Caught in the trap of life, man is moved by a field of attraction determined by a flash point where solid forms are destroyed, where the various objects that constitute the world are consumed as in a furnace of light. -- Georges BatailleI've been thinking about the good Reverend Earwhigger's emphasis on the consumer as key to solving the present crisis (see previous post) -- but I've come up with a solution very different from what he's proposed. (He shouldn't feel badly, however. He was my inspiration!)
It seems to me that what we need from the consumer is not a boycott (see previous post), but the exact opposite, i.e. exactly what the Gods of Capitalism created the consumer to achieve: consumption. Mass consumption. The consumption of mass quantities. In other words (the words of Bataille): Expenditure Without Reserve!
Did you watch 60 Minutes recently? I'm thinking of the segment hosted by the ever-lovely, ever wise Lesley Stahl, the one on truffles. Did you know that a single meal featuring truffles in a top French restaurant can cost $1,000 or more? So why not go for it? Grab that credit card, hop a flight to Paris, preferably First Class, make your dinner reservation, enjoy your meal, and be sure to spend the rest of your stay in a first class hotel.
Why, you say? Well, let's face it, the world economy is due for a total collapse, but the powers that be are doing everything in their power to delay the inevitable. Meanwhile, since the only arrow in their quivering quiver is spelled "austerity," it seems that their solution is to squeeze every last drop of blood from the 99% in order to protect the vast wealth of the 1%. If things continue along such lines for very much longer (and it looks like they will), then all us ordinary folk, workers, middle class, professionals, ne'er do wells, always do wells, under achievers, over achievers, college grads (with huge debt loads) and high school dropouts (with huge families) alike, will be forced into bankruptcy -- or worse (if you've racked up student debts they won't let you go bankrupt, you'll become their slave).
The longer they kick the can down the road to preserve the "economy" for the banks and the super-rich, the worse it's going to get for the rest of us. So what is needed, if we want to survive, is some strategy to force their hand, i.e., to bring the whole absurd mess down around their necks, Sampson style, as soon as humanly possible. Only then will the spell of the Plutogarchs be broken; only then will society be free to pick up the pieces, recognizing that what is important is not money, but resources, both natural and human, managed by true representatives of the people, not the super-wealthy and their minions, whose wealth will have evaporated into thin air once the money mirage concocted exclusively for their own benefit and at our expense has lifted.
So, who will be our Sampson? In some past posts, I've nominated the workers, and I still think a united international movement of organized workers, aided and abetted by sympathizers among the middle class, professionals, students, etc., could achieve a great deal. However, the Reverend H.C. Earwhigger ridiculed that idea as hopelessly outdated and perhaps he's right. For him, it is the consumer who is all powerful. And I have to admit that on reflection there is definitely some truth in that. But a consumer boycott won't work, because for one thing consumption is already down and for another, consumer boycotts are effective only when very precisely targeted, which means they can only have a very limited effect.
Nevertheless, there IS something we consumers can do to trash the "economy" and I'm not sure why I never thought of that before. What has brought our financial system to the brink of disaster has been reckless borrowing. And because we borrowed so much we are now very cautious about how much we spend and are reluctant to borrow much more. Nevertheless, because the powers that be are now in panic mode and not thinking straight, it is now actually almost as easy to borrow today as it ever was. Just check out those automobile commercials. No money down, easy terms, easy credit no problem. Same with mortgages, which are now selling for the lowest interest rates in history. Same with credit card debt, student debt, etc.
So, we now have it within our power to resume the same destructive process that blew the last bubble, only this time, if we really gird our loins and try, we can blow the damned thing up literally to kingdom come. It will, of course, take organization. Don't try this at home folks, until you're sure you won't be alone. It will require the mobilization of consumers on a vast scale, for sure, in every corner of the world where credit is easily available (in other words, just about everywhere).
Once we are organized, then hold onto your hats. We'll start buying everything in sight, en masse. Need a new car? Why settle for a Ford or Chevy when you can buy an Audi, BMW, or better yet, a Mercedes or Cadillac? Already own a house? Why not buy a summer place, preferably in the Hamptons? Think you can't get the loan? Well think again. The "market," especially the housing market, but also the automobile market, is as starved for attention as a teen age delinquent. Get out that credit card and if that isn't enough, head for your local bank. If they turn you down, try another, I can almost guarantee you'll find some bank eager to loan you just about whatever you want.
Students, don't be shy. Step right up to that admissions office and sign yourself up for the biggest student loan you can get, preferably for the full four years, and at the most expensive Ivy League school that will take you. They'll be down on their knees with gratitude, because a great many of these hallowed institutions are now in deep deep trouble.
If millions of us go on a spree all at once, all at the same time, borrowing to the hilt and buying whatever we damn please, spending like crazy and without reserve, we can send that bubble soaring into the stratosphere. All it will take will be a tiny pea from the tiniest pea shooter you can imagine to bring it down. And all the King's horses and all the King's men will NOT be able to put that damned phoney baloney "economy" together again.