Thursday, March 20, 2008

Credit hunch

I've really quite enjoyed observing this week's global economic crisis. There is a certain satisfaction to be derived from seeing footage on the news of all those people with ridiculous jobs in the City panicking and throwing their arms around. I've seen grown men screaming into phones desperately as their beloved free market system goes askew all around them, and yet they're completely powerless to change anything. There is beauty in this pissing into the wind.

And they say nurses have it tough

Whirlwind capitalism is spinning out of control, and yet it is of absolutely no surprise. How else could it possibly turn out? Economies based increasingly and perilously on credit so people can spend money they don't have on shit they don't need. An artificial impression of wealth conjured from systematic and practically enforced borrowing, which in turn ensnares millions of the lowest earners into the cycle of unwanted debt and therefore safeguards the future of the very system that dishes this hardship upon them.

We have enjoyed an unprecedented period of 'economic growth', despite the fact there is no such thing. Real value and real wealth comes from the Earth's resources and human manpower, not artificial inflation. We function, quite literally, on a false economy. And to think all of our domestic and geopolitical power structures are based wholly on this farcical, so-called 'liberal' economic ideology, which effectively imprisons many financially and is simply inefficient.

It all looks awfully tiring to me, but it seems many people want to spend their lives panicking and screaming down phonelines. I'm sure I'm better off out of it all, even if not in a financial sense. They could just be left to have their fun, but personally I'd suggest we tear them down, and let's start all over again.


Anonymous Michael said...

Thing is, no one has ever found an economic system that works. Each one runs for a number of years and then destroys itself. I do agree it is flawed though to see capitalism as the one true system. Just look at the economic fundamentalists who imposed capitalism on Argentina! It's now a mess and they've had to create laws to define at what point your rubbish becomes public property because of the number of people having to live out of bins.

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