You may or may not know that I was his private doctor, and I had several opportunities to discuss many issues on life, that were relevant to his life and that of the life of our community.
What became clear very early on was that he was mourning the diminution of our liberating communal spirituality by an enslaving materialistic religiosity, that had captured our political and economic systems of good governance and had created histories and legacies of mental enslavement of our people, still yet unseen.
In this light, I am going to take a deep history and deep heritage approach, to show from whence we came and to whither bound, to show how we can make the Great Turn to transform all of the rules of our social engagements so that they can uplift us to the highest heights and not lead us downtrodden to the lowest-lows.
Sir Probyn had pride of place of Brimstone Hill in his heart, for it manifested the unbreakable spirit in the hearts and minds and backs and hands and feet of the slaves who built it, as manifested in their superb craftsmanship.
For him this was proof of principle that no matter how diabolic the times were, THAT spirit could never have been extinguished and can NOW be tapped into as a source of transformation that guides our thoughts, feelings and actions, individually and collectively, in comprehensively inclusive and imaginatively creative life-enabling ways.
The 2008 financial crisis spread from Wall Street to the world almost overnight, threatening the lives and livelihoods of millions, even though its causes had nothing to do with the production and distribution of any of the basic necessities of life. Instead, the crisis erupted because the financial system had become unhinged from its real function: supplying credit to productive enterprises. Finance capital increasingly made its money from complex “derivatives,” which are not claims on a company’s proﬁt (as shares are) but on debts packaged and sold as investments. Immense profits were made, which provided the incentive to create more derivatives, causing debts to be piled on debts, all sold with guaranteed returns. Many of these derivatives involved American mortgages. Since these were backed by a physical asset (the house), they were advertised to institutional investors as highly secure, but the models assumed that housing prices would continue to rise. As it turned out, the housing market was a bad-mortgage fuelled bubble. When it burst, the “mortgage backed securities” became worthless, and banks from Athens to Iceland collapsed. Instead of having to foot the bill for their recklessness and greed, major banks were bailed out with hundreds of billions of dollars of public money. Workers lost their jobs, housings, and savings; Wall Street bankers paid themselves bonuses for the greatest failure of the financial system since 1929.
On August 21st, 2018, I was invited on Dwyer Astaphan’s Operation Rescue Radio Talkshow on Winn FM 98.9 to discuss a wide range of issues that deal with the health of individuals and society.
The Cancer Stage of Capitalism is a modern classic of critical philosophy and political economy, renowned for its depth and comprehensive research. It provides a step by step diagnosis of the continuing economic collapse in the US and Europe and has had an enormous influence on new visions of economic alternatives.
John McMurtry argues that our world disorder of unending crises is the predictable result of a cancerous economic system multiplying out of all control and destroying ecological, social and organic life – a process he describes as ‘global ecogenocide’. In this updated edition he explains the ‘social immune response’ required to fight the ‘macro cancer’, something which has already been shown in developments such as the Occupy movement and the democratic social transformation of Latin America.
In an official global culture increasingly destructive of life, this book shows the necessity and possibility of building a sustainable society based on a universal commitment to life and nature.
Elinor Ostrom’s 8 polycentric, subsidiarity, hierarchical, coherently-inclusive rule-making and governance-principles can be life-grounded and connected to planetary and population health via life-value guided-principles and strategies as illustrated here.
In my search for understanding of why life-capital at the planetary and social levels of life organisation are being spoiled and deprived while money-capital in terms of the money indices like the global GDP and stock markets continue to increase over time, I am beginning to believe that we have a global corrupt system in which public… Read More
The race to the bottom is a socio-economic phrase which is used to describe government deregulation of the business environment or taxes in order to attract or retain economic activity in their jurisdictions. An outcome of globalization and free trade, the phenomenon may occur when competition increases between geographic areas over a particular sector of… Read More
“Natural capital’ is an understandable attempt to put a value on our living planet and all the services it provides for us, writes John McMurtry. But it fails by measuring nature in dollars and cents. We need to develop a new concept of ‘life capital’ that must be preserved from exploitation and degradation no matter… Read More
What we need to do now is heal the wounds of this life-destructive operating system at all levels, and rebase our global reserve money system on life-capital sequencing. This would help us to transition from a system where self-preservation based on petrodollar recycling supremacy or national security trumps (pardon the pun) life-capital recycling or global security. All of our trade deals and wealth management exercises and rules of engagement can now be rebased and re-coupled on building mutual understanding, mutual respect and mutual caring for all life capital – past, present and future. This would then assist us in moving from a petrodollar recycling dictatorship and catalyse the creation of a more democratic, or better yet, a meritocratic world, where the global insecurity of the world no longer exists, and the raison d’être for 1) wars, be it on drugs, cancer, obesity, and terrorism, and 2) inequality-creating wealth management strategies need never rear their ugly heads again.