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Aha. I am sorry that this has been sitting in my inbox for a while, since I’ve been busy and doing stressful things and not sure how to answer this in a way that wouldn’t immediately turn into a pages-long rant. Nothing to do with you, of course, but just because I have 800 things to say on this topic, none of them complimentary, which I’ll try to condense down briefly. Ish.
In sum, end-stage capitalism is at the root of everything that’s wrong with the world today, more or less. It’s the state of being that exists when the economic system of capitalism, i.e. the exchange of money for goods and services, has become so runaway, so unregulated, so elevated to the level of unchallengeable dogma in the Western world (especially after the Cold War and decades of hysteria about the “scourge of communism”) and so embedded on every level of the social and political fabric that it is no longer sustainable but also can’t be destroyed without taking everything else down. Nobody wants to be the actual generation that lives through the fall of capitalism, because it’s going to be cataclysmic on every level, but also… we can’t go on like this. So that’s a fun paradox. The current world order is so drastically, unimaginably, ridiculously and wildly unequal, privileging the tiny elite of the ultra-rich over the rest of the planet, because of hypercapitalism. This really got going in the early 1980s when Ronald Reagan, still generally worshiped as a political hero on both the left and right sides of the American political establishment (even liberals tiptoe around criticizing Saint Ronnie), set into motion a program of slashing business and environment regulations, reducing or eliminating taxes on the super wealthy, and introducing the concept of “trickle-down” or “supply-side” economics. In short, the principle holds that if you make it as easy as possible for rich people to become EVEN MORE RICH, and remove all irksome regulations or restrictions on the Church of the Free Market, they will benevolently redistribute this largess to the little people. To say the very least, this….does not happen. Ever.
Since the 1980s, in short, we have had thirty years of unrestricted, runaway capitalism that eventually propelled us into the financial crisis of 2008, after multiple smaller crises, where the full extent of this philosophy became apparent…. and nobody really did anything about it. You can google statistics about how the price of everything has skyrocketed since about the 1970s, when you could put yourself through college on one part-time job, graduate with no student debt, and be assured of a job for the next 30 years, and how baby boomers (who are responsible for wrecking the economy) insist that millennials are “just lazy” or “killing [insert x industry]”. This is because we have NO GODDAMN MONEY, graduate thousands or hundreds of thousands of dollars in debt (if we can even afford college in the first place), are lucky if we find a job that pays us more than $10 an hour, and often have to string together several part-time and frangible jobs that offer absolutely nothing in the way of security, benefits, or long-term saving potential. This is why millennials at large don’t have kids, buy houses, or have any savings (or any of the traditional “adult” milestones). We just don’t have the money for it.
Even more, capitalism has taken over our mindsets to the point where it is, as I said, at the root of everything that’s wrong with the world. Climate change? Won’t be fixed because the ruling classes are making money from the current system, and if you really want to give yourself an aneurysm, google the profiteers who can’t wait for the environment/society to collapse because they’ll make MORE money off it. This is known as “disaster capitalism” and is what the US has done to other countries for decades. (I also recommend The Shock Doctrine by Naomi Klein.) This obviously directly contributes to the War on Terror, the current global instability, the reason Dick Cheney, Halliburton, Blackwater, and other private-security contractors made a mint from blowing up Iraq and paying themselves to rebuild it, and then the resultant rise of al-Qaeda, ISIS, and other extremist reactionary groups. The bombing produces (often brown and Muslim) refugees and immigrants, Western countries won’t take them in, right-wing politicians make hay out of Threats To Our Way of Life ™, and the circle goes on. Gun control? Can’t happen because a) American white supremacy is too deeply tied to its paranoid right to have as many guns as it wants and to destroy the Other at any time, and b) the NRA pays senators by the gigabucks to make sure it doesn’t. (And we all know what an absolute goddamn CLUSTERFUCK the topic of big money and American politics is in the first place. It’s just… a nightmare in every direction.)
