May 05, 2005

Chanting Down Babylon?

Are the Rastafarian’s succeeding in chanting down Babylon for all its wickedness? Of course, Babylon is the metaphoric name given to the land where the lost tribes of African slaves were brought into captivity and the evil motivation for it. Ras Tafari’s have always predicted the collapse of Babylon, whose modern capitals are in the USA and England.

The truth is that Babylon is indeed collapsing under the weight of its own success. The phenomenon is akin to attempting to build a skyscraper from stone. As the structure reaches new heights… the weight and downward force upon the lower foundation will lead to the foundation crumbling under the pressure. Of course, when the foundation crumbles, the structure is doomed for collapse. Architects, therefore, need to be cognizant of the laws of physics and the constraint it places on how high a stone structure can be built before it collapses from achieving height.

Capitalism is like a stone Skyscraper where architects and builders are more concerned with achieving height and growth, than the the physics that should constrain height and growth to support structural integrity and sustainability. Instead of measuring growth and success in floors and height, capitalism measures growth in terms of Gross Domestic Product (GDP) and as long as GDP is increasing, the project is thought to be going well. In Babylon today, GDP and the stock market are the primary indicators of wealth and hence health of the nation and its people. As often stated as the reason people vote one way or anther: “It’s the economy…Stupid”. How many floors have been added under the current Nebuchadnezzar? It does not matter that part and parcel to this growth is moral decline and the lessening in importance of religion, family and other.

The ignored physics of capitalism is the correlations between success and energy consumption. All movement requires an energy source. Thus, the success of the action verbs of production and consumption, endemic in degree to capitalism, requires massive amounts of energy to fuel the movements of production and consumption in producing its great GDP and wealth. The problem here is that the fossil fuel that provides the energy prerequisite is finite. Consequently, as new heights of production and consumption are reached, the corollary is proportional new lows in finite fossil fuel supplies. Eventually a point of diminishing returns will be reached, which is also the point that collapse begin. Hence, the curse of capitalism is its success and the blessing of less productive systems is its failures, relative to finite energy supplies. In short, there is a correlation between wealth and energy consumption and rates of depletion. Hence, there is a correlation between capitalism ability to produce wealth and the depletion of fossil fuel energy.

There are already signs that Babylon’s most productive economy is in trouble. The accelerator and brakes of our economic vehicle are monetary and fiscal policy, mainly monetary though. When GDP is sluggish or recessionary, the FED attempts to accelerate growth by reducing the price to borrow money, which infuses more money (fiat money) into the system, stimulating economic activity. This is usually followed by the less effective fiscal policy of cutting taxes. Together, historically, when these two actions are taken, the economy picks up steam. However, in the current practice of this policy, the economy is still sputtering and staling after several years of implementing accelerating measures.

An ominous indicator for the economy is that interest rates are rising while rates of GDP growth indicate that the economy has not fully recovered from the recession. The constraining of bank lending, the resultant of interest rate hikes, is what brought about the last great depression, by bringing about the collapse of the stock market, whose performance is greatly correlated with FED FUND activity. Usually interest rates must rise to fight off inflation or the devaluation of currency. The biggest influence on inflation, besides theoretical full employment, is energy prices. The secular (long term) trend in oil (primary fuel of capitalism production and consumption) prices is radical prices increases, due to increased demand and shrinking supplies. Note that the price of a barrel of oil has dropped ONLY because of the slow down in the US economy (the largest consumer), has reduced demand creating an inventory sold off by reduction in price.

Other tale tales signs of foreboding can be gleaned from the activity and policies of the advocates for the elites, which is the Republican Party. The changing of Bankruptcy law is designed to help protect creditors in the upcoming economic crisis. The proposal of private accounts for SS is more aimed at having a new infusion of cash into the stock market, in order to help prevent its negative reaction and selling that will result from rising interest inflation and interest rates. Preventing the collapse of the stock market is a key to preventing a collapse in the economy and depression. Finally, only a zealous political patriot of the right cannot see the link between our military actions and Oil. Whoever controls the Oil will have the fate of nations in their hand in the near future, during the era of diminishing returns. The US is positioning itself to have control, via proxy, of largest areas of know reserves, given the growth and demand of China and India and other rising economies.

Many people have their heads stuck in the sand or consumed by politics of left and right, will they ignore the consequences and tradeoffs of capitalism that has subtracted from the future in order to maximize production and consumption in the present.

