Posts Tagged ‘Economics’

/rant on

Since deleting from my blogroll all doom links and turning my attention elsewhere, the lurking dread of looming collapse (all sorts) has been at low ebb at The Spiral Staircase. Despite many indicators of imminent collapse likewise purged from front-page and top-of-the-broadcast news, evidence continues to mount while citizens contend with other issues, some political and geopolitical, others day-to-day tribulations stemming from politics, economics, and the ongoing pandemic. For instance, I only just recently learned that the Intergovernmental Panel on Climate Change (IPCC — oh yeah … them) issued AR6 last month, the sixth periodic Assessment Report (maybe instead call it the State of the Union Address Planet Report). It’s long, dense reading (the full report is nearly 4,000 pp., whereas the summary for policymakers is a mere 42 pp.) and subject to nearly continuous revision and error correction. The conclusion? Climate change is widespread, rapid, and intensifying. And although it’s true that mundane daily activities occupy center stage in the lives of average folks, there is simply no bigger story or concern for government leaders (I choke on that term) and journalists (that one, too) than climate change because it represents (oh, I dunno …) the collapse of industrial civilization and the early phase of mass extinction. Thus, all politics, geopolitics, economic warfare, class struggle, Wokeism, authoritarian seizure of power, and propaganda filling the minds of people at all levels as well as the institutions they serve amount to a serious misallocation of attention and effort. I will admit, though, that it’s both exhausting and by now futile to worry too much about collapse. Maybe that’s why the climate emergency (the new, improved term) is relegated to background noise easily tuned out.

It’s not just background noise, though, unlike the foreknowledge that death awaits decades from now if one is fortunate to persist into one’s 70s or beyond. No, it’s here now, outside (literally and figuratively), knocking on the door. Turn off your screens and pay attention! (Ironically, everyone now gets the lion’s share of information from screens, not print. So sue me.) Why am I returning to this yet again? Maybe I’ve been reviewing too many dystopian films and novels. Better answer is that those charged with managing and administering states and nations are failing so miserably. It’s not even clear that they’re trying, so pardon me, but I’m rather incensed. It’s not that there aren’t plenty of knowledgeable experts compiling data, writing scientific reports, publishing books, and offering not solutions exactly but at least better ways to manage our affairs. Among those experts, the inability to reverse the climate emergency is well enough understood though not widely acknowledged. (See Macro-Futilism on my blogroll for at least one truth teller who absolutely gets it.) Instead, some lame version of the same dire warning issues again and again: if action isn’t taken now (NOW, dammit!), it will be too late and all will be lost. The collective response is not, however, to pull back, rein in, or even prepare for something less awful than the worst imaginable hard landing where absolutely no one survives despite the existence of boltholes and underground bunkers. Instead, it’s a nearly gleeful acceleration toward doom, like a gambler happily forking over his last twenty at the blackjack table before losing and chucking himself off the top of the casino parking structure. Finally free (if fleetingly)!

Will festering public frustration over deteriorating social conditions tip over into outright revolt, revolution, civil war, and/or regime change? Doesn’t have to be just one. Why is the U.S. still developing and stockpiling armaments, maintaining hundreds of U.S. military bases abroad, and fighting costly, pointless wars of empire (defeat in withdrawal from Afghanistan notwithstanding)? Will destruction of purchasing power of the U.S. dollar continue to manifest as inflation of food and energy costs? Is the U.S. Dept. of Agriculture actually doing anything to secure food systems, or does it merely prepare reports like the AR6 that no one reads or acts upon? Will fragile supply lines be allowed to fail entirely, sparking desperation and unrest in the streets far worse than summer 2020? Famine is how some believe collapse will trigger a megadeath pulse, but I wouldn’t count out chaotic violence among the citizenry, probably exacerbated and escalated as regimes attempt (unsuccessfully) to restore social order. Are any meaningful steps being taken to stop sucking from the fossil fuel teat and return to small-scale agrarian social organization, establishing degrowth and effectively returning to the land (repatriation is my preferred term) instead of going under it? Greenwashing doesn’t count. This headline (“We Live In A World Without Consequences Where Everyone Is Corrupt“) demonstrates pretty well that garbage economics are what pass for governance, primarily preoccupied with maintaining the capitalist leviathan that has captured everything (capture ought to be the trending word of the 2021 but sadly isn’t). Under such constraint, aged institutions are flatly unable to accomplish or even address their missions anymore. And this headline (“Polls Show That The American People Are Extremely Angry – And They Are About To Get Even Angrier“) promises that things are about to get much, much worse (omitted the obvious-but-erroneous follow-on “before they get better”) — for the obvious reason that more and more people are at the ends of their ropes while the privileged few attend the Met Gala, virtue signal with their butts, and behave as though society isn’t in fact cracking up. Soon enough, we’ll get to truth-test Heinlein’s misunderstood aphorism “… an armed society is a polite society.”

