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Climate chaos has gone to new extremes this summer, with Pakistan drowning in unprecedented floods due to the melting of the snow capped Himalayas, Russia cooking at 110 degrees, and an iceberg four times the size of Manhattan breaking off the top of northern Greenland. See Democracy Now!’s coverage of these climate catastrophes.

Unprecedented floods in Pakistan have killed thousands and displaced over 1 million. These catastrophes will become more common as global warming worsens.

Why hasn’t the U.S. Congress done anything to stop global warming? The answer is capitalism. As the new website DirtyEnergyMoney.com documents, the oil and coal industries have spent over $100 million in the past decade to buy congressmen and stop legislation that threatens their profit margins. The environmental movement therefore faces a crossroads: continue to compromise and waste time talking to corrupt Senators, or go out to the streets and organize people for more radical solutions.  Bill McKibben, one of the most respected voices in environmentalism, says: time for Plan B. [alex]

We’re Hot as Hell and We’re Not Going to Take It Any More
Three Steps to Establish a Politics of Global Warming

By Bill McKibben
August 4, 2010
TomDispatch

Try to fit these facts together:

According to the National Oceanic and Atmospheric Administration, the planet has just come through the warmest decade, the warmest 12 months, the warmest six months, and the warmest April, May, and June on record.

* A “staggering” new study from Canadian researchers has shown that warmer seawater has reduced phytoplankton, the base of the marine food chain, by 40% since 1950.

Nine nations have so far set their all-time temperature records in 2010, including Russia (111 degrees), Niger (118), Sudan (121), Saudi Arabia and Iraq (126 apiece), and Pakistan, which also set the new all-time Asia record in May: a hair under 130 degrees. I can turn my oven to 130 degrees.

* And then, in late July, the U.S. Senate decided to do exactly nothing about climate change. They didn’t do less than they could have — they did nothing, preserving a perfect two-decade bipartisan record of no action. Senate majority leader Harry Reid decided not even to schedule a vote on legislation that would have capped carbon emissions.

I wrote the first book for a general audience on global warming back in 1989, and I’ve spent the subsequent 21 years working on the issue. I’m a mild-mannered guy, a Methodist Sunday School teacher. Not quick to anger. So what I want to say is: this is fucked up. The time has come to get mad, and then to get busy.

For many years, the lobbying fight for climate legislation on Capitol Hill has been led by a collection of the most corporate and moderate environmental groups, outfits like the Environmental Defense Fund. We owe them a great debt, and not just for their hard work. We owe them a debt because they did everything the way you’re supposed to: they wore nice clothes, lobbied tirelessly, and compromised at every turn.

By the time they were done, they had a bill that only capped carbon emissions from electric utilities (not factories or cars) and was so laden with gifts for industry that if you listened closely you could actually hear the oinking. They bent over backwards like Soviet gymnasts.  Senator John Kerry, the legislator they worked most closely with, issued this rallying cry as the final negotiations began: “We believe we have compromised significantly, and we’re prepared to compromise further.”

And even that was not enough. They were left out to dry by everyone — not just Reid, not just the Republicans. Even President Obama wouldn’t lend a hand, investing not a penny of his political capital in the fight.

The result: total defeat, no moral victories.

Now What?

So now we know what we didn’t before: making nice doesn’t work. It was worth a try, and I’m completely serious when I say I’m grateful they made the effort, but it didn’t even come close to working. So we better try something else. Read the rest of this entry »

hey all,

check out this podcast of me being interviewed by Todd Curl.  I’m excited to have my views recorded on audio for the first time.  in this extensive 2-hour interview, I discuss:

  • my hometown of Ambler, PA and its history with asbestos
  • my life story of becoming politically aware and active
  • peak oil and its interpretations
  • the end of capitalism theory
  • the nature of capitalism and enclosure
  • resistance in China, Arizona, and around the world
  • how radicals can use language to speak to everyday people
  • healing from abuse and empowering ourselves to live better lives

here it is (click to play audio): Alex Knight Podcast

[alex]

Is Capitalism Approaching the Darkness of Knight?

Todd Curl

The Pigeon Post, August 2, 2010

Here is the interview I did with Alex Knight on Friday, July 30, 2010 at Alex’s home in Philadelphia:

Alex Knight Podcast

At just 27 years old, Alex is already an accomplished writer and a full time activist for social justice. His site, The End of Capitalism, explores the theory of the unsustainable nature of a profit-driven global system that continues to exploit all of the earth’s resources for the sake of greed and power.

Having grown up in Ambler, Pennsylvania — the ‘Asbestos Capital of the World’ — Alex saw first hand the devastation of his home town through the greed of Keasbey and Mattison Corporation who continued to manufacture Asbestos through the 1970s despite the evidence that had existed for years that Asbestos causes Mesothelioma, a serious form of Lung Cancer.

Seeing the sickness of his community first hand eventually built the foundation for Alex’s future environmental and social activism. While at Lehigh University studying Electrical Engineering, Alex became more intellectually aware of the systemic patterns of exploitation and human/environmental devastation brought on by a long history of a Capitalist system concerned only with profit. Alex went on to get his Master’s in Political Science from Lehigh and now is a full-time activist in the Philadelphia area fighting for real and meaningful progressive change.

As Alex will tell you, there is nothing extraordinary about him. Being the quintessential “All American Boy” — he was born on the 4th of July — Alex discovered that real social change is ameliorated when we decide to join forces and fight the powers that are determined to keep us placated and in a constant state of fear so we will not question our own imprisonment of thought and continue to consume without thought or premeditation. For Alex, grassroots organizing and activism is the key to a sustainable future and when we define ourselves as left, right, Marxist, Anarchist, etc.. we just perpetuate petty semantic divides. Alex is proud to call himself “Progressive” as he is a tireless fighter for justice.

Republished by Energy Bulletin, Countercurrents and OpEdNews.

The following exchange between Michael Carriere and Alex Knight occurred via email, July 2010. Alex Knight was questioned about the End of Capitalism Theory, which states that the global capitalist system is breaking down due to ecological and social limits to growth and that a paradigm shift toward a non-capitalist future is underway.

This is the final part of a four-part interview. Scroll to the bottom for links to the other sections.

Part 3. Life After Capitalism

MC: Moving forward, how would you ideally envision a post-capitalist world? And if capitalism manages to survive (as it has in the past), is there still room for real change?