Meanwhile, end-stage capitalism has also systematically assigned value to society and to individuals depending entirely on their prospects for monetization. Someone who can’t work, or who doesn’t work the “right” job, is thus assigned less value as a human (see all the right-wing screaming about people who “don’t deserve” to have any kind of social and financial assistance or subsidized food and medicine if they won’t “help themselves”). This is how we get to situations where we have the ads that I kept seeing in London the other month: apps where you could share your leftover food, or rent out your own car, or collectively rent an apartment, or whatever else. Because apparently if you live in London in 2019, there is no expectation that you will be able to have your own food, car, or apartment. You have to crowdsource it. (See also: people having to beg strangers on the internet for money for food or medical bills, and strangers on the internet doing more to help that person than the whole system and/or the person’s employment or living situation.) There is nothing inherently wrong with capitalism as an economic theory. Exchanging money for goods and services is understandable and it works. But when it has run out of control to this degree, when the people who suffer the most under it fiercely defend it (see the working-class white people absolutely convinced that the reason for their problems is Those Damn Job Stealing Immigrants), when it only works for the interests of a few uber-privileged few and is actively killing everyone else… yeah.
Let’s put it this way. You will likely have heard of the two fatal crashes of Boeing 737 Max airplanes in recent months: the Lion Air crash in October 2018 and the Ethiopian Airlines crash in March 2019. Together, they killed 346 people. After these crashes, it turned out that the same malfunctioning system was responsible for both, and that Boeing had known of the problem before the Max went on the market. But because they needed to make (even more) money and compete with their rivals, Airbus, they had sent the planes ahead anyway, with unclear and confusing instruction to pilots about how to deal with it, and generally not acknowledging the problem and insisting (as they still do) that the plane was safe, even though it’s been grounded worldwide since March. There are also concerns that the Federal Aviation Administration (FAA) is too deep in Boeing’s pocket to provide an impartial ruling (and America was the last country to ground the plane), and other countries’ aviation safety bodies have announced that they aren’t just going to take the FAA’s word for it whenever they decide that the Max is safe. This almost never happens, since usually international regulatory bodies, especially in aviation, will accept each other’s standards. But because of Boeing’s need for Even More Money, they put a plane on the market and into commercial passenger service that they knew had problems, and the FAA essentially let them do that and isn’t entirely trusted to ensure that they won’t do it again. Because…. value for the shareholders. Or something. This is the extreme example of what I mean when I say that end-stage capitalism is actively killing people.
It is also doing so on longer-term and more pernicious everyday levels. See above where people can’t afford their basic expenses even on several jobs, see the insulin price-gouging in the US (and the big pharma efforts in general to make drugs and healthcare as expensive as possible), see the way any kind of welfare or social assistance is framed as “lazy” or “bad” or “socialist,” see the way that people are basically only allowed to survive if they can pay for it, and the way that circle is becoming smaller and smaller. The American public is also fed enduring folk “wisdom” about “money doesn’t buy happiness,” the belief that poverty serves to build character or as an example of virtue, or so on, to make them feel proud of being poor/deprived/that they’re doing a good thing by actively supporting this system that is responsible for their own suffering. And yet for example, the Nordic countries (while obviously having other problems of their own) maintain the Scandinavian welfare model, which pays for college and healthcare, provides for individual stipends/basic income, allows generous leave for parenthood, emphasises a unionised workplace, and otherwise prescribes a mix of capitalism, social democracy, and social mobility. All the Nordic countries rank highly for human development, overall happiness, and other measurements of social success. But especially in America, any suggestion of “socialism” is treated like heresy, and unions are a dirty word. That is changing, but…slowly.
In short: the economic overlords have never done anything to give power, money, or anything at all to the working class without being repeatedly and explicitly forced, they have no good will or desire to treat the poor like humans (see: Amazon) or anything at all that doesn’t increase their already incomprehensible profit margins. The pursuit of more money that cannot possibly be spent in one human lifetime, that is accumulated, used to make laws for itself, and never paid in taxes to fund improvements or services for everyone else, lies at the root of pretty much every problem you can name in the world right now, is deeply, deeply evil, and I do not use that word lightly.
