Showing posts with label collapse. Show all posts
Showing posts with label collapse. Show all posts

Thursday, September 29, 2011

Open Culture - Meltdown: The Secret History of the Global Financial Collapse


Cool documentary share from Open Culture. This series explains WHY people are protesting on Wall Street in the #occupywallstreet movement, our own little experiment in citizen rebellion.
Doc Zone, a documentary series produced by CBC Television, is now airing, Meltdown, a four part investigation into the great financial debacle of 2008. Along the way, the CBC’s Terence McKenna takes viewers “behind the headlines and into the backrooms at the highest levels of world governments and banking institutions, revealing the astonishing level of backstabbing and tension behind the scenes as the world came dangerously close to another Great Depression.”


Below, we have posted the first episode called “The Men Who Crashed the World.” The remaining programs can be watched by clicking here and scrolling down the page. Or by heading to Al Jazeera’s English site, which also hosts the four-part series. H/T to William for sending this along…


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Saturday, April 09, 2011

Chris Hedges - The Collapse of Globalization

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Chris Hedges seems to be a bit of a Cassandra figure in American political writing - he offers dire predictions of continuing business as usual, and very few people pay attention to his visions. This recent article appeared at Truthdig.

The Collapse of Globalization

by: Chris Hedges

The uprisings in the Middle East, the unrest that is tearing apart nations such as the Ivory Coast, the bubbling discontent in Greece, Ireland and Britain and the labor disputes in states such as Wisconsin and Ohio presage the collapse of globalization. They presage a world where vital resources, including food and water, jobs and security, are becoming scarcer and harder to obtain. They presage growing misery for hundreds of millions of people who find themselves trapped in failed states, suffering escalating violence and crippling poverty. They presage increasingly draconian controls and force—take a look at what is being done to Pfc. Bradley Manning—used to protect the corporate elite who are orchestrating our demise.

We must embrace, and embrace rapidly, a radical new ethic of simplicity and rigorous protection of our ecosystem—especially the climate—or we will all be holding on to life by our fingertips. We must rebuild radical socialist movements that demand that the resources of the state and the nation provide for the welfare of all citizens and the heavy hand of state power be employed to prohibit the plunder by the corporate power elite. We must view the corporate capitalists who have seized control of our money, our food, our energy, our education, our press, our health care system and our governance as mortal enemies to be vanquished.

Adequate food, clean water and basic security are already beyond the reach of perhaps half the world’s population. Food prices have risen 61 percent globally since December 2008, according to the International Monetary Fund. The price of wheat has exploded, more than doubling in the last eight months to $8.56 a bushel. When half of your income is spent on food, as it is in countries such as Yemen, Egypt, Tunisia and the Ivory Coast, price increases of this magnitude bring with them malnutrition and starvation. Food prices in the United States have risen over the past three months at an annualized rate of 5 percent. There are some 40 million poor in the United States who devote 35 percent of their after-tax incomes to pay for food. As the cost of fossil fuel climbs, as climate change continues to disrupt agricultural production and as populations and unemployment swell, we will find ourselves convulsed in more global and domestic unrest. Food riots and political protests will be inevitable. But it will not necessarily mean more democracy.

The refusal by all of our liberal institutions, including the press, universities, labor and the Democratic Party, to challenge the utopian assumptions that the marketplace should determine human behavior permits corporations and investment firms to continue their assault, including speculating on commodities to drive up food prices. It permits coal, oil and natural gas corporations to stymie alternative energy and emit deadly levels of greenhouse gases. It permits agribusinesses to divert corn and soybeans to ethanol production and crush systems of local, sustainable agriculture. It permits the war industry to drain half of all state expenditures, generate trillions in deficits, and profit from conflicts in the Middle East we have no chance of winning. It permits corporations to evade the most basic controls and regulations to cement into place a global neo-feudalism. The last people who should be in charge of our food supply or our social and political life, not to mention the welfare of sick children, are corporate capitalists and Wall Street speculators. But none of this is going to change until we turn our backs on the Democratic Party, denounce the orthodoxies peddled in our universities and in the press by corporate apologists and construct our opposition to the corporate state from the ground up. It will not be easy. It will take time. And it will require us to accept the status of social and political pariahs, especially as the lunatic fringe of our political establishment steadily gains power. The corporate state has nothing to offer the left or the right but fear. It uses fear—fear of secular humanism or fear of Christian fascists—to turn the population into passive accomplices. As long as we remain afraid nothing will change.

