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<channel>
	<title>Happy Mortal &#187; capitalism</title>
	<atom:link href="http://happymortal.com/tag/capitalism/feed/" rel="self" type="application/rss+xml" />
	<link>http://happymortal.com</link>
	<description>This life, well-lived.</description>
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		<title>Got change for my dollar?</title>
		<link>http://happymortal.com/2010/04/got-change-for-my-dollar/</link>
		<comments>http://happymortal.com/2010/04/got-change-for-my-dollar/#comments</comments>
		<pubDate>Mon, 19 Apr 2010 23:01:23 +0000</pubDate>
		<dc:creator>pebble</dc:creator>
				<category><![CDATA[Le Quotidien]]></category>
		<category><![CDATA[Philosophy]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[change]]></category>
		<category><![CDATA[dollars]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[politics]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[shopping]]></category>
		<category><![CDATA[voting]]></category>

		<guid isPermaLink="false">http://happymortal.com/?p=1000</guid>
		<description><![CDATA[As for me, I'm handing over my dollar bill and yes, I would like change.]]></description>
			<content:encoded><![CDATA[<p><a class="tt-flickr tt-flickr-Medium" title="Photo a day project: February 2006" href="http://www.flickr.com/photos/jennyleesilver/4484437899/"><img class="aligncenter" src="http://farm3.static.flickr.com/2694/4484437899_6a5b86242c.jpg" alt="Photo a day project: February 2006" width="500" height="333" /></a></p>
<p>In this country, a republic, I have been taught that my vote is important, that my health is up to me and my doctors and pharmacists pocket book, that I shouldn&#8217;t pay &#8220;high&#8221; taxes. That I deserve to have a house, 2.5 kids, a dog and two vehicles; one suv, one sedan. A summer house, a yearly vacation, and tax free luxuries. That I shouldn&#8217;t have to pay for criminals to stay in jail, or lazy women to go on welfare. That I should work a 40 hour work week to get by, an 80 hour work week to succeed. And that I should accept the GMO, pesticide sprayed food that the government provides me to keep me voting, paying low taxes and working my 80 hour work week so I can take an 80(?) hour vacation week while thinking about my 2.5 kids, house and the cost of gas for my suv and sedan. Did you follow that?</p>
<p>Me either. Here&#8217;s the thing. I used to feel strongly about voting. Especially in this last election. As a US expat who has returned to the states and been living here for almost ten years, I felt it was my patriotic duty and an honor to vote in every election that I have received a ballot for. Spending up to two or three days researching every candidate and issue that was to be voted on or for. But I must admit, I&#8217;m feeling very jaded.</p>
<p>Not that I am disappointed in our president. Or that G.W.&#8217;s office time suddenly turned me against government. My disenchantment with our political system has been a slow process starting with my father&#8217;s stories of being drafted to the current state that our socialistic, tea throwing, democtratic country has become.</p>
<p>And to be perfectly honest about it I&#8217;m the one to blame.</p>
<p>Now before I get to what I am going to do about it let me ask you one question? How often do you vote every year? For me the answer is about once or twice. That is 0.0054794 times a day. (If I am generous and go with the two times a year.) Okay, I lied. I have a second question. How many times do you go shopping every year? Not sure? How about every week? My week consists of at least one grocery store trip. Often two because I forgot something. How about clothing, movies, dinning out, gas, coffee&#8230; The list keeps going. So I&#8217;m going to say that I probably shop at least 4 times a week.</p>
<p>Ready to hear how that plays into my new way of thinking?</p>
<p>I may live in a country that is a republic, and it may go by the nick name of democracy, and some people are afraid that it is on the verge of being a transpolitical sociopublicrat. And, whatever this country may be to some, there is one thing that I know about it for sure. It is a capitalistic country. You know how we can tell? We stayed the same during republican and democratic president alike. We have withstood wars, and mother nature. But the one thing that scares us all, that really changes how we live, the identity that when ripped away causes us to forget who we are and have to figure it all out again is a RECESSION. Yup, we can fight about politics all we want, but the one thing that really gets our patriot hats, burnt bras and rubber band cause bracelets in a twist is money.</p>
<p>So what does that mean for me?</p>
<p>It means that instead of putting so much stock into my vote and so much worry into the aftermath I have moved on to something that makes a difference. Shopping.</p>
