Posts Tagged ‘Outrage’

News aggregators such as Yahoo! are known to publish videos seeking help identifying perpetrators of crime caught on camera. There is no one canonical example, but those that pop for me usually depict some young dude mugging and robbing an old woman, presumably for whatever the contents of her purse might be. It’s disheartening to witness (at some remove) common street crime perpetrated so casually. Right, wrong, and one’s position in relation to those categories can’t be so difficult that criminals don’t know the difference. Yet they commit crime anyway. Then it struck me, “why, of course! We’re predators.” More than that, we’re apex predators. Let me explain.

Everything alive eats (and poops). Food for animals is mostly other living things, both plants and other animals. Accordingly, the basic relationship of animals to each another, even the noncarnivorous ones, is predator and prey. Predatory behavior usually occurs across species boundaries for social species but sometimes within. Besides crime videos, one can go online to watch vicariously as predators dispatch their prey. I recall being astounded to see golden eagles snatch goats off the sides of mountains or ravines only to release them from a height sufficient to result in impact death. They aren’t called birds of prey for nothing. If goats in this instance die quickly albeit painfully, the same can’t be said for victims of bears, which are known to pin down their prey and just start eating before the victim is even dead. Not all predators use size advantage, either. Some swarm their victims, others use disproportionate strength or immobilizing poison, and others sting and extract (without killing directly) or burrow and bore into their victims and consume them from inside. Sometimes, as in the insect world, a host organism is used as an incubator for a brood of offspring. Nature evolved a multiplicity of mechanisms and strategies for eating, for survival. Many are absolutely horrific to contemplate, but in a state of nature, they occur without implied moral weight.

It’s different (but then not so different) for humans, who no longer live in a strict state of nature but are instead members of civilized societies. We evolved and developed mechanisms, strategies, and tools to dominate all of nature and have essentially taken over the planet as the most successful of all apex predators — at least temporarily. It’s in our nature to do so, just as a big cat or alligator clamps its jaws on its prey. Billions of fowl, swine, and beef farmed for food production in frankly appalling conditions (thus the need for Ag Gag laws) attest to our callous treatment of other species. But humans have moral, ethical, and legal restraints when it comes to intraspecies predation. Some observe those restraints, others do not. Muggers and purse snatchers occupy middle ground, since killing isn’t necessary to secure food (or money) to survive. Writ large, exploitation of labor by the ownership class is arguably part of that middle ground, too. The main difference is that survival for corporate entities such as Walmart and Amazon (or their multibillionaire owners) is far less precarious than for a coyote stealing chickens out of backyards for its next meal.

/rant on

Had a rather dark thought, which recurs but then fades out of awareness and memory until conditions reassert it. Simply put, it’s that the mover-shaker-decision-maker sociopaths types in government, corporations, and elsewhere (I refuse to use the term influencer) are typically well protected (primarily by virtue of immense wealth) from threats regular folks face and are accordingly only too willing to sit idly by, scarcely lifting a finger in aid or assistance, and watch dispassionately as others scramble and scrape in response to the buffeting torrents of history. The famous example (even if not wholly accurate) of patrician, disdainful lack of empathy toward others’ plight is Marie Antoinette’s famous remark: “Let them eat cake.” Citing an 18th-century monarch indicates that such tone-deaf sentiment has been around for a long time.

Let me put it another way, since many of our problems are of our own creation. Our styles of social organization and their concomitant institutions are so overloaded with internal conflict and corruption, which we refuse to eradicate, that it’s as though we continuously tempt fate like fools playing Russian roulette. If we were truly a unified nation, maybe we’d wise up and adopt a different organizational model. But we don’t shoulder risk or enjoy reward evenly. Rather, the disenfranchised and most vulnerable among us, determined a variety of ways but forming a substantial majority, have revolvers to their heads with a single bullet in one of five or six chambers while the least vulnerable (the notorious 1%) have, in effect, thousands or millions of chambers and an exceedingly remote chance of firing the one with the bullet. Thus, vulnerability roulette.