Friedrich von Hayek and Milton Friedman, two of the major architects for unregulated capitalism, should never have been taken seriously. But the wonders of corporate propaganda and corporate funding turned these fringe figures into revered prophets in our universities, think tanks, the press, legislative bodies, courts and corporate boardrooms. We still endure the cant of their discredited economic theories even as Wall Street sucks the U.S. Treasury dry and engages once again in the speculation that has to date evaporated some $40 trillion in global wealth. We are taught by all systems of information to chant the mantra that the market knows best.

It does not matter, as writers such as John Ralston Saul have pointed out, that every one of globalism’s promises has turned out to be a lie. It does not matter that economic inequality has gotten worse and that most of the world’s wealth has became concentrated in a few hands. It does not matter that the middle class—the beating heart of any democracy—is disappearing and that the rights and wages of the working class have fallen into precipitous decline as labor regulations, protection of our manufacturing base and labor unions have been demolished. It does not matter that corporations have used the destruction of trade barriers as a mechanism for massive tax evasion, a technique that allows conglomerates such as General Electric to avoid paying any taxes. It does not matter that corporations are exploiting and killing the ecosystem on which the human species depends for life. The steady barrage of illusions disseminated by corporate systems of propaganda, in which words are often replaced with music and images, are impervious to truth. Faith in the marketplace replaces for many faith in an omnipresent God. And those who dissent—from Ralph Nader to Noam Chomsky—are banished as heretics.

The aim of the corporate state is not to feed, clothe or house the masses, but to shift all economic, social and political power and wealth into the hands of the tiny corporate elite. It is to create a world where the heads of corporations make $900,000 an hour and four-job families struggle to survive. The corporate elite achieves its aims of greater and greater profit by weakening and dismantling government agencies and taking over or destroying public institutions. Charter schools, mercenary armies, a for-profit health insurance industry and outsourcing every facet of government work, from clerical tasks to intelligence, feed the corporate beast at our expense. The decimation of labor unions, the twisting of education into mindless vocational training and the slashing of social services leave us ever more enslaved to the whims of corporations. The intrusion of corporations into the public sphere destroys the concept of the common good. It erases the lines between public and private interests. It creates a world that is defined exclusively by naked self-interest.

The ideological proponents of globalism—Thomas Friedman, Daniel Yergin, Ben Bernanke and Anthony Giddens—are stunted products of the self-satisfied, materialistic power elite. They use the utopian ideology of globalism as a moral justification for their own comfort, self-absorption and privilege. They do not question the imperial projects of the nation, the widening disparities in wealth and security between themselves as members of the world’s industrialized elite and the rest of the planet. They embrace globalism because it, like most philosophical and theological ideologies, justifies their privilege and power. They believe that globalism is not an ideology but an expression of an incontrovertible truth. And because the truth has been uncovered, all competing economic and political visions are dismissed from public debate before they are even heard.