AK: First let me repeat that even if my theory is right that capitalism is breaking down, it doesn’t suggest that we’ll automatically find ourselves living in a utopia soon. This crisis is an opportunity for us progressives but it is also an opportunity for right-wing forces. If the right seizes the initiative, I fear they could give rise to neo-fascism – a system in which freedoms are enclosed and violated for the purpose of restoring a mythical idea of national glory.

I think this threat is especially credible here in the United States, where in recent years we’ve seen the USA PATRIOT Act, the Supreme Court’s decision that corporations are “persons,” and the stripping of constitutional rights from those labeled “terrorists,” “enemy combatants”, as well as “illegals.” Arizona’s attempt to institute a racial profiling law and turn every police officer into an immigration official may be the face of fascism in America today. Angry whites joining together with the repressive forces of the state to terrorize a marginalized community, Latino immigrants. While we have a black president now, white supremacist sentiment remains widespread in this country, and doesn’t appear to be going away anytime soon. So as we struggle for a better world we may also have to contend with increasing authoritarianism.

I should also state up front that I have no interest in “writing recipes for the cooks of the future.” I can’t prescribe the ideal post-capitalist world and I wouldn’t try. People will create solutions to the crises they face according to what makes most sense in their circumstances. In fact they’re already doing this. Yet, I would like to see your question addressed towards the public at large, and discussed in schools, workplaces, and communities. If we have an open conversation about what a better world would look like, this is where the best solutions will come from. Plus, the practice of imagination will give people a stronger investment in wanting the future to turn out better. So I’ll put forward some of my ideas for life beyond capitalism, in the hope that it spurs others to articulate their visions and initiate conversation on the world we want.

My personal vision has been shaped by my outrage over the two fundamental crises that capitalism has perpetrated: the ecological crisis and the social crisis. I see capitalism as a system of abuse. The system grows by exploiting people and the planet as means to extract profit, and by refusing to be responsible for the ecological and social trauma caused by its abuse. Therefore I believe any real solutions to our problems must be aligned to both ecological justice and social justice. If we privilege one over the other, we will only cause more harm. The planet must be healed, and our communities must be healed as well. I would propose these two goals as a starting point to the discussion.

How do we heal? What does healing look like? Let me expand from there.

Five Guideposts to a New World

I mentioned in response to the first question that I view freedom, democracy, justice, sustainability and love as guideposts that point towards a new world. This follows from what I call a common sense radical approach, because it is not about pulling vision for the future from some ideological playbook or dogma, but from lived experience. Rather than taking pre-formed ideas and trying to make reality fit that conceptual blueprint, ideas should spring from what makes sense on the ground. The five guideposts come from our common values. It doesn’t take an expert to understand them or put them into practice.

In the first section I described how freedom at its core is about self-determination. I said that defined this way it presents a radical challenge to capitalist society because it highlights the lack of power we have under capitalism. We do not have self-determination, and we cannot as long as huge corporations and corrupt politicians control our destinies.

I’ll add that access to land is fundamental to a meaningful definition of freedom. The group Take Back the Land has highlighted this through their work to move homeless and foreclosed families directly into vacant homes in Miami. Everyone needs access to land for the basic security of housing, but also for the ability to feed themselves. Without “food sovereignty,” or the power to provide for one’s own family, community or nation with healthy, culturally and ecologically appropriate food, freedom cannot exist. The best way to ensure that communities have food sovereignty is to ensure they have access to land.

Ella Baker championed the idea of participatory democracy

Similarly, a deeper interpretation of democracy would emphasize participation by an individual or community in the decisions that affect them. For this definition I follow in the footsteps of Ella Baker, the mighty civil rights organizer who championed the idea of participatory democracy. With a lifelong focus on empowering ordinary people to solve their own problems, Ella Baker is known for saying “Strong people don’t need strong leaders.” This was the philosophy of the black students who sat-in at lunch counters in the South to win their right to public accommodations. They didn’t wait for the law to change, or for adults to tell them to do it. The students recognized that society was wrong, and practiced non-violent civil disobedience [video], becoming empowered by their actions. Then with Ms. Baker’s support they formed the Student Non-violent Coordinating Committee (SNCC) and organized poor blacks in Mississippi to demand their right to vote, passing on the torch of empowerment.

We need to be empowered to manage our own affairs on a large scale. In a participatory democracy, “we, the people” would run the show, not representatives who depend on corporate funding to get elected. “By the people, for the people, of the people” are great words. What if we actually put those words into action in the government, the economy, the media, and all the institutions that affect our lives? Institutions should obey the will of the people, rather than the people obeying the will of institutions. It can happen, but only through organization and active participation of the people as a whole. We must empower ourselves, not wait for someone else to do it. Read the rest of this entry »

Republished by Energy Bulletin, The Todd Blog, OpEdNews, Countercurrents, and translated into Turkish for Hafif.org.

The following exchange between Michael Carriere and Alex Knight occurred via email, July 2010. Alex Knight was questioned about the End of Capitalism Theory, which states that the global capitalist system is breaking down due to ecological and social limits to growth and that a paradigm shift toward a non-capitalist future is underway.

This is the second part of a four-part interview. Scroll to the bottom for links to the other sections.

Part 2A. Capitalism and Ecological Limits

MC: Capitalism has faced many moments of crisis over time. Is there something different about the present crisis? What makes the end of capitalism a possibility now?

AK: This is such an important question, and it’s vital to think and talk about the crisis in this way, with a view toward history. It’s not immediately obvious why this crisis began and why, two years later, it’s not getting better. Making sense of this is challenging. Especially since knowledge of economics has become so enclosed within academic and professional channels where it’s off-limits to the majority of the population. Even progressive intellectuals, who aim to translate and explain the crisis to regular folks, too often fall into the trap of accepting elite explanations as the starting point and then injecting their politics around the edges. This is why there is such an abundance of essays and videos analyzing “credit default swaps”, “collateralized debt obligations,” etc., as if this crisis is about nothing more than greedy speculators overstepping their bounds.

On the contrary, the End of Capitalism Theory insists there are deeper explanations for why this crisis is so severe, widespread, and long-lasting. Here’s one explanation: The devastating quaking of the financial markets, and the lingering aftershocks we’re experiencing in layoffs and cut-backs, are manifestations of much larger tectonic shifts under the surface of the economy. This turmoil originates from deep instabilities within capitalism, the global economic system that dominates our planet. The dramatic crisis we are experiencing now is resulting from a massive underground collision between capitalism’s relentless need for growth on one side, and the world’s limited capacity to sustain that growth on the other.

