Leaderless democracy

No, not the kind that continues to bottle us up in debt-ceiling kabuki. The other kind:

What was the occupiers’ one demand? They never said. And as they practiced a leaderless form of democracy, there was no one to say. The movement did have a slogan, “We Are the 99 Percent,” informed by recent economics research exposing the gap between the top 1 percent and everyone else. Yet the occupiers didn’t seem particularly inspired by the technical solutions that economists proposed. When Joseph Stiglitz, the World Bank’s former chief economist and a critic of unregulated capitalism, came to Zuccotti Park to complain about how financial markets had “misallocated capital,” he looked adorably out of place in his collared dress shirt and khakis, surrounded by activists in kaffiyehs, baseball caps, and hoodies.

Journalists trying to understand this inchoate insurgency turned for answers to Graeber, a seasoned veteran of the global justice movements of the late 1990s and early 2000s and a central figure in Zuccotti Park. It helped that he was a witty commentator with a knack for summing things up crisply. He’d been the one to suggest the language of “the 99 percent,” which he’d adapted from an article by Stiglitz. Graeber was also, as some of his fellow occupiers were surprised to learn, a major anthropological theorist. Starting as an expert on highland Madagascar, Graeber had become a free-range thinker specializing in questions of hierarchy and value but interested in virtually everything. He’d recently written a 600-page ethnography of the protests against neoliberal globalization—protests he’d joined himself.

Leaderless decision-making is the route to the real possibility, messy and littered with threat and chaos though it is. And that’s just the point – Graeber was absolutely correct about the limited political horizons [most] people come to expect. And of course we are taught this, to make nice, to play well with others, even if they actively mean us harm. And make no mistake, there are actual antagonists in our midst and we’re definitely not talking about the horn-hatted, shirtless spear holders. These are people in suits, and many of the issues that stir madness within those impatient with a complicit media or corrupt pols are seen only as rounding errors by the faceless conglomerati.

No one will be allowed – that is, given permission – to do anything about climate change, income inequality or anything else. Some call it anarchy, but being stuck with oppressive systems is a refusal to re-imagine. It’s fear – fear of messes, fear of change, fear of losing security – as if. Meanwhile, tides are lapping. Leave the grand historical narrative to Marx.

Coming Soon

Very dour outlook in Nevada.

The decay in Vegas doesn’t stay there: It reverberates throughout the state. “Coming Soon” signs have been pulled down across the city, because nothing is coming soon other than more foreclosures. The Nevada landscape is pockmarked by empty condos and casinos, some of them fully built and sitting there empty, others are shells frozen in time. When analysts talk abstractly about Wall Street sucking capital out of the real economy, these stalled construction projects are the on-the-ground reality. “60% Reduced Prices” promises one empty condo development.

The $3.1 billion Fontainebleau Las Vegas construction project sits nearly complete but the lender pulled out and everybody is suing everybody else. The first Ritz-Carlton in the company’s history to shut down is in Las Vegas.

And as the article title asserts, this is the future for much of the country. I wish I could say or you could think that this is wholly attributable to the economic recession and unrelated to the causes underpinning our crisis of ecology, but we can’t. Unsustainable growth, over-building, mindless reliance on cheap materials and energy, exacerbating resource scarcity… it’s all there. There is greed but also ambivalence about consequences that is too obvious to ignore, that allows for the kinds of rapacious development that built Las Vegas into what it is – which is a gilded yet crumbling metropolis, in the desert, no less. The human toll is tragic and cannot be quantified only by the number of empty subdivisions, but the region’s supposed rebound will be divined in corporate dividends and ephemera like new housing starts. Might as well be reading entrails.

And on top of it all… Fontainebleau? Really?

Green Faith

This could go without saying, but I guess if I really believed that, I would let it. There is no good faith element – as in, “We’re operating in good faith” – in a capitalist system. Nor does there have to be. There is only green faith.

WASHINGTON — Reversing its oft-repeated position that it was acting only on behalf of its clients in its exotic dealings with the American International Group, Goldman Sachs now says that it also used its own money to make secret wagers against the U.S. housing market.

A senior Goldman executive disclosed the “bilateral” wagers on subprime mortgages in an interview with McClatchy, marking the first time that the Wall Street titan has conceded that its dealings with troubled insurer AIG went far beyond acting as an “intermediary” responding to its clients’ demands.

They could clearly see it was toppling and vulnerable sector; opportunities abounded. Of course they were playing both sides, they would be stupid derelict in their duties, i.e., not competitive, not to. Just as we would be derelict in our duties stupid not to know this is what they are doing, particularly because of the despite the altruistic tone of their t-shirts and coffee mugs. The very notion that something, anything, is done by a company that is in the best interest of anything other than making more money is… worse than naive, it’s a sentiment that is itself counted on and used, where possible, to make more money – a tool like any other. No flag, no empathy, no brotherhood, no fidelity except to profit, where the loyalty is ruthless and unwavering. It has to be.

See the circle? You’re soaking in it.