If you want to understand how we got where we are, it’s simple: our strongest feedback systems to our decision making people are telling them “everything’s great, stay on course!”
For over 40 years now the rich have gotten richer. Politicians have gotten richer. Corporate officers, CEOs and executives have gotten richer.
Money is reward, and the reward centers for our elites are going off like a slot machine that constantly pays millions. BLING! BLING! BLING!
Whenever someone says “you should do less of this thing that makes you more money and power”, which is essentially everything that needs to be changed from Covid (making them richer) to climate change (still more oil to pump, baby) to ending pharma patents (Bill Gates says NO) to fixing inequality or feeding hungry people or housing the homeless, well, their fortunes (or bribes) come from making these things worse.
Capitalism is supposed to provide a feedback system. It isn’t the best feedback system, but if forced or allowed to work (and only government can enforce it, which is why rich people can’t be allowed, as they always purchase the government) it makes individuals and corporations who can’t even make a real profit go bankrupt.
But in 2008, Bernanke, whose entire intellectual opus was “how do we make sure another FDR doesn’t happen by making sure the rich never lose their money and power again” started the process of shoveling money down the gullets of the rich. (Greenspan had been piping it in too, but maintained some pretense he wasn’t and tried not to actually print money obviously.)
Every major central bank in the world followed course and all the economic feedback systems broke. No matter what rich idiots did, they would never as a class be allowed to go bankrupt, or even not keep getting richer. Vast money funneled to the rich and inflation showed up exactly where one would expect it, in things the rich were bidding up (yachts, art, luxury apartments) and in whatever they were buying up to get a new revenue stream (housing, most recently, so rent will soon /really/ go thru the roof.)
Now, as I pointed out at the time, the problem with all of this is that the real world exists, and so does a real economy in which items must be manufactured, food grown and products delivered. All of that has to be done in a world with weather, climate, animals, plants and an atmosphere.
Since all the feedback systems put in place by humans had broken (no one in power cared or cares about UN climate reports), we then had to wait for the world to start smacking us around.
That has started, with wildfires and northern hurricanes and so on (and Covid, to some extent), and the logistics system has proven itself to be fragile and easily disrupted exactly as many of us pointed out, while power and water systems and so on show their fragility as well.
But it’s not enough yet, this is all stuff the rich can ignore: have more than one home, have them off the grid, travel by private jet, etc, etc…
So the feedback will continue until it becomes so severe either the Proles do a Versailles on unresponsive elites or the elites feel more endangered than their bank accounts can make up for. (A hundred million+ dollars can buy a LOT of immunity. You may be dead before they feel it.)
This story isn’t new to regular readers, though, but I want to splice it with another thread.
Incentives.
I hate incentives. Loathe them. Every place I ever worked, the incentives did more harm than good. But it’s the mantra, the mindless ideology of our age that incentives work and you should align incentives.
Since we re-engineered our entire society to appear to do that, our societies have gone to shit for everyone but the one to three percent or so, but since feedback to anybody but them doesn’t matter, we continue.
I recently read John Ralston Saul’s “The Unconscious Civilization.” Or, rather, re-read it, but last time I looked at it was in the nineties.
Saul wrote a bunch of non-fiction books and they’re all bad except “The Unconscious Civilization”, which is brilliant. (They’re bad because Saul is of the old humanist tradition that insists on putting in as many references to the greats of the past as possible.)
But Unconscious Civilization is the publication of a series of five lectures by Saul and the limited time forced him to get to the fucking point. So, read it. (It’s scarily right about almost everything.)
One point Saul makes over and over again is the “value of disinterest”. Social decisions cannot be made properly by people who have an interest in them. Cannot be. We have run a 40 year (arguably 200 to 500 year) experiment on this, and it has failed and failed and failed. Elites need moderate negative feedback and to be insulated from the effects of their decisions which benefit groups.
Our society, as Saul points out, is all organized into interest groups, which half the audience is probably thinking is insane, because they think of interests group as things like environmentalist and people who want food aid, and not as corporations. (Though NGOs are definitely corporatist by Saul’s definition.)
People who have a strong interest can’t make good decisions for anyone but themselves about anything they have a strong positive interest in. It’s that simple.
If we want out of this mess, we have to break strong positive incentives. No stock options, for example. No surgeons flying around in private jets.
When someone’s interest is so strong it makes sense for them to burn the world down (and be clear, it did, because most wouldn’t still be here, and many figure their wealth will protect them), interest has failed. Incentives have failed.
Elites must be subject to the effects of their decisions, yes, but primarily on the downside.
It’s hard to see a way out of this now, because there isn’t one.
Instead the way out will be forced. When fear rises to the necessary level, those who betray society as a whole for their own interest will be dealt with. If they’re lucky it will be thru democratic norms, if they aren’t lucky, it will be the justice of the mob. In either case it will be too late to stop the worst of climate change and ecological collapse.
For you, a reader, the point is to internalize what went wrong and why, so you understand the conditions in which it will change and do not waste time on actions which won’t help. Moral ‘suasion will not work. The elites will respond to power and fear and nothing else.
If you can’t apply enough of that, or any movement asking for your help indicates their strategy doesn’t involve power and fear, then you need to prepare in other ways. In fact, as an ordinary person, you just need to prepare, because while you can do your bit you do not have enough power to be determinative.
Politics is unlikely to save you and what you do will not determine if it does. So you must, with others, save yourselves.
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