Of Yachts and Fossils

Who ever knew it, but seizing yachts is very popular! And despite the reporting that will tell you that they are impossible to re-sell, as if that makes the seizures moot, taking the oligarchs’ prized possessions scratches a weird itch in the afflicted that actually bothers the comfortable if you know what I mean and I think you do. These are ridiculous manifestations of not only conspicuous consumption, but also conspicuous waste. It also beggars belief that no useful purposes can be devised for these vessels.

Anyway, to the broader situation of Russia, and trying to strangle their economy without strangling the world economy – unless we de-fossilize our energy sources, the former will always be the latter:

This is a coherent platform for left-of-center parties across the globe: a law-and-order crackdown on international kleptocracy, and mass electrification and renewable energy to weaken the repressive and despotic petrostates. It is not a quick fix (though confiscatory wealth taxes ought to work quickly enough), and it is perhaps not as viscerally satisfying to our bloodthirsty pundit class as more fighters and missiles. But in the medium term the “solution” to the “problem” of Russian aggression is not trying to surgically crash their economy while protecting ours (an impossible tightrope to walk so long as high-income nations fail to quit fossil fuels). It may be impossible now to use Apple Pay to ride the Moscow Metro—it may even be impossible, temporarily, for particular Russian-born billionaires to anonymously purchase London pieds-à-terre—but it is still very easy to take the money you made selling natural gas to Berlin and ask a lawyer in New York to explain how to hide it it in South Dakota. The only sensible Russia policy is to make it unprofitable to be the sort of state it is. This approach would also have the side benefit of improving the sorts of states all of us reside in, and perhaps even of saving human civilization. Defeating Russia, by necessity, requires defeating fossil capital.


Image: Andrey Melnichenko’s SY A sailing yacht that at least looks like a sail boat.

Following the facts to where they lead

Via LGM, the approaching 200th birthday of Karl Marx is indeed a moment to digress upon the notion that Marx was right about a lot of things:

The key factor in Marx’s intellectual legacy in our present-day society is not “philosophy” but “critique,” or what he described in 1843 as “the ruthless criticism of all that exists: ruthless both in the sense of not being afraid of the results it arrives at and in the sense of being just as little afraid of conflict with the powers that be.” “The philosophers have only interpreted the world, in various ways; the point is to change it,” he wrote in 1845.

Racial and sexual oppression have been added to the dynamic of class exploitation. Social justice movements like Black Lives Matter and #MeToo, owe something of an unspoken debt to Marx through their unapologetic targeting of the “eternal truths” of our age. Such movements recognize, as did Marx, that the ideas that rule every society are those of its ruling class and that overturning those ideas is fundamental to true revolutionary progress.

We have become used to the go-getting mantra that to effect social change we first have to change ourselves. But enlightened or rational thinking is not enough, since the norms of thinking are already skewed by the structures of male privilege and social hierarchy, even down to the language we use. Changing those norms entails changing the very foundations of society.

Also true that quite a number of people are afraid to even delve into Marx because ‘Marx,’ which is it’s own quiet little brand of pathetic. Add ‘closing books you’ve never opened’ to the long list of epithets at the heart of our ignorance. Plenty of ills have flowed out of his ideas, but the posture of critique about all of this madness is one we cannot afford to be afraid of.

Image: Marx welcoming pedestrians in his birthplace of Trier.

Going Away

Not me, this time – malheureusement. But oil refineries. They’re going away. They’re not leaving today. But they’re going away. The article makes for an almost wistful, Christmas Eve nostalgia for how, pretty soon, we’re not going to have them to kick around any more. And boy will we regret that. Except we won’t.

Gasoline demand, which many analysts had long expected to keep rising for decades, is down sharply in the recession. And refiners are increasingly convinced that even after the economy recovers, demand will not grow much in coming years because of the rise of alternative fuel supplies and the advent of tougher efficiency standards for automobiles.

Plagued by boom-and-bust cycles of rapid expansion followed by sharp belt-tightening, refining companies have often struggled to operate at a profit. That is a contrast to the production side of the oil business, long a road to riches.

“Oil production creates wealth, but oil refining has often destroyed it,” said Costanza Jacazio, an analyst at Barclays Capital in New York.

Even so, these are unusually harsh times for oil refiners. The recent drop in gasoline demand could result in more refineries being closed in the coming year.

Talk about shock and… aw. But this has very little to do with eco-anything, really. It’s just an economic situation, itself in transition, and away from where the fossil fuel industry thought they would ever go or be, which is not far from here – or actually about 2007. This is itself a problem with the imagination of your average B-school go-getter, seeing just far enough to be able to carve out their own little piece of the bottom line as it exists as the status quo. Then having the proclivity to channel all remaining energy into protecting that little slice of heaven. Instead of being able to recognize the shortcomings even of a system beneficial to them and foresee workable, if not equitable, adjustments to that system. Imagination fail, like a tractor beam. Like a circle, baby.

And this is transferrable to many issues and realms, including the political and HCR. If you doubt that, check out another op piece today, and witness the depravity that was Phil Gramm circa 1993. Hunted with dogs, indeed.