These limits to growth, like the continental plates, are enormous, permanent qualities of the Earth – they cannot be ignored or simply moved out of the way. The limits to growth are both ecological, such as shortages of resources, and social, such as growing movements for change around the globe. As capitalism rams into these limiting forces, numerous crises (economic, energy, climate, food, water, political, etc.) erupt, and destruction sweeps through society. This collision between capitalism and its limits will continue until capitalism itself collapses and is replaced by other ways of living.

Tectonic Plates Colliding - Capitalism is Ramming into the Limits to Growth, Causing Massive Shocks on the Surface of the Economy

The End of Capitalism Theory argues that capitalism will not be able to overcome these limits to growth, and therefore it is only a matter of time before we are living in a non-capitalist world. A paradigm shift towards a new society is underway. There’s a chance this new future could be even worse, but I hold tremendous hope in the capacity of human beings to invent a better life for themselves when given the chance. Part of my hope springs from the understanding that capitalism has caused terrible havoc all over the world through the violence it perpetrates against humanity and Mother Earth. The end of capitalism need not be a disaster. It can be a triumph. Or, perhaps, a sigh of relief.

Defining the Crisis

Rather than spend our time learning the language of Wall St. and trying to understand the economic crisis from the perspective of the bankers and capitalists, I think we can get much further if we take our own point of reference and then investigate below the surface to try to find the true origins of the crisis. This is what I call a common sense radical approach. Start from where we are, who we are, and what we know, because you don’t need to be an academic to understand the economy – you just need common sense. Then try to get to the root of the issue (radical coming from the Latin word for “root”). What is really going on under the surface? What is the core of the problem? If we can’t come up with a common sense radical explanation of the crisis, we’ll always be stuck within someone else’s dogma. This could be Wall St. dogma, Marxist dogma, Christian dogma, etc. So what is this crisis really about? Read the rest of this entry »

The tar sands are an abomination. In a desperate move to counteract peak oil, Canada and the United States are waging war on Alberta’s ecosystem and indigenous communities, as well as on the planet as a whole.  This crime must be stopped.

Clayton Thomas-Muller also recently spoke on Democracy Now!, see the video. [alex]

greenpeace.org

Tar Sands: The World’s Largest Climate Crime
By Clayton Thomas-Muller

Published originally in Left Turn Magazine, Jan/Feb 2010

Often when one looks at the global climate crisis and the critical necessity of forests as carbon storehouses, we have visions of the Amazon rainforest in South America, or the vast rainforest cover in places like Malaysia, Indonesia, across south East Asia and Africa. What many don’t envision is the second largest carbon storehouse on Mother Earth located in Canada’s northern region known as the Boreal Forest.

This soggy, wet, biologically diverse region spreads across the continent east to west. It is home to hundreds of First Nations/Indigenous communities that have utilized these ecologically diverse regions for their livelihood from time immemorial. Many also do not know that the Boreal Forest is second only to the Amazon region in terms of daily forest loss due to industrial expansion. This tree loss is further exacerbated by an infestation of the spruce pine beetle, brought on by milder winters in the north, which has been destroying millions of hectares of trees from southeast Alaska all the way to western Alberta.

Also found beneath the pine-covered ground are vast stores of minerals and fossil fuel deposits, the most famous of which is known as Canada’s Athabasca Tar Sands in Northern Alberta. Second only to Saudi Arabia in terms of recoverable oil reserves, Canada’s tar sands have an estimated 177 billion barrels of recoverable oil. The main difference between these two sources is the fact that the tar sands in Canada are not a conventional form of oil; they are a tarry clay and sand like mixture that at room temperature is hard as a hockey puck.

To remove this oil, one of two methods must be used. The first is surface mining, where industry removes the top layer of muskeg, trees, clay and sand as well as lakes, streams and even rivers to depths of up to 300 feet. They then use the world’s largest steam shovels, earth movers and dump trucks (300 tons per load) to strip mine out the mix that is then hauled off to industrial upgrader facilities and processed into synthetic oil. In the end it works out to around 5 tons of earth for every barrel of oil. Every day they move enough earth to fill the famous home of the Toronto Blue Jays, the Rogers Sky Dome.

ran.org

If the deposits are more than a depth of 300 feet, producers must use a deep well injection process called “In Situ” or Steam Assisted Gravity Drainage (SAG-D). This process is six times more carbon and water intensive then conventional oil extraction. The industry must also utilize vast amounts of natural gas to superheat fresh water to be injected into Mother Earth to “melt” the bitumen that then is sucked out of the ground with uptake pipes for upgrading.

Thanks to the 600 million cubic feet of natural gas is burned every day for this type of extraction, the tar sands is the single largest source of carbon dioxide emissions in Canada, and the primary reason Canada is not fulfilling its legally binding emission reduction targets under the Kyoto Protocol. By 2030 at the current rate of expansion, the tar sands will be responsible for an emission level between 100-187 million tons of CO2 every year.

Probably most disturbing part of this extraction process are the runoff streams created by the use of water in the separation process. Once water is no longer usable it is dumped into a vast network of ten tailings ponds that can be seen from outer space. Every day these tailings ponds leak eleven million liters of contaminated water into the Athabasca River and ground water in the surrounding area. By the year 2030 if the tar sands continue to grow at the current rate of expansion these tailings ponds volume combined will represent a body of water as large as Lake Ontario.

Frontline Nightmares

As a result of this “Tarmageddon,” many local Indigenous communities have seen an increase in the presence of deadly forms of cancers and other autoimmune diseases in their populations. Many have observed the negative effects on critical traditional food sources such as the fish, moose, muskrat, beaver and plants that they depend on for sustenance and cultural needs. Moose have been found to have levels of arsenic 400 times the acceptable level as well as sores and tumors. Muskrat have been found with bloody noses and their homes smelling of petroleum. Fish with lesions and deformities are a common thing for fisherman in the region. The effect this has on First Nations/Indigenous communities is amplified when considering our fundamental connection to the sacredness of Mother Earth expressed through our reliance on traditional hunting, fishing and gathering practices. Read the rest of this entry »

Yesterday CNN broke the story that BP is dumping toxic dispersant Corexit 9500 into the Gulf in order to sink the oil under the surface, hiding the true size of the spill and therefore reducing their financial liability.  In other words, instead of cleaning up the horrible mess they’ve made, BP has decided to try to hide the disaster as much as possible so they won’t need to pay for it.

