HOW WAS WEALTH “DISTRIBUTED” IN THE FIRST PLACE? ECO-DAMAGE + POVERTY = GLOBAL BANK. IT’S A DEBT COME DUE. TOTAL GLOBAL REPARATION.
The "Conceptual Emergency"
affects us all at both local and global levels. It's nearly impossible for any one of us to wrap our head around the complexity of the situation. It's hard for us to imagine the delicacy of the balances that comprise the biosphere or the billions of years it took for those living balances to evolve. It's a huge mental stretch to think of the speed and momentum of the global industrial machine, or to imagine how to slow that momentum or change its direction.
Imagine this.
It will take a global consensus on the gravity of the crisis. And it will take a global vision of the economic imbalances that are both the cause and the product of the catastrophe. And then it will take a dynamic global information network (I think that one is pretty much in place) and a global, participatory, informed democracy to outline and then implement the essential, inevitable " .. revolutionary change in the distribution of economic power." Those words were spoken in 1968, by Martin Luther King, a week before he was murdered.
THE RECKONING ...
... will come when somebody does the "global math." Please prove me wrong. I'll wrap it up and go away. It is possible to calculate the total accumulated wealth in the world: the value of property held, the quantity of cash invested in various stocks, bonds, derivatives and default swaps. The money sitting in bank accounts. The money and other value lost in crime, waste, war and a grossly inflated fake economy. It will be in the thousands of trillions of dollars. This figure represents one side of an equation.
Then add this up.
Start with the long term total cost of the Gulf Spill. Add the costs of cleaning up the thousands of other "superfund" type sites that global corporations have left in the wake of their mindless greed. Calculate the other hidden, deferred and "externalized" toxic costs of oil wells, coal mines, "fracked" gas wells and tar sands projects. Add in the hidden costs in the industrial food system: deforestation and greenhouse gasses from factory farming, chemical fertilizers and pesticides, plastic waste, the overuse of hormones and antibiotics.
Now calculate and add in the costs of global poverty: the legacy of slavery, the damage to the health and lives of human beings, and the cost of the loss of their creativity. Include the costs in human suffering of inadequate water, shelter, food, education and health care experienced by a quarter of the global population, plus the costs of "normal" poverty in the developed and developing countries. This figure represents the cost of the poverty created by centuries of crimes, by the abusive powerful, on the weak and the poor.
Now contrast and compare. On one side the total wealth of the world. On the other the costs in human suffering and environmental destruction.
A zero sum theory assumes and predicts ...
that the two sides of the equation are nearly equal. Within some variables, margins of error, adjusted cash value, interest, the estimated value of ecosystems destroyed; the total accumulated wealth of the world will be shown to be roughly equal to the total devastation, to humans and the planet.
Price v. Cost
The economy has been rigged ...
in different ways at different times. Partly with willful, greedy intent, partly by accident and coincidence, partly through "unconscious conspiracies" and partly by a kind of structural evolution. One way is in the difference between the cash price of any man-made thing, and the hidden, deferred and "externalized" costs, of its manufacture, use and disposal. For example, the environmental cost of the typical American $4. hamburger is over $100. The actual environmental cost of a $3. gallon of gasoline is something upwards of $20. Per gallon. The environmental cost of "free" plastic bags, packaging and "disposable" pens for example is probably high enough to force them off the low-price but high-cost market.
The reverse trend is already happening.
Europe has started a more radical re-regulating of its financial industry. The U.S. congress has raised the cap on oil company liability. A whole host of environmental initiatives are going to be funded by carbon taxes, fines on toxic corporate practices, and by progressively higher taxes on big incomes, huge inheritances, held wealth, toxic investments (both economically and ecologically toxic), and on a completely different corporate tax structure, which will eliminate tax evasion, off-shore havens and accounting fraud.
Investment in the green economy will be heavily incentivized and investment in, and profit from, toxic industries will be regulated out of existence.
When global trade is re-regulated on principles of human rights, real efficiency, sustainable agriculture and "cradle to cradle" design, a different world will suddenly just happen. What was unimagined and believed impossible will emerge as a natural outcome of a new intelligence, a global culture rising to the next level of civilization.
When the completely unnecessary costs of war, crime and waste are calculated and then eliminated, the real economy will suddenly begin to flourish in an unprecedented manner. When deceptive and manipulative advertising and self-censorship in the commercial media is ended, democracy and the knowledge to run it will redefine the future. When the rigging is dismantled, the back room emptied, the waste controlled and the illusions of the fake economy exploded, the real economy will present an entirely different set of options, careers, investments, industries, the cost of living and the quality of life.
There's another "zero-sum" equation, a different way of understanding the balance. The hundreds of trillions of monies held in secret Swiss banks, the fortunes gambled in global market casino, and the cash extracted from the financial "services" balloon, represents exactly the investment needed to turn the world's economy around. But that turn-around will not happen voluntarily, because it is protected by the power of wealth over democracy, the fear, among the ruling class of the loss of either real or symbolic power.
Neither the informed individual mind nor the representative government seems capable of a realistic mental picture of how we got here, how bad the reality is or what are the first steps back from the brink.
The global financial system, most of which falls into line with the U.S. model, cannot survive. It will collapse under the false premises and obsolete mindsets that define this unprecedented tipping point. The system has been rigged for at least 150 years to suck the life out of the planet and cheap labor out of humanity, and to convert them to waste and profit (zero sum), as fast as possible.
Look at how the financial crisis revealed the fact. The profits from wild speculation are privatized, banked, hidden and protected, but the risks, of fraud, deceit and collapse of the ballon are "socialized," borne by the taxpayers.
It is only a pathological greed, the active face of an unconscious fear, that needs that wealth as a sign of symbolic power. It's purpose is not to reinvest or create anything new or of value, but only to multiply its own abstract numbers, for the unconscious need for an illusion of superiority.
Yes, the wealth of the world WAS created through invention, initiative, the entrepreneurial spirit, efficiency and competition. But it has also required the exploitation of slave labor and cheap labor, access to cheap and stolen resources, waste, war, and the belief the earth is a bottomless toilet, landfill and dumpsite.
Much as we promote the ideal of democracy, kept on track by an open information system and an informed public, we can't quite picture that any people or government can define the problem, agree on the definition, imagine a solution, or begin to act within a decade. While the devastation hits a new high every couple of months.
The "zero sum" equations listed above - eco-damage + poverty + global bank; profit = waste; held wealth = investment needed - must be seen as a debt come due. Copenhagen and activists in the global south have started to use the term "climate debt." "Global commons" and "environmental justice" have entered the lexicon.
The Reckoning is three things:
a realization of the severity of the crisis, a coming to terms with the causes and the essential remedies, and settling of accounts. The settling of accounts will be based on the "zero sum." I call it Total Global Reparation.
The only issue to be determined,
by democratic choice or by necessity, is how that wealth will be quickly reinvested: by the obvious dictate of shared human pragmatism and the image of an egalitarian civilization, by reframing the obligations and responsibilities inherent in held wealth, by persuasion, by choice, by regulation, by decree or by class war and revolution. Better to start with a quantum jump in mental perspective and keep the whole thing civilized.