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Elegy for a Toxic Logic: And Carpe Diem for What Comes Next
A student of Shunryu Suzuki Roshi, the founder of the San Francisco Zen Center, once sheepishly asked him whether he could sum up the essence of Zen in a single sentence. "Everything changes," said Suzuki Roshi without missing a beat, then moved on to another question. Now that everything has changed, the despair of four years ago-not just that Bush had been re-elected but that he would prevail forever in a nation that would forever believe his lies and follow his cult of imperial war and climate-change denial and free-market fundamentalism-has vanished like morning mist.
Everything changes. I myself expected we'd see a nonwhite or nonmale presidency in my lifetime, but not that it'd come so soon, and with it came a profound symbolic shift within the United States, a redefinition of "us" and "them," as well as a sign to the rest of the world that this country is some kind of hybrid, turbulent bridge between global north and global south, the white and the nonwhite, wealth and poverty, as the poles weirdly united in Barack Obama, whose symbolic currency is immeasurable, whatever his limitations. But electoral politics, even as they unfolded with all the richness of a Shakespearian drama (with the Clintons doing a splendid Lord and Lady Macbeth in the primary season and McCain topping them with his King Lear to Faust meltdown), were hardly the only arena where change prevailed.
Capitalism imploded more dramatically than anyone had imagined, though once it had, its collapse seemed as obvious as inevitable. That is, underregulated free-market capitalism ate itself before our eyes. At the beginning of the Bush era, now passing from the face of the Earth more like a toxic plume than a morning mist, the then-functional FEMA predicted three major catastrophic risks for the United States: a terrorist attack in New York, a hurricane strike on New Orleans, and a major earthquake in San Francisco. In early 2008, some distinguished sources were predicting an economic apocalypse too, including German president and former International Monetary Fund chair Horst Köhler, who declared, "International financial markets have developed into a monster that must be put back in its place."
When these markets fell apart, so did many of the fundamental premises of the past few decades, which is part of what makes this moment in history so interesting, and so unpredictable. Even trying to grasp it is dizzying, like looking-as Mike Davis put it-into the Grand Canyon and trying to understand its vastness. What exactly collapsed? Not just the financial assumptions of the Bush era, or the Clinton and Bush eras of globalization, or of Reaganomics with its cult of the free market, but something bigger and deeper. It became clear that the American economy had been for almost four decades a desperately ill patient requiring more and more life support to keep it going: get off the gold standard in 1971, then deregulate markets, globalize capital, go for "financialization"-the conversion of more and more aspects of life on Earth into investment opportunities-unto the derivatives and hedges and bundled mortgages that brought it all down.
I have never been able to confirm the adage that the Chinese word for crisis is made up of the characters for disaster and opportunity, but if it isn't true it ought to be. This unforeseen moment has many possibilities. The death of capitalism, or rather the revelation of its profound diseasedness, is an opportunity it would be ironic to call golden. But check out what Michael Pollan wrote last October: "In the past several months more than 30 nations have experienced food riots, and so far one government has fallen. Should high grain prices persist and shortages develop, you can expect to see the pendulum shift decisively away from free trade, at least in food. . . . Expect to hear the phrases ‘food sovereignty' and ‘food security' on the lips of every foreign leader."
What he's saying is that the rationale for globalization has unraveled and, in some parts of the world at least, will soon be abandoned. The logic of forcing your local or national economy to stop providing for its own needs and serve instead the global market has been upended. Sadly, as with most calamities, the already poor and hungry will pay and are already paying the greatest price-but we should be careful about being too mournful about this moment in history. The system was designed to produce their poverty and hunger, to grind them down and discard them. When it worked as intended, farmers in India and Korea were committing suicide by the thousand; Mexican farmers were being shoved off their land and essentially dispatched on the long tramp north; Brazil's soybean bonanza was leading to deforestation, displacement of small farmers, soil degradation, and doing nothing for that nation's hungry. The same stories could be told about many nations in Africa-and about American small farmers. It was a system designed to destroy the many for the profit of the few, and it had been producing suffering, hunger, and despair all along. Though its collapse may produce yet more suffering, it opens the way to systems and ideologies that could produce far less. Already unsteady as the World Trade Organization and the Free Trade Area of the Americas failed, globalization itself is faltering, as is the rationale that it is good for the majority of us. It never was, and now the evidence has won the argument.