The defense of globalism marks a disturbing rupture in American intellectual life. The collapse of the global economy in 1929 discredited the proponents of deregulated markets. It permitted alternative visions, many of them products of the socialist, anarchist and communist movements that once existed in the United States, to be heard. We adjusted to economic and political reality. The capacity to be critical of political and economic assumptions resulted in the New Deal, the dismantling of corporate monopolies and heavy government regulation of banks and corporations. But this time around, because corporations control the organs of mass communication, and because thousands of economists, business school professors, financial analysts, journalists and corporate managers have staked their credibility on the utopianism of globalism, we speak to each other in gibberish. We continue to heed the advice of Alan Greenspan, who believed the third-rate novelist Ayn Rand was an economic prophet, or Larry Summers, whose deregulation of our banks as treasury secretary under President Bill Clinton helped snuff out some $17 trillion in wages, retirement benefits and personal savings. We are assured by presidential candidates like Mitt Romney that more tax breaks for corporations would entice them to move their overseas profits back to the United States to create new jobs. This idea comes from a former hedge fund manager whose personal fortune was amassed largely by firing workers, and only illustrates how rational political discourse has descended into mindless sound bites.

We are seduced by this childish happy talk. Who wants to hear that we are advancing not toward a paradise of happy consumption and personal prosperity but a disaster? Who wants to confront a future in which the rapacious and greedy appetites of our global elite, who have failed to protect the planet, threaten to produce widespread anarchy, famine, environmental catastrophe, nuclear terrorism and wars for diminishing resources? Who wants to shatter the myth that the human race is evolving morally, that it can continue its giddy plundering of non-renewable resources and its profligate levels of consumption, that capitalist expansion is eternal and will never cease?

Dying civilizations often prefer hope, even absurd hope, to truth. It makes life easier to bear. It lets them turn away from the hard choices ahead to bask in a comforting certitude that God or science or the market will be their salvation. This is why these apologists for globalism continue to find a following. And their systems of propaganda have built a vast, global Potemkin village to entertain us. The tens of millions of impoverished Americans, whose lives and struggles rarely make it onto television, are invisible. So are most of the world’s billions of poor, crowded into fetid slums. We do not see those who die from drinking contaminated water or being unable to afford medical care. We do not see those being foreclosed from their homes. We do not see the children who go to bed hungry. We busy ourselves with the absurd. We invest our emotional life in reality shows that celebrate excess, hedonism and wealth. We are tempted by the opulent life enjoyed by the American oligarchy, 1 percent of whom control more wealth than the bottom 90 percent combined.

The celebrities and reality television stars whose foibles we know intimately live indolent, self-centered lives in sprawling mansions or exclusive Manhattan apartments. They parade their sculpted and surgically enhanced bodies before us in designer clothes. They devote their lives to self-promotion and personal advancement, consumption, parties and the making of money. They celebrate the cult of the self. And when they have meltdowns we watch with gruesome fascination. This empty existence is the one we are taught to admire and emulate. This is the life, we are told, we can all have. The perversion of values has created a landscape where corporate management by sleazy figures like Donald Trump is confused with leadership and where the ability to accumulate vast sums of money is confused with intelligence. And when we do glimpse the poor or working class on our screens, they are ridiculed and taunted. They are objects of contempt, whether on “The Jerry Springer Show” or “Jersey Shore.”

The incessant chasing after status, personal advancement and wealth has plunged most of the country into unmanageable debt. Families, whose real wages have dropped over the past three decades, live in oversized houses financed by mortgages they often cannot repay. They seek identity through products. They occupy their leisure time in malls buying things they do not need. Those of working age spend their weekdays in little cubicles, if they still have steady jobs, under the heels of corporations that have disempowered American workers and taken control of the state and can lay them off on a whim. It is a desperate scramble. No one wants to be left behind.

The propagandists for globalism are the natural outgrowth of this image-based and culturally illiterate world. They speak about economic and political theory in empty clichés. They cater to our subliminal and irrational desires. They select a few facts and isolated data and use them to dismiss historical, economic, political and cultural realities. They tell us what we want to believe about ourselves. They assure us that we are exceptional as individuals and as a nation. They champion our ignorance as knowledge. They tell us that there is no reason to investigate other ways of organizing and governing our society. Our way of life is the best. Capitalism has made us great. They peddle the self-delusional dream of inevitable human progress. They assure us we will be saved by science, technology and rationality and that humanity is moving inexorably forward.

