Nobody knows what to do with Bardella’s name.
“I’m so bored. I hate my life.” - Britney Spears
Das Langweilige ist interessant geworden, weil das Interessante angefangen hat langweilig zu werden. – Thomas Mann
"Never for money/always for love" - The Talking Heads
The fascist tactic, classically, is the pounce. The fascist strategy is to see the fragility of the political establishment, which by its nature has nourished the most shortsighted and the most cowardly in its ranks.
Le Pen is not a particularly shrewd politician, but after Macron did her the favor of dissolving the national assembly, she is reeping the benefit of the strategy of normalization: the political establishment is dissolving before her eyes. She probably can't believe her luck. One goes back to the thirties, and the way the Social Democrats went from the establishment to the concentration camp in Germany. All the while its leaders making some vain and stupid stand or another, and refusing to turn to the working class, cause they are grody.
France, as Tucholsky remarked in 1928, was characterized, much more than Germany or the UK at the time, by the fact that the past was never passed - history was in the very cries in the street.
This was a shrewd insight. And what we are seeing in France - the cluelessness of the left, the vanity of the center, the cluelessness of the right, and the desire of the extreme-right - is like many periods in the past. Marx's 18th Brumaire is still pertinent to France.
That a man as shallow and vain as Macron is trying to make this all about him just adds to the comedy. His asskissers are floating a new idea from the Great Disrupter: what if he resigned? Then he could run again for a glorious third term.
Louis Napoleon he is not. This harebrained scheme, however, might be the best way for Le Pen to take the presidency in the next year. I can see Macron trying it, although I don't think even the ever pliable constitutional council would accept it.
Watching this happen here is sad sad sad - and instructive. It happened in the UK with the Tories. The political establishments in most countries are fat, complacent, and brain-dead. We will measure just how braindead as the Socialists, under Raphael Glucksman - who, for my sins, I voted for - pull away from the only thing that can save the left from disaster - a united front.
The only happy gleam I can see, at the moment, is that the fascists in Italy, though they triumphed in the Europeans, were closely followed by a re-invigorated leftwing party. But that is thin gruel.
Welcome to the Jungle, baby.
And here 's the song link.null
Thoughts at the Denfort-Rochereau Metro Stop
I've written this too often to write it freshly, but here it is: Macron came into office as a sort of idol of the French media and establishment - he was the perfect neoliberal. Neoliberalism is not simply an economic phenomenon - it is a cultural one. It is a synthesis between the gains of the civil rights era and the dissolution of the institutions of the social democratic era. That synthesis operates to repress class struggle and promote civil rights theater - which is how some billionaire woman can become an exemplar of "feminism", while her janitor can become an exemplar of "reaction".
There are still many many undiscovered lives, undiscovered
zig-zags, that ran through the 1920s. Among them, the fabulous Maryse Choisy.
She is forgotten now, for the most part. In the U.S., as far
as I can tell, only her reportage on life in the brothels (she’d taken a job as
a manager in a famous maison close, I believe the Sphinx), A month with the
girls, has been translated. Translated in 1960. The book came out in 1929 came
out. But this is a bullet point of her life up to then:
- become one of the first women at Oxford to take away a
degree in Sanskrit
-moved to India and taught Sanskrit
- moved to Vienna to become a psychoanalyst with Freud.
Disagreed with Freud
-returned to France and became a lion tamer
- became a reporter – in the great reporter tradition. After
reporting on brothels, she went to Mount Athos and reported on monks. Closed
societies, if you will.
This is quite the life. She went on to become a novelist,
report regularly on politics and finance, get a degree in psychoanalysis in the
United States, create the psychoanalytic journal Psyche, fall under the influence of Teilhard de Chardin,
become a guru, wrote about feminism in the 1970s and voyaged to Tibet for Le
Monde to write a series of article about the Dalai Llama.
I’m especially impressed with the part where, arguing with Freud,
she returned to France and took some circus training to become a lion tamer.
Take that, Wilhelm Reich! She wrote an account of lion taming for Gringoire
(this was before Gringoire became the infamous anti-semitic porn sheet). 4 September
1931 was a coup issue for the Gringoire. A story by Marcel Ayme. A column by G.
de Pawlowski, Gaston Pawlowski, known to scifi buffs for his Voyage to the Land
of the Fourth Dimension. And Choisy’s memoire of working in a “foire menagerie”
– a traveling circus zoo.