<p>I&#8217;m not talking about racking up debt or silly spree&#8217;s. I&#8217;m talking about my day to day spending of money. Who is it going to? Is it going to support a cause that I agree with? Is it going to further a company that lines up with my ideals? Is it going to support the local economy? Is is going to a product that is kind to the earth and animals? Each one of these decisions is a vote. Each dollar I (and you) spend is being marked on giant ballots somewhere behind the economies doors. And what I think about now is that I vote 0.569863 times a day. At least. That can make a difference. And that is what I want to do.</p>
<p>How do you decide where you shop? Does your social paradigm factor in? I&#8217;d love to hear your thoughts on your shopping habits.</p>
<p>As for me, I&#8217;m handing over my dollar bill and yes, I would like <em>change</em>.</p>
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		<title>Corn Flakes: An Allegory</title>
		<link>http://happymortal.com/2009/11/corn-flakes-an-allegory/</link>
		<comments>http://happymortal.com/2009/11/corn-flakes-an-allegory/#comments</comments>
		<pubDate>Wed, 04 Nov 2009 08:18:42 +0000</pubDate>
		<dc:creator>rekonstruct</dc:creator>
				<category><![CDATA[Culture]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[food]]></category>

		<guid isPermaLink="false">http://happymortal.com/?p=895</guid>
		<description><![CDATA[After scarfing a bowl of Corn Flakes there are two states of being that can arise: regret and curiosity.]]></description>
			<content:encoded><![CDATA[<p><a class="tt-flickr tt-flickr-Small" title="Cereal Killer" href="http://www.flickr.com/photos/malias/111953608/"><img class="alignleft" src="http://farm1.static.flickr.com/50/111953608_2bdf0ebddd_m.jpg" alt="Cereal Killer" width="220" height="240" /></a> Last Sunday I made the mistake of eating a bowl of Kellogg&#8217;s Corn Flakes. It was in the cupboard and I was hungry and there was a baby and a football game&#8230;you get the picture.</p>
<p>After scarfing a bowl of Corn Flakes there are two states of being that can arise: regret and curiosity. Both hit me like a speedball of high fructose corn syrup straight to the pancreas.</p>
<p>As my stomach churned through what it thought was food, I couldn&#8217;t help but wonder about the larger socio-political ramifications of Corn Flakes. After all, what I had just eaten was satisfying/unsatisfying in some sort of undefinable way. I was fuller than I had been, but also more hungry.</p>
<p>Just as the regret was wearing thin, the curiosity swung into full effect. What was it that I&#8217;d just eaten? I left the baby in the magic vibrating chair, and stumbled to the kitchen in a mixed state of rapture and disgust over what I&#8217;d just incorporated into my body.</p>
<p>But curiosity just bred more regret. Corn meal. High Fructose Corn Syrup. I ignored the rest and scanned further up the side of the box to the list of fortifications. A vast field of vitamins and minerals were arrayed before me. All of this in just one bowl of Corn Flakes? I was overwhelmed.</p>
<p>Then the thought came: &#8220;I&#8221;ll never need to eat anything but Corn Flakes ever again.&#8221;</p>
<p>My head swam as my heart sank. No longer will I have to go to the trouble of shopping for ingredients for balanced meals. No more of the hassle of fresh fruits and vegetables that go bad in like an hour. A box of Corn Flakes has a half-life of at least 2 years, right? No more cooking. No more group meals, which means never having to waste time talking with people while I eat.  Breakfast, lunch, and dinner, each in three minutes flat. I would never have to worry about wasting time enjoying a meal ever again.</p>
<p>Who knew the possibilities that a simple box of Corn Flakes could open up? Who knew that post-industrial food engineers could so completely satisfy the maintenance needs of this flesh machine? Who knew that Corn Flakes would give me the life that I never thought I could have?</p>
<p>I&#8217;m no longer Rekonstruct. Now I&#8217;m fortified with essential vitamins and minerals. Now I&#8217;m saving time as I save money.</p>
<p>Who knew it was so easy to live the dream? Who knew it came prepackaged? With coupons?!? Fortified and preserved and ready to save me from the inefficiencies of food. Thank you Corn Flakes. Thank you.</p>
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		<slash:comments>3</slash:comments>
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		<title>Walmart, Corn Flakes, and the end of Capitalism</title>
		<link>http://happymortal.com/2009/11/walmart-corn-flakes-and-the-end-of-capitalism/</link>
		<comments>http://happymortal.com/2009/11/walmart-corn-flakes-and-the-end-of-capitalism/#comments</comments>
		<pubDate>Sun, 01 Nov 2009 23:09:26 +0000</pubDate>
