Archive for June 6th, 2015

Exit Options

Everyone will notice them when they’ve gone.

All recent policy decisions by the reigning political-economic structure are intelligible as a mandatory bubble. If you didn’t think quietly ‘sitting it out’ was already the exercise of an exit option, the necessary lesson will be increasingly hard to ignore. Refusing to invest everything into this lunacy is ceasing to be a permissible social posture. We’ve already reached the stage where merely seeking to preserve a pot of retirement savings has been officially recoded as something close to right-wing guerrilla warfare.

Anybody with anything at all is now in the position where they are faced with an aggressive binary dilemma. Either unreserved collaboration with the final phase gamble of the existing order — amounting ultimately to the all-in bet that politics has no ontological limits, so that any dysfunction is soluble in a sufficient exertion of will — or a dissident skepticism about this dominant assertion, practically instantiated by ever more desperate attempts at withdrawal (persecuted with ever greater fanaticism as acts of sabotage).

There will be massive confusion among the destitution. Explaining why capital preservation is being persecuted as dissent would provide the scaffolding for a counter-narrative that will certainly, eventually, be needed.

ADDED: The basic point is this, if it is conceded to Keynes that refusing to invest in industrial production is anti-social, then, as a matter of realistic political necessity, any insane evil that the powers-that-be come up with gets defined as ‘industrial production’. Let go of gold — the archaic economic exit option — as we did, and anything at all that we’re told to sink all we have into is green-lighted. The stream was crossed without enough people noticing. Now the fascism we chose reaps its consequences. It isn’t going to be pretty.

June 6, 2015admin 40 Comments »
FILED UNDER :Political economy