Joe Bageant: Our Plunder of Nature Will End Up Killing Capitalism and Our Obscene Lifestyles (Full Version)

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Brain -> Joe Bageant: Our Plunder of Nature Will End Up Killing Capitalism and Our Obscene Lifestyles (7/17/2010 1:35:04 AM)

This is our fate as long as we keep measuring economic success in terms of consumption.
Bill

Joe Bageant: Our Plunder of Nature Will End Up Killing Capitalism and Our Obscene Lifestyles

To anyone who is paying attention, things look doomed. Fortunately for American capitalism, nobody is paying attention. They never have.

As an Anglo European white guy from a very long line of white guys, I want to thank all the brown, black, yellow and red people for a marvelous three-century joy ride. During the past 300 years of the industrial age, as Europeans, and later as Americans, we have managed to consume infinitely more than we ever produced, thanks to colonialism, crooked deals with despotic potentates and good old gunboats and grapeshot. Yes, we have lived, and still live, extravagant lifestyles far above the rest of you. And so, my sincere thanks to all of you folks around the world working in sweatshops, or living on two bucks a day, even though you sit on vast oil deposits. And to those outside my window here in Mexico this morning, the two guys pruning the retired gringo's hedges with what look like pocket knives, I say, keep up the good work. It's the world's cheap labor guys like you -- the black, brown and yellow folks who take it up the shorts -- who make capitalism look like it actually works. So keep on humping. Remember: We've got predator drones.

After twelve generations of lavish living at the expense of the rest of the world, it is understandable that citizens of the so-called developed countries have come to consider it quite normal. In fact, Americans expect it to become plusher in the future, increasingly chocked with techno gadgetry, whiz bang processed foodstuffs, automobiles, entertainments, inordinately large living spaces -- forever.


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).

As the people's wealth accumulates, it is steadily siphoned off by government and elite private forces. From time to time, it is openly plundered for their benefit by way of various bubbles, depressions or recessions and other forms of theft passed off as unavoidable acts of nature/god…

As the economy slowly implodes, money will become more volatile stuff than it already is. The value and availability of money is sure to fluctuate wildly. Most people don't have the luxury of escaping the money economy, so they will be held hostage and milked hard again by the same people who just drained them in the bailouts. As usual, the government will be right there to see that everybody plays by the rules. Those who have always benefited by capitalism's rules will benefit more. That cadre of "money professionals" which holds captive the nation's money supply, and runs things according to the rules of money, can never lose money. It writes the rules. And rewrites them when it suits the money elite's interests. Capitalism, the Christian god, democracy, the Constitution.

http://www.alternet.org/economy/147501/joe_bageant:_our_plunder_of_nature_will_end_up_killing_capitalism_and_our_obscene_lifestyles/?page=entire

Joe Bageant is author of the book, Deer Hunting With Jesus: Dispatches from America's Class War (Random House Crown), about working class America. A complete archive of his on-line work, along with the thoughts of many working Americans on the subject of class may be found on his website.


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willbeurdaddy -> RE: Joe Bageant: Our Plunder of Nature Will End Up Killing Capitalism and Our Obscene Lifestyles (7/17/2010 2:05:15 AM)

What better measure than a standard of living unimagined even 75 years ago? Or are you a Luddite amongst your other problems?




DarkSteven -> RE: Joe Bageant: Our Plunder of Nature Will End Up Killing Capitalism and Our Obscene Lifestyles (7/17/2010 5:59:25 AM)

The two unrelated themes I see are:
1. The theory of comparative advantage.  Despite the author's contention that skin color is the deciding factor, I consider it to be a combination of access to capital, and culturally-permitted ambition.  For example, Mexico has plenty of ambitious people, but the access to capital is killing their economy.  Likewise Cuba - the Cuban-Americans that are driving Florida's economy could have made a massive impact if Cuba had permitted them to contribute.
2, The US economy's gonna get squeezed.  Agreed. However, the US has an astonishing amount of educated, white collar types who are unemployed while third world countries have an abundance of raw labor and not much for professionals/managers.  I expect some sort of deal to get worked out under which the US people work there as expats.




pahunkboy -> RE: Joe Bageant: Our Plunder of Nature Will End Up Killing Capitalism and Our Obscene Lifestyles (7/17/2010 6:35:28 AM)

gloom and doom.


we cant all be a hedge fund.




willbeurdaddy -> RE: Joe Bageant: Our Plunder of Nature Will End Up Killing Capitalism and Our Obscene Lifestyles (7/17/2010 10:08:19 AM)


quote:

ORIGINAL: DarkSteven

The two unrelated themes I see are:
1. The theory of comparative advantage.  Despite the author's contention that skin color is the deciding factor, I consider it to be a combination of access to capital, and culturally-permitted ambition.  For example, Mexico has plenty of ambitious people, but the access to capital is killing their economy.  Likewise Cuba - the Cuban-Americans that are driving Florida's economy could have made a massive impact if Cuba had permitted them to contribute.
2, The US economy's gonna get squeezed.  Agreed. However, the US has an astonishing amount of educated, white collar types who are unemployed while third world countries have an abundance of raw labor and not much for professionals/managers.  I expect some sort of deal to get worked out under which the US people work there as expats.



On 1 and access to capital, some will argue that lack of access is racial. There are plenty of counter examples in government incentives for minority owned businesses. The only color that investors know is Green. The greed factor that so many bemoan ensures that if the idea/product/service and management is good then it will find investors. Yes, the market can be cruel to bad ideas, but no government is capable or can afford to subsidize bad ideas either.

On 2. there are two issues. First it depends on the confidence that investors have in the third world country. The barrier has always been political instability and/or risk of nationalization ala Venezuela.

Second it depends on whether it is cheaper to import the labor (legally!) and produce the goods here vs exporting management and shipping the goods back here. It depends on the nature of the product and how much supply can be sold more locally than the US.

Mexico and NAFTA are the poster child for the obstacles to this approach. Everything was done to enable capital to flow to Mexico, employ their labor in their own country, and buy goods from them. It has been a massive failure not because the theory was bad, but because the Mexican government cannot be relied on to protect foreign investors' capital or person.




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