With the onrushing impact of current climate and systemic crises, it becomes realistic to see that #neoliberalism, free-market orthodoxy and the pushing of minimal state intervention, is fundamentally an inadequate path that is ill-equipped to address #climatechaos and social challenges we face. This failure means a radical shift in perspective and approach is going to happen, with this we might need to shift our “common sense” to being something like “Revolutionary Realism.”
The current #mainstreaming of false promises of #Neoliberalism over the last 40 years has pushed the fundamentalist free market path as the engine of prosperity, wealth and efficiency. However, since the 2008 financial crisis, these promises have increasingly rung hollow. The empirical evidence, rising inequality, decreasing life expectancy, and environmental degradation, exposes the limitations and failures of this economic orthodoxy.
From our turn of the century Alt globalization movement, we have Mark Fisher’s concept of “capitalist realism”, which describes the pervasive belief that capitalism is the only viable economic system. This helps us to see that the invisible dogma has fostered a sense of fatalism, particularly on the left, where a resignation to critique and protest has replaced active efforts to envision and construct alternatives. This defeatism perpetuates the status quo, as it undermines belief in the possibility of systemic change.
There is a need for revolutionary paths in the imminent collapse of capitalism, contrary to the notion that capitalism is indestructible, we are witnessing its destabilization under the weight of its inherent contradictions and the accelerating climate mess. This realization should be pushing a shift from capitalist realism to revolutionary realism, to acknowledging the inevitability of capitalism’s decline and the necessity of preparing for what comes next.
The climate crisis is a catalyst, a primary driver of this transformation, from droughts affecting global trade to natural disasters disrupting economies, the environmental impacts of #climatechaos are compounding the systemic vulnerabilities. These disruptions necessitate a move towards a different way of organizing economic systems, this could be a controlled and planned economic system or more a balance of grassroots federated democracy.
State control of the economy is one path, historically, state intervention has proven effective in times of crisis, as seen during World War II and the COVID-19 pandemic. State control of the economy does not inherently mean totalitarianism; it can involve a balanced approach, with both top-down planning and bottom-up participation.
Effective planning is a path we might need to take, for managing resources and ensuring equitable distribution. This could involve simplifying economic processes, such as reducing the variety of consumer goods and localizing production to reduce dependency on international trade. Digital #4opens technology can enhance this planning by providing real-time #opendata and facilitating more responsive governance based on metadata as the signal to guide the economic and social flows.
Democratic Participation is a path to avoid the pitfalls of authoritarianism, any new system must incorporate democratic mechanisms, such as #OGB path of building the power of citizens’ assemblies, to legitimize state actions and ensure accountability. This grassroots participatory approach mitigates the risk of corruption and foster a sense of collective responsibility.
Practical steps for transition are free basics and maybe rationing if it’s needed. A key element of a new system would be the socialization of essential services, healthcare, housing, and food production, to ensure that everyone’s basic needs are met. Rationing of luxuries and non-essential goods can help to push some sustainability and equity on this mediation path.
Encouraging worker participation in decision-making using projects like the #OGB and perhaps supporting small businesses, as a social democratic path out of the current #mainstreaming, can humanize the economy and maintain a degree of market diversity to push the needed transition. This hybrid approach blends state control with “entrepreneurial” social freedom, making the path through the coming mess by balancing efficiency with innovation to shift our dogmatic illiberal common sense.
But fundamentally we need a cultural shift towards valuing sustainability, community, and collective well-being over the #stupidindividualism of hyper consumerism. This can be promoted through, empowering #DIY education, radical media (#indymediaback), and grassroots movements. There is a long history of this (#makinghistory) which we need to remind our selves about.
The transition from current #mainstreaming to a more sustainable and equitable system requires revolutionary realism, a pragmatic recognition of the imminent collapse of the current system and a proactive approach to growing its successor. This might involve embracing state control, and or fostering grassroots democratic participation, to push the cultural shift towards sustainability and collective well-being. Can we navigate the complexities of this transition to take the path to building a more resilient and just society is the most important question for our time?
