Affichage des articles dont le libellé est economics. Afficher tous les articles
Affichage des articles dont le libellé est economics. Afficher tous les articles

14 décembre 2011

13 août 2011

the lid taken off

"Consumption is not, as one might generally imagine (which is why economic "science" is fundamentally averse to discussing it), an indeterminate marginal sector where an individual, elsewhere constrained by social rules, would finally recover, in the "private" sphere, a margin of freedom and personal play when left on his own. Consumption is a collective and active behavior, a constraint, a morality, and an institution. It is a complete system of values, with all that the term implies concerning group integration and social control.

We don't realize how much the current indoctrination into systematic and organized consumption is the equivalent and the extension, in the twentieth century, of the great indoctrination of rural populations into industrial labor, which occurred throughout the nineteenth century. The same process of rationalization of productive forces, which took place in the nineteenth century in the sector of production is accomplished, in the twentieth century, in the sector of consumption. Having socialized the masses into a labor force, the industrial system had to go further in order to fulfill itself and to socialize the masses (that is, to control them) into a force of consumption."
- Jean Baudrillard, Consumer Society
(via Zeynep)

***


"The “bloody week,” as it was called, also involved an enormous destruction of property. The Communards, to be sure, were not enamored of the privileges of private property and were not averse to destroying hated symbols. The Vendôme Column—which Napoleon III had doted upon—was toppled in a grand ceremony on the May 16 to symbolize the end of authoritarian rule. The painter Courbet was later held responsible for this act, and condemned to pay for the reconstruction of the monument out of his own pocket. The Communards also decreed, but never carried out, the destruction of the Chapel of Expiation, by which Louis XVIII had sought to impress upon Parisians their guilt in executing his brother. And when Thiers had shown his true colors, the Communards took a certain delight in dismantling his Parisian residence, stone by stone, in a symbolic gesture that Goncourt felt had an “excellent bad effect." But the wholesale burning of Paris was another matter entirely."
- David Harvey, Paris, Capital of Modernity

***


"We compile a new index that summarizes these variables, and then ask -- for every percentage cut in government spending, how much more instability should we expect? The data shows a clear link between the magnitude of expenditure cutbacks and increases in social unrest. With every additional percentage point of GDP in spending cuts, the risk of unrest increases."
- Jacopo Ponticelli and Hans-Joachim Voth, Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2009 (pdf)

***


"Lewis Namier famously described 18th-century British politics as ‘aristocracy tempered by rioting’. In fact riots often combine the form of radical protest with reactionary content.
[...]
As well established as the riot tradition is reactive alarmism that the country is going to hell in a looted shopping trolley. Namier’s bon mot could be rewritten for our times as ‘plutocracy tempered by riot’. Consumerism holds up varnished designer tat as the sine qua non of civic respect. Its supporting ideology holds that monetary access to consumer goods flows from desert, the sort of thing stockpiled by politicians’ beloved ‘hard-working people and their families’. But everyone – not least Keele University cleaning staff, employed for over thirty years, who get up before six every morning to earn the minimum wage – knows that that is all balls. Acquisitiveness and arson are, as far as this goes, two sides of the same coin. Consumerism may be a mug’s game; but acting as though it efficiently metes out rewards according to desert is a mug’s game run by the mugs. Small wonder when the lid is taken off that those who know the system is a put-up job fill their boots."
- Glen Newey, "To Hell in a Looted Shopping Trolley"

10 octobre 2008

the ingenuity of the market



[Don't be distracted by the humor - these are the actual facts of the subprime crisis, the first domino in our present situation. This is the closest thing to a nonideological analysis I've seen, presented with absolute clarity. Please share.]

Thanks to André Dias and Margarida Carvalho for passing this along.

16 juin 2008

independence, colonialism, Kenyatta

"When the Missionaries arrived, the Africans had the Land and the Missionaries had the Bible. They taught how to pray with our eyes closed. When we opened them, they had the land and we had the Bible." - Jomo Kenyatta
***

A Response to Imperialism, aka Gentlemen of the Jungle by Jomo Kenyatta:
Once upon a time an elephant made a friendship with a man. One day a heavy thunderstorm broke out, the elephant went to his friend, who had a little hut at the edge of the forest, and said to him: "My dear good man, will you please let me put my trunk inside your hut to keep it out of this torrential rain?" The man, seeing what situation his friend was in, replied: "My dear good elephant, my hut is very small, but there is room for your trunk and myself. Please put your trunk in gently." The elephant thanked his friend, saying: "You have done me a good deed and one day I shall return your kindness." But what followed? As soon as the elephant put his trunk inside the hut, slowly he pushed his head inside, and finally flung the man out in the rain, and then lay down comfortably inside his friend's hut, saying: "My dear good friend, your skin is harder than mine, and as there is not enough room for both of us, you can afford to remain in the rain while I am protecting my delicate skin from the hail storm.

