[A]s things now stand, the case that capitalism will make the world - not just the West - materially better off has simply not been convincingly demo… - Linda McQuaig

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[A]s things now stand, the case that capitalism will make the world - not just the West - materially better off has simply not been convincingly demonstrated. Indeed, with almost 70 per cent of the world's people experiencing a decline in their real incomes in recent years, the opposite appears to be true. The wanton celebration of market capitalism while so many people throughout the world are lacking basic food and shelter seems, if not downright vulgar, at least a little insensitive.

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About Linda McQuaig

Linda Joy McQuaig (born 1951) is a Canadian journalist, columnist, non-fiction author and social critic.

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Alternative Names: Linda Joy McQuaig

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Additional quotes by Linda McQuaig

Private courier companies are fine to handle the lucrative parts of the [postal] business. But they have little interest in servicing remote communities, so these areas get poor or non-existent service. Similarly, leaving health care and education to the private marketplace will result in fine services for the affluent but leave many others without access to decent services (or in some cases any services at all). While this kind of deficiency is bad enough when it comes to postal delivery, it becomes downright serious in areas like health care and education.

Under the market system, there is demand for a product if a lot of people want it - but that demand counts for nothing if those people have no money. If they lack money, their demand essentially doesn't exist...This explains why the drug industry is not investing money to develop a cure for a disease known as sleeping sickness, which leaves its victims in a coma. The disease...killed 66,000 people last year and threatens to infect 60 million more - but the only people who are afflicted by it are poverty-stricken Africans with no clout in the marketplace. Interestingly, there is a drug called eflornithine that is effective in lifting victims out of their comas. But drug companies stopped producing eflornithine in 1995 because it was no longer profitable to continue. The drug was still desperately needed, but only by people without money. So, following modern market practices, these people were simply left in a coma.

The public-choice theorists would have us believe that nobody ever gets involved in governments or the political arena out of a desire to accomplish public [goals[]].... Needless to say, the notion that citizens would voluntarily band together to fight injustice and poverty in faraway parts of the world is incomprehensible to this kind of thinking. This perhaps explains the frequent attempt to dismiss those in the anti-globalization movement as nothing more than a group of self-seeking opportunists - as if there is some kind of money to be made in championing debt elimination for the Third World.

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