12/19/2008

Myth: Amerikan consumer debt is piling up.

Under capitalism, debt is actually a sign of the ability to pay as recognized by banks. Wealthier people have more debts. What is important is the net worth and physical standard of living. Even if credit card companies do make more money than ever, it does not prove anything unless the physical living standard, consumption of actual commodities declines and there is no proof of that.

Anxieties concerning debt are real, but most such concerns are bourgeois anxieties, the same ones Donald Trump has to have. Third World debts are smaller relatively speaking, but have a real effect on real proletarians.
In the Nazi worldview the superior being was a predator. This supposed recognition of "Nature's laws" is just capitalist culture with a biological wrapper. In life it isn't true. The lofty eagle isn't any more successful than mom sparrow. If anything, less so. If survival and dominance were everything, cockroaches might get olympic gold. Ecology is endless diversity, unending change, and development and interdependency of life forms that is complex beyond Man the Manager.
Political liberalism is pressed into service when a contradiction between oppressor and oppressed starts to percolate. If the contradiction itself is not too fundamental and the percolation has only just begun, then liberalism can maybe handle it. “Handling” here means doing just enough to simmer the percolation so the lid stays put while fending off those who might turn up the heat, and in the end doing nothing much of anything at all to change the oppressor-oppressed relationship. To this end, for instance, liberalism is equipped to, say, talk a good game while doing nothing. It’s that kind of oppressor’s tool.