This is how she begins (oh autofictional muses, gather
round!):
“I appeared with my legs naked, a bit of cocotterie, an
evening dress that was very low cut, in crepe Georgette. The least paw sweep
would be noticeable on my skin. My robe was a bit long. Frank Henry claimed
that I needed a train, that would go well with the supple grace of the
panthers. Me, I am of the short skirt generation. But as long as, in closing
the door behind me, I didn’t get it caught in anything. As long as, in dodging
a panther’s leap, my feet didn’t get entangled in the train, and my nose in the
sand. Panthers are like men: they’ll fall on you when you are down. As long as… I advanced three steps. Took six
steps backwards. Panther on my right. Stool on my left. “
This is the voice of a woman who is only scared of what she
chooses to be scared of. That is the thing with zigzagging – you get tired, but
you find that fear is not something that need surprise you – you can surprise
it. Scare yourself.
The zig zag life is opposed, in its very essence, to the
credentialed life. Later, when Choisy chose to become a psychoanalyst, and even
found one of the big psychoanalytic journals, she had an advantage: she’d been
breathed on by the big cats.
Oh, as a ps - I found a documentary has been made of Un mois avec des filles. HereHere.
I as a reader in
this twenty first century am bonded to the text by the lesser boredom of the
text in contrast with the greater boredom outside the text of other things to
read or even, horrors, to do. It is in the balance of boredoms that this little
superannuated smartass, this me, shares with the Zeitgeist of other readers of
newspapers and magazines and social media and even sometimes print in what used
to be called, for the yucks, the meat-osphere. Meat, humans that is, on one
side, silicon on the other.
Ennui was once the kind of thing we find in the great Mallarme line, “La chair est triste, hélas ! et j'ai lu tous les livres.”
But some say the age of all the books has passed. I don't believe it. But I do believe that ennui results from something like a reading or looking too long. The optical equipment sifts through the same content, or content that begins to seem the same, from the office job to the commute, from the same old dinner to the same old tv series. Ennui, in Paris this spring, was the weather. I
call it spring because that is the official title of this time between March
and June, but a winterish must never really left Paris for the first half of
the year. The number of days it rained was an amazing 3,000,000, 000 – or maybe
that is just what it seemed like. When I finally cast off my winter coat, about
three weeks ago, I quickly had to rethink my decision.
A. tells me that
they predict a heat wave soon. So from winter mush we will be tipped into New
Delhi hell.
The great Paris
poem about rain is Baudelaire’s fourth Spleen poem, which begins:
« Je suis comme le roi d'un pays pluvieux,
Riche, mais impuissant, jeune et pourtant très
vieux,
Qui, de ses précepteurs méprisant les courbettes,
S'ennuie avec ses chiens comme avec d'autres bêtes. »
It occurred to me
that this poem must reflect a rainy season in Paris, some time in the 1850s
when it was written. I have not found evidence for the date of the composition,
so I cannot connect it, exactly, in all of its Poe funk, with something like
our non-spring. However, it does seem like 1852 stands out as a rainy year. It
was the year that a man named Vener, who wrote little articles for Le Corsair,
the paper Baudelaire contributed to when it was called Le Corsair By
-Satan in 1847. It
was edited, then, by a man named LePoitevan, who wanted to fill it with 40 to
60 line little essayettes. He called them vade retor.
By 1852, much ink
and blood had gone under the bridge, including a revolution and a coup d’etat
which gave France another Napoleon for “emperor”. The Corsaire was still
published, and they still favored the vade retor, or what would be
called the chronicle. Among their house writers was a hardworking man named
Vener. On June 9, 1852, his little piece
was entitled: It rains. It is a clever bit of handwork, and it makes me think
of Baudelaire – Benjamin was right to see Baudelaire as both a poet and an
atmosphere, a general sensibility among writers. He begins by comparing
different types of rain to different types of government: “ – when water falss
with that monotone regularity that tells us that the whole sky is taken; it is
like a bad government; one sadly awaits, with pain, without hope, for a near
end; it seems like it will continue forever.”
Vener makes the
rain the subject of the article that is not the article he should be writing –
he should be writing “reflections on the budget, on Belgium, on the Empire, on
the new state of France; impossible! The rain is against it.
It imprisons my
will, it paralyzes my spirit, it conquers me by a negative force, it annihilates
me; it might be said that its secret power washes away ideas, words, color,
images!”
I rather agree.
