Saturday, July 04, 2015

poetic opportunity

I define poetic opportunity as the moment in which the regular course of the world, that mechanism of objects and words, grinds to a sudden halt before an abyss of meaning, which it jumps over so quickly that you might not even think the ground had opened at your feet and you had almost drowned on dry land. This brief, symbolic crack in the order of things is, normally, normalized, shaken off, forgotten or explained. The idea that the world is working behind our back – a figure of speech that doesn’t quite logically work, as the world includes our back, brain and breath, but I will let it go for now – can lead to ecstasy, paranoia or breakdown, but mostly it just leads to irritation and a passing moodiness.
Sometimes it even leads to poetry. But not very often.
For instance – I’ve been mulling over some material presented to me by Adam. We’ve made it a habit, Adam and I, to walk up the street here in Montpellier, past the roadwork and, after a brief stop at the boulanger to buy a croissant, all the way up to the old College of Medicine. The portal to the College of Medicine is guarded on either side by two statues of eminent members of the Montpellier school of physiognomy from the 18th century. The statues are bronze, and look like they were created in the 19th century. Certainly they are more than a century old. During the time the two doctors – Lapeyronie and Barthez – have sat there, generations of pigeons have shit on them. In consequence, their faces are marked by traces of oxidation. Adam recognized those traces as tears, and decided that the statues are crying.  When Adam cries, people around him say, calm down. So Adam’s response to these two statues – which he likes, he sometimes asks me when we are going to see the statues – is to tell them to calm down.
I surely should be able to make something out of this scene – this pint sized Californian with the blond hair looking up at the statues, each of which are around ten feet high, and telling them to calm down.

But it is hot. The cicadas in the trees are incessant. The mosquitos are a nuisance. I want a gin and tonic. With a lot of ice. And the occasion escapes me. 

Wednesday, July 01, 2015

burning Greece

One would need the heart of an economist not to find the ECB’s dealings with Greece cruel and irrational beyond measure. And one would need the eye of an anthropologist to see how this outburst of elite irrationality connects up with other such outbursts that run in a series through Europe’s history. The troika reminds me, in its infinite causuistry, its moral outrage, and the endless punishments that it metes out, of the various commissions to investigate witchcraft that darken the pages of the history of the sixteenth and seventeenth century. One of the most famous was lead by Pierre de Lancre, Montaigne’s relative – he married the granddaughter of Montaigne’s uncle and the president of the parliament of Bordeaux, who in 1608 ventured with other grave worthies into the land of Satan which, according to credible report, had been conquering the women of Labourd in Southern France. The expedition was accompanied, it was once thought, by a holocaust of thousands of burnings. Historians now think that these moderates, these 17th century centrists, did things the way centrists do: they only burned a few dozen women, and then wrote laborious screeds justifying their actions.  What distinguishes Lancre is that he was justly proud of his relation to Montaigne and was a pure product of the humanist culture of Southwest France. Montaigne’s own opinions on witchcraft are, like all his opinions, an involved and dialogical affair, but he certainly comes out against the persecution of witches on the ground that the witch itself is a figure invented by the theorists of witchcraft: “C’est mettre ces conjectures a bien haut pris que d’en faire cuire un homme tout vif.”
A phrase that should haunt Europe now, while we watch a whole country being put to the stake in support of economic conjectures that were first proposed before there was any grasp of the business cycle, and are now being forced down the throats of entire populations because their elites are either complicit or afraid to act.
Vox EU, which is usually a site devoted to the reactionary maunderings of economists in thrall to neoliberalism, published an unusually blistering analysis of the ECB’s usurpation of state power and its expulsion of Greece from the European Union – which is, beneath the rhetoric, what is happening here.Written by Charles Wyplosz,   the heart of the article is in this to my mind unanswerable graf:
Why did the ECB freeze its Emergency Liquidity Assistance (ELA) to Greece? The ECB will undoubtedly come up with all sorts of legal justifications. Whether true or not, this will not change the outcome.
If the ECB is truly legally bound to stop ELA, this means that the Eurozone architecture is deeply flawed.
·        If not, the ECB will have made a political decision of historical importance.
Either way, this is a disastrous step.
Whether it likes it or not, every central bank is a lender of last resort to commercial banks.
·        By not keeping the Greek banking system afloat, the ECB is failing on a core responsibility.


Surely the EU will never be the same. Either the strong European states – such as France - will reign in the ECB, or the EU will become a shell – and the quicker that happens, given the superstitions of the elites running Europe, the better. 

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