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Social Justice Posted by <Xnoubis> on Friday February 09, @11:22AM
from the means-and-means dept.

Anthony Giddens, director of the London School of Economics, is interviewed on the topic of globalization in The Edge. He provides what seems to me to be an exceptionally clear view of where we are and where we are going.

You could say the two main political philosophies of the post-war period have now essentially elapsed. And you could say they were kind of half theories. For about 30 years after the Second World War the dominant view on the whole, which was institutionalized in many countries, was of a beneficent state guided by some kind of view of the idea of managing a capitalist economy more effectively than it could manage itself by market forces. And that essentially failed, at least it failed in its more extreme versions, the Soviet Union obviously being that version. Then you had a period of reverse dominance of the idea that we can leave all that to markets; if the state can't solve our problems, markets can. That's also failed, electorally, and it failed structurally because you can't just leave the world to be run by the vagaries of market-based decisions.

Of course, market fundamentalism didn't fail electorally in the U.S. I wish there was lucidity in the American political center comparable to the insight displayed by Giddens.



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