Get on your Marx

At this writing I am sixty four years old and the immense bubble that has burst and is now deflating all around us has been inflating itself since I was a tiny child.
This bubble world is the world that I have always lived in and, unless you are considerably older than I am or live in an undeveloped country then, it is your world too.
When I was very young the "commie menace" hysteria began, and one of my earliest TV memories in suburban America, beside Howdy Doody, of course, was of the McCarthy hearings and the Korean war.
Karl Marx and all who sailed in him were taboo, trefa, haram. Compared to what Karl Marx was then, today's villain, Osama bin Laden, is Brad Pitt.
Then, later on in high school and especially in the atmosphere of 1960s college life, it was titillating to provoke teachers and parents, and especially the friends of parents, with snippets from Marx. During the Vietnam war it was a way of showing "attitude".
But truth to tell, the bubble world that we lived in was so different from the world Marx described that none of what he said made that much sense. In fact, looking back, I would say the whole point of our now fast disappearing bubble was that it was created so that Marx would not make any sense.
Until recently the original Karl has never spoken to me that directly. However, I have always found myself gravitating toward people like Marvin Harris or Eric Hobsbawm, formed in Marxist analysis: I love the way Harris explains why the Aztecs were cannibals and I love the way Hobsbawm writes history as a process, not as a series of biographies of "great" men. I could be considered a "contact" Marxist, like somebody who gets stoned off the stuffy air in places where other people are smoking quantities of hashish. But, "Das Kapital" itself was fairly impenetrable for me... As I said, I had trouble relating to its cold dissection of the 19th century English economy. My 19th century England is Dickens and Conan Doyle.
Now, as I try to balance the contradictory warnings of people who I think make sense, people like Nouriel Roubini, Paul Krugman, James Kunstler, Peter Schiff or Angela Merkel, all their takes on the crisis that I read are like the famous Indian parable of the blind men and the elephant: each of them is describing accurately what comes to their hand, but I get the feeling that none of them is describing the whole animal. Therefore I think that all of them are right and all of them are simultaneously wrong.
Thus, searching for some synthesis, I am beginning to discover Karl Marx in the same way that a traveling salesman who with a bad hangover in a flea bitten hotel, far from home in the middle of a bad night, in the middle of a bad week, might open a Gideon Bible and discover Jesus.
The first thing I think it is important to do is to separate Marx from Lenin. Lenin is action, he breaks and recreates: Lenin is to political action what Pablo Picasso was to painting. Marx for Lenin is only like a cookbook to a great cook: a starting point. What he was interested in was the chopping, the dicing and the frying... what ended up on the plate. Lenin is all "see snake, kill snake".
Marx for Marx is a bit different I think.
Although Marx said that understanding the world was only useful as a way of changing it, he was mostly about the understanding and understanding is what we need now.
As I fumble with the keys, Marx seems to me to say that capitalism is a historical process that will, as time goes on, become so contradictory as to destroy itself.
The old boy thought that the great day was not that far off and that it would happen in some highly advanced country like Germany. When Lenin made a revolution in primitive, illiterate Russia and called it Marxist, most Marxists, like most millenarians always do, swallowed their doubts and, like the "end of days" crowd, waited to ascend into heaven ... many were still waiting when the Soviet Union imploded.
In my opinion what Marx got wrong was the timing and what Lenin got wrong was the place. Capitalism wasn't ripe yet.
Perhaps, with the fulfillment of its potential that globalization represents we are actually going to live to witness the capitalist version of the Rapture.
The logic would be that the USA is the cutting edge, the vanguard of capitalism, and that unlike all other advanced capitalist nations, in America the economic system is not overlaid on a centuries old, traditional culture. In the United States of America the economic system is the culture itself. Eb-dee eb-dee eb-dee ebdee- That's ALL FOLKS!
If this is really a process with a beginning, a middle, and an end then it would be natural for the whole thing to start rotting where it has developed to its fullest.