In the midst of an epochal pandemic and financial crisis, who gets sacrificed like so much cannon fodder while others retreat onto their ocean-going yachts or into their boltholes to isolate from the rabble? Everyone knows it’s always the bottom rungs of the socioeconomic ladder who unjustly suffer the worst, a distinctly raw deal unlikely ever to change. The middle rungs are also suffering now as contraction affects more and more formerly enfranchised groups. Meanwhile, those at the top use crises as opportunities for further plunder. In an article in Rolling Stone, independent journalist Matt Taibbi, who covered the 2008 financial collapse, observes that our fearless leaders (fearless because they secure themselves before and above all else) again made whole the wealthiest few at the considerable expense of the rest:

The $2.3 trillion CARES Act, the Donald Trump-led rescue package signed into law on March 27th, is a radical rethink of American capitalism. It retains all the cruelties of the free market for those who live and work in the real world, but turns the paper economy into a state protectorate, surrounded by a kind of Trumpian Money Wall that is designed to keep the investor class safe from fear of loss.

This financial economy is a fantasy casino, where the winnings are real but free chips cover the losses. For a rarefied segment of society, failure is being written out of the capitalist bargain.

Why is this a “radical rethink”? We’ve seen identical behaviors before: privatization of profit, indemnification of loss, looting of the treasury, and refusal to prosecute exploitation, torture, and crimes against humanity. Referring specifically to financialization, this is what the phrase “too big to fail” means in a nutshell, and we’ve been down this stretch of road repeatedly.

Naturally, the investor class isn’t ordered back to work at slaughterhouses and groceries to brave the epidemic. Low-wage laborers are. Interestingly, well compensated healthcare workers are also on the vulnerability roulette firing line — part of their professional oaths and duties — but that industry is straining under pressure from its inability to maintain profitability during the pandemic. Many healthcare workers are being sacrificed, too. Then there are tens of millions newly unemployed and uninsured being told that the roulette must continue into further months of quarantine, the equivalent of adding bullets to the chambers until their destruction is assured. The pittance of support for those folks (relief checks delayed or missing w/o explanation or recourse and unemployment insurance if one qualifies, meaning not having already been forced into the gig economy) does little to stave off catastrophe.

Others around the Web have examined the details of several rounds of bailout legislation and found them unjust in the extreme. Many of the provisions actually heap insult and further injury upon injury. Steps that could have been taken, and in some instances were undertaken in past crises (such as during the Great Depression), don’t even rate consideration. Those safeguards might include debt cancellation, universal basic income (perhaps temporary), government-supported healthcare for all, and reemployment through New Deal-style programs. Instead, the masses are largely left to fend for themselves, much like the failed Federal response to Hurricane Katrina.

Some of this is no doubt ideological. A professional class of ruling elites are the only ones to be entrusted with guiding the ship of state, or so goes the political philosophy. But in our capitalist system, government has been purposefully hamstrung and hollowed out to the point of dysfunction precisely so that private enterprise can step in. And when magical market forces fail to stem the slide into oblivion, “Welp, sorry, th-th-that’s all folks,” say the supposed elite. “Nothing we can do to ease your suffering! Our attentions turn instead to ourselves, the courtiers and sycophants surrounding us, and the institutions that enable our perfidy. Now go fuck off somewhere and die, troubling us no more.”

/rant off

Most news I gather is for me unsurprising. That’s the regrettable condition of a doomer continuously learning of different sorts of corruption and awfulness piling up. For instance, the coronavirus crisis is unsurprising to me, as I’ve opined many times that a pandemic was overdue. The previous time I remember being surprised — sickened actually — was learning of the Great Pacific Garbage Patch. (Similar garbage gyres are found in all oceanic bodies.) I’m surprised and sickened yet again upon learning that the Environmental Protection Agency (EPA) has suspended enforcement of environmental laws against industries that despoil the environment in the course of their activities. Polluters are being granted, in effect, a license to kill. The 7-pp. memo can be found here.

