Capitalism wouldn't be around today, at least not in its current pathogenic form, if it had not caught a couple of lucky breaks. The first of course, was the expansion of bloodsucking colonialism to give it transfusions of unearned wealth, enabling "investors" to profit by artificial means (death, oppression and slavery). But the biggest break was being driven to stratospheric heights by inordinate quantities of available hydrocarbon energy. Inordinate, but never the less finite. Consequently, the 100-year-long oil suckdown that put industrial countries in the tall cotton, now threatens to take back from subsequent beneficiary generation everything it gave. The Hummers, the golf courses, the big box stores, cruising at 35,000 feet over the Atlantic -- everything.
You'd never know that, to look around at Americans or Canadians, who have not the slightest qualms about living in that 3,500 square foot vinyl sided fuck box, if they can manage to make the mortgage nut, or unashamedly buying a quadruple X large Raiders Jersey because, hey, a guy's gotta eat, right? Why don't I deserve a nice ride, a swimming pool and a flat screen? I worked for it (sure you did buddy, your $12,000 Visa/MasterCard tab is proof of that).
The doomers and the peak oilers gag, and they call it American denial. Personally, I think it is somewhat unfair to say that most Americans and Canadians are in denial. They simply don't have a fucking clue about what is really happening to them and their world. Everything they have been taught about working, money and "quality of life" constitutes the planet's greatest problem -- overshoot. Understanding this trashes our most basic assumptions, and requires a complete reversal in contemporary thought and practice about how we live in the world. When was the last time you saw any individual, much less an entire nation, do that?
Compounding our ignorance and naiveté are the officials and experts, politicians, media elites, and especially economists, who interpret the world for us and govern the course of things. The go-to guys. They don't know either. But they've got the lingo down.
Somehow or other, it all has to do with the economy, which none of us understands, despite round the clock media jabbering on the subject. Somehow it has to do with this great big spring on Wall Street called "the market" that's gotta be kept wound up, and interest rates at something called The Fed, which have got to be kept smunched down. The industry of crystal gazing and hairball rubbing surrounding these entities is called economics.
http://www.joebageant.com/joe/2010/07/waltzing.html">Joe Bageant, From: "Waltzing at the Doomsday Ball"
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