Such outrageous corporate irresponsibility perfectly illustrates of how capitalism’s obsession with profits necessarily leads to ecological and social trauma. BP is forced by the stock market to concentrate all their efforts on increasing their bottom line and limiting losses, even if it means driving more oil underwater and away from the cleanup crews.

We need to move to a world where marine life, biodiversity, as well as human health and well-being are valued as more important than a corporation’s profit margin. It fills me with great anger and frustration for every daily tragedy that we have to suffer at the hands of this monstrous system. Even the slightest amount of rationality or simple human empathy would prevent these kinds of machine-brained crimes against the Earth if they were allowed to intervene.

Here’s the transcript, via Crooks and Liars, which also has the video. [alex]

Anderson Cooper talked to Fred McCallister, an investment banker with Allegiance Capital Corporation, who is going to be testifying before the Senate Commerce, Science and Transportation Committee today about something that’s appeared painfully obvious to me for some time now, that BP is using dispersants to hide the size of the oil spill in the hopes if limiting their liability. My only question is why has the government allowed them to do it?

ANDERSON COOPER: Fred McCallister joins us now.

Fred, why do you think that BP would prefer to use dispersants over skimmers?

FRED MCCALLISTER, VICE PRESIDENT, ALLEGIANCE CAPITAL CORPORATION: Anderson, thank you for having me on tonight.

The issue that BP is facing right now is whether to use what’s practices that are normal around the world, which is to try to cause the oil to come to the surface, and then deploy the right amount of equipment and the right type of equipment to gather that oil up and get it out of the Gulf.

Using the dispersants allows the oil to stay under the surface, and this accomplishes several purposes. It allows the — it makes it a lot more difficult to quantify the amount of oil that’s coming out, which has a direct impact on damages and royalties that have to be paid.

It keeps it out of sight and out of mind. And it allows BP to amortize the cost of the cleanup over several years, 10 to 15 years, because some of this oil is going to biodegrade, but a lot of that oil is going to roll up on the beaches for 10 or 15 years.

And if they can amortize that over 10 or 15 years,as opposed to dealing with that over the next 15 months, that’s a much better financial position for BP to be in. Read the rest of this entry »

Also published on The Rag Blog.

BP Oil Disaster in the Gulf - Energy Department Photo. retrieved from http://www.flickr.com/photos/leonarddoyle/4583740105/in/set-72157624005298860/

Just two weeks after the Massey Energy coal explosion on April 5 that killed 29 miners in West Virginia, the BP oil rig Deepwater Horizon exploded in the Gulf of Mexico, killing 11 more workers. These back-to-back tragedies have brought attention to the fossil fuel industry’s terrible safety record – in both cases there were known safety violations on site, but the government did nothing to prevent disaster from occurring. See the interview below which explains how the federal government approved this BP rig and many more without conducting the environmental review they are legally obligated to.

Unlike the industry executives attempting to shift blame and avoid responsibility, we must look beneath the surface to discover the deeper meaning of these horrible crises.

Is the universe giving us a warning that fossil fuels are going to destroy us? Because if global climate change continues at the rate it has, in the not-too-distant future we will see many thousands, or even millions more deaths as crops dry up, floods destroy coastal wetlands, and diseases migrate to temperate regions. This is no joke. Families and communities are being destroyed so coal and oil corporations can boost their profit margins.

We need to be open to hearing the lessons that are all around us, especially  from those who have been silenced and beaten down by capitalism.

Immediately after the Massey explosion and the BP explosion, was Earth Day – April 22. And on this date, indigenous and poor people from around the globe were meeting in Cochabamba, Bolivia for the World People’s Conference on Climate Change, a grassroots response to the corporate fraud that was the Copenhagen Summit. Bolivian President Evo Morales, who was proclaimed “World Hero of Mother Earth” by the United Nations General Assembly in October, hosted the conference, proclaiming “The capitalist system looks to obtain the maximum possible gain, promoting unlimited growth on a finite planet. Capitalism is the source of asymmetries and imbalance in the world.”

30,000 people from 140 countries convened and approved the “Cochabamba Protocol”, which calls for an International Climate Justice tribunal to prosecute climate criminals, and condemns REDDs which put a price on wild forests and encourage development, along with carbon market schemes. The protocal proposes a Universal Declaration of Mother Earth and demands that industrialized polluting nations cut carbon emissions by 50 percent as part of a new, binding climate agreement.

Global momentum is building towards confronting capitalism in terms of the ecological devastation it is causing. Here in the United States, Rising Tide North America is calling for a “Day of Action, Night of Mourning” this Friday, May 14 to call for BP to pay for all cleanup and long-term ecological effects of their spill, for the abolition of offshore oil drilling, and for “a rapid and just transition away from fossil fuels.”

[alex]

Government Exempted BP from Environmental Review

Video/interview published by Democracy Now!

May 7, 2010

JUAN GONZALEZ: Well now to the Gulf of Mexico where the enormous oil slick in the Gulf continues to expand. Interior Secretary Ken Salazar has ordered a 3-week halt to all new offshore drilling permits. Emphasizing that the companies involved had made “major mistakes,” Salazar spoke to reporters Thursday outside BP’s Houston crisis center. He noted that lifting the moratorium on new permits will depend on the outcome of a federal investigation over the Gulf spill and the recommendations to be delivered to President Obama at the end of the month.

    SECRETARY KEN SALAZAR: Minerals Management Service will not be issuing any permits for the construction of new offshore wells. That process will be concluded here on May the 28th. At that point in time, we’ll make decisions about how we plan on moving forward. There is some very major mistakes that were made by companies that were involved. But today is not really the day to deal with those issues. Today and the days ahead really are about trying to get control of the problem.

JUAN GONZALEZ: Secretary Salazar added that the existing offshore oil and natural gas drilling will continue, even as public meetings to discuss new oil drilling off the Virginia coast have been canceled for this month.

AMY GOODMAN: Salazar’s announcement comes on the heel of a Washington Post exposé revealing that the Minerals Management Service had approved BP’s drilling plan in the Gulf of Mexico without any environmental review. The article notes that the agency under Secretary Salazar had quote “categorically excluded” BP’s drilling as well as hundreds of other offshore drilling permits from environmental review. The agency was able to do this using a loophole in the National Environmental Policy Act created for minimally intrusive actions like building outhouses and hiking trails. Well, for more on this story, we’re joined now from Tucson, Arizona by Kieran Suckling, executive director of the Center for Biological Diversity. Welcome to DEMOCRACY NOW!, Kieran. Explain this loophole, how you found it, and what it means for the Gulf.