Aha. I am sorry that this has been sitting in my inbox for a while, since I’ve been busy and doing stressful things and not sure how to answer this in a way that wouldn’t immediately turn into a pages-long rant. Nothing to do with you, of course, but just because I have 800 things to say on this topic, none of them complimentary, which I’ll try to condense down briefly. Ish.
In sum, end-stage capitalism is at the root of everything that’s wrong with the world today, more or less. It’s the state of being that exists when the economic system of capitalism, i.e. the exchange of money for goods and services, has become so runaway, so unregulated, so elevated to the level of unchallengeable dogma in the Western world (especially after the Cold War and decades of hysteria about the “scourge of communism”) and so embedded on every level of the social and political fabric that it is no longer sustainable but also can’t be destroyed without taking everything else down. Nobody wants to be the actual generation that lives through the fall of capitalism, because it’s going to be cataclysmic on every level, but also… we can’t go on like this. So that’s a fun paradox. The current world order is so drastically, unimaginably, ridiculously and wildly unequal, privileging the tiny elite of the ultra-rich over the rest of the planet, because of hypercapitalism. This really got going in the early 1980s when Ronald Reagan, still generally worshiped as a political hero on both the left and right sides of the American political establishment (even liberals tiptoe around criticizing Saint Ronnie), set into motion a program of slashing business and environment regulations, reducing or eliminating taxes on the super wealthy, and introducing the concept of “trickle-down” or “supply-side” economics. In short, the principle holds that if you make it as easy as possible for rich people to become EVEN MORE RICH, and remove all irksome regulations or restrictions on the Church of the Free Market, they will benevolently redistribute this largess to the little people. To say the very least, this….does not happen. Ever.
Since the 1980s, in short, we have had thirty years of unrestricted, runaway capitalism that eventually propelled us into the financial crisis of 2008, after multiple smaller crises, where the full extent of this philosophy became apparent…. and nobody really did anything about it. You can google statistics about how the price of everything has skyrocketed since about the 1970s, when you could put yourself through college on one part-time job, graduate with no student debt, and be assured of a job for the next 30 years, and how baby boomers (who are responsible for wrecking the economy) insist that millennials are “just lazy” or “killing [insert x industry]”. This is because we have NO GODDAMN MONEY, graduate thousands or hundreds of thousands of dollars in debt (if we can even afford college in the first place), are lucky if we find a job that pays us more than $10 an hour, and often have to string together several part-time and frangible jobs that offer absolutely nothing in the way of security, benefits, or long-term saving potential. This is why millennials at large don’t have kids, buy houses, or have any savings (or any of the traditional “adult” milestones). We just don’t have the money for it.
Even more, capitalism has taken over our mindsets to the point where it is, as I said, at the root of everything that’s wrong with the world. Climate change? Won’t be fixed because the ruling classes are making money from the current system, and if you really want to give yourself an aneurysm, google the profiteers who can’t wait for the environment/society to collapse because they’ll make MORE money off it. This is known as “disaster capitalism” and is what the US has done to other countries for decades. (I also recommend The Shock Doctrine by Naomi Klein.) This obviously directly contributes to the War on Terror, the current global instability, the reason Dick Cheney, Halliburton, Blackwater, and other private-security contractors made a mint from blowing up Iraq and paying themselves to rebuild it, and then the resultant rise of al-Qaeda, ISIS, and other extremist reactionary groups. The bombing produces (often brown and Muslim) refugees and immigrants, Western countries won’t take them in, right-wing politicians make hay out of Threats To Our Way of Life ™, and the circle goes on. Gun control? Can’t happen because a) American white supremacy is too deeply tied to its paranoid right to have as many guns as it wants and to destroy the Other at any time, and b) the NRA pays senators by the gigabucks to make sure it doesn’t. (And we all know what an absolute goddamn CLUSTERFUCK the topic of big money and American politics is in the first place. It’s just… a nightmare in every direction.)