		<dc:creator>rekonstruct</dc:creator>
				<category><![CDATA[Le Quotidien]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[marx]]></category>
		<category><![CDATA[walmart]]></category>

		<guid isPermaLink="false">http://happymortal.com/2009/11/walmart-corn-flakes-and-the-end-of-capitalism/</guid>
		<description><![CDATA[In this sense, Walmart must be like heaven then...]]></description>
			<content:encoded><![CDATA[<p><a class="tt-flickr tt-flickr-Small" title="supply★run" href="http://www.flickr.com/photos/dnorman/4061125973/"><img class="alignleft" src="http://farm3.static.flickr.com/2730/4061125973_80ea95e67d_m.jpg" alt="supply★run" width="240" height="180" /></a> While I was watching football this morning, Fox aired a Walmart commercial that got me barking mad. Maybe it was the fact that my Seahawks were getting dismantled by the Cowboys, maybe it was the crying baby I was trying to bottle feed, maybe it was the high-fructose laden Kellog&#8217;s Corn Flakes getting soggy by my feet, not sure, but it riled me up enough to write a blog.</p>
<p>The ad went a little something like this. &#8220;Buy more of our stuff because we can save the average family three-thousand dollars a year.&#8221; I hope to keep this short and sweet, but there is a little back story necessary.</p>
<p>A couple of years ago I got into a minor argument with my Republican (closet Libertarian) uncle about capitalism. His point was that true capitalism (capitalism unencumbered by the institution of a real free-market economy), through competition, can theoretically drive the cost of a product down to zero. In essence, free-range capitalism is tasty because, once enveloped by the principle of free market, living doesn&#8217;t cost anything anymore.</p>
<p>This is not the only lie of capitalism, but it is a potent one. American capitalism is still stuck in the hyperreality of the early 20th century, where Enlightenment optimism, empirical ideals, and the hope of industrialization and nuclear power created a desert of economy where the history of a product was lost in conception of its circulation.</p>
<p>In short, America forgot that life cost something. Forget the existential crises of the 20th century, WW I and II, Hiroshima, the cold war, for the zeitgeist of economics had not yet fallen prey to the anxiety of the gap between the attempt to extend  the model of the new real (the hyperreal) into the old one. Religion, philosophy, geo-politics, art, all seemed to grasp something that capitalism ignored: the ontological insubstantia of every model extended, superimposed, embossed upon the real.</p>
<p>Walmart is perpetrating this notion that living doesn&#8217;t cost (or to be true to their own wording, living costs less). In this sense, Walmart must be like heaven then, a place where thieves cannot break in and steal, because why would thieves steal something that didn&#8217;t have value. What we&#8217;re left with then, is the practical fallout of the capitalist nightmare. That capitalism does drive the cost down toward nothing, but not through some alchemical form of circulation.</p>
<p>But how? This is where we discover the lie. Walmart is cutting the cost of living for you by exacting that same cost from those who produce and sell their goods. They work hard so you don&#8217;t have to. They give up homes so that you can perpetuate the ongoing lie of the middle class. They go hungry so that you can put the excess in a landfill.</p>
<p>In this way, American capitalism is just feudalism writ large. The one with the biggest standing army, the one with the most impregnable castle can exact more than they need from those who actually produce it.</p>
<p>Not enough room left for Corn Flakes, or the cost of living. Stay tuned.</p>
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		<title>Identity and The Coming Insurrection</title>
		<link>http://happymortal.com/2009/08/identity-and-the-coming-insurrection/</link>
		<comments>http://happymortal.com/2009/08/identity-and-the-coming-insurrection/#comments</comments>
		<pubDate>Sun, 02 Aug 2009 01:21:36 +0000</pubDate>
		<dc:creator>willwindow</dc:creator>
				<category><![CDATA[Culture]]></category>
		<category><![CDATA[Philosophy]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[identity]]></category>
		<category><![CDATA[politics]]></category>
		<category><![CDATA[revolution]]></category>

		<guid isPermaLink="false">http://happymortal.com/?p=779</guid>
		<description><![CDATA[The handicap has become the model of the coming citizen . . . the pervasive injunction, "to be someone," maintains this pathological state that makes this society necessary]]></description>
			<content:encoded><![CDATA[<p><a class="tt-flickr tt-flickr-Medium" title="Paper Mother and Child with Clothes for Each" href="http://www.flickr.com/photos/perpetualplum/3576389990/"><img class="alignnone" src="http://farm3.static.flickr.com/2007/3576389990_fb43e58f37.jpg" alt="Paper Mother and Child with Clothes for Each" width="347" height="500" /></a></p>
