Towards a world of precariousness

Globalization, delocalization and inequality

Abstract

We are installed in a race of minimums, in which the pressure to manufacture at ridiculous prices causes corporations to recreate themselves in tightening the weakest link in the chain and virtually stop paying taxes, while western consumers have to leave. Cheapening the prices imposed by a few brands that control whole sectors of the economy form an oligopoly, so that we can buy with our increasingly scarce and insecure revenues. In the West, work is increasingly scarce and poorly paid, there is less job stability, and public subsidies are in the process of reduction, while states with declining incomes are weakening the proportion of public services

For current economic thought, it seems that we are predestined for a period with the greatest productive capacity and with the most excess of goods, coexisting with the greatest number of people located in the different segments of poverty, while the concentration of wealth of a few does not stop increasing in a scandalous way. Does this make any sense? The deepening of the various levels of impoverishment has effects beyond the strictly economic. It undoes societies and condemns them to live under the effects of "the epidemic of ignorance", which is how Jeffrey Sachs describes societies that have no more expectations than the generation of frustrated consumers.