Those who prophesy dates or deadlines for collapse have often been slightly embarrassed (but relieved) that collapse didn’t arrive on schedule. Against all odds, human history keeps trudging further into borrowed time, kicking cans down roads, blowing bubbles, spinning false narratives, insisting that all this is fine, and otherwise living in make-believe land. Civilization has not quite yet reached the end of all things, but developments over the last couple months feel ever more keenly like the equivalent of Frodo and Sam sitting atop Mount Doom, just outside the Cracks of Doom (a/k/a Sammath Naur), except that humanity is not on a noble, sacrificial mission to unmake the One Ring, whatever that might represent outside of fiction (for Tolkien, probably industrial machines capable of planetary destruction, either slowly and steadily or all at once; for 21st-century armchair social critics like me, capitalism). All former certainties, guarantees, sureties, continuities, and warranties are slipping away despite the current administration’s assurances that the status quo will be maintained. Or maybe it’s merely the transition of summer into fall, presaging the annual dormancy of winter looking suspiciously this year like the great dying. Whatever. From this moment on and in a fit of exuberant pique, I’m willing to call the contest: humanity is now decidedly on the down slope. The true end of history approaches, as no one will be left to tell the tale. When, precisely, the runaway train finally careens over the cliff remains unknown though entirely foreseeable. The concentration of goofy references, clichés, and catchphrases above — usually the mark of sophomoric writing — inspires in me to indulge (further) in gallows humor. Consider these metaphors (some mixed) suggesting that time is running out:

  • the show’s not over til it’s over, but the credits are rolling
  • the chickens are coming home to roost
  • the canary in the coal mine is gasping its last breath
  • the fat lady is singing her swan song
  • borrowed time is nearly up
  • time to join the great majority (I see dead people …)
  • the West fades into the west
  • kiss your babies goodnight and kiss your ass goodbye

/rant off

Guy McPherson used to say in his presentations that we’re all born into bondage, meaning that there is no escape from Western civilization and its imperatives, including especially participation in the money economy. The oblique reference to chattel slavery is clumsy, perhaps, but the point is nonetheless clear. For all but a very few, civilization functions like Tolkien’s One Ring, bringing everyone ineluctably under its dominion. Enlightenment cheerleaders celebrate that circumstance and the undisputed material and technological (same thing, really) bounties of the industrial age, but Counter-Enlightenment thinkers recognize reasons for profound discontent. Having blogged at intervals about the emerging Counter-Enlightenment and what’s missing from modern technocratic society, my gnawing guilt by virtue of forced participation in the planet-killing enterprise of industrial civilization is growing intolerable. Skipping past the conclusion drawn by many doomers that collapse and ecocide due to unrestrained human consumption of resources (and the waste stream that follows) have already launched a mass extinction that will extirpate most species (including large mammals such as humans), let me focus instead on gross dysfunction occurring at levels falling more readily within human control.

An Empire of War

Long overdue U.S. troop withdrawal from Afghanistan has already yielded Taliban resurgence, which was a foregone conclusion at whatever point U.S. troops left (and before them, Soviets). After all, the Taliban lives there and had only to wait. Distasteful and inhumane as it may be to Westerners, a powerful faction (religious fanatics) truly wants to live under a 7th-century style of patriarchy. Considering how long the U.S. occupied the country, a new generation of wannabe patriarchs came to adulthood — an unbroken intergenerational descent. Of course, the U.S. (and others) keeps arming them. Indeed, I heard that the U.S. military is considering bombing raids to destroy the war machines left behind as positions were so swiftly abandoned. Oops, too late! This is the handiest example how failed U.S. military escapades extending over decades net nothing of value to anyone besides weapons and ordnance manufacturers and miserable careerists within various government branches and agencies. The costs (e.g., money, lives, honor, sanity) are incalculable and spread with each country where the American Empire engages. Indeed, the military-industrial complex chooses intervention and war over peace at nearly every opportunity (though careful not to poke them bears too hard). And although the American public’s inability to affect policy (unlike the Vietnam War era) doesn’t equate with participation, the notion that it’s a government of the people deposits some of the blame on our heads anyway. My frustration is that nothing is learned and the same war crimes mistakes keep being committed by maniacs who ought to know better.

