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Global Capitalism = Borderless Economy = Scary Results

On Thursday, Diane Ravitch posted an excerpt of a report from Buzzfeed that described how Betsy DeVos’ brother, Eric Prince, was expanding his services into China. An unapologetic global capitalist, according to a former associate

“He’s been working very, very hard to get China to buy into a new Blackwater. He’s hell bent on reclaiming his position as the world’s preeminent private military provider.”

Given our current administration’s inconsistency in enforcing the laws on the books and it’s consistency in acting on behalf of its donor base, it would not be surprising for them to look the other way on this issue or even modify the law to enable Mr. Prince to expand his business abroad on the logic that any government regulation of free enterprise is necessarily a bad thing. After reading this post, I left the following comment:

All of the corporations are eager to sell their products to anyone who will buy them and equally eager to locate their headquarters in whatever State will charge them the lowest taxes. As a result these corporations are not beholden to any government and they are disdainful of any government that tries to regulate them.

When any corporation that manufactures commodities that we want to buy inexpensively locates its headquarters offshore, our politicians shrug and say they are powerless to do anything about it. When those same corporations use de facto off-shore slave labor to provide the cheap flat screen TVs, electronic gadgets, and other products our consumers love to purchase our politicians shrug and say they are powerless to do anything about it. When those same corporations seek to build factories in countries with lax environmental laws and consequently pollute water and foul the atmosphere, our politicians shrug and say they are powerless to do anything about it.

Eric Prince’s “product” is “protection”… and like his fellow global capitalists he is eager to sell his product to anyone who will buy it. He doesn’t care if the buyer is a despot or a democratic leader because he and his shareholders only care about the bottom line. And again, our politicians shrug and say they are powerless to do anything about it.

It isn’t too difficult to connect the dots and see a dystopian future unfolding as Eric Prince eagerly hires “protectors” who want to avoid working for the slave wages being paid in factories… and those “protectors” who are thrilled to avoid the drudgery of the factory floor are not only OK with the “new world order”, they are willing to do whatever it takes to keep that “new world order” in place. And once again, our politicians shrug and say they are powerless to do anything about it.

I hope that we don’t come to the point where an interlocking directorate of global CEOs formulate a global governance structure that is indifferent to borders and beholden to an ever shrinking number of shareholders. The best way to avoid such an outcome is to vote out of office any candidate who shrugs and says they are powerless to do anything about it. There are steps they can take, the first of which is to explain to voters why it is important to regulate capitalism so that the dystopia outlined above to not come to pass.

MAYBE public education could help… but it is unlikely given our current leadership.

 

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