*Correction: I added an additional sentence on measles below where it was originally intended, which makes the piece flow better and make more sense. Additional clarifying sentences added further down as well. Oops indeed.
This piece is meant to be read in combination with the previous conceptual sketch of the relations between creation and destruction. I'll say in advance, this one is a little rambling and unhinged. I'll continue to elaborate on these themes in time.
A previous dynamic we explored was that of the Fed engaging in ideologically self-constrained monetary policy to address a very complex and systemic problem: that of inflation, making use of the crude and imprecise tool of raising interest rates. They've largely confined themselves to this particular tool to maintain public fidelity to free market fundamentalism: "See? Hands are off!" Which is less a genuine commitment to economic freedom than an implicit kissing of the rings of the giant private financial and corporate states that actually rule the West.
This "bare minimum" approach allows the Fed to exercise its historical institutional responsibility to maintain low inflation and high employment (which is achieved on the backend with fudged data) while doing as little as possible to "crowd out" the financial industry and the concentrating corporate monopolies. What this achieves is a slight stimulus to the monopolists and their investors by further crushing labor, getting a little more juice out of that stone, while transmitting an ideological signal to their fellow hallucinators - as Aurelien deftly puts it - that something is being done.
The problem with this ever-tightening of the screws is that the beneficiaries of this process are of an ever-contracting and concentrating group of classes benefitting disproportionately from a growing mass of an increasingly emaciated general population. To take it back to the craft: if you tighten the screws, you firm up the bonds of the structure, but then past that you can overtighten, which begins to put too much pressure on the structure itself and can even weaken and crack the structure.
Another knock-on effect of this is the steady strangulation of the deeply indebted and struggling developing world, which over the course of a century (and much longer if we want to blow the discussion up) has been steadily hooked up to a predatory global financial system in order to guide the direction and extent of that world's development. Couple this with the growing protest of the member countries of this world to the dictates of organizations like the corporate controlled WTO and the IMF, and the growing mass of failed states and military disasters associated with that complex, and you have an entire supply and trade system delaminating and decoupling from the hegemonic empire benefitting the most from it. Which, we should take care to emphasize, is the very destructive process initiated and maintained by that very empire in service to its own cyclical recreation.
Now I want to turn to the ongoing disaster of the Covid pandemic and its slew of economic effects. Volumes could be written about the destruction wrought by the virus. Volumes more could be written about the destructive social and economic effects of the virus. Still more volumes could be written on the bungled response of the collective West. But countless volumes yet could be exhausted on the entire shifting arc of the Western response over time, betraying a frightening senility, loss of institutional coordination, and collapse of long term planning.
Lets start with the emergence of the virus itself. It is in the creative nature of capital to pursue constant expansion, concentration, and acceleration, so that the collective productive process is penetrating deeper and deeper into the hinterlands, increasing the risk of novel virus reservoir spillover. Through a combination of the destruction of habitat, increasing interaction of wild and domestic animal life, increasing coupling of the many species going to market, and the taking up of that mass into global rapid transit, novel viral organisms are awarded fertile grounds for evolving towards contagion and virility, and then achieving the correct biological makeup, escaping into that great, rapid moving mass of the global human population. This is largely how we've managed to field a steady stream of deadly viruses that are appearing in ever-shortening intervals.
In summary, here's something twisty for the mind to chew over for a while: the creative powers of capital unleash destructive forces which ultimately feed the creative powers of novel viruses, whose living processes entail the destruction of the living base of capital, that is, human labor.
So now we can move onto the social and economic consequences of the Covid pandemic. A weak and haphazard response (due to larger destructive processes and ensuing weakening crises taking place in the body politic) quickly gave way to organized abandonment, flooding the commons with a dangerous virus that persists as it rapidly spreads through human material and evolves.
This could be simplified into the microcosm of the dangerous processes of mining: you dig and dig and dig ever deeper and further out, chasing those veins, and then oops you puncture a water body and whoosh your tunnel is flooded and you're dead. The history of mining in the very canyon that I live is replete with disasters like these.