Crony and Vulture Capitalism

Critics of capitalism are being proven correct far more often than are apologists and earnest capitalists. The two subcategories I most deplore are crony capitalism and vulture capitalism, both of which typically accrue to the benefit of those in no real need of financial assistance. Crony capitalism is deeply embedded within our political system and tilts the economic playing field heavily in favor of those willing to both pay for and grant favors rather than let markets sort themselves out. Vulture capitalism extracts value out of dead hosts vulnerable resource pools by attacking and often killing them off (e.g., Microsoft, Walmart, Amazon), or more charitably, absorbing them to create monopolies, often by hostile takeover at steep discounts. Distressed mortgage holders forced into short sales, default, and eviction is the contemporary example. Rationalizing predatory behavior as competition is deployed regularly.

Other historical economic systems had similarly skewed hierarchies, but none have reached quite the same heartless, absurd levels of inequality as late-stage capitalism. Pointing to competing systems and the rising tide that lifts all boats misdirects people to make ahistorical comparisons. Human psychology normally restricts one’s points of comparison to contemporaries in the same country/region. Under such narrow comparison, the rank injustice of hundred-billionaires (or even simply billionaires) existing at the same time as giant populations of political/economic/climate refugees and the unhoused (the new, glossy euphemism for homelessness) demonstrates the soul-forfeiting callousness of the top quintile and/or 1% — an ancient lesson never learned. Indeed, aspirational nonsense repackages suffering and sells it back to the underclass, which as a matter of definition will always exist but need not have to live as though on an entirely different planet from Richistan.

Human Development

Though I’ve never been a big fan of behaviorism, the idea that a hypercomplex stew of influences, inputs, and stimuli leads to better or worse individual human development, especially in critical childhood years but also throughout life, is pretty undeniable. As individuals aggregate into societies, the health and wellbeing of a given society is linked to the health and wellbeing of those very individuals who are understood metaphorically as the masses. Behaviorism would aim to optimize conditions (as if such a thing were possible), but because American institutions and social systems have been so completely subordinated to capitalism and its distortions, society has stumbled and fumbled from one brand of dysfunction to another, barely staying ahead of revolution or civil war (except that one time …). Indeed, as the decades have worn on from, say, the 1950s (a nearly idyllic postwar reset that looms large in the memories of today’s patrician octogenarians), it’s difficult to imaging how conditions could have deteriorated any worse other than a third world war.

Look no further than the U.S. educational system, both K–12 and higher ed. As with other institutions, education has had its peaks and valleys. However, the crazy, snowballing race to the bottom witnessed in the last few decades is utterly astounding. Stick a pin in it: it’s done. Obviously, some individuals manage to get educated (some doing quite well, even) despite the minefield that must be navigated, but the exception does not prove the rule. Countries that value quality education (e.g., Finland, China, Singapore, Japan, South Korea) in deed, not just in empty words trotted out predictably by every presidential campaign, routinely trounce decidedly middling results in the U.S. and reveal that dysfunctional U.S. political systems and agencies (Federal, state, municipal) just can’t get the job done properly anymore. (Exceptions are always tony suburbs populated by high-earning and -achieving parents who create opportunities and unimpeded pathways for their kids.) Indeed, the giant babysitting project that morphs into underclass school-to-prison and school-to-military service (cannon fodder) pipelines are what education has actually become for many. The opportunity cost of failing to invest in education (or by proxy, American youth) is already having follow-on effects. The low-information voter is not a fiction, and it extends to every American institution that requires clarity to see through the fog machine operated by the mainstream media.

As an armchair social critic, I often struggle to reconcile how history unfolds without a plan, and similarly, how society self-organizes without a plan. Social engineering gets a bad rap for reasons: it doesn’t work (small exceptions exist) and subverts the rights and freedoms of individuals. However, the rank failure to achieve progress (in human terms, not technological terms) does not suggest stasis. By many measures, the conditions in which we live are cratering. For instance, Dr. Gabor Maté discusses the relationship of stress to addiction in a startling interview at Democracy Now! Just how bad is it for most people?

… it never used to be that children grew up in a stressed nuclear family. That wasn’t the normal basis for child development. The normal basis for child development has always been the clan, the tribe, the community, the neighborhood, the extended family. Essentially, post-industrial capitalism has completely destroyed those conditions. People no longer live in communities which are still connected to one another. People don’t work where they live. They don’t shop where they live. The kids don’t go to school, necessarily, where they live. The parents are away most of the day. For the first time in history, children are not spending most of their time around the nurturing adults in their lives. And they’re spending their lives away from the nurturing adults, which is what they need for healthy brain development.