The sudden rise in petroleum prices helped to undermine the logic of shipping everything everywhere, and domestic shippers have already scaled back. Those fuel prices dropped again in part because consumption itself dropped, but they will not drop to where they were a few years ago. Cheapness-in the United States, if not in Europe-was part of what made polluting the atmosphere fun and easy. The whole argument against doing anything about climate change was that the unregulated free market must not be interfered with, except maybe to commodify the right to pollute. Now that the market had to be interfered with in order to save it from its own folly, that argument is gone. So much of what made the United States such a disproportionate polluter and emitter was our obscene wealth, now somewhat reduced; a decline in snowmobile purchases, overseas vacations, new construction, and so forth is very good news for the environment. The madness of postwar affluence is fading, and Americans are beginning to make very different choices about debt, consumption, and other acts of economic overconfidence-though of course desperation remains unevenly distributed in a world that always had enough for everyone. The early tales of the crash concerned capitalists canceling their yachts, not standing in bread lines.
Still, everything changes. And a logic that was tantamount to religion has collapsed, the logic that made it so hard to do anything about everything: poverty, injustice, environmental degradation, corporations run rampant, economic madness. Now that the logic is gone-or so weakened that it can never come back with the force it had in all policy arguments for the past three or four decades-we have an extraordinary opportunity. Not a gift, not a guarantee, but an opportunity to supply a different logic, one of modesty, prudence, long-term vision, solidarity-and pleasure: all the pleasures that were not being brought to us by a system whose highest achievement was represented by endless aisles of shoddy goods made in countless sweatshops on the other side of the world.
The future has never been more uncertain, but that's not all bad news. This moment could belong to those who want to articulate something that is neither capitalist nor communist but local, durable, humane, imaginative, inclusive, and open to ongoing improvisation, rather than locked in place as a fixed ideology. The moment is ours to seize.
- Posted in


26 Comments so far
Show AllI wish I had her glasses on. The bush fog is a little more turbulent but just as thick. Consumers are not making choices, they are losing their homes and jobs.
It has all been proven wrong. But guess what we are still doing it the same. 40% of the stimulus is tax cuts,$50 Billion to Nuclear Reactors, escalation in ethnic cleansing Afghanstan, 18% increase in foreclosures over last year, The government Home Hope program has prevented a grand total of 25 ( yes 25) foreclosures, state secrets stop judicial hearings, no meaningful Bankster oversight.
The stain is just as dirty as it ever was.
I do agree with one thing ------- the MOMENT is ALWAYS OURS
i believe the 50 B for the nuclear industry is out
ice 1:47 --------- Yes!! A bit of sanity.
Glenn Ford
I wish I could share Rebecca Solnit's belief that the despair and legacy of the Bush/Cheney years has vanished like the morning mist, but regretfully I cannot.
What I see are signs of angry retrenchment by the same powerful institutions, and the very same people, who have just completed a grand eight year run for themselves, looting the public treasury at home while spreading death and destruction abroad.
The moment may indeed be ours to seize. But those responsible for trashing the American republic and crashing the global financial system will not let go of their spoils just because everything suddenly imploded.
Bill from Saginaw
I'm completely with you on this one Bill and let us not be naive. Though an opening has been created by that system being brought to it's knees, what is put in it's place is open to anyone and any intention.
Though I think that this writer hints at this, her summons to the people of change are more like a distant sound that is has not quite given it's voice to intent.
As you point out the bad people are working furiously to put their own structure back in place and we mostly hear how we wish they will do it right this time.
We must do the work for the good if we want good to be our new foundation.
Summum bonum!
Agreed, Bill.
At the commodity level most grain prices are down 50% from their peak last year. America’s ethanol from corn industry is failing, VeraSun, America’s second largest producer of ethanol from grain is in Chapter 11 bankruptcy and industry experts don’t think it can be reorganized to be solvent. The last I checked nearly all of the VeraSun ethanol plants were idle. The crash of grain prices, while good for consumers (although I see little evidence of lower prices at the supermarket), is going to hammer third world subsistence farmers especially hard.
While one would expect the political pendulum to swing far to the left in the aftermath of the failed neoconservative economic and political policies I have little faith that is what’s going to happen in the U.S. The corporate owned main stream media is not going to allow that to happen, I think the media is far more likely to scapegoat Obama and the Democratic Congress if the economy sinks farther, which I think is almost a certainty. Already right-wing talk radio has blamed the economic collapse on banking laws that promoted lending in low income neighborhoods instead of the real cause; deregulation of the financial sector.
I see things getting a hell of a lot worse before there is an upturn in the U.S. economy. Political policies that have already transferred much of the wealth of the middle class and blue collar poor to the wealthy elite are largely all still in place and real estate prices are continuing to decline sharply, remember that their house is the largest investment for most in the middle class.