None of this is true. It is a message that defies human nature and human history. But it is what many desperately want to believe. And until we awake from our collective self-delusion, until we carry out sustained acts of civil disobedience against the corporate state and sever ourselves from the liberal institutions that serve the corporate juggernaut—especially the Democratic Party—we will continue to be rocketed toward a global catastrophe.


Sunday, February 21, 2010

Adbusters - Chris Hedges: Zero Point of Systemic Collapse

Interesting article - Hedges argues that if we are to survive the coming (in his view) collapse of so many of our systems, we will need to build sustainable, stable, cooperative communities.

Chris Hedges: Zero Point of Systemic Collapse

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We stand on the cusp of one of humanity’s most dangerous moments.

Aleksandr Herzen, speaking a century ago to a group of anarchists about how to overthrow the czar, reminded his listeners that it was not their job to save a dying system but to replace it: “We think we are the doctors. We are the disease.” All resistance must recognize that the body politic and global capitalism are dead. We should stop wasting energy trying to reform or appeal to it. This does not mean the end of resistance, but it does mean very different forms of resistance. It means turning our energies toward building sustainable communities to weather the coming crisis, since we will be unable to survive and resist without a cooperative effort.

These communities, if they retreat into a pure survivalist mode without linking themselves to the concentric circles of the wider community, the state and the planet, will become as morally and spiritually bankrupt as the corporate forces arrayed against us. All infrastructures we build, like the monasteries in the Middle Ages, should seek to keep alive the intellectual and artistic traditions that make a civil society, humanism and the common good possible. Access to parcels of agricultural land will be paramount. We will have to grasp, as the medieval monks did, that we cannot alter the larger culture around us, at least in the short term, but we may be able to retain the moral codes and culture for generations beyond ours. Resistance will be reduced to small, often imperceptible acts of defiance, as those who retained their integrity discovered in the long night of 20th-century fascism and communism.

We stand on the cusp of one of the bleakest periods in human history when the bright lights of a civilization blink out and we will descend for decades, if not centuries, into barbarity. The elites have successfully convinced us that we no longer have the capacity to understand the revealed truths presented before us or to fight back against the chaos caused by economic and environmental catastrophe. As long as the mass of bewildered and frightened people, fed images that permit them to perpetually hallucinate, exist in this state of barbarism, they may periodically strike out with a blind fury against increased state repression, widespread poverty and food shortages. But they will lack the ability and self-confidence to challenge in big and small ways the structures of control. The fantasy of widespread popular revolts and mass movements breaking the hegemony of the corporate state is just that – a fantasy.

My analysis comes close to the analysis of many anarchists. But there is a crucial difference. The anarchists do not understand the nature of violence. They grasp the extent of the rot in our cultural and political institutions, they know they must sever the tentacles of consumerism, but they naïvely believe that it can be countered with physical forms of resistance and acts of violence. There are debates within the anarchist movement – such as those on the destruction of property – but once you start using plastic explosives, innocent people get killed. And when anarchic violence begins to disrupt the mechanisms of governance, the power elite will use these acts, however minor, as an excuse to employ disproportionate and ruthless amounts of force against real and suspected agitators, only fueling the rage of the dispossessed.