The rain, this non-season, has kept me inside our apartment. I lie on the
couch. I sit at the table. I type to no avail, I read to no avail, I age to no
avail.
All of this
non-availing, though, is broken by one pleasant day, one spring day, one
glimpse of sunlight on the plants on the terrace, one breath of fresh breeze
running its fingers over the leafery in the pots. And that spring day is today!
I could be king of
infinite space, today.
Certain
words are novels – and not just novels, but state of the nation novels, U.S.A.
novels.
Absolutely,
for instance. Exciting or excited.
Actually.
Absolutely
that became fixed as a certain sound in my ear years ago. I was living in Santa
Fe and, for a time, writing lyrics for a band. The singer would say,
absolutely, a lot. The singer was a sweet woman, who couldn’t hold a tune – you
could glue it to her tongue and she would still mess it up.
So we would
go through the song and she would be asked if she heard it, and she would say:
“absolutely”.
Like so
much in the U.S.A, the word came out of some combo of tv, movies, music and
coolhunting. And it ended up in business school.
One could
probably track it through trendy novels. It begins as a sort of Britishy
complement – in phrases like, say, absolutely stunning. It occurs in Less than
Zero – a marker of the eighties if there ever was one – both as an affirmative
and a complement. But only once as the former. Checking into seventies
zeitgeist novels – In Alison Lurie, it occurs in the form of “absolutely sure”
or “absolutely necessary” – holding on as a modifier, and not pushing aside the
“sure” to star by itself.
Ann
Beattie, whose signature method as a short story writer and novelist in the
seventies was to keep as close as possible to the oral tics of the time, used
absolutely the way Alice Lurie did. She only introduced absolutely, as a single
word, after the eighties.
These are
not definitive proofs of the origin of the bogus absolutely, but I’d like to
coordinate its mission creep with the “morning in America” that was the Reagan
era – an era in which the bogus made a comeback, from Wall Street to the shores
of Nicaragua.
Of course,
this mutation is not unrelated to other mutations abroad in the land – for
instance, the systematic skinning of the working class, from their place in the
popular arts to the dignity to their paychecks. “Sure”, the older Americanism, was both the extended hand and a word to be
spoken out of the side of the mouth by private dicks and mobsters. Sure was off
the farm – as was the population, draining into Detroit and Chicago and Los
Angeles and Cleveland, making steel in Youngstown and Pittsburg, waging labor
war in Flint. Sure was familiar with numbers runners and the overflowing
toilets in neighborhood taverns on Friday night. Sure had all beef hotdogs in
its teeth and the ball game on the radio. Sure was Rabbit, especially when yes
means no, as in “sure sure.” A doubling that allows Rabbit to hop away from his
responsibilities in Rabbit Run.
Absolutely is
Rabbit in his desuetude, Rabbit in Florida, Rabbit self-pitying in the strip
club. Absolutely is the fated, that is, planned erosion of the manufacturing
sector. Absolutely is the relentless rise of the service sector. Absolutely is
waitresses setting out jauntily to make money while going to college and ending
up three jobbing it to make payments on the college loan. Absolutely is
the cool music played at Starbucks. Absolutely is emotional labor, while
emotional surplus value is hauled off to be plasticized in the cultural
industries. But absolutely never reaches into the now dominent upper reaches,
who invaded every crannie of the popular arts in the U.S.A. and made it a
mirror of their own vanity. Absolutely is said to them. They never say it back.
Instead, they say things like, I’ll have the Chilean sea bass.
I sure hate
what absolutely did to the States.
I read the
newspapers like Don Quixote read his romances, fulmination and prophecies race
through my brain and come out of my fingertips, perched on the keyboard, and I
know that I am behind, utterly behind on everything in my life, that what I do
is plunge into what avails not and what I don’t do is what does avail and must
avail and this is my mortal sin, and then the night is here, quicker than I
expect it to be, always.
With this attitude
towards the newspapers, I have long held that not enough is made of the
parallel between the literary culture of the moderns, from the 1700s on, and
the newspapers, which have been the great angels of Chronos during this same period
of time. Even now, as newspapers dwindle down like a pencil too often
sharpened, we see the form find its home and bearings on the internet and the
internet swell with it.
1
I like to think of
certain coincidences. Emerson, writing about the London Times, in English Traits:
“There is no corner and no night.” Emerson happened to visit the Continent, and
especially England, in the wonderful and terrible year, 1848. Year of the
Communist Manifesto, of the French revolution, which Emerson celebrates in his
journal – seeing that this time it is about “socialism”. He notes that Carlyle,
at that point still his friend, never read the newspapers until the Revolution
broke out.
