Globalized system of market production in crisis. Global warming, rare earths, GAFAM, economic war

Jacques Fontanel ()
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Jacques Fontanel: CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - UGA - Université Grenoble Alpes - IEPG - Sciences Po Grenoble-UGA - Institut d'études politiques de Grenoble - UGA - Université Grenoble Alpes

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Abstract: The globalized system of market production is in a strong crisis. Global warming, rare earths, GAFAM, economic war. Climate change poses a problem for the economic system that fostered the polluting industrial revolutions of coal and oil. Today, the digital economy revolution offers significant hope for reducing pollution and promoting decarbonisation. However, the economic interest struggles of the powerful lobbies of the polluting sectors seem to reduce the potential for transformation of an economic system driven by the search for shortterm profit. The major powers want to preserve their economic gains and are undertaking this revolution at a pace that suits them, which is not without conflict, given the urgency of action in the face of the harmful transformations undergone by ecosystems. Furthermore, the GAFAMs, the powerful providers of digital services and instruments, together with their Chinese competitors, have a considerable economic and strategic force that could undermine freedoms and human and citizens' rights. For the production of digital tools, rare earths are likely to pose new problems, those relating to the pollution involved in their production and their relative scarcity compared to the stocks known today. Finally, the economic war threatens the World Trade Organization, with the establishment of international and regional blocks.

Keywords: Digital economy; Climate change; GAFAM; Rare earths; Economic war (search for similar items in EconPapers)
Date: 2021-02-08
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-int
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Published in Sustainable Economic Development. New ideas, Feb 2021, Genève, Switzerland

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