Reproduced from: https://www.scottandrew.life/media/2018/scott-andrew-gives-oral-submission-to-nz-parliament-cptpp May 17, 2018 Thank you for the time today. The big lies coming from The Money Party have become so automatic, that few notice them. This moving around of the deckchairs would be laughably absurd, if it wasn’t for our capsizing planetary condition now making rising depression, anxiety and suicide rates the new… Read More
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.
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 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.
REGAINING LIFE-BEARINGS FOR EARTH RECOVERY: THE LIFE-CAPITAL PRINCIPLES OF ECOLOGICAL ECONOMY Whatever the diagnosis, ever more people know the future of planetary life itself is increasingly at risk. But as long as the causal mechanism is not recognized, the malignant system goes on invading – from the scraped ocean bottoms to the destabilized climate and… Read More
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
Decoding the US Empire of Chaos: The Global Reversal of the Social Evolution of Humanity Reproduced from: https://www.globalresearch.ca/decoding-the-us-empire-of-chaos-the-global-reversal-of-the-social-evolution-of-humanity/5507118 The interview (transcript below) from questions with Prof. John McMurtry was conducted for the 15thAnniversary of “Geopolitika” a journal of geopolitical and cultural analysis in Belgrade which was broadcast on Radio Belgrade by the weekly show “Silen” on… Read More
Index A accountability, system lack of, ref 1, ref 2, ref 3; defined, ref 1, ref 2; by life-capital criteria, ref 1 addiction, by commodities, ref 1; as system motivator, ref 1, ref 2n; see also Big Pharma, narcotics advertising, as leading to cancer, ref 1f; logic of presuppositions, ref 1; and system incentive for… Read More