Does that not sound like self-hobbling? A similar argument can be made about human estrangement from the natural world, considering how rural-to-urban migration (largely completed in the U.S. but accelerating in the developing world) has rendered many Americans flatly unable to cope with, say, bugs and dirt and labor (or indeed most any discomfort). Instead, we’ve trapped ourselves within a society that is, as a result of its organizing principles, slowly grinding down everyone and everything. How can any of us (at least those of us without independent wealth) choose not to participate in this wretched concatenation? Nope, we’re all guilty.

In my neighborhood of Chicago, it’s commonplace to see vehicles driving on the road with a giant Puerto Rican flag flying from a pole wedged in each of the rear windows. Often, one of the two flags’ traditional colors (red, white, and blue) is changed to black and white — a symbol of resistance. Puerto Rican politics is a complicated nest of issues I don’t know enough about to say more. However, the zeal of my neighbors is notable. Indeed, as I visited a local farmer’s market last weekend, I couldn’t help but notice quite a welcome diversity on display and folks entirely untroubled by the presence of others who didn’t look just like them (tattoos, unnatural hair colors, long beards and shaved heads, nonstandard attire and accoutrements, etc.). I’m actually pleased to see a level of comfort and freedom to present oneself is such manner as one wishes, and not just because of the buzz phrase “diversity and inclusion.” So go ahead: fly your freak flag high! (This same value applies to viewpoint diversity.)

In contrast, when I venture to some far-flung suburb for sundry activities now that lockdowns and restrictions have been lifted, I encounter mostly white, middle-aged, middle-class suburbanites who admittedly look just like me. It’s unclear that folks in those locales are xenophobic in any way, having withdrawn from city life in all its messiness for a cozy, upscale, crime-free subdivision indistinguishable from the next one over. Maybe that’s an artifact of mid-20th-century white flight, where uniformity of presentation and opinion is the norm. Still, it feels a little weird. (Since the 1980s, some rather well-put-together people have returned to the city center, but that usually requires a king-sized income to purchase a luxury condo in some 50-plus-storey tower. After last summer’s BLM riots, that influx turned again to outflux.) One might guess that, as a visible minority within city confines, I would be more comfortable among my own cohort elsewhere, but that’s not the case. I rather like rubbing elbows with others of diverse backgrounds and plurality of perspectives.

I’ve also grown especially weary of critical race theory being shoved in my face at every turn, as though race is (or should be) the primary lens through which all human relations must be filtered. Such slavish categorization, dropping everyone giant, ill-fitted voting blocs, is the hallmark of ideologues unable to break out of the pseudo-intellectual silos they created for themselves and seek to impose on others. Yet I haven’t joined the growing backlash and instead feel increasingly ill at ease in social situations that appear (on the surface at least) to be too white bread. Shows, perhaps, how notions of race that were irrelevant for most of my life have now crept in and invaded my conscience. Rather than solving or resolving longstanding issues, relentless focus on race instead spreads resentment and discomfort. The melting pot isn’t boiling, but summer is not yet over.

On the heels of a series of snowstorms, ice storms, and deep freezes (mid-Feb. 2021) that have inundated North America and knocked out power to millions of households and businesses, I couldn’t help but to notice inane remarks and single-pane comics to the effect “wish we had some global warming now!” Definitely, things are looking distinctly apocalyptic as folks struggle with deprivation, hardship, and existential threats. However, the common mistake here is to substitute one thing for another, failing to distinguish weather from climate.

National attention is focused on Texas, expected to be declared a disaster zone by Pres. Biden once he visits (a flyover, one suspects) to survey and assess the damage. It’s impossible to say that current events are without precedent. Texas has been in the cross-hairs for decades, suffering repeated droughts, floods, fires, and hurricanes that used to be prefixed by 50-year or 100-year. One or another is now occurring practically every year, which is exactly what climate chaos delivers. And in case the deep freeze and busted water pipes all over Texas appear to have been unpredictable, this very thing happened in Arizona in 2011. Might have been a shot across the bow for Texas to learn from and prepare, but its self-reliant, gun-totin’, freedom-lovin’ (fuck, yeah!), secessionist character is instead demonstrated by having its own electrical grid covering most of the state, separated from other North American power grids, ostensibly to skirt federal regulations. Whether that makes Texas’ grid more or less vulnerable to catastrophic failure is an open question, but events of the past week tested it sorely. It failed badly. People literally froze to death as a result. Some reports indicate Texas was mere moments away from an even greater failure that would have meant months to rebuild and reestablish electrical service. A substantial diaspora would have ensued, essentially meaning more climate refugees.

