The word Titanic springs back to mind
So the banks (the elite bankers) are scrambling together at the muster stations. If they can gather quietly than they should avert a panic and slowly make their ways to the life boats.
They have probably worked out that half of this fleet is sinking. It will mean financial ruin for many. There are only so many lifeboats or safe havens- government backed financial institutions or safe private banks (who are they?) The banks need to retain an illusion of calm. If too many people start moving suddenly towards safety, than a bottleneck will form, followed by a scramble. That's a run and things are so volatile at the moment, it could break out at any moment. That run will mark the sudden end of an era- the experiment of ultra-aggressive capitalism- the financial apparatus would have collapsed and in times of emergency the government will need to step in and introduce emergency measures. That could mean, a surge of state purchasing of people's private property, state imposition of restriction on liquidity flow (you cant touch or transfer your savings without permission), the take over of a large section of banking system back to central control and this backed up by enforcement of law and order in response to the inevitable social unrest that will follow.
A capitalist state with more than a hint of socialism (even police state the most un-nerved will shout) would have emerged over night. Was this a socialisty plot? How clever is Gordon? If this does occur- then best to hope it was a plot, than at least someone is in control.
However, if a run doesn't occur, we will probably get to the same point but through a longer more scenic route. It is more likely to be a gradual process- of punctuated decline and a slow transition to less aggressive, more social-minded/environmentally friendly capitalism. Bring it on.
Wednesday, 17 September 2008
Tuesday, 16 September 2008
MELT DOWN
Oh Dear,
Nasty corporate giants are crumbling all around. A financial system based on short term gain. elitism and lack of value to society and the environment appears to be going through a cataclysmic transition.. These are in some cases 100-200 year old institutional giants, which have slowly corrupted and become unstable. More will follow and so will tsunamis and shock waves (not literal obviously). The gangster-like giant corporations Lehman Bros, Merrill Lynch, Freddie Mac, Fannie Mae, Bear Stearns, BNP Paribas and others are wiping each other out in the equivalent of a global mafia style turf war. Nobody trusts eachother and who will be popped next. Who will remain as the 'Don'- will power shift back into the hands of government or will a global financial tyrant emerge??? Will benevolent capitalist institutions (Big Friendly Giants) prevail and take control. If the power shifts back into the hands of governments, will their peoples demand responsible governing, the re-distribution of power and a closing of inequality or will the crisis shift from one tyrant to the next. Does ultimate power lie chiefly in corporations, individual organic networks or government. How will the cake be divided. This is war (biology)and in the true nature of modern human warfare- the arena is not the trenches and fields but through control of resources through financial control and ideology. As usual, while the warlords prepare to engage, the majority of people are oblivious (caught up in distractions of a personal nature which is permitted to divert attention from the real game). In ignorance and/or lack of choice they (we or me) are pawns and some are about to be taken. Ignorance is bliss...... until the train hits you.
Sunday, 14 September 2008
Saturday, 13 September 2008
Monday, 8 September 2008
Mmmm......
More interesting developments on the world stage. The Bush administration have guaranteed £2.8 trillion to salvage the sinking mortgage giants Freddie Mac and Fannie Mae. Well it probably wont be long before the British government have to run to the rescue of similar British giants to add to it's increasing portfolio of state owned recent acquisitions.
So corporations are falling into the hands of government. Very clever. I do wonder whether Gordon Brown has planned all this, when he was referring to a steady state economy. He is after all a socialist. Probably not, it is probably the laws of nature that are causing this crisis.
It is a very dangerous thing to have moved all the resources up to the higher trophic levels of a system because it means the foundations which those levels rest on become unstable. How can an elite class, standing on the shoulders of the working and middle classes expect to be held up if they deprive their human under-pining. This crisis is based on lending money to people who can't pay it back- the sub-prime. They can't pay it back because they haven't got it. They haven't got it because somebody else has it all for themselves. The unequal distribution of resources, or if you like elevations (Greed) is the resistance of the laws of nature and things that resist the inevitable are transient and do not persist. Nature continually works like a carpenters plane- trying to level things out and distribute things over a wide area. Mountains are washed to the sea.... and those mountains whose foundations are weak- collapse cataclysmically forming very large craters.
Now.... what for the very large mountain of financial resources that has built up on the small island that I live on. It is all a question of time. At the moment a storm is raging- eroding the top and sides. For as long as the foundations are sound, there should be no land slide and things will move at a manageable pace. Yes it is all to do with those foundations- the ones we call sub-prime.
So corporations are falling into the hands of government. Very clever. I do wonder whether Gordon Brown has planned all this, when he was referring to a steady state economy. He is after all a socialist. Probably not, it is probably the laws of nature that are causing this crisis.
It is a very dangerous thing to have moved all the resources up to the higher trophic levels of a system because it means the foundations which those levels rest on become unstable. How can an elite class, standing on the shoulders of the working and middle classes expect to be held up if they deprive their human under-pining. This crisis is based on lending money to people who can't pay it back- the sub-prime. They can't pay it back because they haven't got it. They haven't got it because somebody else has it all for themselves. The unequal distribution of resources, or if you like elevations (Greed) is the resistance of the laws of nature and things that resist the inevitable are transient and do not persist. Nature continually works like a carpenters plane- trying to level things out and distribute things over a wide area. Mountains are washed to the sea.... and those mountains whose foundations are weak- collapse cataclysmically forming very large craters.
Now.... what for the very large mountain of financial resources that has built up on the small island that I live on. It is all a question of time. At the moment a storm is raging- eroding the top and sides. For as long as the foundations are sound, there should be no land slide and things will move at a manageable pace. Yes it is all to do with those foundations- the ones we call sub-prime.
Saturday, 6 September 2008
Tuesday, 2 September 2008
The fairer of the species
Humans are strange- it is like they are all the animals rolled into one- we can fly, dive, burrow, walk, run, swim, eat vegetarian, eat meat, eat nearly anything, males and females sing, males and females dance, both hunt, both gather, both farm, humans can work in groups, work alone, they can have 100 partners or have one partner, two wives, ten husbands, no wives- there are few rules. It would be a nightmare trying to write a HBW style summary of human sub-species and distribution, descriptive notes, habitat, food and feeding, breeding, movements and status and conservation. It will be like -everything goes.
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