Showing posts with label The Market. Show all posts
Showing posts with label The Market. Show all posts

23 April 2015

How Neoliberalism Survived the Financial Meltdown - 'Old As Babylon, Evil As Hell'


"Professor Philip Mirowski author of Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown, explains the intellectual history of Neo-liberalism, what Neo-liberals believe, making capitalists think differently, the role of think tanks in Neo-liberalism, the mythology of market supremacy..."

The Neo-Liberal general action pattern:
1. Create a fog of confusion about a social policy issue, its sources, and its nature.

2. Propose 'new markets' to fix the problems created by gaps or flaws in existing markets which are the language by which to define the public policy issue.

3. Build the solution as a platform to encourage phony 'entrepreneurs' to come in and expand and embed the market solution, perspective and terminology into the social structure.  Provide little to no regulatory oversight so that monopolies and predatory pricing policies protected by monopoly enrich a powerfully dominant few.

The Obama healthcare 'market' is one such example, and it is no accident that it was created by the neoliberal Heritage Foundation, before Obama made it his own.
 
Was President Obama merely being expedient in choosing such a solution?   I do not think so. I believe he is and always has been a creature of, by, and for the system and the status quo of the elite.  He aspires to be rich and powerful, and to serve he recreates himself as a brand.
 
A similar approach to the problem of stagnant economic growth and wages is to create even more new markets like the trade deals such as TPP.
 
People, plants, animals, land, happiness, work, the environment are all merely commodities to be supremely dispensed with by the gods of the markets, without interference.  Their gods price everything, but inherently value nothing, including life, love, liberty, and peace. 
 
Everything is but a transaction for the moment, without serious regard for longer term consequences or damage.  Their god is power, and their religion is greed.
 
But all the time, and this is most important, the markets that are set up are rigged by insiders of the inner temple, and are very much a part of the 'grift.'  For these are no true markets of purely rational equals, but mechanisms for transferring and accumulating wealth and power to a few.

And there is nothing wrong with markets, and market based economies, if they are honest and transparent.  But the market is soulless, and it is not an appropriate mechanism for deciding policy.   The market is a tool, not a god. And if used wisely with the proper care it can perform price discovery and capital allocation well in the right hands. But like all things, it is in the abuse of the market and the distortion of priorities that even a tool can become an instrument of disorder and abuse.
 
One of the greatest propaganda triumphs of our age is to have identified neoliberalism with 'freedom' by portraying any generally beneficial public function as a source of all evil, all difficulties because they impede the policy making action of the omniscient market, which to the people is as a god.  Instead, it is a monstrous creation, an affront to all that is human, all that is just, all that is good, that brings with it only the utmost desolation.  The madness serves only itself.
 
Like most old wickedness and folly brought forth as something new, there is nothing 'new' about Neoliberalism.  It is as old as Babylon, and evil as hell.

We think that these things take place in other times, in histories and fables, and in far off lands.  We do not see them unfolding here, playing out amongst us, in our own time and day.  But like all who have gone before and will come after, we too have been called to decide, not only in our words, but in our actions.
Do you not know, that to whom you yield yourselves as servants to obey, his servants you become, whether of a corruption unto death, or of a righteousness unto life?
 
 




24 July 2012

Chris Hedges: The Careerists and the Banality of Evil - The Sickness Unto Death


“We run heedlessly into the abyss after putting something in front of us to stop us from seeing it.”

Blaise Pascal, Pensées

The consciousless functionary guided by expediency is the very image of the regulatory and banking bureaucrat of today, from Tim Geithner to Gary Gensler to Ben Bernanke, and further, almost every member of the governments of the Western World. Expedient amorality is de rigeur these days among the entitled class of power brokers who serve the system, which in their minds is themselves, as a privileged, ruling class.

And it is that very dryness of human empathy, the lack of vigor in moral conviction, the willingness to accept great crimes and injustices as the unfortunate but "necessary outcomes" required by The System, that makes all the difference between a Franklin D. Roosevelt and a Barack H. Obama, between a living human being and a whited sepulchre full of dead men's bones.

After a time it becomes so easy to day, 'I am sorry madam, but the system requires that your child must die.' And so the ceremony of innocence is drowned.

This is not capitalism.  Capitalism does not demand that we destroy human lives for the sake of maximizing profits using any and all means which that end justifies.  The Market is not an end to itself. The Market is not God.  This is beyond capitalism.  This is tyranny.  It is a pernicious form of selfishness and self-indulgence, a privileged arrogance.

To paraphrase John Kenneth Galbraith, 'The modern economist is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior justification for selfishness.'

And this is not a choice between poverty for the sake of truth and a very comfortable living, but the overwhelming need for a fabulous, ostentatious wealth and power that seems to have become the god of  this generation.   And it is a sickness, a sickness unto death.

TruthDig
The Careerists
By Chris Hedges
Jul 23, 2012

The greatest crimes of human history are made possible by the most colorless human beings. They are the careerists. The bureaucrats. The cynics. They do the little chores that make vast, complicated systems of exploitation and death a reality. They collect and read the personal data gathered on tens of millions of us by the security and surveillance state. They keep the accounts of ExxonMobil, BP and Goldman Sachs. They build or pilot aerial drones. They work in corporate advertising and public relations. They issue the forms. They process the papers. They deny food stamps to some and unemployment benefits or medical coverage to others. They enforce the laws and the regulations. And they do not ask questions.

