Wednesday, January 22, 2025
Got A Feeling About The Future
And it ain't too good. I know I'm supposed to feel profound sympathy for the people losing their homes to fire in LA, but instead I feel much more sympathy for the people who live in tents or cars on the streets of America. Or the people who live in shacks throughout the so-called "developing world". People who don't get "homes" , but basic shelter.
Speaking of homes: "The numbers show how climate change is eroding the underpinnings of American life by making home insurance costlier and harder to hang on to, even as wildfires, hurricanes and other calamities increasingly threaten what is, for many people, their most valuable asset."
Gee, who could have predicted that insurance would be the Achilles heel? In his book Against the Crisis;Economy and Ecology in a Burning World, author Stale Holgersen argues that rather than crisis undermining capitalism, it actually serves to strenthen the system. Basically taking shock doctrine to the next level. What seems to be undefined, however, is the difference between, or dialectic of, crisis and rupture. I get that "creative destruction" is a feature of capitalism but what we will soon be looking at is uncreative destruction. The shattering of the last, tenuous social bonds.
Klein also wrote This Changes Everything, with an understanding that unlike other "metabolic rifts", climate change will not be a linear progression of events. it accelerates exponentially till you've plunged off the cliff. Capitalism will not thrive under this regime.
As for today's inauguration of Trump, the American People just want cheaper groceries and if it takes burning fossil fuel, whatever. It is a simple, transactional formula. Votes for treats. Of course physics doesn't argue and more houses will burn or be flooded or blown away, the sooner the better IMO. One of Trumps executive orders does away with "the social cost of carbon", one of the linchpins of green capitalism. The formula, first proposed by Nobel winning economist Nordhaus, was supposed to make markets more rational and efficient but it ignored Capitalism's ideological component.
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