December 30, 2010

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The Moment of Convulsion (James Howard Kunstler) This is an excerpt. Read the whole thing here (via wood s lot). A lot of Americans are beaten down and discouraged these days. They've lost not only jobs, incomes, and houses, but also a sense of purpose, and perhaps faith in the essential fairness of the American venture - as the propane runs out, and families try to subsist on Froot Loops, and the re-po squad turns up to haul away the Ford F-150 Raptor. Meanwhile, in their last remaining refuge from harsh reality, TV, they glimpse the likes of Jamie Dimon, Chloe Kardashian, and Jay-Z emerging from limousines looking hopelessly bored with wealth beyond imagination. When will the folks out there move from shame and despondency to being really pissed off about the disposition of things? ... Which brings me to the subject of our own financial crisis, soon to mutate into a political crisis. There really is no "solution" to our problem of debt except to become a less affluent society. You can get there via the path of compressive deflationary depression (no money), or hyperinflation (plenty of worthless money), but the destination is the same. In the meantime we're stuck with the extremely uneven distribution of hardship and luxury. Whole classes of formerly working people face the prospect of genuine ruin while an ultra-pampered class of celebrity clowns and professional swindlers fob off with whatever's left on the national buffet table. The real politics of all this are so far from being sorted out that sheer...

Jodi Dean

Jodi Dean is a political theorist.

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