With 40% of the economic stimulus package tax cuts instead of direct government spending the economic impact of the stimulus package is going to be too little to turn the economy around.
It would not surprise me to see the republicans gain several seats in the House in 2010.
the CATCH WORDS, the ESSENCE of Capitalism, is defined in the article by:
"The system was designed to produce their poverty and hunger, to grind them down and discard them."
THE MOST PRECISE definition of Capitalism.
americans who are NOW experiencing how THEY are and HAVE BEEN ALL ALONG , been gradually "ground down and discarded" by this "system designed" to do just that -- ought really, if they have anY BALLS at all....be saying these things to each other, IN the work places, together, OPENLy, IN FRONT of their bosses, and supervisors and the "inner office" people like "accountants" and "CEOs, and "department heads"
while other FELLOW WORKERS are WATCHING and listening.
as a recent replication of a long-ago sociol study of what makes people DO BAD THINGS when "instructed by authority" - such as in experiments where they increase the electrical dosage of human subjects to do their "bidding" ...said:
when HUMANS SEE and witness fellow humans DEFY authority to retain their conscience - and NOT do evil -- humans will invariably "REMEMBER" that they are NOT supposed to do evil.
in other words - it is TRUE that IS strength in numbers.
this is what american ordinary workers should be doing..and ISOLATE their OWN bosses - and use the definitions and phrases to INTIMIDATE their own bosses into shame and being "isolated"....
such words as : "this capitalism? it's MONSTROUS."
"this SYSTEM? it's ROBBED US workers of our REAL pay".
"this system? it's DESIGNED to reward bosses - by grinding US down with UNPAID LABOR ...through low wages..and double the work ...and DISCARD US".....
i am CONVINCED that if americans did this OPENLY , in groups - even in their workplaces -- their "bosses" would be the ONES TREMBLING in fear of them -- as OUGHT TO BE.
it is really a matter of ATTITUDE...the very thing that "bosses" and workplaces DESIGN their "rules" to suppress "those with ATTITUDE".
because they KNOW that if THAT attitude of resistance against exploitation were to spread among americans -- the capitalist BOSSES are FINISHED....they WON"T be able to go to their offices and not cower in fear!
I hope Solnit is right about the fall of free-market capitalismeven though, since I have lupus and none of my own teeth, I am quite effectively chained to the current market economy. As Karl Polanyi documented in his book The Great Transformation, the market economy that we now see as normal and inevitable is a strange new thing that replaced very different economies, economies that worked fairly well within the harsh limits of pre-industrial production technology. It is therefore very conceivable that the West will undergo another transformation, producing a very different economyin fact, this is already happening in small pockets here and there.
Nevertheless, as I read Solnit's prediction I couldn't help remembering this:
In the mid 19th century Marx said: Industrial mass production is so ruthlessly exploitative that in a generation, or two generations at the most, the workers will rise up and destroy it.
In the 1960s Paul Goodman said: The present nature of employment is so corruptive of character that decent people will soon be overcome by revulsion and institute a better one.
In the 1970s Ivan Illich said: The form of public schooling is so destructive of the mind and soul that the people will soon revolt against it and effect its replacement with something much more humanistic and effective.
We are dealing with an enormously durable system, and I suspect that Solnit's rumour of its impending death, like those I listed above, will prove to be greatly exaggerated.
Thanks for your wise perspective.
For Americans and the World to Prosper truly and live a HUMANE , DECENT existence, CAPITALISM ,especially american model capitalism NEEDS to be allowed to go its natural route:
DEATH by Self-inflicted wounds.
Which is?????
Intrepid Californio
kickingthenewknowledge.blogspot.com/
CHANGE?
This from Alexander Cockburn of Counterpunch says it all:
America is broke but here’s Obama , seemingly set on boosting a US force in Afghanistan where, according to the Center for Budgetary Analysis, it costs $775,000 per year to send a single soldier. And, as I noted at the outset, this week Obama punched his core supporters twice in the stomach by committing his administration to the same unconstitutional canons of secrecy and claims of executive immunity to the rule of law that made Bush one of the most hated presidents in history. His staff can’t seem to nail down safe appointments. In sum, in these crucial early weeks, Obama seems to have trouble setting his compass, as the ship towards the rocks. But hey, at least we have a Democrat in the White House, saving us from endless war, constitutional abuses and bank bailouts, right?
And for those of who lost our children helplessly to this illegal war in Iraq and/or are taking out our retirement savings to help our children avoid bankruptcy thanks to these neoliberal and neoconservative policies, we see no future to rejoice in. :.(
Gripe, gripe, gripe.
