The author of The Shock Doctorine, Naomi Klein (not to be confused with Naomi Wolf) wrote an article for the Huffington Post this week called “Guns Beat Green: The Market Has Spoken.” The basic principle is that global private security firms are booming while green stocks are unsteady.
Here’s a clip:
The idea that capitalism can save us from climate catastrophe has powerful appeal. It gives politicians an excuse to subsidize corporations rather than regulate them, and it neatly avoids a discussion about how the core market logic of endless growth landed us here in the first place.
The market, however, appears to have other ideas about how to meet the challenges of an increasingly disaster-prone world. According to Lloyd, despite all the government incentives, the really big money is turning away from clean energy technologies and banking instead on gadgets promising to seal wealthy countries and individuals into high-tech fortresses. Key growth areas in venture capitalism are private security firms selling surveillance gear and privatized emergency response. Put simply, in the world of venture capitalism, there has been a race going on between greens on the one hand and guns and garrisons on the other–and the guns are winning.
I agree Naomi, it does seem awfully fishy that, “The greens have received $4.2 billion, while the garrisons have nearly doubled their money, collecting $6 billion in new investment funds. And 2007 isn’t over yet.”
I’m thinking it’s high time I build myself a little cabin high in the mountains and hide.