I tried to read the memo, but it’s formulated in that dry, bureaucratic style that obfuscates meaning and puts readers to sleep. The news is reported here in a more readable fashion. The EPA’s action is purportedly a temporary response to the pandemic, but the crisis and the response seem to me unrelated except in the sense of “never let a serious crisis go to waste.” I fully expect opportunists to further consolidate power at the Federal level; I never suspected the crisis would be used to enable rape and pillage of the earth’s resources without consequence. No doubt, free rein to relax precautions is a dream many industrialists harbor, which aligns handily with GOP politics. Even to a cynic, however, this revision of policy is astonishing.

The earth has suffered quite a series of insults and injuries at the hands of its apex predator. How much more the earth can absorb is an impossible question to answer. However, it will obviously outlast us. We depend wholly on it, while it is indifferent to our needs. So the decision to loosen up and accept destruction not normally countenanced only hastens us early into the grave we have been digging for ourselves for the past three centuries or so. The pandemic and industrial civilization are already in the process of killing us (and in truth, probably most everything else). No need to accelerate further.

Caveat: I’m not an economist, nor do I subscribe to most economic analyses. The dismal science is a weird sort of voodoo practiced by self-proclaimed priests and wizards. So more than usual, this blog post is me talking outta my ass.

As we enter a new phase of history where developments come barreling at us with seismic force, the past offers limited guidance what to expect or how to act or react. We are all being sorely tested in myriad ways. Considering how so much of modern civilization depends on money to keep things going, we’re also now testing the limits of fiat currency’s departure from reality before the whole stinkin’ mess collapses. The appearance of cryptocurrencies based on absolutely nothing (unless social consensus and/or obscurantism counts) was easy to ignore, though the opportunity cost is obvious. Public debt and unfunded obligations (e.g., ballooning repayment schedules, entitlements, pensions) have been less easy to ignore, though that proverbial can continues to be kicked down the road indefinitely. But now, this week, we’re greeted with news that the U.S. Congress is readying helicopter money to be showered on everyone to stave off the very collapse some of us consider inevitable. Can’t ignore that. How it will be distributed is unknown (by me, at least), but historical guidance suggests that the least needful will be getting most of it.

The rather precipitous disappearance and reappearance of money (or value) from the U.S. stock market, first in a matter of weeks and then in only days, invites not just disbelief but jaw-dropping incredulity. Unlike the previous crash/recovery when the malefactors and beneficiaries were mostly the same claque of Wall Street goons, this latest crash and preposterous flash recovery (for now) owes its origin to other causes, not that any of the old vulnerabilities were lessened. Most regular citizens a decade ago wanted bad actors — criminals, really — prosecuted and jailed. Didn’t happen, of course, and we have no such scapegoats this time around. Moreover, whatever the extraordinary measures might best be called (bail-outs, bail-ins, etc.), they signal a foundational test of the nature of money.

Modern monetary theory (MMT) would have us believe that sovereign countries like the U.S., especially because the U.S. dollar functions as the world’s reserve currency, can essentially print and spend as much of the stuff as needed. No blowback will result — certainly not the dread specter of hyperinflation. But how confident can anyone be in the theory when its relatively modest prior practice has been immoderated so egregiously? If hyperinflation does indeed follow, which I can’t prophesy, economic priests and wizards ought to be defrocked permanently. Good luck with that, I suppose; rational explanations fare poorly with a public fed a steady diet of false narratives, lies, cons, and swindles leavened with a heavy dose of aspiration and hope, if not outright greed.

A heavily used rhetorical device of mine is to remind folks that there is always a bigger umbrella over the narrow theme of any blog post, and this final paragraph is no different. That covering is the nonmonetary resources that the money economy motivates. Whether a loaf of bread costs 20ยข or $20, the bread is what really sustains us, not whatever make-believe currency we use to facilitate exchange. Sure, the money compels us (for now) to do the things that make the bread or extract the oil or assemble the disparate parts of the widget. But once money becomes worthless or goods become so prohibitively expensive our efforts no longer suffice to sustain us, what then? We have no alternatives or second chances on the horizon, do we? Thus, the anticipated infusion of helicopter money might well be the equivalent of an all-in bet in poker. That’s a pretty big bet with whole population hanging in the balance.