Sunday 16 March 2008

St. Patty's Day Massacre

Well, I can't say I am sure it will happen - a good pyrrhonien would never admit this publicly - but I could say that its non-occurrence has been utterly unforeseeable to me for a long time.  One could even make this visibility of the invisible a central hypothesis of Skeptinomics:  Act at the sight of the fullest Nothing.  
Now we on the left will begin to worry about the margins of the economy, the masses lucky enough to be exploited by us; it will hurt them first.  Maybe.  It will hurt us more.  We in the far west are unprepared for this type of deflationary collapse, specifically one which involves the long term inflation as one of its most difficult components.  Commodity prices are high and getting higher, and are unlikely to collapse as money flees the stock markets.  This is very different than the situation in the 1930's.  Most of us couldn't raise even a small part of our own food supply, and the government won't be knocking down farmer's doors in order to destroy excess supply.  Quite the opposite.  America and Western Europe are far more vulnerable than places that have been less infantilized by their own narcissistic sense of entitlement.  Still, because of this weakness, these places are often quick to socialize the food supply in times of crisis (remember government cheese?).

Possibly, the global financial markets are about to foreclose on the America.  If they do, they will implode the same way the banks have after foreclosing on borrowers.  The total refusal of any collectivism, the automation of auto-preservation, is revealing itself as autoimmune in a classic Derridean sense.  
The question is:  Will the trace of this lost thing called Capital, this lost capital, remind us of times we had long forgotten?  And how long forgotten will these memories be?  Back beyond feudalism, beyond the hope of socialism, to a steppe, perhaps?  Or maybe even the trees?  Perhaps to an open fundamentalism, that finds its grounding wherever and whenever it looks...

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