I am not a pacifist. I know there are times, and even concede that this may eventually be one of them, when human beings are forced to respond to mounting repression with violence. I was in Sarajevo during the war in Bosnia. We knew precisely what the Serbian forces ringing the city would do to us if they broke through the defenses and trench system around the besieged city. We had the examples of the Drina Valley or the city of Vukovar, where about a third of the Muslim inhabitants had been killed and the rest herded into refugee or displacement camps. There are times when the only choice left is to pick up a weapon to defend your family, neighborhood and city. But those who proved most adept at defending Sarajevo invariably came from the criminal class. When they were not shooting at Serbian soldiers they were looting the apartments of ethnic Serbs in Sarajevo and often executing them, as well as terrorizing their fellow Muslims. When you ingest the poison of violence, even in a just cause, it corrupts, deforms and perverts you. Violence is a drug, indeed it is the most potent narcotic known to humankind. Those most addicted to violence are those who have access to weapons and a penchant for force. And these killers rise to the surface of any armed movement and contaminate it with the intoxicating and seductive power that comes with the ability to destroy. I have seen it in war after war. When you go down that road you end up pitting your monsters against their monsters. And the sensitive, the humane and the gentle, those who have a propensity to nurture and protect life, are marginalized and often killed. The romantic vision of war and violence is as prevalent among anarchists and the hard left as it is in the mainstream culture. Those who resist with force will not defeat the corporate state or sustain the cultural values that must be sustained if we are to have a future worth living. From my many years as a war correspondent in El Salvador, Guatemala, Gaza and Bosnia, I have seen that armed resistance movements are always mutations of the violence that spawned them. I am not naïve enough to think I could have avoided these armed movements had I been a landless Salvadoran or Guatemalan peasant, a Palestinian in Gaza or a Muslim in Sarajevo, but this violent response to repression is and always will be tragic. It must be avoided, although not at the expense of our own survival.

Democracy, a system ideally designed to challenge the status quo, has been corrupted and tamed to slavishly serve the status quo. We have undergone, as John Ralston Saul writes, a coup d’état in slow motion. And the coup is over. They won. We lost. The abject failure of activists to push corporate, industrialized states toward serious environmental reform, to thwart imperial adventurism or to build a humane policy toward the masses of the world’s poor stems from an inability to recognize the new realities of power. The paradigm of power has irrevocably altered and so must the paradigm of resistance alter.

Obama

THERE WAS A LOT OF TALK LAST YEAR ABOUT HOW BARACK OBAMA WOULD BE A “TRANSFORMATIONAL” PRESIDENT – BUT TRUE TRANSFORMATION, IT TURNS OUT, REQUIRES A LOT MORE THAN ELECTING ONE TELEGENIC LEADER. ACTUALLY TURNING THIS COUNTRY AROUND IS GOING TO TAKE YEARS OF SIEGE WARFARE AGAINST DEEPLY ENTRENCHED INTERESTS, DEFENDING A DEEPLY DYSFUNCTIONAL POLITICAL SYSTEM.

PAUL KRUGMAN, “MISSING RICHARD NIXON,” THE NEW YORK TIMES, AUGUST 30, 2009

Too many resistance movements continue to buy into the facade of electoral politics, parliaments, constitutions, bills of rights, lobbying and the appearance of a rational economy. The levers of power have become so contaminated that the needs and voices of citizens have become irrelevant. The election of Barack Obama was yet another triumph of propaganda over substance and a skillful manipulation and betrayal of the public by the mass media. We mistook style and ethnicity – an advertising tactic pioneered by the United Colors of Benetton and Calvin Klein – for progressive politics and genuine change. We confused how we were made to feel with knowledge. But the goal, as with all brands, was to make passive consumers mistake a brand for an experience. Obama, now a global celebrity, is a brand. He had almost no experience besides two years in the senate, lacked any moral core and was sold as all things to all people. The Obama campaign was named Advertising Age’s marketer of the year for 2008 and edged out runners-up Apple and Zappos.com. Take it from the professionals. Brand Obama is a marketer’s dream. President Obama does one thing and Brand Obama gets you to believe another. This is the essence of successful advertising. You buy or do what the advertisers want because of how they can make you feel.

We live in a culture characterized by what Benjamin DeMott called “junk politics.” Junk politics does not demand justice or the reparation of rights. It always personalizes issues rather than clarifying them. It eschews real debate for manufactured scandals, celebrity gossip and spectacles. It trumpets eternal optimism, endlessly praises our moral strength and character, and communicates in a feel-your-pain language. The result of junk politics is that nothing changes, “meaning zero interruption in the processes and practices that strengthen existing, interlocking systems of socioeconomic advantage.”
Read the whole article.