<p>Recently I have started to read The Coming Insurrection (TCI), a revolutionary manifesto written by a french group named &#8220;the invisible committee.&#8221; I&#8217;ve been compelled by what TCI has to say about identity.  But first, a little context: TCI has been labeled a terrorist document by French authorities.  Recently they have arrested nine individuals on charges of terrorist acts, also claiming that this group authored TCI (check out the story at <a href="https://www.adbusters.org/magazine/85/coming_insurrection.html">adbusters)</a>.  MIT press gives the following <a href="http://mitpress.mit.edu/catalog/item/default.asp?ttype=2&amp;tid=11879">description</a> of the work:</p>
<p><em>The Coming Insurrection articulates a rejection of the official Left and its reformist agenda, aligning itself instead with the younger, wilder forms of resistance that have emerged in Europe around recent struggles against immigration control and the &#8220;war on terror.&#8221;</em></p>
<p>I am currently working my way through the French version.  So far the committee gives some compelling diagnoses of some of the ills that plague capitalist society.  However, I find their call to a violent uprising simplistic and unimaginative.  When you start a creative nonviolent revolution, then you can count on me to throw my hat in the ring.  Back to identity.  One of the first worthwhile sections in TCI describes how capitalist society programs individuals to spend great quantities of energy maintaining their identities.  Here&#8217;s a taste (my translation):<br />
<em><br />
If &#8217;society&#8217; had not become this final abstraction, it would designate the ensemble of existential crutches that are offered to me for the price of my identity.  The handicap has become the model of the coming citizen . . . the pervasive injunction, &#8220;to be someone,&#8221; maintains this pathological state that makes this society necessary  (14).</em></p>
<p>Against this model of identity, where the self is the black hole that swallows one&#8217;s attention and keeps one reaching for new products, TCI proposes a net-worked view of identity, a worldly view:</p>
<p><em>The &#8216;me&#8217; is not that which is in crisis within us, but the form that they seek to stamp on us.  They want to make us into &#8220;Me&#8217;s,&#8221; delineated, separated, classifiable and assessable by our qualities, in a word: controllable, when we are creatures among creatures, singularities among likenesses, living flesh weaving the flesh of the world.  Contrary to what we learn from childhood, intelligence, is not knowing how to adapt&#8211;or if this is an intelligence, it is a slave intelligence.  Our in-adaptation, our fatigue, are problems from the point of view of those who want to oppress us (17, 18).</em></p>
<p>I have become increasingly convinced that this is correct. Identity is something weaving and woven. We can only understand it in terms of systems.  The &#8220;I&#8221; is not autonomous or static, and it is not something that we accessorize.  The I is a fluctuating nodal point in a sea of overlapping systems.  I don&#8217;t think that this should lead us to attempt the &#8220;loss of self.&#8221;  But I do think it should push us to think of ourselves as more than just our favorite color, more than our actions, and more than our bodies (and less than the world).</p>
<p>[To check out TCI, you can download a French translation or a rough English translation<a href="http://tarnac9.wordpress.com/texts/the-coming-insurrection/"> here</a>.  Or you can buy an english translation from Semiotext(e) <a href="http://www.amazon.com/Coming-Insurrection-Semiotext-Intervention/dp/1584350806">here</a>.]</p>
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		<slash:comments>5</slash:comments>
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		<item>
		<title>Capitalism vs. Capitalism</title>
		<link>http://happymortal.com/2008/11/capitalism-vs-capitalism/</link>
		<comments>http://happymortal.com/2008/11/capitalism-vs-capitalism/#comments</comments>
		<pubDate>Fri, 21 Nov 2008 20:33:53 +0000</pubDate>
		<dc:creator>rekonstruct</dc:creator>
				<category><![CDATA[Philosophy]]></category>
		<category><![CDATA[capitalism]]></category>

		<guid isPermaLink="false">http://happymortal.com/?p=346</guid>
		<description><![CDATA[The sad truth is that American capitalism gave up on human beings a long time ago. In that sense, the current collapse of our economy is not the failing of American capitalism, it is it's culmination.]]></description>
