for Berg VideoVILLA PARK, Calif. (AP) - At least three teachers have been placed on paid leave following complaints they showed students the videotaped beheading of American Nicholas Berg in Iraq.
Villa Park High School English teacher Stephen Arcudi allowed students to use his classroom computer to see video footage of Berg being executed, school officials said.
"Because of our concern over his judgment and the way he handled the situation, we have put him on leave while we continue to investigate,'' said Orange Unified School District Assistant Superintendent Cheryl Cohen.
Two other teachers were put on leave by the Grossmont Union High School District near San Diego.
Cohen said both a parent and a student complained.
Arcudi, 46, said he discouraged a student from trying to find the Berg video on the Web. But his students said Arcudi gave out the Web address where the video could be found.
``He said: `This is the enemy we're up against and these are the things you don't get to see,''' said Naim Dujak, 17. ``He did not force anyone to watch it.''
article
rootsie on 05.15.04 @ 07:37 PM CST [
link]