Fart-in-the-wind economics

[undergroundpanther]

Let It Collapse - From Christopher Ketcham

So the tax-payer hand-out will “save” Wall Street from its own predations. Any reasonable man, of course, would wish the pig-fuckers to fry in their own feces. Let the free market carry out their corpses to the gutter. And mine too, perhaps, for as a magazine writer I depend on the thoughtlessness and blind-mole cupidity of credit-card consumerism – the credit system now imploding – to feed the ad-market that feeds the magazines that pay my bills. Without dumb blondes buying Manohlo Blahniks and metrosexuals fawning over prawns in overpriced restaurants, my paycheck turns to dust.

But the fact is that our economic system is a lunatic and suicidal system, and it deserves to go down. Why lunatic and suicidal? It is predicated on the delusion, accepted on every level in every modern society, that unlimited Mahnolo Blahniks are possible on a planet of limited resources. Growth without horizon is simply not possible, but the delusion remains in force, a mass glue-huff and consensus trance hallucination. Endless growth on planet earth is by definition entropic; it implies its own end. Its pursuit is therefore suicidal.

http://www.counterpunch.org/ketcham09222008.html

[hfojvt]

1. what the hell is a Mahnolo Blahnik?

I thought our snark was a boojum and brillig were the slithy toves.

I admit that there are some lunatics in our society. I believe I can name one - Christopher Ketchum. Even if this system, which has lasted for something like 400-500 years, is lunatic and suicidal, it seems even more suicidal to me to be cheering for a collapse. In many ways my current house is dysfunctional. It was built in 1887 after all and has asbestos siding. Ketchum's 'solution' to the problem of my lunatic and suicidal house seems to me to blow it up while I and my two dogs are still in it. Presumably, hopefully, the survivors of this cataclysm would be better off - in the long run.

[cliffordu]

3. THiS system has NOT been in place for 400-500 years.

Unregulated speculation and bogus loans brought us here.

Profit is the religion, and it is a bankrupt system, financially, intellectually and spiritually.


I hope the collapse doesn't take your asbestos house with it.

[hfojvt]

4. people in asbestos houses shouldn't breathe fire

we have had unregulated speculation before, and we will probably have it again. By "this system" I was talking about industrialism. Presumably we are in the same system even though it has been poorly regulated for a while now. It's not bankrupt yet in the sense that it is still delivering electricity to our houses, groceries, shoes, clothing, and Mahler Blanke to our stores and so on. A couple of people were just on PBS last night talking about how catastrophic a total collapse would be. I agree, so I am not rooting for it.

[cliffordu]

5. I'm not rooting for it, either.

I've seen huge refugee camps before.

They are not the place you want to try and get your mom her kidney medicine.

But the things I listed need to go.

And energy will be more expensive than any time in history.

Get ready for unintended consequences that will really smart.

Industrialism will change or die as we know it.

[mmonk]

2. Or face.