Published 2008-10-04 by John McMurtry
Science for Peace and University of Toronto Students Union Conference
Climate Catastrophe and Social Justice: Analysis and Action
October 4, Earth Sciences Building, University of Toronto
The destabilization of the world’s climate and hydrological cycles is a catastrophic effect of a more general disorder to which it is not connected — the failed global market experiment and its regulating money-value system which brings degradation and despoliation of human life and life support systems at virtually every level of life organization.
The Primary Axiom is realised in the real world by the following complete set of universal human life necessities and their defined criteria / measures of all life goods, capital and efficiency which govern any life economy, as distinguished from the dominant private money-sequencing economy called ‘capitalism’ whose financialization since John Locke is increasingly life-blind in principle.
What I hope to do in this article is to use what insights I have gained so far from my expertise as a medical specialist in terms of diagnosing and the treatment of diseases and see how far I can go in applying Professor John McMurtry’s life-value compass to the insights I have discovered along the way. I will draw heavily on my article, The Secret to a Healthy Nation – in-depth article based on presentation given at Operation Rescue’s fundraiser on October 3, 2015, and the critique of it by Prof McMurtry in The Secret to the Ill-Health of Nations.
It will come as no surprise that a recent poll indicated that economists are among the least-trusted professionals. They’ve made blundering mistakes on everything from claiming financial crises can happen to not facing the most obvious recessions.
But all that pales into insignificance when inept economists get involved in modeling climate science. A recession we can recover from, but the breakdown of our planet, we cannot.
Host Ross Ashcroft travels to Kakanomics – the leading economics festival in Norway – to talk with the renegade economist Professor Steve Keen to understand the scale of the damage that blinkered ideology has done to the future of our planet.
Table of Contents
SCIENCE AND COMPLEXITY
Problems of Simplicity
Problems of Disorganized Complexity
Problems of Organized Complexity
The Boundaries of Science
THE IMPERFECTIONS OF SCIENCE
THE EMERGING UNITY OF SCIENCE
Preliminary Ideas – Science and Complexity
Further Preliminary Ideas – The Limitations of Science
The Natural History of a Scientific Field
The Natural History of the Whole of Science
The Modern Attack on Problems of Organized Complexity
The Emerging Unity
What Must We Do? Read More
Humanity, like all other species of Earth before and with us, is evolving — and evolution, for humans as for all species, is neither predictably linear nor solely Darwinian. Earth’s nearly four billion years of evolutionary experience reveals reliable patterns that give us hope, inspiration and valuable guidance for getting ourselves through the unprecedented confluence of enormous crises in which we humans quite suddenly find ourselves. Here we see the evolutionary Big Picture, including the amazingly complex lives of our remotest bacterial ancestors, who had Earth to themselves for fully half of evolution, and much of whose experience we seem to be mirroring now. They engaged in hostilities, generated global crises of hunger and pollution as great as ours today, and solved them without benefit of brain! Along the way they invented electric motors, atomic piles and the first World Wide Web of DNA exchange; then, in the greatest of all evolutionary ventures, formed cooperatives that became nucleated cells. These cooperatives were the basis for the evolution of our own hundred-trillion-celled human bodies, which role model amazingly sustainable economies. Learning from newly revealed problems and solutions in biological evolution, we too are finding out how to survive and even thrive into a better future despite — perhaps because of — our greatest challenges. That would indeed be cause for celebration.
There is a hidden war of value codes in the world today. On the one hand, there is the life code of value: Life → Means of Life → More Life (L → M of L→ L1). On the other hand, there is the money code of value: in its classical form, Money → Commodity → More Money ($ → C → $1). In its carcinogenic form, this sequence becomes: Money → More Money → More Money ($ → $1→ $2 → – $n). The latter money sequence of value is decoupled from any commitment to life function and is driven by the lending and investment cycles of banks. This paper demonstrates the carcinogenic properties of this sequence at the social level of life-organization.
The second part of the paper proposes a remedy. The first step consists in making the government-conferred privileges of banks – creating money by credit and lending others’ money stocks at compound interest – accountable to society’s life requirements. The second step consists in returning central banks to their constitutional mandate of lending to governments rather than alienating this function to private banks. The article concludes by arguing that the great obstacle to Canada’s and other countries’ economic well-being is the abdication by governments of their sovereign powers over society’s money supply, and the long cultivation of public ignorance on this ultimate issue of public policy and value decision.
Department of Philosophy
University of Guelph
Bank of Montreal Distinguished Visitor Lecture, Trent University, March 13, 1997. Read More
A standard critical view of the relationship between capitalism and religion is that religion is an ideological cover story for capitalism. Capitalism, it is contended, structures the real world. Religion conceals and sanctifies it in justifying illusions. Marx most famously pressed this view with an enlightenment epigram derived from Voltaire: “Religion is the opiate of the people.” He sought, in contrast, to scientifically lay bare the “real relations of society” underneath.
This paper will explore a deeper possibility – that the classical and neo-classical market doctrine is itself a religion, and that its “invisible hand” prescriptions regulate society’s economic relations themselves. Beneath the notice of the social sciences, I will argue, market theory and practice together depend on a core structure of presuppositions of a necessary and benevolent design which constitutes an unacknowledged religious metaphysic.
What prosperity is, where growth comes from, why markets work, and how we resolve the tension between a prosperous world and a moral one.
This incisive article by Professor John McMurtry was first published by Science for Peace and Global Research fifteen years ago in May 2003
“It is easy. All you have to do is tell the people they are being attacked, and denounce the peacemakers for lack of patriotism and exposing the country to danger.” –Hermann Goering
Genocide used to be a crime without a name. Although the most heinous of all crimes, the concept was not introduced into international language until after World War 2. Until then, military invasion and destruction of other peoples and cultures masqueraded under such slogans as progress and spreading civilisation.
The following article was part of a Science for Peace Forum and Teach-In, about How Should Canada Respond to Terrorism and War on Sunday December 9, 2001. A speech was made there by Professor of Philosophy, John McMurtry. It looks at a wider and deeper issue of totalitarianism that is creeping in, or, as McMurtry suggests, continuing in more earnest.
Philosophical reflections by John McMurtry and Martha Nussbaum are presented in this article qua projections of the capabilities approach to life that has been developing in the humanities and social sciences over the past twenty-five years. In particular, it is shown how both McMurtry and Nussbaum reveal that human life is under attack not solely because of the eco-biological collapse denounced by the world’s scientific community at its highest levels, but also in many of those socially evolved civil commons that contribute to the flourishing of life’s capabilities and, in essence, make life worth living. What is more, a common causal root is found behind this ongoing two-pronged assault upon life capabilities, that is to say, the defining search for ever-increasing profits of the global free-market economy.