Friday, March 13, 2020

your random downer

.....unless it is abolished, capitalism will not disappear when boom turns to bust.  Instead, energy-starved, growth-less capitalism will turn catabolic.  Catabolism refers to the condition whereby a living thing devours itself.  As profitable sources of production dry up, capitalism will be compelled to turn a profit by consuming the social assets it once created.  By cannibalizing itself, the profit motive will exacerbate industrial society’s dramatic decline.
Catabolic capitalism will profit from scarcity, crisis, disaster, and conflict.  Warfare, resource hoarding, ecological disaster, and pandemic diseases will become the big profit makers.  Capital will flow toward lucrative ventures like cybercrime, predatory lending, and financial fraud; bribery, corruption, and racketeering; weapons, drugs, and human trafficking.  Once disintegration and destruction become the primary source of profit, catabolic capitalism will rampage down the road to ruin, gorging itself on one self-inflicted disaster after another.
    -- Craig Collins

1 comment:

Eric Zwieg said...
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