Some of you might do well to use the 200th anniversary of Abraham Lincoln's birthday to read some of what he wrote and said. Few could argue the burden of pulling the nation through one of its toughest struggles yet (at that time) was placed on Abraham Lincoln's shoulders. When everyone else was griping, he was still hopeful and determined, which was extremely difficult at times. But he did it. And he paid an enormous personal price for what he did for us.
Have a little faith. Generations of American before us did.
Perhaps you might expound upon your reasons for your faith? Those who you accuse of "griping" seem to have detailed the reasons for their pessimism...Your turn.
"Most people would sooner die than think, in fact they do so." Bertrand Russell
Ah yes, the myth of Lincoln. The era of big federal gov't began with Lincoln, ironically the first republican. He was willing to kill as many fellow Americans as needed to maintain federal power and control.
Remember the "peace dividend" talk, after the cold war "ended?"
Sure Nov 4 2008 was a great moment and sure almost everyone has finally realized something is very wrong. And certainly now there OUGHT to be a reorientation. But look at Washington, look all around.
After 20-30 years of conducting big business and governing the nation(s) all according to anti-humane, ultra-short-term values and criteria, we just dont have anyone experienced in or really interested in governing for any semblance of a common good, or in conducting big business for an economy productive of real value.
Look at how our new administration is filling its top and presumably lower echelon posts. Look at the old-think "solutions," and watch where the money's being spent.
Whatever happened to the peace dividend? We've swept up the former USSR states as spoils of cold war, and we resolutely stymied Russia's moves to join the EU and NATO. Our leaders only respect war. Since Nov 4, Obama seems no different.
Toxic logic is dead--long live toxic logic.
Ultimately, a number of illusions shall pass.
We have the illusion that oil is cheap, coal is cheaper and nuclear is too cheap to meter. Our nation pays certain subsidies. Oil gets maybe $15B/year in subsidies, if you don't count the Middle Eastern wars as oil subsidies. The cost of coal is in mercury, in ripped up mountains, in global warming. Nuclear weapons subsidies benefit nuclear electricity, and so do safety violations that dole out the cancer to third parties, and we deliberately refuse to see where the waste goes. It costs big money on the back end for nuclear waste.
We have, in building out hundreds of new coal plants, the illusion that renewable energy isn't getting ever cheaper.
The Federal budget may in fact be an illusion. The largest expenditure of the American budget is preparing for the mass killing of billions of human beings. If we do nothing the Martians win.
The country's second largest expenditure is for killing only the bad human beings, but we live next to "bad" or self-interested human beings every day. We ourselves may in fact operate in our own self interest. Maybe "bad" is just how we perceive mostly normal human beings. So the military budget might be almost all an illusion.
Then we will need trillions of dollars to put several million bad people in jails for life. Again, what if "bad" was too often an illusion?
Then our health care system is the world's laughingstock.
Then our unrestrained free enterprise system is the world's laughingstock. A coalition of German banks absolutely refused to go along with American go-go lending practices. They are sound. Our banks and insurance companies have negative worth, whatever that can mean.
It's said to be a wonderful thing to allow post-Maoist China to own the United States. Can you read the Little Red Book in the original Mandarin?
We need to be "saved" and "born again" from our other 999 belief systems which all believe in a single God, to ___ brand-name beliefs.
THOMASTHEAUSSIEBATTLER
"The future has never been more uncertain, but that's not all bad news. This moment could belong to those who want to articulate something that is neither capitalist nor communist but local, durable, humane, imaginative, inclusive, and open to ongoing improvisation, rather than locked in place as a fixed ideology. The moment is ours to seize."
SUCH AN OPPORTUNITY IS CALLED; THE UNIVERSAL ECONOMY.
Here is a brief outline.
This proposition for a Universal Economy is predicated on two main precepts.
One; that every Nation or co-operating group of Nations will assume full responsibility for themselves by ceasing to use organisations such as the W.T.O. the I.M.F. and World Bank (The enemies of Democratic Sovereign Development) except under vital re-organised circumstances. Circumstances which recognise, that every Nation on Earth is an independent Sovereign Nation.
Two; that as such, all Nations possess the "Rights" enabling them to print, issue and Guarantee their own currency, both Domestic and International Exchange, and to issue their own Debt Free Interest Free Social Capital for purposes of Domestic development.
These two money functions alone lead to the full economic emancipation and development of every Nation on Earth. There is no valid reason why any Nation should continue to live under the yoke of the IMF, World Bank or WTO; they should instead reclaim these rights which were stolen from them many years earlier. There can be no justification to validate a system that simply prints money and then charges interest to the Nation who borrows it; every Sovereign Nation has the “right” to create money for it’s own Domestic purposes.
