Excellent article. The roots, of course, go much farther back than just the dawn of neoliberal globalization cited by the author. Here’s something related i just posted on another thread:
i propose we abolish the “limited-liability, investor-owned” corporation. It is the basic building block of the modern capitalist economy. It was, quite literally, invented to carry out colonization – the first limited-liability, investor-owned “joint-stock company” was the Dutch East India Company. The British East India Company was reorganized to follow the same legal structure. In carrying out colonization, these marauders adopted any practice to promote profit and claim to “own” what they “discovered,” including enslavement and mass murder / genocide. Today’s inheritors of this business model, the corporations that rule the world today, carry forward this model of colonization (of lands, peoples, resource, and consciousness) and of profit above all else, very well, with more sophistication and more tools, and more penetration of politics and society and consciousness, than the original such corporations. We need to recognize, name, confront, and abolish this organizational model for “the economy,” and replace it with corporations that are chartered to prioritize social and ecological accounting, above financial accounting, and that are owned not by investors, but by communities: for example, communities of workers (worker cooperatives), communities of consumers (consumer cooperatives), political communities (nationalized or municipal corporations for example, like public utilities), or are held in trust on behalf of these communities and the ecology (community housing trusts, ecological trusts, etc.).
This is just one key step in de-colonizing the economy. Additionally we need reparations for genocide, enslavement, colonization, capitalism and neoliberalism, with land reform, wealth reform, and legal reform (like the rechartering of corporations along these lines). We need to take the stolen wealth of humanity and the Earth from the inheritors of colonization and everything else, who today claim to “own” everything, and redistribute this wealth democratically, with controls like wealth-cap and income-cap to prevent future such distorted accumulation of “ownership” by a tiny “elite.”