Friday, August 17, 2018

A Deep State Of Denial

At what point does an economic ideology morph into a serial con job propagated by manic circus clowns, afraid of life outside the Big Top? Because we're long past that point...And is Trump a Russian Manchurian Candidate tasked with imploding global capitalism? Or is he acting alone? Neither side can agree on this point...




The world has been sucked down the vortex of corporate monoculture. We now have a binary choice to come out the other end as sausage or something resembling humanoid.

The battle of fake ideas rages between the left and the right. Both sides have far more in common than any of them could possibly admit. They've been used and commodified. Shrink-wrapped. Their ideas are not their own, they've been implanted from birth. Alex Jones should stop looking for the vast left-wing conspiracy to emasculate the male gender and start blaming his own knife and fork. Just another burnt offering at the altar of quarterly profit.

Trump is an idiot savant. He oscillates between declaring ideas that make commonsense, and total senility. The mental capacity of a fourth grader free-basing Ritalin. His devout adversaries prey upon his abject inability to let good ideas stand on their own merit,  free of being sullied by asinine antics and behavior. His own worst natural enemy. A true conspiracy theorist would believe that Trump was sent to hijack the cause of economic nationalism. Because any idea - even a good one such as ending quarterly profit reporting suggested this week - automatically gets dismissed along with the rest of his jackass ideas.

Just as "socialism" is the catch-all term to block any commonsense idea to rebalance the economy by the left, now "natonalism" is the catch-all term to block every commonsense idea from the right. If someone suggests a living wage or accessible and affordable healthcare, they are instantly derided as "socialist", which is Fox News shorthand for those of us reading Trotsky all day long. Alternatively, the term "nationalism" which should mean rebalancing the economy towards domestic enterprise versus multinational arbitrage, instantly conjures up a thousand years of warfare in Europe, and Neo-Nazi skinheads at home. Putting babies in cages did nothing for the cause. It was a gratuitous political stunt.   

If Trump had said he wants to rebalance trade over the next decade on an incremental basis. If he had set plausible goals, communicated them, gained consensus, and managed towards the plan, then he may have been successful. Now we'll never know, because he chose to conduct a trade war like a Reality TV circus. Calling sovereign nations to the mat for successive rounds of gratuitous humiliation and using Twitter brinkmanship to boost his popularity ratings. Trading partners were left with no choice politically but to galvanize against him.

One thing both sides should be able to agree upon: Russia won the election. Because while none of the commonsense reforms on either side could be allowed to dilute the perfections of the Globalized Ponzi system that were so obviously self-evident in 2008, in the meantime it has become inexorably more frail and imbalanced. Every dunce knows that nothing ensures confidence in an economic "system" quite like having it spontaneously explode at regular intervals. Demanding more bailout socialism for billionaires. Until the day comes when socialism can no longer afford to bail out capitalism.

It's at that point when the ideas that were dismissed out of hand as "socialism" a year ago seem like a grand bargain compared to what is on the table now. 




"In saying that there are no more banks so big and powerful that they are sure to receive government bailouts if they falter, Powell went further than his predecessors have. It was also an answer that many senators didn't want to hear."