This will mean that Sovereign Governments create the entire domestic, Debt free and Interest Free, Capital and Credit, required for the balanced functioning of their Domestic economies. When money is borrowed from the I.M.F. or the World Bank, these organisations simply "create" it in the first place, with a stroke of the pen or an electronic entry, and we pay them interest for the privilege; they do not have bottomless pits of reserves waiting to be loaned out.
Money created as Debt Free Interest Free Social Capital and spent into circulation is not Inflationary. This money would be authorised by Government through Parliament, and used to provide a Social Wage to all that need it, thus eliminating Poverty, and as the means to fund all social and public infrastructure works.
Reserve Banks and Financial Institutions all around the World have proved that this proposal is feasible, based on the trillions of dollars (that do not exist) being pumped into the Worlds Banks, which are all Privately owned, in a vain attempt to salvage the World Economies.
Run a search for; THE UNIVERSAL ECONOMY THOMAS W ADAMS.
Email me and I will send you the file, it's free.i2i@iinet.net.au
On the one hand, this is nicely written, and yes, see the crisis as an opportunity.
On the other, this is preaching to the choir. There are many people on the far right who are being rallied to the same old right-wing policies of tax cuts and being told to fear the blossoming of evil socialism.
There are many in the middle who are just hoping the nightmare won't last too long, praying it goes away and we can get back to life as usual, and mom and dad won't lose their jobs if they haven't already. They may be in for a surprise.
The only people who are convinced of capitalism's collapse are some folks mostly on the left, plus a minority of the folks in the middle who are really paying attention and not watching too much TV or listening to too much public radio (which is channeling conservatism and has already ended Obama's honeymoon).
If they're not watching TV (or even listening to NPR's poor attempts at being objective by covering both major parties), it's hard to say they're really in the middle.
Linear thinking, as usual, may not apply.
Maybe Alan Greenspan and a few others on the right are waking up to the failure of Ayn Rand economics, but it's hard to say how Greenspan and the small minority of others may recover from the epiphany.
Ron Paul may renew his call for going back to the gold standard. Ha.
Sure, some of us have glimpsed even more evidence that free market capitalism was never free and was a destructive thing waiting to implode in its contemporary manifestations. It's a wonderful thing to have witnessed all this.
But many others don't even know what they witnessed, or they're trying to apply all the old conceptual frames. It's still a very dangerous time, and time's a wastin'. We still have much work to do.
But this kind of article -- with its hint of "mission accomplished" -- is not the way to begin that work.
Glory be!!!! Wonderful article!!! Hope inspiring........That it could all be true now.....my fondest dream. Yes, we are there now!! It is all changed......local, local, local....Don't wake me up...please!!!
I really like Rebecca Solnit's writing, esp. such lines as:
"underregulated free-market capitalism ate itself before our eyes. At the beginning of the Bush era, now passing from the face of the Earth more like a toxic plume than a morning mist,..."
but it didn't just eat itself. It ate us. And, so far, without significant consequence to the cannibals.
It also bothers me greatly that for at least the past three years I have been predicting this economic disaster and opposed the Iraq "war" from the outset and wrote to my "representatives" and might as well have been talking to a wall in a prison cell while my mother's pension lost around a third of its value. Compound that loss to millions of others then tell me about the "multiplier effect." The "multiplier effect" can work in reverse but of course academic economists prefer not to discuss this aspect.
***
To Angry Kraut---
I recall reading Paul Goodman in the early 60s, when one of his fictional protagonists, an idealist, thought he would find Valhalla in Israel. Also read Ivan Illich, but can't remember why!
***
Madhoosier---
It took me a few years to discover this, but now we all know that corn ethanol is a massive political scam, NOT fuel efficient, literally costing American taxpayers billions in federal subsidies even as the producers of corn ethanol are declaring bankruptcy, while thanks to the likes of Joe Biden, I cannot!
If we cannot eat cake, eat the State.
Remember this until the day you die: Twice, not a single Republican Member of the House of Representatives voted for an Obama Stimulus bill. And if you are a Believer, remember it after you die.
The deception continues, essentially unabated.
-30-
So...the government rides in on its white steed to rescue the people who told us government was the problem.
At least we can savor the irony as we go down the tubes.
8 Years without a Leader
IF YOU DON'T LIKE THE NEWS, GO OUT AND MAKE SOME OF YOUR OWN, as Scoop Nisker of San Francisco radio used to say.
Capitalism will not fall, and a co-operative commonwealth will not be built, unless WE do it. If we all sit around reading the tea leaves. nothing will happen.