I and I build a cabin
I and I plant the corn
Didn't my people before me Slave for this country
Now you look me with a scorn
Then you eat up all my corn

We gonna chase those crazy baldheads
Chase them crazy
Chase those crazy baldheads out of town

Build your penitentiary, we build your schools
Brainwash education to make us the fools
Hate is your reward for our love
Telling us of your God above

Here comes the conman
Coming with his con plan
We won't take no bribe, we got stay alive

We gonna chase those crazy
Chase those crazy baldheads
Chase those crazy baldheads out of town

-Bob Marley


At 12:57 PM, Blogger Constructive Feedback said...

Yawn, Yawn, Yawn, Yawn.

I marvel at how you can only look at one side to see the harm that is being caused, as you say.

Please come off of it Noah - you want America to fall in some spirit of retribution. Please state this publicly.

At this point you will also see that the abstraction that you currenlty live in will be shattered.

At 9:08 PM, Blogger Noah TA said...

You marvel at nothing, Renaldo, but hearing yourself pontificate and your role as a champion contrarian due to your addiction to debate.

What I am actually attempting to do is warn people, particularly black people, to prepare and position ourselves for this economic inevitability. The fact one seeks to create life, via childbirth, does not therefore mean that they seek to create death. However, death is indeed a consequence of birth. The fact that I point to the entropy of capitalism and America’s economic zenith is simply the natural consequence of its birth and existence. Existence is a cycle and the cycle of capitalism is about to hit a valley after peaking from years of plentiful and cheap supply of energy.

At 9:24 PM, Anonymous Anonymous said...

Don't worry about it Bombs. I don't know if you've noticed but the traffic on this site has really dropped off....

These guys really don't have anything to say that hasn't already been said better by dead black leaders and other failed pseudo-revolutionaries.

They're in that reactionary stage where they've just come into their black consciousness. It's cute really...


At 9:57 PM, Blogger Faheem said...

-Gip it is interesting that you are monitoring our traffic but yet you are still here. What we are saying is good enough to get your attention and ire so we are doing something right. Do you have anything to say about what has been written or do you want to continue having side bars.

At 4:32 PM, Blogger NmagiNATE said...

It's funny how the Blog Monitors like -Gip always have little quips but when it comes to actually making substantive remarks and engaging in substantive debate/discussion they come up lacking -- ill equipped.

As far as the topic or rather on Renaldo's comments, I wonder what we should assume about Renaldo's disposition as far as how he views the US and the challenges our country will faces.

I mean, if he can just assume that Noah "wants America to fall" due to Noah's desire for some measure of revenge or retribution to be exacted on the US... I wonder if it's safe to assume something about Renaldo.

I recall a piece on his blog were he celebrated the fact that his son (if not both him and his son) got a haircut in a mall, I believe, in a more or less White salon. From that he jumped to conclusion that we've come a long way in race-relations as if racism is now insignificant or something.

He can correct me when and where I'm wrong but from that it seems as if his view of America is rather Polly Ann-ish.

It would seem Noah's focus on the impending changes our country is headed for is something that needs a lot more attention from whatever perspective. It's pretty ironic how a focus on the future and the possible negatives that await us is criticized in the fashion Renaldo has done here. It would seem like nothing but ideological pettiness, if you ask me. Had Noah talked about aspects of American History, racism or what-have-you, he would have been assailed for dwelling on the past.

What's really funny considering -Gip's comments is that its Noah, not Renaldo or -Gip who's offering a forward-thinking perspective.

But I digress...

At 5:43 PM, Blogger Ubermilf said...

I read a really good book called "The High Price of Materialism". Mostly, it's about how greed and materialism can be considered mental illness, since it was written by a psychologist. But one chapter supports your "Tower of Babel" analogy for what's going on today.

Materialists go for the quickest, easiest gain. Using forestry as a simple example, they would deplete a forest without replanting it, thus getting an immediate reward buy ultimately losing out in the long run.

I am a white, middle-class American woman who is in 100 percent agreement with you. I don't pretend to know what it's like to be a person of color, but I do know how an abuser acts. An abuser wants to deny what he's done, or downplay the effects. To me, that's what white people are doing with slavery and racism. They don't want to admit the horrible things that were done, so they deny culpability.

My ancestors did not arrive in this country until well after the Civil War. We did not have slaves, nor were we wealthy people. However, it has not escaped my attention that were it not for racism, my people would have been the downtrodden. Instead, people of color had to bear that burden for me. I try to think of ways to help, but all I can think of right now is to raise my children without bigotry.

I bid you peace and well wishes.


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