OCR
34 | Tue Puttosopuy oF Eco-Porrrics of a film, a natural disaster, a new scientific discovery or a military loss, they all have worth and matter to the extent that they can be expressed in money, profit or loss that can be compared with others. It is to this extent and to this extent only that it can be justified to begin the overview of the global processes of our time within the system’s own frame of reference — i.e., with the critique of the functioning of the economy, even if we attribute greater explanatory significance to cultural, ecological, demographic or technological changes. The superpowers victorious in two (or, if one prefers, three) world wars, relying on the seemingly unsurmountable advantage they had achieved in the technological race, reversed their previous strictly protectionist behaviour and established principles of economic association contrary to the previous ones: they enforced the removal of all obstacles standing in the way of the movement of capital. The equality of freedoms of course created an inordinately unequal situation. On the one hand, it ensured unlimited power for the owners of the information and money that can be moved with the speed of thought over the difficult factors of the real economy. On the other hand, it triggered the migration of the labour force between poor and rich countries on a previously unimaginable scale. There is no need to detail these oft-described processes here: the competition of national economies for the inclination of investors and creditors commenced, this being the only way to become competitive on the global market and to preserve their populations (or to attract new arrivals in the place of the emigrants). But why did they not instead aim to stay out of it? The answer is common knowledge: in previous centuries, the “opening” of the local markets took place by armed force, followed by the collapse of the local culture and the reproductive systems. In economic terms this means that the peoples of the world “realised” that they can no longer live without the products and services that they themselves were incapable of producing. To acquire these, they had to trade and to have something to trade with, they needed to develop. To develop, they needed credit and to be able to repay their loans, they have to submit for sale whatever they have on the world market, competing with each other, at whatever cost and in as large a quantity as possible. ‘The result became the devaluation of labour, raw materials and physical infrastructure on the one hand and, on the other, the previously unimaginable growth of the share of the monetary sphere, which takes the form of the amassing of a fictitious quantity of money forty times