KIERAN SUCKLING: Well, when a federal government is going to approve a project, it has to go through an environmental review. But for projects that have very, very little impact like building an outhouse or a hiking trail, they can use something called a categorical exclusion and say there’s no impact here at all so we don’t need to spend energy or time doing a review. Well, we looked at the oil drilling permits being issued by the Minerals Management Service in the Gulf, and we were shocked to find out that they were approving hundreds of massive oil drilling permits using this categorical exclusion instead of doing a full environmental impact study. And then, we found out that BP’s drilling permit—the very one that exploded—was done under this loophole and so it was never reviewed by the federal government at all. It was just rubber-stamped. Read the rest of this entry »

This post was sparked after reading Richard Heinberg’s recent article Life After Growth, which is a much more personal introspection of Richard’s story uncovering the realities of peak oil and the limits to growth.  I recommend that one, but this earlier essay he wrote on the “End of Growth” I believe may go down in history as required reading.

In it he asks what are the fundamental reasons behind the ongoing economic crisis, arguing persuasively that the role of ecological limits like peak oil cannot be ignored as inhibiting growth both in the long term as well as the short.  However, what Richard lacks is an integrated analysis of the social limits to growth, especially the power of social movements all over the globe working against this system of capitalism.

Without a deep appreciation for the rights of poor and exploited people, it is easy to make mistakes, as I believe Richard does in this essay with regards to immigration, for example.  Further, without seeing the big picture of people’s resistance to capitalism and yearning for a new, non-growth, sustainable world, it is easy to lose hope.  And in these difficult times, hope is our most important natural resource. [alex]

Temporary Recession or the End of Growth?

by Richard Heinberg
August 6, 2009.
.

Everyone agrees: our economy is sick. The inescapable symptoms include declines in consumer spending and consumer confidence, together with a contraction of international trade and available credit. Add a collapse in real estate values and carnage in the automotive and airline industries and the picture looks grim indeed.

But why are both the U.S. economy and the larger global economy ailing? Among the mainstream media, world leaders, and America’s economists-in-chief (Treasury Secretary Geithner and Federal Reserve Chairman Bernanke) there is near-unanimity of opinion: these recent troubles are primarily due to a combination of bad real estate loans and poor regulation of financial derivatives.

This is the Conventional Diagnosis. If it is correct, then the treatment for our economic malady might logically include heavy doses of bailout money for beleaguered financial institutions, mortgage lenders, and car companies; better regulation of derivatives and futures markets; and stimulus programs to jumpstart consumer spending.

But what if this diagnosis is fundamentally flawed? The metaphor needs no belaboring: we all know that tragedy can result from a doctor’s misreading of symptoms, mistaking one disease for another.

Something similar holds for our national and global economic infirmity. If we don’t understand why the world’s industrial and financial metabolism is seizing up, we are unlikely to apply the right medicine and could end up making matters much worse than they would otherwise be.

To be sure: the Conventional Diagnosis is clearly at least partly right. The causal connections between subprime mortgage loans and the crises at Fannie Mae, Freddie Mac, and Lehman Brothers have been thoroughly explored and are well known. Clearly, over the past few years, speculative bubbles in real estate and the financial industry were blown up to colossal dimensions, and their bursting was inevitable. It is hard to disagree with the words of Australian Prime Minister Kevin Rudd, in his July 25 essay in the Sydney Morning Herald: “The roots of the crisis lie in the preceding decade of excess. In it the world enjoyed an extraordinary boom…However, as we later learnt, the global boom was built in large part…on a house of cards. First, in many Western countries the boom was created on a pile of debt held by consumers, corporations and some governments. As the global financier George Soros put it: ‘For 25 years [the West] has been consuming more than we have been producing…living beyond our means.’” (1)

But is this as far as we need look to get to the root of the continuing global economic meltdown?

A case can be made that dire events having to do with real estate, the derivatives markets, and the auto and airline industries were themselves merely symptoms of an even deeper, systemic dysfunction that spells the end of economic growth as we have known it.

In short, I am suggesting an Alternative Diagnosis. This explanation for the economic crisis is not for the faint of heart because, if correct, it implies that the patient is far sicker than even the most pessimistic economists are telling us. But if it is correct, then by ignoring it we risk even greater peril.

Economic Growth, The Financial Crisis, and Peak Oil

For several years, a swelling subculture of commentators (which includes the present author) has been forecasting a financial crash, basing this prognosis on the assessment that global oil production was about to peak. (2) Our reasoning went like this: Read the rest of this entry »

A nice short essay about for-profit education in the age of the end of capitalism. Schools are scrambling to turn themselves into little corporations just in time for the entire paradigm of profit to unravel. The question is, as the country bankrupts itself and the markets dry up, how will schools proceed? Not just universities, but high schools, kindergartens, technical schools, etc? What will education look like in a post-capitalist world?

Will it be more authoritarian, based on mindless discipline and punishments in order to train students to be soldiers or prisoners? Or will it be more democratic, based on the free development of the potential of each child, and preparation for service to the community? That choice is up to us. [alex]

For-profit Education

Milton Friedman’s Dream

Something for advocates of public education to keep in mind now is the changed face of the enemy. The oligarchs; Gates, Broad, the Walton Family, the Bush Family, Bloomberg and the CEO’s represented in the Business Roundtable, had a plan for the destruction of the public schools. They were supremely confident they could bring to fruition Milton Friedman’s dream that education could become a highly profitable industry. Unbeknownst to them though, they had an Achilles Heel. Their plan was fatally flawed because it was inextricably bound up with the dynamic growth of a global capitalist economy.

That’s over with now. Why? For one, because globalization was so successful in its brief heyday. It penetrated every market on the planet. Who would have thought China could become the largest market for autos the way it has this year? It found the absolute lowest wage possible in the undeveloped world. They bumped right up against outright slavery and where possible went over the edge.

The effect of this success was profits on a scale heretofore unimaginable but it also exhausted the systems possibilities for growth. And growth is its lifeblood. Growth kept it healthy and dynamic. When that growth became impossible capitalism turned in on itself. It began to cannibalize itself. That’s when you get Wall Street turning investment banks into casinos and investment vehicles into logarithms. No more real wealth was being created so the bankers turned to magic tricks, in the form of derivatives, to give the appearance of wealth creation. That’s when you get some of the largest corporate entities ever created disappearing into the history books. So long General Motors!

