Monkeyfister

Capitalism wouldn't be around today, at least not in its current pathogenic form, if it had not caught a couple of lucky breaks. The first of course, was the expansion of bloodsucking colonialism to give it transfusions of unearned wealth, enabling "investors" to profit by artificial means (death, oppression and slavery). But the biggest break was being driven to stratospheric heights by inordinate quantities of available hydrocarbon energy. Inordinate, but never the less finite. Consequently, the 100-year-long oil suckdown that put industrial countries in the tall cotton, now threatens to take back from subsequent beneficiary generation everything it gave. The Hummers, the golf courses, the big box stores, cruising at 35,000 feet over the Atlantic -- everything.

You'd never know that, to look around at Americans or Canadians, who have not the slightest qualms about living in that 3,500 square foot vinyl sided fuck box, if they can manage to make the mortgage nut, or unashamedly buying a quadruple X large Raiders Jersey because, hey, a guy's gotta eat, right? Why don't I deserve a nice ride, a swimming pool and a flat screen? I worked for it (sure you did buddy, your $12,000 Visa/MasterCard tab is proof of that).

The doomers and the peak oilers gag, and they call it American denial. Personally, I think it is somewhat unfair to say that most Americans and Canadians are in denial. They simply don't have a fucking clue about what is really happening to them and their world. Everything they have been taught about working, money and "quality of life" constitutes the planet's greatest problem -- overshoot. Understanding this trashes our most basic assumptions, and requires a complete reversal in contemporary thought and practice about how we live in the world. When was the last time you saw any individual, much less an entire nation, do that?

Compounding our ignorance and naiveté are the officials and experts, politicians, media elites, and especially economists, who interpret the world for us and govern the course of things. The go-to guys. They don't know either. But they've got the lingo down.

Somehow or other, it all has to do with the economy, which none of us understands, despite round the clock media jabbering on the subject. Somehow it has to do with this great big spring on Wall Street called "the market" that's gotta be kept wound up, and interest rates at something called The Fed, which have got to be kept smunched down. The industry of crystal gazing and hairball rubbing surrounding these entities is called economics.

In heaven, there are no jobs

The following may be old news to some who studied economics in college. However, I did not. And, for me at least, this gets at the heart of our dilemma (if dilemma is the right word for economic, environmental and species collapse). Here goes:

The human economy is made up of three parts: nature, work and money. But since nobody would pay people like Allen Greenspan or Milton Friedman millions of dollars if they talked just like the rest of us, economists and academics refer to these three parts as the primary, secondary and tertiary economies.

Of these, nature -- the world's ecosystems and natural capital -- is by far the most important. It comprises about three quarters of the total value of economic activity (Richard Costanza et al. 1997). To western world economists, nature -- when it is even give nature a thought -- is considered to be limitless.

The second part, work, is the labor required to produce goods and services from natural resources. Work creates real value through efficient use of both human and natural resource energy. A potato is just a potato until people sweating over belt lines and giant fryers turn it into Tater Tots.

The third economy, the tertiary economy, is the production and exchange of money. This includes anything that can be exchanged for money, whether it is gold, or mortgages bundled as securities, or derivatives. In short, any paperwork device that can be rigged up in such a fashion that money will stick to it. Feel free to take a wild-assed guess which of the three economies causes the most grief in this world.

To an economist, work -- the stuff that eats up at least a third of our earthly lives, is merely a "factor" called labor. Work is considered an unfortunate cost in creating added value. Added value, along with nature's resources, is the basis for all real world profits. Without labor, the money economy could not gin up on-paper wealth in its virtual economy. Somewhere, somebody's gotta do some real-world work, before bankers and investment brokers can go into their offices and pretend to work at "creating and managing wealth."

Paying the workers in society to produce real wealth costs money. Capitalists hate any sort of cost. It represents money that has somehow escaped their coffers. So when any behemoth corporation hands out thousands of pink slips on a Friday, Wall Street cheers and "the market" goes up. No ordinary mortal has ever seen "the market." But traders on the floor of 11 Wall Street, people who've deemed themselves more than mortal by virtue of their $110 Vanitas silk undershorts, assure us the market does exist. No tours of the New York Stock exchange are permitted, so we have to take their word for it.

In any case, in the money economy, eliminating costs, even if those costs happen to be feeding human beings, citizens of the empire, is sublime. That is why economists in the tertiary economy can declare a "jobless recovery" with a straight face. By their lights, the perfect recovery would necessarily be 100% jobless. Human costs of generating profit would be entirely eliminated.

Labels: Capitalism, Joe Bageant