So where’s the evil in this? Well, let me tell you. Knowledge that we humans are on track to extirpate ourselves via ongoing industrial activity has been reported and ignored for generations. Guy McPherson’s essay “Extinction Foretold, Extinction Ignored” has this to say at the outset:

The warnings I will mention in this short essay were hardly the first ones about climate catastrophe likely to result from burning fossil fuels. A little time with your favorite online search engine will take you to George Perkins Marsh sounding the alarm in 1847, Svente Arrhenius’s relevant journal article in 1896, Richard Nixon’s knowledge in 1969, and young versions of Al Gore, Carl Sagan, and James Hansen testifying before the United States Congress in the 1980s. There is more, of course, all ignored for a few dollars in a few pockets. [links in original]

My personal acquaintance with this large body of knowledge began accumulating in 2007 or so. Others with decision-making capacity have known for much, much longer. Yet short-term motivations shoved aside responsible planning and preparation that is precisely the warrant of governments at all levels, especially, say, the U.S. Department of Energy. Sure, climate change is reported as controversy, or worse, as conspiracy, but in my experience, only a few individuals are willing to speak the obvious truth. They are often branded kooks. Institutions dither, distract, and even issue gag orders to, oh, I dunno, prop up real estate values in south Florida soon to be underwater. I’ve suggested repeatedly that U.S. leaders and institutions should be acting to manage contraction and alleviate suffering best as possible, knowing that civilization will fail anyway. To pretend otherwise and guarantee — no — drive us toward worst-case scenarios is just plain evil. Of course, the megalomania of a few tech billionaires who mistakenly believe they can engineer around society’s biggest problems is just as bad.

Writ small (there’s a phrase no one uses denoting narrowing scope), meaning at a scale less than anthropogenic climate change (a/k/a unwitting geoengineering), American society has struggled to prioritize guns vs. butter for over a century. The profiteering military-industrial complex has clearly won that debate, leaving infrastructure projects, such as bridge and road systems and public utilities, woefully underfunded and extremely vulnerable to market forces. Refusal to recognize public health as a right or public good demanding a national health system (like other developed countries have) qualifies as well. As inflated Pentagon budgets reveal, the U.S. never lacks money to oppress, fight, and kill those outside the U.S. Inside the U.S., however, cities and states fall into ruin, and American society is allowed to slowly unwind for lack of support. Should we withdraw militarily from the world stage and focus on domestic needs, such as homelessness and joblessness? Undoubtedly. Would that leave us open to attack or invasion (other than the demographic invasion of immigrants seeking refuge in the U.S.)? Highly doubtful. Other countries have their own domestic issues to manage and would probably appreciate a cessation of interference and intervention from the U.S. One might accuse me of substituting one thing for another, as I accused others at top, but the guns-vs.-butter debate is well established. Should be obvious that it’s preferable to prioritize caring for our own society rather than devoting so much of our limited time and resources to destroying others.

Black Friday has over the past decades become the default kickoff of annual consumer madness associated with the holiday season and its gift-giving tradition. Due to the pandemic, this year has been considerably muted in comparison to other years — at least in terms of crowds. Shopping has apparently moved online fairly aggressively, which is an entirely understandable result of everyone being locked down and socially distanced. (Lack of disposable income ought to be a factor, too, but American consumers have shown remarkable willingness to take on substantial debt when able in support of mere lifestyle.) Nevertheless, my inbox has been deluged over the past week with incessant Black Friday and Cyber Monday advertising. Predictably, retailers continue feeding the frenzy.

Uncharacteristically, perhaps, this state of affairs is not the source of outrage on my part. I recognize that we live in a consumerist, capitalist society that will persist in buying and selling activities even in the face of increasing hardship. I’m also cynical enough to expect retailers (and the manufacturers they support, even if those manufacturers are Chinese) to stoke consumer desire through advertising, promotions, and discount sales. It’s simply what they do. Why stop now? Thus far, I’ve seen no rationalizations or other arguments excusing how it’s a little ghoulish to be profiting while so many are clearly suffering and facing individual and household fiscal cliffs. Instead, we rather blandly accept that the public needs to be served no less by mass market retailers than by, say, grocery and utility services. Failure by the private sector to maintain functioning supply lines (including nonessentials, I suppose) during a crisis would look too much like the appalling mismanagement of the same crisis by local, state, and federal governments. Is it ironic that centralized bureaucracies reveal themselves as incompetent at the very same time they consolidate power? Or more cynically, isn’t it outrageous that they barely even try anymore to address the true needs of the public?