And after 1848,
Marx, in England, becomes the great European correspondent for Emerson’s
sometimes friend, Horace Greeley, whose newspaper, The New York Tribune, was
the great American answer to the Times. Emerson and Greeley met on the lecture
circuit. In 1851, the New York Tribune started publishing articles by the man
the paper called “one of the clearest and most vigorous writers
that country has produced—no matter what may be the judgment of the critical
upon his public opinions in the sphere of political and social philosophy.”
At the time, Greeley was a Fourierist.
Emerson wrote about Fourier in an article in Margaret Fuller’s
The Dial:
“We had lately an opportunity of
learning something of these Socialists and their theory from the indefatigable
apostle of the sect in New York, Albert Brisbane. Mr. Brisbane pushes his
doctrine with all the force of memory, talent, honest faith, and importunacy.
As we listened to his exposition, it appeared to us the sublime of mechanical
philosophy; for the system was the perfection of arrangement and contrivance.
The force of arrangement could no farther go. The merit of the plan was that it
was a system; that it had not the partiality and hint-and-fragment character of
most popular schemes, but was coherent and comprehensive of facts to a
wonderful degree. It was not daunted by distance, or magnitude, or remoteness
of any sort, but strode about nature with a giant's step, and skipped no fact,
but wove its large Ptolemaic web of cycle and epicycle, of phalanx and
phalanstery, with laudable assiduity. Mechanics were pushed so far as fairly to
meet spiritualism. One could not but be struck with strange coincidences
betwixt Fourier and Swedenborg. Genius hitherto has been shamefully misapplied,
a mere trifler.”
2.
I have not found any hint in Emerson that Marx had
crossed his intellectual path – although surely he read some of his articles in
the Tribune. But the coupling of Fourier and Swedenberg predicts, mystically,
the messianic Marxism of Bloch and Benjamin, which crosses Marxism with Klee’s
angels.
There is something else in Emerson’s note on
Fourier that is consistent with his notion of the democratic theme that runs through
the newspaper form: the notion of an egalitarianism founded upon genius.
Our feeling was, that Fourier had skipped no fact but one,
namely, Life. He treats man as a plastic thing, something that may be put up or
down, ripened or retarded, moulded, polished, made into solid, or fluid, or
gas, at the will of the leader; or, perhaps, as a vegetable, from which, though
now a poor crab, a very good peach can by manure and exposure be in time
produced, but skips the faculty of life, which spawns and scorns system and
system-makers, which eludes all conditions, which makes or supplants a thousand
phalanxes and New-Harmonies with each pulsation. There is an order in which in
a sound mind the faculties always appear, and which, according to the strength
of the individual, they seek to realize in the surrounding world. The value of
Fourier's system is that it is a statement of such an order externized, or
carried outward into its correspondence in facts. The mistake is, that this
particular order and series is to be imposed by force of preaching and votes on
all men, and carried into rigid execution. But what is true and good must not
only be begun by life, but must be conducted to its issues by life. … nay, that
it would be better to say, let us be lovers and servants of that which is just;
and straightway every man becomes a centre of a holy and beneficent republic,
which he sees to include all men in its law, like that of Plato, and of Christ.
Before such a man the whole world becomes Fourierized or Christized or
humanized…”
3.
I love it when Emerson just rides.
But to break back into thought from such motion and rhetorical glory - the
newspaper or its form plays a central role in Emerson's intuition that genius is inherently egalitarian - that is, our private lights are, above all, new lights, new courses in the world marked by our ever anonymous and gigantic particularity. I am the we. And as this we, I must go back to the tabloid as Antaeus had to go back to the earth. It is my strength..
“In brief, cultural history only represents a surface strike
against the insight [of historicism], but not that of dialectics. For it lacks
the destructive moment, which certifies dialectical thinking, as well as the experience of the dialectic thinker. It means
to increase the treasures that weigh on the back of mankind. But it doesn’t
give humanity the power to shake this off, in order to take them in its hands. This
is true as well of the socialist educational work at the turn of the century,
which took cultural history as its guiding star.”
This passage from Benjamin’s essay on Eduard Fuchs came to
my mind as I was reading Mel Gordon’s Horizontal Collaboration, his book about
the erotic culture of Paris, which is meant, I think, to be paired with his
earlier (cult) book about the erotic culture of Weimar Germany.