So it stands to reason that if this system ever finally "enters into contradiction," that is to say, is torn apart by the conflicts of interests and the subsequent struggle between its different elements, then logically it will happen first and most clearly in the USA.
What would be an example of "entering into contradiction" a sign of this "End of Days"?
The "inflation versus deflation" polemic is that sort of contradiction: destroying the value of the currency in order to make possible consumption of foreign goods which must be paid for with the worthless money that we print and give to other countries that in turn have to lend it back to us without hope of payment in order to keep their own populations employed and doing all of this, not because we are stupid, but because any other alternative would be so painful and disruptive as to be unthinkable.
Getting into that sort of idiotic shit and not being able to get out of it could be called "entering into contradiction". The bubble has run out of road.
Anyway I'll keep on reading and trying to make reality and what I read fit together somehow.
http://seaton-newslinks.blogspot.com/
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Marx's hope is not going to happen. Money will exist, and aggregate.
There was a storm of unhealthy financial activities, invented money in excess of value, and a new sense of limits with the oil spike. The system has serious internal distress and needs some quiet bedtime, followed by saltine crackers and OJ, in sips. But the efforts of the world's population won't suddenly vanish, just the price tag will get yanked.
Money reflects something real, the value some people place in others' actions. It can run away to unreal disproportion, which is your bubble. It can deflate, seeming to be less valuable than it is. But there is that value underpinning all finance and economic transactions, and it persists even when the system is temporarily unable to find a handshake.
If there is an object or service people want, some will be wealthy to some extent. Having discovered the power of economic transactions, that activity will never stop as long as there are people. It continues during wars and epidemics, and during natural disasters. It will only change overt form, if at all.
Have you considered the possibility that you are a contact neo-con?
December 3, 2008 5:27 PM | Reply | Permalink
Ahoy! Another day, and Captain A-Hat still in pursuit of the Red, White and Blue whale! Glory be, he will harpoon the leviathan yet, and see its gore upon the decks!
December 3, 2008 5:42 PM | Reply | Permalink
Ah Tom, your faith is touching, you are truly the salt of the earth.
I think that perhaps the problem might be globalization. If the neat little world you describe could survive the defenestration of globalization then you could be right.
The Titanic sank because it was inadequately compartmentalized and by linking up everything and putting into practice "comparative advantage" we have created a Titanic for ourselves.
I think that America is destroying itself by trying to rule the world. How does that make me a neocon? I don't always agree with you, but you usually make sense.December 4, 2008 2:01 AM | Reply | Permalink
I wholly agree that the world's economies should be protected from each other more, in an equivalent to ship's compartments, since I've used that metaphor often, here. Not sure how socialism automatically implies the presence of tariffs.
And my faith is in the real, not the imagined. I don't describe a neat world, but a messy one where people always outwit rules, and the only question is whether that is most people or only a few criminals. I was saying that wealth will always exist, and must be regulated. Expecting it to go away is the fantasy.
As to contact neocon, get the joke, man. You were a contact socialist, like many neocons were socialists or communists in their youth. They kept their self-righteous superiority, thus my question.
December 4, 2008 8:39 AM | Reply | Permalink
I rec'd this because it's one of the first posts of yours, Mr. Seaton, that I could actually read the whole way through without getting all worked up as usual. I found it very interesting and well-written. So, um, thanks.
Now, don't get used to that....heh heh.
December 3, 2008 5:43 PM | Reply | Permalink
Ditto! :O)
December 4, 2008 12:50 PM | Reply | Permalink
DS, I have to admit that I read much of your post with interest - enjoyment, even - much to my surprise - but then came the inevitable concluding paragraphs.
What is alternately intriguing, stupefyingly boring and infuriating to me is how you manage to subvert your obvious intelligence and writing ability by bending, molding and forcing all the ideas, sources and philosophies you encounter into supporting one or another of 2 hackneyed and paranoid conclusions:
A. Obama = Fraud
B. USA = Doomed to Eternal Damnation
To your credit, you have given us at least a few days vacation from A. That leaves your current favorite, B. Don't you ever feel like poking your head up out of that mental gopher hole? You may be an old dog, but couldn't you please try some new tricks?
