Devaluing wealth and calling it capitalism


 

corporate dynamicOne of the things that makes “saving the world for plutocracy” so amusing is the fact that so many of these so-called capitalists have been devaluing their own wealth so effectively. Nowhere is this more obvious than in Australia, where being a millionaire now equates to owning half of a pretty pedestrian home.

The brilliance with which so many alleged business people have managed to increase their own overheads and decrease the value of their revenue is truly spectacular. Clutching the Big Book of Capitalist Clichés, they have managed to effectively destroy the value of their own incomes.

One of the reasons Australia can be considered as a test case for the rest of the world is that the phenomenal lack of originality in basic thinking in the capitalist class is genetic. They are the descendants of money grubbing middle class idiots, the promoters of money-mad, methamphetamine-like idiocy, and quite unable to grasp much more than grade school levels of information. Typical Western non-people, in fact.

Paul Wallis books, sydney media jam, Amazon, The Creative Process

This book is all about creative ideas. Nobody has yet died of reading it, but it’s a pretty tough call for those not familiar with working with ideas.

Like their foreign counterparts, they regurgitate this outdated pabulum as policy, ideology, and even perhaps for mating purposes. (Who knows, who cares?) Privatization in Australia has been a truly monumental exercise in raising costs. Australia in the 1950s was a country suffering from its usual levels of low capitalization, and sharing the cost of communications, energy, et cetera made sense.

At some point, however, it stopped making sense ti someone who realized you could give all these cash cows to themselves and their slug-like little friends. Obviously, if you privatize everything and then crank up the prices and overheads, it’s good business for somebody. Actually it’s good business for sellers and deal makers; for everybody else it’s certain death by degrees, according to what happens to cash flow.

Imagine a situation where in one of the richest countries in the world electricity price increases prompt a woman in a wheelchair to ask whether or not she will be able to afford to recharge her wheelchair. The result, you may ask?

A heartfelt expression by senior politicians of “the end of the age of entitlement” was the net result. Apparently legal entitlements, statutory rights, and other details are not part of this stampede to economic oblivion.

Australia’s politicians are a pretty representative group of modern politicians – Totally insular, usually several generations removed from anything vaguely resembling hardship, and absolutely brainwashed with whatever pointless dogma is being spouted by their peer groups.

Another terrible bogeyman in the form of deflation emerged during the transformation of Australia into an Easter Bunny. Interestingly, the very people who have been squeaking about market forces for at least 30 years don’t like deflation.

Quite rightly, they point out that deflation means a decrease in asset values. The maniacal increases in prices, which have exactly the same effect the minute you try and buy or sell something, however, are quite all right.

Paul Wallis books, Amazon, Dear Buckley

About Australia in the 21st century – It was going to be called Wankers Wonderland, but I thought that was too tactful. “Buckley’s chance”, in Australian slang, means “no chance”.

The fact that deflation may be reflecting the impracticability and unsustainability of prices, of course, was never mentioned. One of the richest countries in the world is now bleating (with good reason) that the next generation will simply not be able to afford to own their own homes. The related issues about insane prices for pigeon coops and a ridiculous employment market in which nobody can expect to have jobs for more than a few years at a time didn’t get a mention, either.

Like just about every other country on Earth, Australia makes a habit of having perfectly good working prosperous economic models and totally destroying those economic models. The working models are replaced with models that don’t work at all, at incredible expense, for no noticeable reason.

Like other Western countries, Australia has managed to make education as inaccessible as possible based on a ridiculous pricing structure and total lack of acknowledgement of the value of skills of any kind. This is despite a multi generational scream from the business sector for trained people. Education rip-offs, dubious service providers, and mindlessly exploding costs are now hitting the fan in the news, but everybody knew about that years ago.

If you’re getting the impression that devaluing your own wealth also involves totally destroying an economy, systematically, over decades, you’re quite right. It took a lot of effort to turn the fantastic economic boom of mid-20th century into the pathetic snivelling farce we see today.

Are we poor enough yet HYFDAY versionMinds of unfathomable mediocrity must’ve been involved in this process. Not only have the basic principles of capitalism been totally misunderstood, but even the basic mechanisms now don’t work properly. To explain – The purpose of capitalism is prosperity, not paying for 40 years of excuses for total failure by people who don’t have the professional or personal credibility to fall out of the rear end of a cockroach.

The pattern is that whatever the stated goal, the exact opposite is what will be achieved, usually far more expensively than originally projected. Public health is probably one of the best examples – For some reason it’s okay to have sick people in the workforce or carrying guns and on the roads. The more money that goes into health, the sicker the society seems to become.

People under 30 may have trouble believing that there was a time when the global society wasn’t full of rich raving lunatics, but it did actually happen. Wars were something people cared about; poverty was an issue, not a mere excuse to pretend that you give a damn about something. Slavery barely existed, pandemics were virtually eradicated, and the overall quality of life, if not spectacular, was reasonably good.

Job page 24The irony is that all this happened at a time when capitalism actually knew what it was doing. At that time, there was such a thing as actual objectivity. The future was supposed to be incredibly prosperous, better than ever, and, well, worth waiting for. This was before the built-in corruption, before the global saturation levels of organised crime, and other current hobbies.

This version of the future, following the formula above, is the exact opposite of expectations. Everything has been devalued, from basic individual lives to macroeconomic fundamentals. There are no longer any realistic expectations of significant positive achievements; this verminous version of the Middle Ages hardly qualifies as a future.

So consider the stinking, futile carcass of the modern world – Devaluation evolves into decay, and dealing with the state of decay evolves into virtual hunter gatherer survival. This is no longer a civilisation – It is a pitiful attempt at human existence with arguably the stupidest rationales ever expressed for its existence.

Having cheered you up with this merry little frolic through the obscenities, an irony – Every single thing mentioned above can be fixed very easily and quite quickly. Anyone slightly more intelligent than a bored rock should be able to figure out how.

Know anyone like that?

LOGO with Sydney Media Jam edit 300PPI