One of the questions I’ve posed unrhetorically is this: when will it finally become undeniably clear that instead of being geared to growth we should instead be managing contraction? I don’t know the precise timing, but the issue will be forced on us sooner or later as a result of radically diminishing return (compared to a century ago, say) on investment (ROI) in the energy sector. In short, we will be pulled back down to earth from the perilous heights we scaled as resources needed to keep industrial civilization creaking along become ever more difficult to obtain. (Maybe we’ll have to start using the term unobtainium from the Avatar movies.) Physical resources are impossible to counterfeit at scale, unlike the bogus enormous increase in the fiat money supply via debt creation. If/when hyperinflation makes us all multimillionaires because everything is grossly overvalued, the absurd paradox of being cash rich yet resource poor ought to wake up some folks.

What a doomer (finance only) U.S. presidential candidate might have said to voters if the truth were told, according to Egon von Greyerz (Britishisms noted):

Our nation is bankrupt. We cannot make ends meet and we need to eliminate Medicare/Medicaid, Social Security and Defence totally to balance the budget. That will save us $3 trillion which almost covers the 2020 deficit.

The problem is that we expect a bigger deficit next year. Covid is paralysing major parts of the country and will be very costly. It will also have permanent negative effects. In addition, we expect major problems in the insolvent financial system. This will necessitate the printing of further trillions of dollars or even tens of trillions.

But as we print these dollars, we get an ever bigger problem. The value of the dollar will fall precipitously and we will need to print and borrow even more. That will create a vicious circle with a lower dollar, bigger deficits and bigger debts plus inflation.

So these are the facts. I am obviously very sorry to present these to you but I am certain that there can be no other outcome.

I sincerely hope that you will elect me on this platform. After all, I am the only presidential candidate in history who has told his people the truth and the real state of the nation.

And please don’t believe the fake promises of the other candidate. A liar doesn’t deserve to be president.

Finally, I promise to do my best to manage the coming disorderly collapse of the USA to the best of my ability.

Supporting the Vietnam war was dumb. Supporting the Iraq invasion after being lied
to about Vietnam was an order of magnitude dumber. Supporting any US war agendas
after being lied to about Iraq is an order of magnitude even dumber than that.
—Caitlin Johnstone

Upon rereading, and with the advantage of modest hindsight, I think I got it exactly correct in this 5-year-old blog post. Even the two brief comments are correct. More specifically, the United States is understood to be the sole remaining military superpower following the collapse of the Soviet Union in 1991. Never mind that numerous countries count themselves members of the nuclear club (cue Groucho Marx joke) and thus possess sufficient power to destroy the world. Never mind that the U.S. failed to win the Korean War or the Vietnam War (the two major U.S. military involvements post-WWII), or in fact any of numerous 21st-century wars (undeclared, de facto, continuing). Never mind that the U.S. has been successful at multiple smaller regime-change actions, often on the back of a civil war instigated by the U.S. and purposefully designed to install a puppet leader. And never mind that the capitalist competition for control of economic resources and capture of perpetual growth is being won handily by China. Nope, the U.S. is no longer the only superpower but is instead busy transitioning from superpower (military and economic) to failed state. Or in the language of that old blog post, the U.S. is now a geopolitical Strong/Stupid hybrid but is actively deploying stupidity in a feverish play to be merely Stupid. The weirdest aspect, perhaps, is that it’s being done right in front of god and everybody, yet few bother to take notice.

It’s no stretch to assert that in the U.S. in particular (but also true of nearly every regime across the world), we’re piling stupidity upon stupidity. If I were inclined to go full conspiracy like some QAnon fool, I’d have to say that the power elite have adopted a deep, 3D-chess strategy that means one of two possible things using the Rock-Paper-Scissors power dynamic algorithm (which, unlike tic-tac-toe, produces a winner) modified and inverted to Strong-Stupid-Smart: it’s either (1) very Smart of them to appear so Stupid, granting victory (against all appearances) over Strong (but only Strong in a three-legged contest), or (2) they reject the algorithm entirely in the misguided belief that nuthin’ beats stoopid. That second option would indeed be entirely consistent with Stupid.