December 3, 2008 6:31 PM | Reply | Permalink
To me, an ex-pat should enjoy their current country/home and be concerned about their current country/home more than their old home. So I agree with you there. That being said, everyone everywhere deserves the right to free speech, no matter where they live.
Cool avatar/username, btw. I always loved putty.
December 3, 2008 7:04 PM | Reply | Permalink
Of course I am concerned about my host country as I will someday live on its euro based pension system.
However, lets be clear: the United States is all over the world meddling and trying to control, rule if you will. The USA is in everybody's face, everywhere. What happens in the USA is everybody's business everywhere because America has wanted it that way. So, from that point of view everyone who speaks and writes American English and is familiar with its cultural references has a duty to try to influence American opinion... If, like me they are also citizens of the USA, then it is not only a duty, it is a right.
December 4, 2008 2:57 AM | Reply | Permalink
Thanks, Lis - the name was a spur of the moment thing and I found the pic on Google Images. Works for me.
Your avatar picture has a calm and welcoming quality. Looks like one of those old hand-tinted photos. Quite a change from your old pic with the freaky color-changing hair (which was very cool, too!).
December 4, 2008 2:50 PM | Reply | Permalink
Also, it isn't just the USA that is in trouble. If you follow Kunstler, Roubini, etc. the source of the problem is energy depletion, and the impending lack of cheap energy, which is certainly hurting the developing countries as much as the industrial countries. Europe is not as suburban and spread out as the US, so they depend somewhat less on gasoline & diesel, but they are very much in the thrall of Gazprom for natural gas, and are also facing financial crises.
December 3, 2008 10:02 PM | Reply | Permalink
December 4, 2008 2:10 AM | Reply | Permalink
And what does your country of choice have these days? Girls in mini skirts and white go-go boots? Eventually your monetary system will fail if ours does, no?
Unless, of course, you're rich enough to be in Ibeza.....and if that's the case, I want a room in your attic when all is said and done.
December 4, 2008 2:41 AM | Reply | Permalink
Everyone forget Engels.
December 3, 2008 10:05 PM | Reply | Permalink
forgets
December 3, 2008 10:06 PM | Reply | Permalink
forgotten
December 3, 2008 10:19 PM | Reply | Permalink
With Marx and Engels it is like the Coen brothers, it is hard to know exactly who does what.
December 4, 2008 2:13 AM | Reply | Permalink
Doesn't one of them wear heels?
December 4, 2008 2:39 AM | Reply | Permalink
Gideon checked out, and he left it no doubt
to help with good David's revival.
December 3, 2008 11:07 PM | Reply | Permalink
anyone else think david made k. marx look like that snow monster in that stop-action animation of rudolph? the one with the berle ives, banjo playing snowman? and the young elf who wants to be a dentist? island of misfit toys? you know the one. the red-headed prospector named cornelius?
just to be clear, i'm not referring to the ice monster who learns to walk in the stop-action animation which features a young, red-headed kris kringle and the burger meister meister burger. that monster looks nothing like k. marx. just to be clear. if i was hard pressed to match that monster up with an historical figure i'd have to go with an older andrew jackson. but only by default, really.
December 4, 2008 2:08 AM | Reply | Permalink
Gee Kyle, I'm glad you cleared that up.
December 4, 2008 2:14 AM | Reply | Permalink
Santa Claus Is Coming To Town
December 4, 2008 2:49 AM | Reply | Permalink
Although, truth be told, I actually saw a hint of Tim Curry when I first opened this post today and saw that smile.
I almost wanted to bring rice and toast and wear a corset before entering this post.
But then, I saw Rocky Horror like 35 times, so...maybe it's just me.
December 4, 2008 2:51 AM | Reply | Permalink
It appears David, that your thoughtful consideration of what might prove to be the fatal contradictions of capitalism is far too scary for the 100% American crowd assembled here to heckle you. They actually believe all that ideological nonsense about capital and markets that is the orthodox dogma of US economic thinking. Whatever real substance that might have been there previously is now nearly irrelevant but it is going to take quite a while for most of these folks to actually figure this out. The nonidealogical adults in the room, on the other hand, might think you're on to something.
