Volatility

August 3, 2018

How the Supply-Driven Economic Society Works

Filed under: Dance of Death, Globalization, Mainstream Media — Tags: , — Russell Bangs @ 3:58 am

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How the economic society works. This describes all societies based on productionism, which means all of modern civilization.
 
1. Get subsidies to build a factory and to destroy parts of the Earth by extracting “resources” and/or spewing poison.
 
Meanwhile productionist-consumerist indoctrination begins early in childhood and never lets up. The supplementary propaganda also begins early and never lets up. (It’s telling how relentlessly the dose needs to be repeated to keep humans within this mindset. That’s strong evidence that none of this is a major part of human nature.)
 
2. Overproduce. Destroy parts of the Earth with pollution.
 
3. Launch a propaganda campaign (i.e. advertising) to convince consumers that they need and want the thing you overproduce.
 
4. Use the revenue to further concentrate your wealth and power.
 
5. Use this wealth and power to lobby for further subsidies, to destroy more earthly “resources” and build more factories, to overproduce more, and to directly destroy parts of the Earth purely for the sake of destruction.
 
 
I can’t think of any aspect of the economic society, any corporate sector, which isn’t summed up here.
 
 
 
 
 
 
 

3 Comments

  1. So every sector of the economy began with government subsidies? When you begin with a blanket statement like that and then offer nothing to back it up, why would anyone believe anything after that?

    Comment by christopherowenblog — August 3, 2018 @ 8:09 am

  2. I didn’t say anything about how it began. The post isn’t about that. It’s about how things are now and have been since corporate industrialism really got rolling. As for backing it up, I’ve only written hundreds of analytical pieces on the subject, citing hundreds of examples, over the years. Now it’s time to draw conclusions and assert them as potently as I can, and I will do that.

    Of course if you have a counter-example to claim, by all means do so. I would’ve thought you’d do that right away if you think I’m wrong.

    As for how it originated, I wrote about parts of this history in the pieces assembled here, and many others.

    https://attempter.wordpress.com/series-on-corporatism/

    https://attempter.wordpress.com/series-on-federalism-and-the-constitution/

    https://attempter.wordpress.com/series-on-neoliberalism/

    Comment by Russell Bangs — August 3, 2018 @ 8:25 am

  3. Well it is a rather depressing but accurate assessment of how our modern economy works.

    Comment by molecule77 — August 3, 2018 @ 12:35 pm


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