			<content:encoded><![CDATA[<p><a class="tt-flickr tt-flickr-Small" title="One Cent - 3" href="http://www.flickr.com/photos/rendzu/3022122567/"><img class="alignleft" src="http://farm4.static.flickr.com/3291/3022122567_13e63642c4_m.jpg" alt="One Cent - 3" width="240" height="238" /></a> A few years ago, Americans would have chuckled about Chinese capitalism. They would have pointed to the instability of the Shanghai Stock Exchange as proof that communists don&#8217;t know how to run an economy. Who&#8217;s laughing now?</p>
<p>To be honest, I&#8217;m a little confounded that the (not so) free market of American capitalism has shot itself in the foot like it has. Then I rethink that confusion and realize that our capitalism is not so different from theirs, but that not so different has enormous ramifications.</p>
<p>Both China and America sport government control over the economy. Both countries manage their economy for profit (or, to be specific, they manage their economy by turning resource into capital). Both have great natural resources. Where&#8217;s the difference?</p>
<p>One is corporate, the other is corporate. Wait&#8230; What does that mean?</p>
<p>In China, corporate refers to the governing posture. Decisions are made with the many in mind. China has yet to change that definition like America did. In America, corporate does not even refer to people. It doesn&#8217;t refer to the many. Instead, corporate America refers to businesses not people. That is the irony of American business. Once something has become incorporated (literally within bodies), it ceases to be human.</p>
<p>The American business model has managed capital for the express purpose of protecting corporate America (not people).</p>
<p>In a way, China is beating us at our own game: capitalism. Staunch capitalists will say that capitalism is the only economy (actually, they tend to think of capitalism as a way of governing) that protects the human spirit. The sad truth is that American capitalism gave up on human beings a long time ago. In that sense, the current collapse of our economy is not the failing of American capitalism, it is it&#8217;s culmination.</p>
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		<slash:comments>6</slash:comments>
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		<item>
		<title>Frozen Credit Markets: Dragons to Blame?</title>
		<link>http://happymortal.com/2008/10/frozen-credit-markets-dragons-to-blame/</link>
		<comments>http://happymortal.com/2008/10/frozen-credit-markets-dragons-to-blame/#comments</comments>
		<pubDate>Thu, 16 Oct 2008 22:22:52 +0000</pubDate>
		<dc:creator>rekonstruct</dc:creator>
				<category><![CDATA[Culture]]></category>
		<category><![CDATA[Philosophy]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://happymortal.com/?p=54</guid>
		<description><![CDATA[What do dragons and the frozen credit market have in common? A lot. Maybe. Just tag along with the analogy for the moment, I think it ends up revealing interesting qualities of capitalism and the standing reserve.]]></description>
			<content:encoded><![CDATA[<p><a href="http://happymortal.com/files/2008/10/drg_treasure.gif"><img class="alignnone size-medium wp-image-159" src="http://happymortal.com/files/2008/10/drg_treasure.gif" alt="" width="252" height="261" /></a></p>
<p>What do dragons and the frozen credit market have in common? A lot. Maybe. Just tag along with the analogy for the moment, I think it ends up revealing interesting qualities of capitalism and the standing reserve.</p>
<p>The deal is this. Dragons don&#8217;t like to spend money. What do dragons like? Pillaging, burning villages; eating toasty, roasted knights in shining armor; amassing large piles of gold, jewels, crowns, your basic treasure collection. Now, Reaganomics suggests that this treasure is like clouds. Once the dragon&#8217;s horde is big enough, coins start to form like moisture and rain down on the poor, disenfranchised villagers.</p>
<p>Here&#8217;s the rub. The purpose of a dragon&#8217;s treasure (aka standing reserve) is most certainly not market liquidity. The dragon has no interest in spending the mass of capital. This is the unconscious neuroticism of Western Capitalism: capital is not a means to an end, it is an end in itself. Capitalism (big &#8220;C&#8221; Capitalism, note I am not talking about the simple fact that human beings work and consume) is a posture of transformation. The often unspoken point of it all is to transform resource to capital. It is worth noting that this posture is preceded by a way of seeing: the world as resource.</p>
<p>That&#8217;s the analogy&#8211;the gaints of capitalism are like dragons. It is not their nature to liquidate their resources. In fact, because Capital is an end in itself, these giants have no resources, only standing reserve. Standing reserve is not for spending, it is for having. There is no economic purpose to the standing reserve. It is a neurotic posture that stems from our antagonistic relationship toward the world. In short, it is a misappropriated fear of death.</p>
