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Monthly Archives: October 2013

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As I write, October 16th, 2013, the grand Kabuki drama of the nation rises to one of its cyclical peaks as the structural weaknesses of our Constitution come into synchronicity. In the next day or two this media orchestrated minuet will play out,  with a temporary collapse of the Tea-Party Republican extremist’s efforts to block so-called Obamacare, claiming the real concern is the Federal deficit, by threatening to defund the government, though most of the same people blithely upped the deficit, slashed taxes, and started two fraudulent wars without a care during the reign of George W. Bush – as VP Cheney famously said way back then, “Deficits don’t matter.”  But today, with a black man in the White House, they matter, if only as a rhetorical weapon-of-the-moment.  Or, instead, this dance may see the little hard-core of Tea Party Representatives willing and able to risk a global financial melt-down as the rigged “reserve currency” of the post-World War II era runs aground on the fractured politics of the nation which prints those famous old Greenbacks, as the “exceptional” USA defaults on its debts.  This in turn will accelerate the process where the great sloshing of globalized, unaccountable wealth is shifting its currency into what those with it imagine to be safer forms than silly old abstractions, like money.  Instead they buy “art” or real estate in places like London, New York, Abu Dubai, and other enclaves of the increasingly “only rich welcome” sanctuaries.

[Note: barring some last minute glitch, it appears the Republicans have blinked, and our grand Kabuki drama will carry on, with another riveting crisis being revved up off-stage at this very moment.]

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rothko1_2214608aMark Rothko painting, sold for $86,882,500koons01_Jeff Koons work sold for $33,682,500

A Rothko painting is composed of a thin sheet of canvas, and some thin layers of paint, and a wooden frame.  Materially it is both easily degraded (the red tones in this work are especially vulnerable to fading), or destroyed.  Materially it is worth perhaps $100.   Clearly what is being bought is something else – either the experience of looking at it, or, the assumption that its investment value in terms of money will increase faster, say, than the value of stocks, or interest from loaning the money.   While the Koons work is materially more substantial, the money to purchase it was animated by the same assumption: that the “art” aspect would multiply its “value” more rapidly than other investments.  In both cases, the reality is that, exactly as is the case with “money,” what is being assumed is that a social agreement that something “abstract” has material value.  Money, whether “represented” with things like gold or silver (chosen long ago because they do not readily oxidize and change their atomic structure), or paper, is in effect a social contract, one which says X currency is worth X material something.  When I was young a cup of (bad in the USA) coffee cost 5 cents.  Today in most cafes a cup of perhaps good coffee would run $3 or so. You can do the math on the inflation and figure out that the social contract regarding the numbers shifted terms rather drastically in my life-time.   In a similar way the social contract in America – between Americans – has also drastically changed.

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Two years ago Occupy Wall Street materialized, and shifted our political dialog sharply:  the phrases “we are the 99%” and its corollary, “the 1%” emerged from decades of suffocation with barbs about “class war.”  OWS was initially ignored by the press, and then briefly given coverage as it spawned across the country.  At the same moment the NSA, CIA and FBI, in a Federally coordinated effort, collaborated with local police departments to heavily clamp down and as best they could, destroy this movement.  But the cat had been let out of the bag and a broad social awareness of the ever increasing disparities regarding the grossly tilted distribution of wealth, topics which are now almost everyday conversation, and around which our thoroughly corrupted politicians must dance, had been birthed.  Hence today’s minuet, which, as I write, appears headed towards an absurd “settlement” of kicking the can down the road 4 months.  And behind the curtains, cynic that I am, I can see the next act in this American theater of the Absurd:  in the coming months, as the Congress sits down to “seriously” decide on the Nation’s budget for the coming years, decade, whatever they say, in a signal of his “flexibility” President Obama will agree to cutting Social Security costs, cutting Medicare and Medicaid costs, and doubtless many other things.  However our sacrosanct military, and its burgeoning adjunct of the vast security state which has blossomed since 9/11, will not be touched.  And perhaps, as a signal of its reasonableness the counter-party will admit to some tiny tax here or there, though preferably it would be along the line of a VAT, “so we can all share the burden.”  Bets?

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But, just in case the dog and pony show in the District of Columbia doesn’t provide enough sleight-of-hand to duly befuddle the citizenry, we can always count on mass media circus to do the job.

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As this scenario has essentially been going on since we started, at the very outset anointing ourselves as “exceptional” and telling whatever untruths were necessary to support our illusion, beginning with our blatant theft of an entire continent from its inhabitants under the ironclad law that “might makes right” – after all, what were “they” doing with all this except wasting its values?  And on through a founding document which asserted that “all men are created equal” which was written by wealthy men who owned slaves, and whose document actually only considered white male landowners as “men” and on through the rest of our sordid mountain of self-delusions, which we must confront every day, and which confound our politics and society as they historically always have.  To untangle this mess of contradictions is certainly more than our institutions can cope with, which as the stresses of these days indicate, will lead to a breaking up of our Union, as the diverse interests and beliefs of our populace decide myth is not a good place in which to actually live.

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