The other thing a global economy had to have if it was going to work was a plentiful and cheap supply of oil. If the world is not now on the downside of the Peak Oil curve, its close enough for government work in the US, China, India, Russia, the EU. Rulers in these developed and developing countries have begun to act along those lines. For instance, the US won’t be getting out of the Middle East anytime soon for the oil supply it offers. US military presence there has nothing to do with silly bleatings over “underwear bombers” or terrorist threats. And for another instance, economic nationalism, in the form of US tariffs on Chinese steel to give one example, is the wave of the future. Globalization cannot withstand the end of free trade or oil driven trade but it faces both. Read the rest of this entry »

This a review of the newish movie ‘Collapse’, review written by a woman of color named Erinn, which I saw on the Bring the Ruckus website. ‘Collapse’ apparently features Michael Ruppert talking about his apocalyptic visions for the world, filmed from his hideout bunker underground somewhere.  Ruppert maintains a horrific blog and used to edit From the Wilderness, a conspiracy-oriented website that intermixes information about peak oil with 9/11 Truth stuff and other scary things.

I was glad to read Erinn’s review, even though I’m not planning to see this film, because it highlights both the racist/classist elements, as well as the lack of grounding in analysis about social change, that continues to hinder the peak oil “movement.”

What Ruppert, and other scaremongers like William Catton of Overshoot and Jay Hanson of dieoff.com have failed to comprehend is that peak oil and other ecological limits do not in themselves guarantee social disaster just because capitalism is collapsing.  There are non-capitalist, non-fossil fuel-driven ways of organizing society, some of which would be much better, and some much worse.

Peak oil does present us with a stark dilemma, but like any dilemma we have two paths we can go down – of course there’s the path of continued plunder and violence, militarism and neo-fascism – but there’s also that of freedom, democracy, and sustainability.  By hiding this second path from their readers and viewers, Ruppert and other ‘doomers’ inadvertently present compelling arguments for the first.

There’s still plenty of resources to meet everyone’s basic needs of food, shelter, water, etc. But because those in power have control over production, resources are being diverted to socially and ecologically inappropriate ends, like the military, banks, private jets, prisons, tar sands, etc.  Never ever forget that there is always a fundamental political choice of how to allocate resources. Until the peak oil ‘movement’ catches on to this reality, it will continue to be dominated by scared, privileged white folks worried about a future catastrophe yet who don’t see the catastrophes that are already affecting most of the peoples of the world.

“We must rapidly begin the shift from a thing-oriented society to a person-oriented society. When machines and computers, profit motives and property rights, are considered more important than people, the giant triplets of racism, extreme materialism, and militarism are incapable of being conquered.” – Dr. Martin Luther King, Jr.

Happy MLK Day!

[alex knight]

COLLAPSE: A Review

by Erinn

So, I went to see a movie called “Collapse.” I read about this movie a little bit before seeing it (full disclosure: I get caught it weird Internet spaces and was reading an article about Mein Kampf. This movie was mentioned in the article for some reason). The premise of the movie is pretty simple: Michael Ruppert believes that he know how and why the US and global economies are currently collapsing (Get it? That’s the movie title…and the country…). The ticket was like $4, which in LA is pretty much like highway robbery.

Originally I went to see this film because it looked interesting and because of the whole $4 thing. About 30 minutes into the movie, I realized that there was a larger discussion to be had here that went beyond reviewing a film. There are aspects of this film that I found interesting and problematic from a practical political perspective, but I think that there is even a more interesting discussion here on the limitations of some supposedly “leftist” and “revolutionary” political ideologies and the complicated nature of the political moment that is in our near future.

So, just to summarize: The film really focuses on Ruppert and the Peak Oil Movement (which to be fair I know little about.) For those of you that are in the same boat as I am, the Peak Oil Movement refers to the idea/scientific principle that there is a limited amount of fossil fuels in the world. Ruppert looks at the fact that Saudi Arabia, which has the largest, recorded landed oil reserves, now drills for oil offshore. As offshore oil drilling is a much more costly endeavor than drilling for oil on land, this could be an indication that the oil in Saudi Arabia, and thus countries with even less oil, is on the global decline as a “dependable” resource. Ruppert identifies the fact that the economic system that the US and the rest of the world operates with requires “infinite resources” while depending on the “finite resource” of oil as the central paradox of our existence today. The movie goes on to note the limitations of other fuel possibilities (with the exception of solar and wind power, Mike identifies other fuel resources as economically and environmentally unfeasible) and declares that “revolution” (which isn’t ever defined in the film) will come from the anger people feel because of the fuel and food shortages that will plague the world in the upcoming decades.

Ruppert constructs a parable to help the audience understand his perspective. He describes the Titanic and himself as a boat-builder on the ship. He’s just been informed that the ship is going to sink and that there are not enough boats on the ship to save everyone on board the ship. (While telling this parable Ruppert seems to be ignoring the racial and gendered histories of this moment…aka white dudes locking poor and “colored” folks in the engine room of the ship.)

Ruppert says that as a boat-builder, he can select from a group of three sets of people to help: Read the rest of this entry »

The efforts of these pirates to gain desperately-needed resources to escape the extreme poverty of Somalia by capturing vulnerable international shipping seem to be virtually unstoppable. As the article says, Somali pirates now hold about 12 different ships hostage, and this oil tanker (whose cargo is worth about $20 million) was captured some 800 miles off the coast of Somalia.

This constitutes yet another significant “social limit to growth” as I explain in my synopsis – people across the world are less and less willing, or able, to “play by the rules” of global capitalism, when they know the system isn’t working for them. The actions of the Somali pirates are just one dramatic and violent example of a much more generalized pattern of resistance, which is placing significant barriers to profit, and thereby opening up possibilities for new systems to emerge and replace capitalism. [alex]

Somali pirates hijack oil tanker headed to New Orleans

By The Associated Press, Published by Nola.com

November 30, 2009, 11:06AM

The Greece-flagged tanker Maran Centaurus, pictured here, was seized by Somali pirates on Sunday, Nov. 29, 2009. It was headed to New Orleans, according to a report in the New York Times.

