Wait…wasn’t capitalism supposed to bring freedom and democracy with it? Isn’t that whate every American thinker, economist, pundit, politician argued? Isn’t it why America bombed half the world for capitalism’s sake? So…what happened? Here’s what’s really happening. Capitalism’s imploding into fascism. And now it’s going global. The global economy America built is falling like dominoes. Bang, bang, bang. It’s not a coincidence that China and India are imploding into different kinds of authoritarian-fascism shortly after America did. It is a relationship. China and India were the linchpins of America’s model of global capitalism. They are the two countries that bought into it most heavily after America.And now, my friends, they are paying the price: they are collapsing right along with it.
America is the canary in the coal mine of global collapse.
I was recently asked to respond to a short email interview. My response seems like a nice summary of how I’ve spent the last decade and a half of my life, so I thought I would share it here.
The longer we pretend this dystopian world is not imminent, the more unprepared and disempowered we will be. The ruling elite’s goal is to keep us entertained, frightened and passive while they build draconian structures of oppression grounded in this dark reality. It is up to us to pit power against power. Ours against theirs. Even if we cannot alter the larger culture, we can at least create self-sustaining enclaves where we can approximate freedom. We can keep alive the burning embers of a world based on mutual aid rather than mutual exploitation. And this, given what lies in front of us, will be a victory.
The very sobering data of our planetary predicament
The Worst Of Donald Trump’s Toxic Agenda Is Lying In Wait: A Major US Crisis Will Unleash It, By Naomi Klein
It is true that many of the more radical items on this administration’s wish list have yet to be realized. But make no mistake, the full agenda is still there, lying in wait. And there is one thing that could unleash it all: a large-scale crisis.
Large-scale shocks are frequently harnessed to ram through despised pro-corporate and anti-democratic policies that would never have been feasible in normal times. It’s a phenomenon I have previously called the “Shock Doctrine,” and we have seen it happen again and again over the decades, from Chile in the aftermath of Augusto Pinochet’s coup to New Orleans after Hurricane Katrina
There is, and it’s a rather grim energy fairy tale. This one shows how the world’s economy depends on the quality of energy burned, and not the amount of money spent. When economies spend cheap oil, GDP rises; when they switch to costly and unconventional stuff, growth comes to a screeching halt. In this unfolding story, cheap credit played a big role. It allowed an industry to carelessly borrow trillions to chase ultra-expensive and risky resources such as bitumen and shale oil. An energy industry laden with toxic debt is now earning less money than what it costs to shovel bitumen or frack shale. And this kind of debt is not going to end well for financial markets. Or for ordinary people. But the darkest character in this fairy tale is the monster called diminishing returns.
What’s happening now is a permanent contraction. Well, of course, nothing lasts forever, and the contraction is one phase of a greater transition. The cornucopians and techno-narcissists would like to think that we are transitioning into an even more lavish era of techno-wonderama — life in a padded recliner tapping on a tablet for everything! I don’t think so. Rather, we’re going medieval, and we’re doing it the hard way because there’s just not enough to go around and the swollen populations of the world are going to be fighting over what’s left.
“Capitalism, it turns out, will not be abolished by forced-march techniques. It will be abolished by creating something more dynamic that exists, at first, almost unseen within the old system, but which will break through, reshaping the economy around new values and behaviours. I call this postcapitalism…”. – Paul Mason Zoran Opalic: Could we call it a Modern Soft Slavery/Communism? We live in a fluid phase of modernity, in which social forms are constantly changing at great speed, radically transforming the experience of being human…