Take for instance three looming issues: the pandemic (and its follow-on effects), the U.S. presidential election (ugh, sorry, it’s unavoidable), and climate change. They loom threateningly despite being well underway already. But with each, we’ve acted and behaved very stupidly, stunningly so I would argue, boxing ourselves in and doing worse damage over time than if we had taken proper steps early on. But as suggested in a previous blog post, the truth is that decision-makers haven’t really even tried to address these issues with the purpose of solving, resolving, winning, remedying, or ameliorating entirely predictable outcomes. Rather, issues are being either swept under the rug (ignored with the futile hope that they will go away or resolve themselves on their own) or displaced in time for someone else to handle. This second option occurs quite a lot, which is also known as kicking the can down the road or stealing from the future (as with sovereign debt). What happens when there’s no more future (for humans and their institutions, anyway) because it’s been squandered in the present? You already know the answer(s) to that question.

Our society fixates on Nazi Germany with such masturbatory fascination because it allows
us to pretend that horrific mass-scale evil is just something that was inflicted in the past, by someone
else, in another part of the world, and not right here and now by our own government.
—Caitlin Johnstone

Johnstone continues to impress with her ability to concentrate a variety of ideological traits and behaviors into a succinct aphorism, though the one above isn’t especially short. Nazis are the canonical example of fixation, of course, but perusal of recent history indicates any number of others standing in today for yesteryear’s Nazis, e.g., Soviets/Russians, Islamofascists, and Chinese. U.S. thought leaders are sloppy that way. Fixation on others functions as an acute distancing (from ourselves) and distraction mechanism to avoid any discomfiting self-examination we might undertake, as well as to provide scapegoats for negative identity that drives American psychosis. We’re not alone in that regard.

National identity is not the primary subject of this blog post, however. It’s how the United States (in particular, but the rest of the world in the wake of its example) has become a shit show of mismanagement and dysfunction, or put another way, how the U.S. has become a failed state. Quite an accomplishment considering that, for at least a little while longer, the U.S. is the world’s hegemon.

Have a look at this list of the federal executive departments and their chiefs:

  • Dept. of State — Secretary Mike Pompeo
  • Dept. of Treasury — Secretary Steven Mnuchin
  • Dept. of Defense — Secretary Dr. Mark T. Esper
  • Dept. of Justice — Attorney General William P. Barr
  • Dept. of Interior — Secretary David Bernhardt
  • Dept. of Agriculture (USDA) — Secretary Sonny Perdue III
  • Dept. of Commerce — Secretary Wilbur L. Ross, Jr.
  • Dept. of Labor — Secretary Eugene Scalia
  • Dept. of Health and Human Services (HHS) — Secretary Alex Azar
  • Dept. of Housing and Urban Development (HUD) — Secretary Ben Carson
  • Dept. of Transportation (DOT) — Secretary Elaine Chao
  • Dept. of Energy (DOE) — Secretary Rick Perry
  • Dept. of Education — Secretary Betsy DeVos
  • Dept. of Veterans Affairs (VA) — Secretary Robert Wilkie
  • Dept. of Homeland Security — Acting Secretary Chad Wolf

Budgets for these departments range from just under $10 billion to nearly $1.3 trillion, covering most of areas of American life outside of entertainment (including the arts, sports, games, and what some argue is the preeminent art form during lockdown, streaming TV). Of those chiefs above, the most infamous ones are known because they’re embroiled in ongoing controversy or were appointed to dismantle the department itself — a cynical Republican strategy to ruin, not run, various government activities. A blurb behind each one demonstrating its most abject failure would be relatively easy to compile, but I demur. Instead, here’s a cogent example: James Howard Kunstler’s assessment of the death of education. Another example is a YouTube video called “Seattle is Dying,” a local news documentary from March 2019 (well before the pandemic) about how homelessness is ruining Seattle. People literally living and dying in the streets had been in mind when this was published a couple days ago:

Clearly, the situation in Seattle (and indeed, every American city) is poised to get very much worse. The U.S. is a failed state, yet our elected government is driving it further into the ground. As bad as everything is now, amidst a global pandemic, unemployment and homelessness spiking unprecedentedly, debt being piled onto taxpayers to keep asset prices high (read: to keep the wealthy whole), and what Caitlin Johnstone calls a slo-mo war against those few countries not yet absorbed into the U.S. empire’s power nexus, there is still that other looming catastrophe going largely ignored: climate change. Xray Mike came back to life at his blog (where I used to post as well) to remind that things around the world are still every bit as awful (and worsening) as one could imagine:

As governments stared glass-eyed at what was unfolding in China earlier this year, the fragility of modern life’s interconnectedness was soon to be laid bare by a microscopic organism. Within a couple months of the onset of the coronavirus pandemic, airline travel from China had spread the novel virus to more than 60 countries. Despite decades of warnings about the inevitability of such an event, politicians had paid about as much lip service to preventing the next pandemic as they had to dealing with climate change. As has been warned by health experts, the best we can hope for is to blunt the effects of the COVID-19 disease on the global population; eradicating it will be futile. Something similar could be said of the legacy effects of our CO2 emissions which will haunt life on Earth for time immemorial. [underlying links removed]

We are not just a failed state but a failed civilization. But hey, vote for one of the two stooges offered by the failed two-party system in the sham presidential election in two months. How could it possibly get any worse?

Caveat: rather overlong for me, but I got rolling …

One of the better articles I’ve read about the pandemic is this one by Robert Skidelsky at Project Syndicate (a publication I’ve never heard of before). It reads as only slightly conspiratorial, purporting to reveal the true motivation for lockdowns and social distancing, namely, so-called herd immunity. If that’s the case, it’s basically a silent admission that no cure, vaccine, or inoculation is forthcoming and the spread of the virus can only be managed modestly until it has essentially raced through the population. Of course, the virus cannot be allowed to simply run its course unimpeded, but available impediments are limited. “Flattening the curve,” or distributing the infection and death rates over time, is the only attainable strategy and objective.

Wedding mathematical and biological insights, as well as the law of mass action in chemistry, into an epidemic model may seem obvious now, but it was novel roughly a century ago. We’re also now inclined, if scientifically oriented and informed, to understand the problem and its potential solutions management in terms of engineering rather than medicine (or maybe in terms of triage and palliation). Global response has also made the pandemic into a political issue as governments obfuscate and conceal true motivations behind their handling (bumbling in the U.S.) of the pandemic. Curiously, the article also mentions financial contagion, which is shaping up to be worse in both severity and duration than the viral pandemic itself.

(more…)

Here’s a rather strange interaction: destruction budgets and moral license. The former refers to a theoretical or proposed budget for allowable environmental destruction. The latter refers to how doing something good allows rationalization of doing something bad as though one offsets (recognize that word?) the other. A familiar example is a physical workout that justifies a later sugar binge.

So just maybe some (outside executive offices anyway) are coming round to the idea that ongoing destruction of nature ought to be curtailed or better regulated. That’s the thrust of an article in Nature that mentions emissions budgets, which I’ve renamed destruction budgets. The article provides a decent overview of the largest threats, or environmental tipping points, that lead to an uninhabitable Earth. Human activity isn’t only about greenhouse gas emissions, however. Because industrial civilization has essentially had an unlimited destruction budget in the past, we’ve depleted and toxified air, soil, and water at such an alarming rate that we now have a limited number of harvests left and already face fresh water shortages that are only expected to worsen.

Turning to the viral pandemic, large segments of the population kept at home on lockdown triggered a different sort of destruction budget that didn’t exist before it suddenly did: economic destruction, joblessness, and financial ruin. For many Americans already stretched thin financially and psychologically, if the virus doesn’t get you first, then bankruptcy and despair will. Several rounds of bailouts (based on money that doesn’t exist) followed the economic slowdown and are freighted with moral hazard and moral license. Prior bailouts make clear where most of the money goes: deep corporate pockets, banks, and Wall Street. According to this unsophisticated poll, a clear majority do not want banks and financial institutions bailed out. There is even stronger public support for conditions on corporate bailouts, especially those conditions designed to protect employees.

Since we’re in wildly uncharted terrain from only 1.5 months of whatever this new paradigm is, it’s nearly impossible to predict what will occur by summertime or the fall. We’ve blown way past any reasonable destruction budget. In truth, such budgets probably never existed in the first place but were only used as metaphors to make plans no one expects to be binding, much like the toothless 2016 Paris Agreement. Every time we set a hypothetical self-imposed limit, we exceed it. That’s why, to me at least, 350.org is such a cruel joke: the target ceiling was breached decades before the organization was even founded in 2009 and hasn’t slowed its rate of increase since then. In effect, we’ve given ourselves license to disregard any imaginary budgets we might impose on ourselves. The pertinent question was raised by Thomas Massie (KY-Rep.) in the first new bailout bill when he openly challenged the number: “If getting us into $6 trillion more debt doesn’t matter, then why are we not getting $350 trillion more in debt so that we can give a check of $1 million to every person in the country?” How weird is it that both issues cite the number 350?