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" "Recognizing that the current form of globalization is nothing more than a generalized downward leveling in which global corporations are extracting more and more of the wealth, power, and productive energies from communities and the environment is the right approach. Recognizing that our response must be nothing less than upward leveling that does entail the transfer of resources, power, wealth, and knowledge from the world's haves to the world's have-nots is the right approach.
Robin Eric Hahnel (born March 25, 1946) is an American economist and Professor of Economics at . He was a professor at American University for many years and traveled extensively advising on economic matters all over the world. He is best known for his work on economics with Z Magazine editor .
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Under central planning neither planners, managers, nor workers had incentives to promote the social economic interest. Nor did impeding markets for final goods to the planning system enfranchise consumers in meaningful ways. But central planning would have been incompatible with economic democracy even if it had overcome its information and incentive liabilities. And the truth is that it survived as long as it did only because it was propped up by unprecedented totalitarian political power.
We should know that only replacing the economics of competition and greed with the economics of equitable cooperation will guarantee a globalization that takes advantage of potential efficiency gains in ways that also promote environmental protection, international equity, economic democracy, and variety.