I don't think there's any doubt that we are, at minimum, living through the greatest failure of capitalism in our lifetimes and certainly the greatest since the crash of 29 and subsequent depression. The lessons of that former era were either forgotten, disbelieved, or abandoned to a great degree since about 1980 and led directly to our current catastrophic situation.
The basic lesson of the great depression is simply that capitalism just cannot control or regulate itself. Government must regulate the impulse of the businessmen/women to succumb to unrestrained greed and thus wreck our economic ship. That's precisely what we've seen happen here in America. Of course, it gets a whole lot more complicated because so many other nations foolishly adopted our way of doing business and bought into all the phony baloney Wall Street was selling worldwide. Now, instead of just the US economy being sick, the entire world economy has also fallen seriously ill.
Personally, I think the big contradiction that is likely to bring the whole system forever to it's knees is the countervailing forces of greed among various wealthy and powerful interests who do not recognize that if they don't cooperate now we may lose the system entirely. Sadly for them, their uncontrollable greed will not allow them to recognize this reality and they will go on jockeying for position and advantage while literally cutting their own economic throats. The thing is, the US population is so cowed and tame that even if the entire system comes crashing down, the people will not even think of a fundamental restructuring of the economy. They will only pine away for the old days without realizing that even now, as I write this, the old days are gone and will never return.
December 4, 2008 2:34 AM | Reply | Permalink
Jesus....talk about Depression....
December 4, 2008 2:45 AM | Reply | Permalink
the old days? what old days? who's old days? your old days or mine? their old days? our old days? c'mon.
December 4, 2008 3:14 AM | Reply | Permalink
there are no old days, just these days. welcome to human life on earth. what is happening is what has always happened and what will continue as long as we fail to share our limited resources: 1--there shall be those with more than they need and those with less. 2--shares will shift with regularity as a result of force, cunning, chance, smarts, guts and will among others.
the titanic is an interesting analogy. on those occasions when the iceburg is hit and the ship goes under refer to 2 above to obtain your space in a life boat. keep in mind that the richest man alive at the time went down with the ship.
December 4, 2008 3:38 AM | Reply | Permalink
Kyle, there are perils awaiting an Irishman in the small hours of the night, well I know them, as I am enough of a Celt to understand much of what you say. Others here may not be so fortunate.
December 4, 2008 5:36 AM | Reply | Permalink
Smugly superior much, oleeb?
December 4, 2008 9:27 AM | Reply | Permalink
I probably am missing the boat here but I was raised by two hopeless drunks. We were taught that what happens in vegas stays in vegas. The worst government on earth was run by Chinese communists. Because they taught the children to inform on their parents to the authorities. The thought still makes me laugh.
The NRA won the gun battle. That geni is out of the bottle and the best you can do is attempt regulation. Although sometimes I think liberals should start arming themselves and attack the NRA headquarters with their own weapons.
Globalization is the geni that is out of the bottle.
I press the wrong button on my Yahoo mail and half an hour later I get a call from India rerouted through New Jersey.
There is not a corporation that is not subsidized in some manner by the government. Not in this country, not in Europe and not in Asia.
We are a socialist nation and the issue is whether elections matter and whether income disparity can somehow be evened out. Can the children of 90% of American households be put on a more equal footing with the other 10%.
Can shareholders get access to courts and put a lid on management's ability to pay its upper tier large percentages of corporate gross?
Should someone who works 40 hours a week as a cashier in a grocery store really suffer so much because a system does not recognize his or her worth?
Can somebody who took down half a billion dollars in salary and benefits be said to have EARNED that money?
It takes leadership.
And it takes propaganda.
The dark side has won the leadership role and the propaganda wars.
It is so bad, and things so unfair that any change for the better will seem like a revolution.
December 4, 2008 8:27 AM | Reply | Permalink