The World Economic Forum’s Global Redesign Initiative is perhaps the best reflection of how corporations and other elites envision the future of governance. It calls for marginalising intergovernmental decision-making with a system of multi-stakeholder governance, but what does this mean for democracy, accountability and the rule of law?
The international bank transfer system, SWIFT, is a form of contemporary digital colonialism and surveillance capitalism as it is run by US firms and provides data to US government agencies. Drives by governments and philanthropists to increase use of digital money will only strengthen it further.
Corporate executives and climate skeptics that mobilise against strong international climate change agreements have rightly been the focus of attention of many people concerned about the climate crisis. But another group of elites—those who actually believe in climate change —may paradoxically have done more to block effective solutions to the crisis.
Building a real democracy in the face of corporate and financial power will require a rethinking of power and agency, unleashing the creative, experimental, knowledge-sharing and emancipatory approaches of social movements.
Experiences and experiments in Spain, Brazil, Istanbul and other cities suggest that a transnational municipalism, based on concepts of an open source city (free online tools and active citizen participation), has the potential to regenerate democracy and build a geopolitics of the commons against neoliberalism.
The rise of Raghuram Rajan and Agustin Carstens to top positions in powerful financial institutions reflects how the "Davos class" is incorporating people from every corner of earth into its neoliberal project.
The annual gathering in Davos has certainly cemented the power of a tiny global elite, but its real power has been as a spawning ground for neoliberalism's major advances - the rise of the financial sector, the spread of corporate trade agreements and the integration of emerging economic powers into the global economy.
India has strongly entrenched power hierarchies that have historical roots but have also been exacerbated by inequalities and injustices that have deepened with economic globalisation. However grassroots political movements are emerging in India that could signal a gradual shift to direct or radical democracy, coupled with making representative democracy more accountable and ecologically sustainable
Against all expectations, financial capital has emerged even stronger after the financial crisis having staved off regulation and putting the blame on public spending. But its victory is likely a pyrrhic one as a new crisis looms, one in which the global public could learn from victories such as reforms in Iceland and finally reassert its control over money.
In the wake of early 2010s upheavals such as the Arab Spring, Spain’s indignados, or the global Occupy movement, many commentators were quick to either invoke the presumed tech-savvy of ‘digital natives’ or the purported ‘cyber-utopianism’ of net freedom advocates who supported the protests. But what role have internet freedom activists – or ‘freedom technologists’ – played in ongoing struggles for progressive political change around the world and how can the pursuit of liberty be combined with the struggle for social justice?
The increasingly precarious nature of work and life poses a serious threat to democracy as it undermines our social fabric, atomizes individuals and seeks to personalize blame for economic insecurity. What potential is there for ‘the precariat’ to become a new kind of social movement with a collective vision to reimagine contemporary life?
The rural communities in the Västernorrland county of Northern Sweden are not used to being in the national spotlight, but in 2017 their struggle to stop cutbacks in maternity and emergency care made national news. What are the lessons for all those involved in building counter-power in rural areas of the Global North?
The Transnational Institute (TNI) in the Netherlands is issuing an open call for essays, short papers, infographics and artistic collaborations for its forthcoming State of Power report launched in late January 2019 to coincide with the World Economic Forum in Davos. In 2019, we are particularly looking for accessible, engaging essays and artistic explorations that explore the issue of finance and power.
Markus Giesler reports on the media reception to his eight year ethnographic and institutional study on the World Economic Forum that provides empirical evidence that Davos is not "improving the state of the world."
Advocating multistakeholderism in the area of food and nutrition has been one of the main strategies for advancing a pro-corporate agricultural agenda that results in dispossession of small-scale farmers.
In the era of globalisation, the steady removal of decision-making from democratic chambers by EU elites is serving as a blueprint for post-democratic governance around the world. Progressives must be ambitious and start putting forward ideas for a democratic world government as a viable alternative.
Former Greek Finance Minister Yanis Varoufakis argues that the nation-state is dead and democracy in the EU has been replaced by a toxic algorithmic depoliticisation that, if it is not confronted, will lead to depression, disintegration and possibly war. He calls for a launch of a pan-European movement to democratise Europe, to save it before it is too late.