Reality Receding (James Howard Kunstler)

[Tace]

James Howard Kunstler -- World News Trust

Sept. 14, 2009 -- Now that everybody in the USA, from the janitors in their man-caves to the president addressing congress, has declared the "recession" over, is exactly the moment when what's left of the so-called economy is most likely to implode. If there were still shoeshine boys on Wall Street, they'd be starting their own hedge funds now, and CNBC's Larry Kudlow would be toasting them in the Grill Room of The Four Seasons. What we've seen in the vaunted rally for the last six months is the triumph of wishing over facts, combined with the most arrant market manipulation by floundering banks backstopped by a panicked government -- all pounding sand down a rat-hole of hopeless non-performing debt, while pretending that the machinery of capital finance still grinds on.

Despite what a few elderly Mr. Naturals may say about abolishing "capitalism," we're not going to have an advanced economy without a coherent banking system, and by advanced economy I mean one in which the lights stay on. By coherent I mean a system that is able to deploy accumulated wealth for productive purposes, in the service of continuing civilization. (And, yes, I know that the followers of Daniel Quinn are not so sure that civilization is worth the trouble, but unless you support the killing-off of about six billion humans right away, things on Earth are not favorably disposed just now for a return to hunting-and-gathering.)

I would hasten to cut through the fog of despair to reassert -- for the thousandth time -- that a true American perestroika is possible, if the public could overcome the plague of cognitive dissonance sweeping the land and form a consensus for action that comports with reality's agenda. But that is looking less and less likely. Instead, what we see is a rush into delusion, seasoned with grievance and gall. Spectacles like last weekend's march on Washington don't happen for no reason, of course. From where I sit, the uproar can be attributed to comprehensively bad American leadership, a crisis in authority and legitimacy that has left a functional vacuum in every executive office throughout the land -- from the White House to the state houses, to the lairs of the CEOs, to the towers of the deans and department chairs, to the glitzy sets of the nightly news deliverers, to the makeshift quarters of the NGO chiefs. In former times, clueless and impotent leaders stuck their heads in the sand. Nowadays, with pandemic narcissism abroad in the land, the heads are more usually inserted into the aperture that leads into the large bowel....

But I indulge in diverting objurgation when I should perhaps explain this American perestroika more clearly. The Russian word roughly translates to "restructuring." They flubbed it in 1989 because their system was too ossified and too far gone -- though history and circumstance eventually did it for them. A similar outcome is possible here, too, in which things just have to completely fall apart before emergent reorganization occurs. But you can be sure that if we allow this to happen, an awful lot of things will get smashed along the way, including lives, careers, families, property, and cherished institutions.

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http://worldnewstrust.com/commentary/3702-reality-receding-james-howard-kunstler

[JackintheGreen]

1. Sometimes I really like JHK

and then he says something sweepingly stupid and dismissive like "from janitors in their man-caves." What the fuck, Jim! Fucking fuck you.

I have a weird relationship to JHK's ideas.

[Tace]

3. I Know What You Mean. I'm Ambivalent As Well

What really gets me is when he comments on the Middle East.

[Demeter]

2. Somehow, Turning Into Gangsta Mutha Russia Isn't What I Had In Mind for the Country

but then, probably because we're already into Gangsta Banker, Sugar Daddy US mode.