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		<title>The End of Capitalism</title>
		<link>http://happymortal.com/2008/09/the-end-of-capitalism/</link>
		<comments>http://happymortal.com/2008/09/the-end-of-capitalism/#comments</comments>
		<pubDate>Thu, 25 Sep 2008 23:17:02 +0000</pubDate>
		<dc:creator>rekonstruct</dc:creator>
				<category><![CDATA[Le Quotidien]]></category>
		<category><![CDATA[Philosophy]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[congress]]></category>
		<category><![CDATA[depression]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[paulson]]></category>

		<guid isPermaLink="false">http://happymortal.com/?p=33</guid>
		<description><![CDATA[In order to drum up support for Paulson's 700 billion dollar bailout and explain the cause of a financial crisis so dire that it inspired presidential candidate John McCain to suspend his campaign, president Bush addressed the nation last night.]]></description>
			<content:encoded><![CDATA[<p><a class="tt-flickr tt-flickr-Thumbnail" title="CAPITALISTS PROHIBITED" href="http://www.flickr.com/photos/31470910@N07/3421480027/"><img class="alignleft" src="http://farm4.static.flickr.com/3390/3421480027_6152d8303d_t.jpg" alt="CAPITALISTS PROHIBITED" width="80" height="100" /></a> In order to drum up support for Paulson&#8217;s 700 billion dollar bailout and explain the cause of a financial crisis so dire that it inspired presidential candidate John McCain to suspend his campaign, president Bush addressed the nation the other night. What he said was shocking.</p>
<p>The man who has been the puppet of the free market (aka de-regulated cronyism), neo-con agenda stood in front of a camera in the east wing of the White House during prime time and said that the free market economy was broken. Broken? Really? (It took you this long to notice?)</p>
<p>&#8220;It&#8217;s the nature of a stream to flow when there is nothing blocking it,&#8221; says the koanish theory of trickle down economics. After eight years of de-regulation, the economy should be a raging torrent, no? Every American should be swimming in piles of money like Scrooge McDuck by now.</p>
<p>Instead of being inundated with wealth, the average American is swimming in debt. How did this happen? To answer this question it is necessary to venture briefly into the realm of philosophy.</p>
<p>What is Capitalism? This is the first question we have to ask. The simple answer is that Capitalism is the effort to transform resource into capital. Heidegger suggests that the western mind is compelled to this action by Enframing. In simple terms Enframing is the compulsion to turn everything into a standing reserve. Forests become lumber, rivers become hydroelectric power, oceans become the industries of fishing and drilling. The end of this compulsion is to turn human beings and finally <em>Being</em> into standing reserve. Oblivion is the result of realizing the standing reserve. So says Heidegger anyway.</p>
<p>This is what we have seen play out in the last 80 years of American Capitalism. It is no accident that Black Tuesday (October 29, 1929) and the Great Depression came at the end of eight years of economic de-regulation by Harding and Coolidge. The cliff note version is that speculation on stocks and buying on margin falsely inflated the stock market creating a hyperreal state of economy. The bubble burst in 1929 as America got a real taste of the fruits of a trickle down economy.</p>
<p>The American dream, manifest destiny, life, liberty, and the pursuit of happiness&#8211;they all hang on an idea. That the the vast wilderness and natural resource that became the United States of America could never be tapped out. Looking west from the Mississippi, who would thought that the land could be tamed? American Capitalism has as its fundament the tacit promise that the resources of this land are a well of bottomless prosperity.</p>
<p>But who could have forseen the rates of our consumption? So, when Capitalism began to run low on the resources of the land, it turned its attention to human resources. The twentieth century saw Americans turned into a standing reserve as debt.</p>
<p>Finally, we are witnessing the unraveling of the Capitalist economy as investors work to transform capital itself into a standing reserve, creating an economic system that sustains itself almost completely in the realm of the hyperreal. By generating the transaction of &#8216;real&#8217; economy on speculation, we discover the full and final realization of the lie that founds Capitalism: infinite resource.</p>
<p>American Capitalism is dead. Cheap oil, foreign investors, and American debt has kept it on life support since World War II. As the president said in his address, the free market is broken. What comes next?</p>
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