The ‘New Economy’ unveiled by the global financial elite at COP21 has two main components: 1. ‘clean energy’, and 2. ‘sustainable capitalism’. These, in turn, comprise two of the elements of the United Nations (UN) Sustainable Development Goals (SDGs) for the 21st Century–a partnership project between Wall Street, the UN and international NGOs, i.e. Avaaz, Ceres, Purpose and 350.
The primary promoters of the ‘New Economy’, ‘clean energy’ and ‘sustainable capitalism’–that form the core of the UN SDGs–are Bill Gates, Jeremy Heimans (Avaaz & Purpose) and Bill McKibben (350). Economic development under the SDGs relies on financial investment from the World Bank, and compliance enforcement from the International Monetary Fund (IMF)–in partnership with Wall Street and regional investment banks.
The results of this ‘sustainable capitalism’ can already be seen in the form of mega-dams, mega-plantations, and mega-mining projects in South America, Africa and Asia. This industrial development–while profitable to the investors–has unfortunately resulted in major deforestation, toxic pollution of fresh water, and ethnic cleansing of Indigenous peoples who formerly called these territories home.
Adjacent to the mega-dams, mega-plantations, and mega-mines of the ‘New Economy’ are makeshift camps for the industrial laborers, as well as rural shanty towns for displaced farmers and fishermen. The Indigenous peoples–those that aren’t murdered by corporate security personnel working in tandem with the police and military–are frequently relocated to urban slums far away, where many die a slow death of poverty and substance abuse.
The mega-dams provide electricity for industry, including the processing of minerals from the mega-mines, as well as the GMO soy and palm oil produced on the mega-plantations. The ‘clean energy’ minerals include gold, copper, and lithium, which are used in consumer electronics, solar panels, wind mills, and batteries for electric vehicles. They also include coal, oil, and uranium that is used to fuel the electrical grids in countries such as France, Japan and the UK.
In countries like Australia, Canada and the US, the development of gold, coal, oil and uranium mining on the lands of Indigenous peoples caused significant displacement, pollution, genocide and disease throughout the 19th and 20th Centuries, and is now the reason for uprisings, terrorism and wars in places like Mali, the Philippines, West Papua, the Congo, Rwanda and Burundi. In order to destroy Indigenous opposition to this displacement and dispossession by multinational corporations, the UN Security Council — led by the US — has supported NATO invasions in places such as Libya, as well as an increased presence by AFRICOM–the US military forces in Africa.
The ‘clean energy’ plan of the UN, Wall Street and NGOs–that championed the financial elite at COP21–relies on two primary projects: 1. a global nuclear power renaissance, and 2. privatization of Indigenous and public resources worldwide. If the UN SDGs already comprising ‘sustainable capitalism’ are the ‘New Economy’, how does that differ from the old one?