Outlining four key issues in our globalizing economy (unprecedented wealth, unprecedented poverty, ecological challenges and political and economic volatility), Professor Guptara goes on to provide a historical survey from prehistoric times (demonstrating that the roots of the current crisis lie in the Darwinians and Nietscheans defeating the moral and ethical values of the Protestants), and concludes by presenting seven essential steps to creating the right kind of globalization.
These seven essential steps in Professor Guptara (2010) opinion are:
Our culture needs to be focused again on a realistic optimism not a fatalistic pessimism.
We need to restore education to its function of nurturing citizenship and genuine personal fulfillment – and move away from the present function of training people for employment by the elite.
The media needs to be restored to the function of truth-telling, by removing the obsession with entertainment.
Political parties and representative democracy should now be abolished, and direct democracy installed instead.
Fundamental and even applied research needs to be liberated from the trammels of private sponsorship.
A global minimum wage and/or guarantees need to be introduced for food, clothes and shelter.
Fundamental reforms are needed if the global economy is to avoid becoming an enslaving economy.
Source: Guptara, P. (2010). Towards creating the right kind of globalization: an analysis - with proposals. Journal of Organizational Transformation and Social Change, 7(1), 89-103.
I really liked these seven essential steps - well, in your opinion, can we implement these - and how easy would that be --- further, do you have any other points that can be added?
Thank you for your contributions.