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.
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
0.0 Capitalism and freedom is not only the title of a 1962 book by Milton Friedman playing a pivotal role in asserting worldwide the neoliberal paradigm, but also the slogan that leading statesmen, politicians and opinion-makers have been heralding in recent years, in order to justify, amongst other things, the slashing of welfare states and the invasion of foreign countries…
This study examines the system-deciding principle of economic rationality for its logical soundness and effects in global practice. Analysis demonstrates the fallacious structure of the underlying assumptions of homo economicus across theories and institutions, and explains how cumulative destruction of global economic, social, and ecological life systems follows from its life-blind mechanism. Higher-order concepts of life-capital, life-value efficiency, and life-good supply and demand are then defined to bring economic rationality into coherence with terrestrial and human life requirements. Read More
Ep 19 VIDEO PREVIEW – John McMurtry explains the immutable social imperative to flip this cancer paradigm to life-coherence and how knowledge is the secret to all human advancement. Read More
“One basis for life and another basis for science is an a-priori lie” – Karl Marx, Economic and Philosophical Manuscripts, 1845.
Marx’s Base-Superstructure Theory (BST) has long been a major object of controversy. It is deeply embedded in a monumental corpus of system-challenging analysis while secondary interpretations are deeply conflicted and rarely reliable. In general, partial takes and opposed propagandas militate against primary-source understanding. Within the last 35 years, a sea-shift of global culture to anti-foundationalist relativism has uprooted the very idea of a common base or ground.
The world is experiencing a twofold crisis. On the one hand, the global, virtualised economy is collapsing and, in its fall, it is bringing down significant sections of the real economy. On the other hand, the environmental collapse of the planet is also marching on, and there is no clear sign that this may stop soon, for the most commonly discussed paths for economic recovery seem to rely upon further spoliation of the Earth’s life support systems. In this book chapter, the reader is to encounter an account of this twofold crisis in light of the deeper axiological grounds that are causing it. To this end, the present author refers extensively to the theory of value developed by Canadian scholar John McMurtry, according to whom: “[F]inancial crises always follow from money-value delinked from real value, which has many names but no understanding of the principle at its deepest levels.”
Below are two emails I penned yesterday and disseminated which I am reproducing here (with minor spelling and grammatical corrections). Dear Colleagues: It is fitting that this be shared as I have been following Prof Werner’s work over several years and there is life-value consilience between McMurtry’s (LVOA), Galtung’s (Peace Studies), Eisler’s (Cultural Transformation… Read More
President Trump: Big Liar Going to Washington or Tribune of the People? Former Secretary of State Madeleine Albright Victoria Jane Nuland (born 1961) is the Assistant Secretary of State for European and Eurasian Affairs at the United States Department of State. Supreme court Note: The following article was written up to the November 8 presidential… Read More
Reproduced from: http://www.islandnet.com/plethora/mai/cancer.html Our social immune system is being overwhelmed by growing out-of-control money market cancer By John McMurtry [John McMurtry, professor of philosophy at the University of Guelph, uses the metaphor of modern capitalism as a cancer to describe the recent uncontrolled spread of global capitalism. Its invasive growth, he argues, threatens to break down… Read More