The Greece-flagged Maran Centaurus was hijacked Sunday about 800 miles (1,300 kilometers) off the coast of Somalia, said Cmdr. John Harbour, a spokesman for the EU Naval Force. Harbour said it originated from Jeddah, Saudi Arabia and was destined for New Orleans, according to a report the New York Times.

The ship has 28 crew members on board, he said.

The shipping intelligence company Lloyd’s List said the Maran Centaurus is a “very large crude carrier, with a capacity of over 300,000 tons.”

Stavros Hadzigrigoris from the ship’s owners, Maran Tankers Management, said the tanker was carrying around 275,000 metric tons of crude. At an average price of around $75 a barrel, the cargo is worth more than $20 million. Hadzigrigoris declined to say who owned the oil.

Pirates have increased attacks on vessels off East Africa for the millions in ransom that can be had. Though pirates have successfully hijacked dozens of vessels the last several years, Sunday’s attack appears to be only the second ever on an oil tanker. Read the rest of this entry »

Also published by The Rag Blog and OpEdNews.
We stand at a critical moment in Earth’s history, a time when humanity must choose its future. As the world becomes increasingly interdependent and fragile, the future at once holds great peril and great promise. To move forward we must recognize that in the midst of a magnificent diversity of cultures and life forms we are one human family and one Earth community with a common destiny. We must join together to bring forth a sustainable global society founded on respect for nature, universal human rights, economic justice, and a culture of peace. Towards this end, it is imperative that we, the peoples of Earth, declare our responsibility to one another, to the greater community of life, and to future generations. – The Earth Charter” (pg. 1).

David Korten, long-time global justice activist, co-founder of Yes! Magazine, and author of such books as When Corporations Rule the World, lays out the fundamental crossroads facing the world in his 2006 book The Great Turning: From Empire to Earth Community. In response to global climate change, war, oil scarcity, persistent racism and sexism and many other mounting crises, Korten argues we must recognize these as symptoms of a larger system of Empire, so that we might move in a radically different direction of equality, ecological sustainability, and cooperation, which he terms Earth Community. This is a powerful and important book, which excels in overviewing the big picture of threats facing our ecosphere and our communities at the hands of global capitalism1, and translating this into the simplest and most accessible language so we might all do something about it. It’s pretty much anti-capitalism for the masses. And it has the power to inspire many of us to transform our lives and work towards the transformation of society.

Capitalism and Empire

Of course, Korten has made the strategic decision to avoid pointing the finger at “capitalism” as such in order to speak to an American public which largely still confuses the term as equivalent to “freedom” or “democracy.” In fact the “C” word is rarely mentioned in the book, almost never without some sort of modifier as in “corporate capitalism” or “predatory capitalism”, as if those weren’t already features of the system as a whole. Instead, Korten names “Empire” as the culprit responsible for our global economic and ecological predicament, which is defined as a value-system that promotes the views that “Humans are flawed and dangerous”, “Order by dominator hierarchy”, “Compete or die”, “Masculine dominant”, etc. (32).

Korten explains that Empire, “has been a defining feature of the most powerful and influential human societies for some five thousand years, [and] appropriates much of the productive surplus of society to maintain a system of dominator power and elite competition. Racism, sexism, and classism are endemic features” (25). In this way the anarchist concept of the State is repackaged as a transcendent human tendency, which has more to do with conscious decision-making and maturity level than it does with political power. While this compromise does limit the book’s effectiveness in offering solutions later on, it does speak in a language more familiar to the vast non-politicized majority of Americans, and may have the potential to unify a larger movement for change.

Whatever you want to call the system, the danger it presents to the planet is now clear. Korten spells out the grim statistics: “Fossil fuel use is five times what it was [in 1950], and global use of freshwater has tripled… the [Arctic] polar ice cap has thinned by 46 percent over twenty years… [while we've seen] a steady increase over the past five decades in severe weather events such as major hurricanes, floods, and droughts. Globally there were only thirteen severe events in the 1950s. By comparison, seventy-two such events occurred during the first nine years of the 1990s” (59-60). If this destruction continues, it’s uncertain if the Earth will survive.

This ecological damage is considered alongside the social damage of billions living without clean water or adequate food, as well as the immense costs of war and genocide. But Korten understands that the danger is relative to where you stand in the social hierarchy – the system creates extreme poverty for many, and an extreme wealth for a few others. He explains how the system is based on a deep inequality that is growing ever worse, “In the 1990s, per capita income fell in fifty-four of the world’s poorest countries… At the other end of the scale, the number of billionaires worldwide swelled from 274 in 1991 to 691 in 2005″ (67). The critical point that these few wealthy elites wield excessive power and influence within the system to stop or slow necessary reform could be made more clearly, but at least the book exposes the existence of this upper class, who are usually quite effective at hiding from public scrutiny and outrage over the suffering they are causing.2

Earth Community – Growing a Revolution

Standing at odds with the bastions of Empire is what David Korten calls “Earth Community,” a “higher-order” value-system promoting the views of, “Cooperate and live,” “Love life”, “Defend the rights of all”, “Gender balanced”, etc. (32). Read the rest of this entry »

Not particularly surprising for those who’ve been paying attention to oil reserve estimates, but it’s now official that the International Energy Agency (IEA) has been deliberately distorting their estimates to make it appear that peak oil is much further away than in reality. Also interesting that the US govt has been pressuring the agency to lie about it.

As I state in my Synopsis, peak oil is one of the most important ecological limits, which will prevent global capitalism from continuing to expand – if it hasn’t already. [alex]

Guardian / UK Tuesday, November 10, 2009

Key Oil Figures Were Distorted by US Pressure, Says Whistleblower

Watchdog’s estimates of reserves inflated says top official

by Terry Macalister

The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.

The senior official claims the US has played an influential role in encouraging the watchdog to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves.

IEADistortion

This official oil production estimate is overly-optimistic

The allegations raise serious questions about the accuracy of the organisation’s latest World Energy Outlook on oil demand and supply to be published tomorrow – which is used by the British and many other governments to help guide their wider energy and climate change policies.

In particular they question the prediction in the last World Economic Outlook, believed to be repeated again this year, that oil production can be raised from its current level of 83m barrels a day to 105m barrels. External critics have frequently argued that this cannot be substantiated by firm evidence and say the world has already passed its peak in oil production.

