The Problem of the Suicide Economy:

(This blog post is a compilation of the writings of David C. Korten, Victor Bremsen and Judy Wicks).

David Korten: Having reached the limits of an Era of Empire, humanity is compelled to accept responsibility for the consequences of its presence on a finite planet, make a conscious collective choice to leave behind the excesses of its adolescence, and take the step to species maturity. It is the most exciting moment of opportunity in the history of the species.

The Era of Empire embraced competition and domination as its organizing principles, hierarchy as its favored organizational form, and ultimately chose money as its defining value.

The Empire Era created a them/us mentality that justified exploitation, slavery, and genocide, and glorified domination over other peoples and nature.

It has led to the emergence of a global suicide economy  — otherwise known as the corporate global economy — that is rapidly destroying the social and environmental foundations of its own existence and threatening the survival of the human species. It is the Era’s final stage.

The global corporations that are the ruling institutions of the suicide economy are required by law, structure, and the imperatives of global finance to maximize financial returns to absentee owners without regard to the consequences for people or planet.

In short, they are programmed to behave like cancers that seek their own unlimited growth without regard to the consequences.

As these pathological institutions have consolidated their power, the imperatives of global finance have come to dominate the economic, political, and cultural lives of people, communities, and nations everywhere.

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Victor Bremson (Retired Management Consultant and Business Turn Around Specialist):

For example: over the last 40 years, North America has rapidly moved from downtown “main street” economies populated by local independent businesses devoted to serving community needs to a global “Wall Street” economy dominated by huge predatory discount chains located in the middle of vast parking lots seeking to extract the maximum profit from local consumers in the shortest possible time.

With household names like Wal-Mart, Home Depot, Costco and many others, these chains mimic the behavior of predator species characteristic of immature ecosystems.

In simple terms, they destroy all other competing businesses in their path.  Our financial economy specialists proclaim how wonderful their increase in market share is, without taking into effect the damage done to our communities.

Owned primarily by investors without a stake in the local community, these “predators” force community based competitors out of business by pricing very low, sometimes even below cost.

They accomplish this partially by making their suppliers dependent on them and then constantly squeeze them for greater margin.

In the short-run, predator chains keep consumers happy with lower prices and small investors with attractive returns on investment. The substantial costs to the community are less visible, but become ever more substantial over time.

These costs include loss of entrepreneurial class local business, losses of higher paid jobs, loss of environmental standards, increased need for automobile usage and loss of support for building community infrastructure.

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Judy Wicks, White Dog Café:
The movement for socially responsible business is changing.

  • Many, if not most, of our model companies who began the movement and taught us so much, have been or are being sold to large businesses which continue to grow larger and larger (e.g. when Unilever — with hundreds of brands — bought Ben & Jerry’s Homemade Ice Cream Inc., in April 2000. But the movement certainly had the breath knocked out of it. The Vermont company that had served as a model of fairness to workers and an advocate for the environment had been absorbed into the sort of entity that Wicks and her ilk had been fighting: multinational behemoths that in their view transfer wealth out of local communities).
  • Since the early 1970s, decisions by corporations to move operations to another state or abroad have cost US workers and communities some 75 million jobs. Most of these jobs were in the better paid manufacturing sector, with the bulk of the remaining jobs lost being backroom operations that support service and retail firms.
  • Capital mobility is thus a major reason why 80% of US households have seen their incomes stagnate or decline over this same period.
  • Non-profits have serious impediments to being efficient producers of goods or services: more hands-on boards that occupy inordinate staff time; legal barriers to accumulating assets and hence collateral for financing expansion; social missions that often compel them to pay more for unproductive workers than private firms would, and high turnover of the most productive staff.

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