Good. Evil. These words do not mean anything to them. They are beyond morality. They are there to make corporate systems function. If insurance companies abandon tens of millions of sick to suffer and die, so be it. If banks and sheriff departments toss families out of their homes, so be it. If financial firms rob citizens of their savings, so be it. If the government shuts down schools and libraries, so be it. If the military murders children in Pakistan or Afghanistan, so be it. If commodity speculators drive up the cost of rice and corn and wheat so that they are unaffordable for hundreds of millions of poor across the planet, so be it. If Congress and the courts strip citizens of basic civil liberties, so be it. If the fossil fuel industry turns the earth into a broiler of greenhouse gases that doom us, so be it. They serve the system. The god of profit and exploitation. The most dangerous force in the industrialized world does not come from those who wield radical creeds, whether Islamic radicalism or Christian fundamentalism, but from legions of faceless bureaucrats who claw their way up layered corporate and governmental machines. They serve any system that meets their pathetic quota of needs.

These systems managers believe nothing. They have no loyalty. They are rootless. They do not think beyond their tiny, insignificant roles. They are blind and deaf. They are, at least regarding the great ideas and patterns of human civilization and history, utterly illiterate. And we churn them out of universities. Lawyers. Technocrats. Business majors. Financial managers. IT specialists. Consultants. Petroleum engineers. “Positive psychologists.” Communications majors. Cadets. Sales representatives. Computer programmers. Men and women who know no history, know no ideas. They live and think in an intellectual vacuum, a world of stultifying minutia. They are T.S. Eliot’s “the hollow men,” “the stuffed men.” “Shape without form, shade without colour,” the poet wrote. “Paralysed force, gesture without motion.”

It was the careerists who made possible the genocides, from the extermination of Native Americans to the Turkish slaughter of the Armenians to the Nazi Holocaust to Stalin’s liquidations. They were the ones who kept the trains running. They filled out the forms and presided over the property confiscations. They rationed the food while children starved. They manufactured the guns. They ran the prisons. They enforced travel bans, confiscated passports, seized bank accounts and carried out segregation. They enforced the law. They did their jobs.

Political and military careerists, backed by war profiteers, have led us into useless wars, including World War I, Vietnam, Iraq and Afghanistan. And millions followed them. Duty. Honor. Country. Carnivals of death. They sacrifice us all. In the futile battles of Verdun and the Somme in World War I, 1.8 million on both sides were killed, wounded or never found. In July of 1917 British Field Marshal Douglas Haig, despite the seas of dead, doomed even more in the mud of Passchendaele. By November, when it was clear his promised breakthrough at Passchendaele had failed, he jettisoned the initial goal—as we did in Iraq when it turned out there were no weapons of mass destruction and in Afghanistan when al-Qaida left the country—and opted for a simple war of attrition. Haig “won” if more Germans than allied troops died. Death as score card. Passchendaele took 600,000 more lives on both sides of the line before it ended. It is not a new story. Generals are almost always buffoons. Soldiers followed John the Blind, who had lost his eyesight a decade earlier, to resounding defeat at the Battle of Crécy in 1337 during the Hundred Years War. We discover that leaders are mediocrities only when it is too late.

David Lloyd George, who was the British prime minister during the Passchendaele campaign, wrote in his memoirs: “[Before the battle of Passchendaele] the Tanks Corps Staff prepared maps to show how a bombardment which obliterated the drainage would inevitably lead to a series of pools, and they located the exact spots where the waters would gather. The only reply was a peremptory order that they were to ‘Send no more of these ridiculous maps.’ Maps must conform to plans and not plans to maps. Facts that interfered with plans were impertinencies.”

Here you have the explanation of why our ruling elites do nothing about climate change, refuse to respond rationally to economic meltdown and are incapable of coping with the collapse of globalization and empire. These are circumstances that interfere with the very viability and sustainability of the system. And bureaucrats know only how to serve the system. They know only the managerial skills they ingested at West Point or Harvard Business School. They cannot think on their own. They cannot challenge assumptions or structures. They cannot intellectually or emotionally recognize that the system might implode. And so they do what Napoleon warned was the worst mistake a general could make—paint an imaginary picture of a situation and accept it as real. But we blithely ignore reality along with them. The mania for a happy ending blinds us. We do not want to believe what we see. It is too depressing. So we all retreat into collective self-delusion.

In Claude Lanzmann’s monumental documentary film “Shoah,” on the Holocaust, he interviews Filip Müller, a Czech Jew who survived the liquidations in Auschwitz as a member of the “special detail.” Müller relates this story:
“One day in 1943 when I was already in Crematorium 5, a train from Bialystok arrived. A prisoner on the ‘special detail’ saw a woman in the ‘undressing room’ who was the wife of a friend of his. He came right out and told her: ‘You are going to be exterminated. In three hours you’ll be ashes.’ The woman believed him because she knew him. She ran all over and warned to the other women. ‘We’re going to be killed. We’re going to be gassed.’ Mothers carrying their children on their shoulders didn’t want to hear that. They decided the woman was crazy. They chased her away. So she went to the men. To no avail. Not that they didn’t believe her. They’d heard rumors in the Bialystok ghetto, or in Grodno, and elsewhere. But who wanted to hear that? When she saw that no one would listen, she scratched her whole face. Out of despair. In shock. And she started to scream..."

Read the rest here.

Choose your loyalty wisely, because you may be spending a very long time with what you serve. And even if it is not a conscious choice of the moment, what you do, or do not, determines to whom you belong.
"Know you not, that to whom you yield yourselves as servants to obey, his servants you are; whether of a corruption unto death, or of a righteousness unto life?"
It is not surprising that people sell themselves so badly, but rather that they also do it so cheaply.