Now the “peak oil” theory is gaining support at the heart of the global energy establishment. “The IEA in 2005 was predicting oil supplies could rise as high as 120m barrels a day by 2030 although it was forced to reduce this gradually to 116m and then 105m last year,” said the IEA source, who was unwilling to be identified for fear of reprisals inside the industry. “The 120m figure always was nonsense but even today’s number is much higher than can be justified and the IEA knows this.

“Many inside the organisation believe that maintaining oil supplies at even 90m to 95m barrels a day would be impossible but there are fears that panic could spread on the financial markets if the figures were brought down further. And the Americans fear the end of oil supremacy because it would threaten their power over access to oil resources,” he added.

A second senior IEA source, who has now left but was also unwilling to give his name, said a key rule at the organisation was that it was “imperative not to anger the Americans” but the fact was that there was not as much oil in the world as had been admitted. “We have [already] entered the ‘peak oil’ zone. I think that the situation is really bad,” he added. Read the rest of this entry »

This article only scratches the surface of why capitalism as a system based in constant expansion is absolutely incompatible with a planet of real social and ecological limits, peak oil being one. My book will flesh these arguments out in greater detail, but for now check out what Professor Wolff has been cooking up. [alex]

Peak Oil and Peak Capitalism

by Professor Richard Wolff, March 27, 2009.

Originally posted on The Oil Drum, and on Rick Wolff’s homepage.

wolff_real_wages

Worker Productivity (blue) vs. Wages (pink), 1890-2009

The concept of peak oil may apply more generally than its friends and foes realize. As we descend into US capitalism’s second major crash in 75 years (with another dozen or so “business cycle downturns” in the interval between crashes), some signs suggest we are at peak capitalism too. Private capitalism (when productive assets are owned by private individuals and groups and when markets rather than state planning dominate the distribution of resources and products) has repeatedly demonstrated a tendency to flare out into overproduction and/or asset inflation bubbles that burst with horrific social consequences. Endless reforms, restructurings, and regulations were all justified in the name not only of extricating us from a crisis but also finally preventing future crises (as Obama repeated this week). They all failed to do that.

The tendency to crisis seems unstoppable, an inherent quality of capitalism. At best, flare outs were caught before they wreaked major havoc, although usually that only postponed and aggravated that havoc. One recent case in point: the stock market crash of early 2000 was limited in its damaging social consequences (recession, etc.) by an historically unprecedented reduction of interest rates and money supply expansion by Alan Greenspan’s Federal Reserve. The resulting real estate bubble temporarily offset the effects of the stock market’s bubble bursting, but when real estate crashed a few years later, what had been deferred hit catastrophically.

Repeated failure to stop its inherent crisis tendency is beginning to tell on the system. The question increasingly insinuates itself even into discourses with a long history of denying its pertinence: has capitalism, qua system, outlived its usefulness? Read the rest of this entry »

[The tremendous waste and planned destruction that is inherent to capitalism is really quite astounding, but acknowledging this opens a great doorway for all those concerned about social justice and protecting the environment.  Rational production, organized by society rather than for profit, would allow a great reduction in environmental damage, without sacrificing social welfare.  In fact, as Don Fitz points out, economic production scaled to meet human and ecological needs would be so much more efficient than capitalist production that we could produce far less, while simultaneously increasing quality of life dramatically.

This brief overview of the military, food, health care, etc. industries suggests ways to completely transform and down-scale the economy, which would actually make us all richer. Worth the read! -alex]

We Can Produce Less and Consume More

by Don Fitz

Originally published by ZNet, July 15, 2009.

A major gulf between environmental and social justice activists is “stuff.”  Environmentalists (or at least serious ones) say “less.”  Social justice organizers have the habit of saying “more.”

This divisive question cuts to the edge of the sort of society we want to build.  Deep greens envision a world with much less stuff.  A great outline is Annie Leonard’s The Story of Stuff. [1]  An excess of human-produced objects destroys species habitat, poisons communities with toxins, depletes oil and intensifies climate change.

Social justice activists, however, have devoted centuries to denouncing capitalism as placing fetters on the expansion of production.  Whether the struggle is against racism, for labor rights, or resistance to imperialism, the cry is for the oppressed to have a much bigger piece of the pie.

In response to the current economic crisis, a near-unanimous chorus sings “There must be a stimulus package.”  There is considerable debate over the size of the stimulus and what should be stimulated but not a whimper asking whether growth is really a good idea.  It is a rare Michael Moore suggesting that auto plants should not produce autos, but rather solar panels and windmills for a society without privately owned cars. [2]  It is even more rare to hear suggestions that auto plants should manufacture less and that unemployment could be resolved by shortening the work week.

A shorter work week is not exactly of the top of most environmental agendas.  In fact, environmentalists often shoot themselves in the foot when they call for “sacrifices” from those who have already done more than their fair share of doing without.

Production and consumption: A broken connection

These conceptual problems stem from progressives using corporate economic frameworks.  The error is believing that there is a connection between the amount of production and the amount of consumption.  The common misperception is that an increase in consumption requires increased production, and, conversely, a fall in production means there will be less available to consume.

Accepting corporate economics, environmentalists make the false conclusion that if CO2 levels are to drop, then people must consume less.  Social justice activists mistakenly believe that putting people back to work and providing basic necessities for all requires an increase in production.  Neither of these are true.  The greatest decrease in CO2 levels would come with a change in production and requires no personal sacrifice.  Increasing production would not guarantee enough jobs; but, changing production could.

The mistake in economic thinking is hardly surprising since there was a direct link between production and consumption during more than 99% of human history.  In pre-capitalist societies, if people wanted more, they produced more of what they wanted.  This characterized the first few centuries of capitalism.

But between WWI and WWII, something happened that could only be considered a problem within the capitalist mode of production: Industry had the ability to produce enough to satisfy everyone’s basic needs.  The first capitalists to realize this were aghast.

Jeffrey Kaplan chronicles their dismay at the discovery “that the industrial capacity for turning out goods seemed to be increasing at a pace greater than people’s sense that they needed them.” [3] Though a tiny handful of business leaders thought that America should switch to a four hour workday, most concluded that such leisure could breed radicalism and that a failure to increase production would threaten profits.

In 1929 President Herbert Hoover’s Committee on Recent Economic Changes announced the growing corporate consensus that capitalism could best survive by creating artificial needs. The Committee gleefully announced that “Economically we have a boundless field before us; that there are new wants which will make way endlessly for newer wants, as fast as they are satisfied.” [4] Read the rest of this entry »

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