Global finance is only one facet of multiple crises facing human civilization - crises over food, water, climate, energy as well as the global economy urgently need to be addressed. So far, neoliberal responses of governments have been to tackle finance alone - by replacing a banker or by pumping money into the system. But it is the system itself - that is in crisis.
In this special edition of Globalizations, François Houtart outlines the interlinked but different elements of the multiple crises we face, and makes radical suggestions for moving beyond the current state of affairs - through addressing all together.
The Mayapuri cobalt-60 episode shows Delhi University scientists were reprehensible and proves again that the Atomic Energy Regulatory Board is too inept, unreliable and compromised to perform its assigned functions. We need another agency.
Even with increases in energy efficiency, and despite the 45 percent who have no electricity connection - India's policy goal to quadruple energy consumption by 2032 represents a catestrophic GDP-ism focused on destructive models of development.
Small farmers are being driven off their land in Maharashtra to make way for the Indian government's planned "nuclear park" - to be built by the French company AREVA. Yet, nuclear energy is notoriously slow, costly, inefficient and dangerous to develop, as demonstrated by a global decline in nuclear power that contradicts recent government enthusiasm.