Meanwhile, end-stage capitalism has also systematically assigned value to society and to individuals depending entirely on their prospects for monetization. Someone who can’t work, or who doesn’t work the “right” job, is thus assigned less value as a human (see all the right-wing screaming about people who “don’t deserve” to have any kind of social and financial assistance or subsidized food and medicine if they won’t “help themselves”). This is how we get to situations where we have the ads that I kept seeing in London the other month: apps where you could share your leftover food, or rent out your own car, or collectively rent an apartment, or whatever else. Because apparently if you live in London in 2019, there is no expectation that you will be able to have your own food, car, or apartment. You have to crowdsource it. (See also: people having to beg strangers on the internet for money for food or medical bills, and strangers on the internet doing more to help that person than the whole system and/or the person’s employment or living situation.) There is nothing inherently wrong with capitalism as an economic theory. Exchanging money for goods and services is understandable and it works. But when it has run out of control to this degree, when the people who suffer the most under it fiercely defend it (see the working-class white people absolutely convinced that the reason for their problems is Those Damn Job Stealing Immigrants), when it only works for the interests of a few uber-privileged few and is actively killing everyone else… yeah.
Let’s put it this way. You will likely have heard of the two fatal crashes of Boeing 737 Max airplanes in recent months: the Lion Air crash in October 2018 and the Ethiopian Airlines crash in March 2019. Together, they killed 346 people. After these crashes, it turned out that the same malfunctioning system was responsible for both, and that Boeing had known of the problem before the Max went on the market. But because they needed to make (even more) money and compete with their rivals, Airbus, they had sent the planes ahead anyway, with unclear and confusing instruction to pilots about how to deal with it, and generally not acknowledging the problem and insisting (as they still do) that the plane was safe, even though it’s been grounded worldwide since March. There are also concerns that the Federal Aviation Administration (FAA) is too deep in Boeing’s pocket to provide an impartial ruling (and America was the last country to ground the plane), and other countries’ aviation safety bodies have announced that they aren’t just going to take the FAA’s word for it whenever they decide that the Max is safe. This almost never happens, since usually international regulatory bodies, especially in aviation, will accept each other’s standards. But because of Boeing’s need for Even More Money, they put a plane on the market and into commercial passenger service that they knew had problems, and the FAA essentially let them do that and isn’t entirely trusted to ensure that they won’t do it again. Because…. value for the shareholders. Or something. This is the extreme example of what I mean when I say that end-stage capitalism is actively killing people.
It is also doing so on longer-term and more pernicious everyday levels. See above where people can’t afford their basic expenses even on several jobs, see the insulin price-gouging in the US (and the big pharma efforts in general to make drugs and healthcare as expensive as possible), see the way any kind of welfare or social assistance is framed as “lazy” or “bad” or “socialist,” see the way that people are basically only allowed to survive if they can pay for it, and the way that circle is becoming smaller and smaller. The American public is also fed enduring folk “wisdom” about “money doesn’t buy happiness,” the belief that poverty serves to build character or as an example of virtue, or so on, to make them feel proud of being poor/deprived/that they’re doing a good thing by actively supporting this system that is responsible for their own suffering. And yet for example, the Nordic countries (while obviously having other problems of their own) maintain the Scandinavian welfare model, which pays for college and healthcare, provides for individual stipends/basic income, allows generous leave for parenthood, emphasises a unionised workplace, and otherwise prescribes a mix of capitalism, social democracy, and social mobility. All the Nordic countries rank highly for human development, overall happiness, and other measurements of social success. But especially in America, any suggestion of “socialism” is treated like heresy, and unions are a dirty word. That is changing, but…slowly.
In short: the economic overlords have never done anything to give power, money, or anything at all to the working class without being repeatedly and explicitly forced, they have no good will or desire to treat the poor like humans (see: Amazon) or anything at all that doesn’t increase their already incomprehensible profit margins. The pursuit of more money that cannot possibly be spent in one human lifetime, that is accumulated, used to make laws for itself, and never paid in taxes to fund improvements or services for everyone else, lies at the root of pretty much every problem you can name in the world right now, is deeply, deeply evil, and I do not use that word lightly.
