sailors, the church of economics and dead dog.
uninevitable inevitability.
i was going to write about Nietzsche today but I wanted more time to think about some of his comments. he is the guy who said ‘god is dead’.. ie. that religion has outlived its shelf-life. what ended up replacing it was the religion of commerce. the virtue of free trade. now the market is dead. or at least looking very seedy. god, meanwhile is argued by others to be in rude health.
no one can doubt that we have entered into a period of interregnum.
none of my friends know what economists think but, everyone else at least has realized that the economic model of the Chicago and other globalist schools was a conjob. only complete fools believe that there will be a return to ‘normal’. most people cannot be fooled all the time and realize that the kind of life they led in the church of economics impoverished them be they in the league with the mac mansion or not.
so.. as discussed in earlier logs, the new period has yet to begin. we are now in a period of interregnum. mmm that’s interesting. that time before we commit to a new conviction…
let me embolden the thought....the idea of an economic model of global free markets and democracy inevitably liberating the planet and leading it to prosperity for all,,,,,, is defunct.
we are still entering the vacuum but even the most moronic economist should soon be forced to admit the need for a new model if she hasn’t already privately at least. … that what she calls ‘security’ is actually insecurity, ‘lifestyle’ a compliance to narrow-minded tyranny of the hyper-respectable managers of a discredited dogma. no one wants a dead dogma even those in the church of global markets... hehhe face it..it stinks.. its over..
one theory says that all the hype about globalization was total crap and was just about cheap labour in 3rd world countries underwritten by cheap transport and cheap communication .. that is over. oil aint gonna be cheap nor is chinese labour very soon I’d guess.
so
a sailor knows when there has been a change in the wind. she must seize the opportunity to adjust the sails to keep a heading or even just survive a storm. you get an indication of how fast you have to move by the real indicators.
aboard, the barometer is a real indicator.. the economic equivalent of it (gdp or v I’d reckon…not sure.. there are different ways to express it) has dropped… a lot. almost definitely will drop further. wait a short while we will find out. the second wave of bankruptcies and defaults hasn’t hit yet.. in the usa… property still has a long way to fall. it hasn’t even really started falling in some outposts of white-fella economic theory. (Sydney ahem). but it is set up to do so.. in a big way.. you can only fool creditors and cook the books for so long…everyone knows that statistics are crap anyway.. a bubble that big is gonna take a while to actually fully deflate. but if you ask me.. .. (and this is the point....)
as it does, we are in a short period of opportunity to dress appropriately to be ready for the change on a personal and a societal level.
the opportunities will emerge. as in the past... (Versailles in 1919 and bretton woods, yalta 1945 etc.)
use of the interregnum to establish the character of a new regime is a sober opportunity but not without hope. I believe we should start soberly thinking about it now. to carefully choose what kind of a world we want our progeny to live in.
the world does not turn on commerce. the marketplace doesn’t determine the state. the public good is not subsidiary to economic development of the elite or any group. it is an error to think so. john ralston saul points out that it is free men who create free markets.. not the other way around.*
so what has been the value in the latest period of open market expansion? (coz it is certainly not the first. the first global free trade period led to the war 1914-1945.) that we can learn from in our sober assessment.???
the most obvious is the rebalancing of the world economy… the explosion in trade was fuelled by a consumer credit bubble in the usa (that has now started to pop.) huge expansion in technology (particularly communications).. huge production overcapacity (particularly china).. the depletion of the planet’s resources and general public wealth.. global warming accelerated to nightmare levels.. many failed states.. (perhaps 40% of the members of the u.n.) genocides, (congo etc) nuclear proliferation, population explosion… .. mmmm.. mostly negatives actually. we are gonna have to come back to this..
its obviously gonna take a while for this to work itself out. best get an early start on getting a handle on it.
oh .. as for oil no longer being cheap… sane (jim rogers and others) people are predicting serious supply shortages happening at a pump near you.. soon. leave the insane nietzche till another day.
*Ralston saul, john,, the collapse of globalism penguin 2007 p.30
tejas fu..
Posts