The man, seeing what his friend had done to him, started to grumble, the animals in the nearby forest heard the noise and came to see what was the matter. All stood around listening to the heated argument between the man and his friend the elephant. In this turmoil the lion came along roaring, and said in a loud voice: "Don't you know that I am the King of the jungle! How dare anyone disturb the peace of my kingdom?" On hearing this the elephant, who was one of the high ministers in the jungle kingdom, replied in a soothing voice, and said: "My Lord, there is no disturbance of the peace in your kingdom. I have only been having a little discussion with my friend here as to the possession of this little hut which your lordship sees me occupying." The lion, who wanted to have "peace and tranquility" in his kingdom, replied in a noble voice, saying: "I command my ministers to appoint a Commission of Enquiry to go thoroughly into this matter and report accordingly." He then turned to the man and said: "You have done well by establishing friendship with my people, especially with the elephant who is one of my honorable ministers of state. Do not grumble any more, your hut is not lost to you. Wait until the sitting of my Imperial Commission, and there you will be given plenty of opportunity to state your case. I am sure that you will be pleased with the findings of the Commission." The man was very pleased by these sweet words from the King of the jungle, and innocently waited for his opportunity, in the belief, that naturally the hut would be returned to him.

The elephant, obeying the command of his master, got busy with other ministers to appoint the Commission of Enquiry. The following elders of the jungle were appointed to sit in the Commission: (1) Mr. Rhinoceros; (2) Mr. Buffalo; (3) Mr. Alligator; (4) The Rt. Hon. Mr. Fox to act as chairman; and (5) Mr. Leopard to act as Secretary to the Commission. On seeing the personnel, the man protested and asked if it was not necessary to include in this Commission a member from his side. But he was told that it was impossible, since no one from his side was well enough educated to understand the intricacy of jungle law. Further, that there was nothing to fear, for the members of the Commission were all men of repute for their impartiality in justice, and as they were gentlemen chosen by God to look after the interest of races less adequately endowed with teeth and claws, he might rest assured that they would investigate the matter with the greatest care and report impartially.

The Commission sat to take the evidence. The Rt. Hon. Mr. Elephant was first called. He came along with a superior air, brushing his tusks with a sapling which Mrs. Elephant had provided, and in an authoritative voice said: 'Gentlemen of the jungle, there is no need for me to waste your valuable time in relating a story which I am sure you all know. I have always regarded it as my duty to protect the interests of my friends, and this appears to have caused the misunderstanding between myself and my friend here. He invited me to save his hut from being blown away by a hurricane. As the hurricane had gained access owing to the unoccupied space in the hut, I considered it necessary, in my friend's own interests, to turn the undeveloped space to a more economic use by sitting in it myself; a duty which any of you would undoubtedly have performed with equal readiness in similar circumstances."

After hearing the Rt. Hon. Mr. Elephant's conclusive evidence, the Commission called Mr. Hyena and other elders of the jungle, who all supported what Mr. Elephant had said. They then called the man, who began to give his own account of the dispute. But the Commission cut him short, saying: "My good man, please confine yourself to relevant issues. We have already heard the circumstances from various unbiased sources; all we wish you to tell us is whether the undeveloped space in your hut was occupied by anyone else before Mr. Elephant assumed his position?" The man began to say: "No, but_" But at this point the Commission declared that they had heard sufficient evidence from both sides and retired to consider their decision. After enjoying a delicious meal at the expense of the Rt. Hon. Mr. Elephant, they reached their verdict, called the man, and declared as follows: "In our opinion this dispute has arisen through a regrettable misunderstanding due to the backwardness of your ideas. We consider that Mr. Elephant has fulfilled his sacred duty of protecting your interests. As it is clearly for your good that the space should be put to its most economic use, and as you yourself have not yet reached the stage of expansion which would enable you to fill it, we consider it necessary to arrange a compromise to suit both parties. Mr. Elephant shall continue his occupation of your hut, but we give you permission to look for a site where you can build another hut more suited to your needs, and we will see that you are well protected."