In the case of the pandemic, the whoosh part happens a little slower. There is now a sort of persistent atmospheric radiation in the form of a rapidly evolving virus, steadily eating into the metabolic, circulatory, and cerebral integrity of huge swathes of the population in cycles that span only a few months. This steadily makes life harder and harder on numerous levels: missing work, failing health, recurring long periods of misery, social fear, disintegrating social bonds, deteriorating consciousness and perception of daily and public life, I could go on.
This ever-present danger not only inflicts the damage described, it steadily eats away at an already badly frayed sense of public trust and legitimacy. Vaccine uptakes are at record lows, and an overexploited and abandoned populace, already wary of the medical professions and increasingly generalized scientific knowledge, are abandoning various public health measures at startling rates. So much so that the next pandemic could very well be set off due to changing internal conditions in the imperial core, as opposed to successive incursions deeper into the hinterlands. Whether they go pandemic again or not, diseases like the measles are coming back, spread through a combination of said declining vaccination rates and herd immunity, rapid transit to the neglected periphery, and social alienation and resent, which manifests as a radical libertarianism that effectively denies the existence of a public, which is a fancy way of saying parents are taking their sick-ass kids to school because who cares?
Speaking of measles, the Romans would recognize what we're talking about here. The historical consensus surrounding the Antonine Plague points to smallpox, but apparently there is growing evidence that it might have been measles (or something else). And with that plague they had their own "flooded mine problem" when soldiers possibly brought back the novel virus from conquest in the Near East. That virus, taken up into the enormous and rapid (for the time) Mediterranean trade networks, circulated deep into the Roman Empire, chewing up the Roman military and labor forces, and greatly exacerbating serious structural problems in the empire, precipitating the Crisis of the Third Century period.
Back to that Covid response arc. We witnessed the miserable haphazard public response that nevertheless tried to do something, and then we watched them realize their error of actually trying to help - which was slowing down the accumulation process and improperly empowering labor - in which they gradually walked back their inadequate mitigation measures, clawed back their provisional emergency social supports, and abandoned the populace to their fate. There is no long term horizon, or any kind of integration or coordination of public purpose: only haphazard and half-hearted reactivity, followed by a regression into apathy and self-absorption as the wreckage grows.
And now we have our own flooded mines, and laborers have dropped out of the work force in droves, either through sickness, disability, refusal, or whatever else. People don't want to work a shit job and barely scrape out a living, only to be repeatedly infected and repeatedly infect their family and so on. And so all of that commercial real estate feeding various financial speculation schemes is standing empty and tanking in value, and employers are trying to put more and more pressure on existing workers to come into the office despite the modern capabilities of remote work, and the business and financial lobbies are agitating for looser and looser pandemic protections to try to get things moving again. And the impossibility of this situation has accelerated the divestment of data collection and proper reporting, among other casualties.
We saw the aggressive variant of this in first the Afghanistan and then the Iraq wars. 9/11 hit, and blinking, a confused national security state halfheartedly smashed their way into Afghanistan, first pummeling the country with one fireworks show after another, before drowning it in cash in the hopes of making the problem go away, which it didn't, after which they got bored and smashed their way into Iraq and did exactly the same thing: blowing things up and then throwing money at private contractors and corrupt warring factions as both conflicts dragged on without resolution, eventually walking away from both bleeding ulcers without resolution, though the past certainly isn't through with them. But that is another can of worms altogether.
To close with yet another partially opened can of worms, we can also watch as the Biden administration doubles down on its complicity with the genocide of the Palestinians, shredding and lighting on fire the remnants of its own electoral base, and then doubling over and attempting to put that Humpty Dumpty back together when they realized through a haze what it was that they had done. Sorry gents, that food air drop in time for the election season ain't gonna cut it.
You hear whisperings that a lot of the administration's trouble is Biden himself: that people have tried to warn him about the consequences of supporting Israel without strings attached, and that he's personally doubled down on this. I get this image of Biden the Frontman, stumbling about on stage, accidentally kicking out the audio cables, bringing forth squalls of feedback, harshing the crowd's mellow. It would be a funny image if it was fiction, and not the actual country I live in with my fellow countrypeople.
But Biden's inability to govern also has to be traced to the DNC and the donors as essentially brokering his presidency, for starters. Not to mention the string of catastrophic US foreign policy decisions over the course of decades.
Oh, I could go on with this shit. There are no shortages of low-hanging examples to reach for at the moment. But you do have to stop somewhere.