The man, having no alternative, and fearing that his refusal might expose him to the teeth and claws of members of the Commission, did as they suggested. But no sooner had he built another hut than Mr. Rhinoceros charged in with his horn lowered and ordered the man to quit. A Royal Commission was again appointed to look into the matter, and the same finding was given. This procedure was repeated until Mr. Buffalo, Mr. Leopard, Mr. Hyena and the rest were all accommodated with new huts. Then the man decided that he must adopt an effective method of protection, since Commissions of Enquiry did not seem to be of any use to him. He sat down and said: "Ng'enda thi ndeagaga motegi," which literally means, "there is nothing that treads on the earth that cannot be trapped," or in other words, you can fool people for a time, but not forever.

Early one morning, when the huts already occupied by the jungle lords were all beginning to decay and fall to pieces, he went out and built a bigger and better hut a little distance away. No sooner had Mr. Rhinoceros seen it than he came rushing in, only to find that Mr. Elephant was already inside, sound asleep. Mr. Leopard next came in at the window, Mr. Lion, Mr. Fox, and Mr. Buffalo entered the doors, while Mr. Hyena howled for a place in the shade and Mr. Alligator basked on the roof. Presently they all began disputing about their rights of penetration, and from disputing they came to fighting, and while they were embroiled together the man set the hut on fire and burnt it to the ground, jungle lords and all. Then he went home, saying "Peace is costly, but it's worth the expense," and lived happily ever after.


[Note: this is not an endorsement of Kenyatta's political career, but it should be clear from the above that Kenyatta at least understood the nature of colonial power.]

07 mai 2008

unbelievably horrible repercussions

Often corruption is just seen as a crime of theft. And the major point of the movie actually is that corruption is not a victimless crime. Corruption is actually one of the most violent crimes in the entire world, especially when the victims of this theft are amongst the poorest and most impoverished people in the world. You can't steal $2 billion from people who are hungry and don't have enough food to eat without there being unbelievably horrible repercussions. It's akin to war crimes, just in its scope and in its scale.
- Jason Kohn

12 avril 2008

reversing the relationship postulated by economic theory

There has been an ongoing conflict between market values and other, more traditional value systems, which has aroused strong passions and antagonisms. As the market mechanism has extended its sway, the fiction that people act on the basis of a given set of nonmarket values has become progressively more difficult to maintain. Advertising, marketing, even packaging, aim at shaping people's preferences rather than, as laissez-faire theory holds, merely responding to them. Unsure of what they stand for, people increasingly rely on money as the criterion of value. What is more expensive is considered better. The value of a work of art can be judged by the price it fetches. People deserve respect and admiration because they are rich. What used to be a medium of exchange has usurped the place of fundamental values, reversing the relationship postulated by economic theory. What used to be professions have turned into businesses. The cult of success has replaced a belief in principles. Society has lost its anchor.

- "The Capitalist Threat" by George Soros



Exchange value could arise only as a representative of use value, but the victory it eventually won with its own weapons created the conditions for its own autonomous power. By mobilizing all human use value and monopolizing its fulfillment, exchange value ultimately succeeded in controlling use. Usefulness has come to be seen purely in terms of exchange value, and is now completely at its mercy. Starting out like a condottiere in the service of use value, exchange value has ended up waging the war for its own sake.

[...]

Use value was formerly understood as an implicit aspect of exchange value. Now, however, within the upside-down world of the spectacle, it must be explicitly proclaimed, both because its actual reality has been eroded by the overdeveloped commodity economy and because it serves as a necessary pseudo-justification for a counterfeit life.

The spectacle is the flip side of money. It, too, is an abstract general equivalent of all commodities. But whereas money has dominated society as the representation of universal equivalence — the exchangeability of different goods whose uses remain uncomparable — the spectacle is the modern complement of money: a representation of the commodity world as a whole which serves as a general equivalent for what the entire society can be and can do. The spectacle is money one can only look at, because in it all use has already been exchanged for the totality of abstract representation. The spectacle is not just a servant of pseudo-use, it is already in itself a pseudo-use of life.

- The Society of the Spectacle by Guy Debord (46, 48-49)

Update: see comments for further material relating to Dziga Vertov, poetry, and my ambivalence about this post.