Like Fuchs, Gordon is a collector. Nothing brings together
cultural history, fetishism and a certain sense of hidden forces like
abundantly illustrated books concerning the vintage wanks of yesteryear. But Gordon
utterly lacks a dialectical mindset. For him, pleasure is a unified property –
not something divided between consumer and worker. Thus, he plunges into the
“happy” world of Parisian brothels and comes up with the anecdotes, which take
the place of any ethnology.
This is the blind spot of the fetishism that motivates
pilling up the “treasures”, whether of cheesecake photos or art objects of a
higher order – objects that are so often rooted, in the avant garde visual and
literary culture of the late nineteenth and early twentieth century, in the
same atmosphere of brothels and dance clubs whose photos, placards and
anecdotes spill out over Gordon’s pages – but never gets around to the moral
intellectual shudder that will free us from these things, so that we can recognize
them.
The erotic life, here, is utterly commercial. From the
brothel fuck to the photographer to the spectator – for there was as much a
market for spectacle as there was for tactile sex – “life” is restricted to
what is outside of “normal life”.
In the end, in the late 1960s, the identification of the
erotic with a certain marginal spectacle dissolved before the feminist
critique, which correctly identified pleasure as a heterogenous and often
exploitative property of “liberation.” The revolutionary moment, in the “sexual
revolution”, was all too non-dialectical. It was a revolution in the chains of
a very bourgeois positivism.
And don’t we all, generation after generation, bear the
marks of that lie? We still have not found the open sesame that will give us,
at the heart of normativity itself, our happiness back. Instead, we make our
separate treaties. It is this, I think, that has disempowered the avant garde
in my lifetime.
And watch it all slip away
(Por fin se va acabar)
Or leave a garden for your kids to play
(Jamás van a alcanzar)
--- The Black Angels, El JardinThe Black Angels, El Jardin
American foreign policy inhabits the same paradox that
American domestic policy lives in: what does it mean to be a democracy?
During the Cold War period, the paradox, at least on the
foreign policy side, was simplified by the idea that whatever was
anti-communist was democratic. This was, of course, technically not true: from
Nazi Germany to the Pinochet’s Chili, from Syngman Rhee’s South Korea to Thieu’s
South Vietnam, the United States chose authoritarian states over any possible
democratic alternative.
This led to millions of deaths around the world.
At the end of the Cold War, however, there was a sense in
the American foreign policy establishment that perhaps the U.S. could be an
interventionist liberal power. Weighing in on the side of democracy. The last
shreds of this solution were dissolved during the Bush regime. Although we
rhetorically wanted “democracy” in the occupied state of Iraq, it turns out
that we wanted it on our terms, with no interference from the Iraqi population.
We now seem, under Biden, to be reconstructing a Cold War
foreign policy that is even more contradictory than the one forged under
anti-communism. Here, democracy is the equivalent of being pro-Israel, no
matter what Israel does.
The only way any state in the Middle East, or North Africa,
or Central Asia can sustain that as a policy if for that state to be firmly
under the thumb of a dictator – be it Sisi in Egypt or the House of Saud or Jordan’s
“parliamentary” mock democracy. The U.S. policy is entirely dependent, under
Biden, on maintaining and strengthening these authoritarian powers.
This is the kind of paradox that will corrode Biden’s
message in the current election: the message that this is an election of “democracy”
against Trump’s authoritarianism. It is pretty simple to see that this message relies,
in Biden’s politics, on a limit: democracy cannot be entrusted to people like,
say, the Jordanians. This tacit principle makes a mockery of Biden’s domestic
view, that no persons because of race creed or gender should be denied full
civil rights.
Meanwhile authoritarians elsewhere have recognized that
whether Biden or Trump is elected, they have a friend in Washington. In Europe,
the far right has become absolutely loyal to Israel for two reasons: the
historical antisemitic psychopathology, out of which these parties spring, had
one great success, from the antisemitic point of view: the murder of six
million European Jews. That means practically that in a place like the
Netherlands, where the Nazis murdered three quarters of the Jewish community, Jews
now form only a tiny percentage of the population – around 50,000 in a total
population of 17 million. In comparison, the Muslim population – immigrants mostly
from Netherland’s colonies – constitute around a million. The Far Right under
Geert Wilders, which is the coalition partner in the Netherlands, has decided
to use a new tactic – attacking the Moslem population as antisemitic. That the ideological
and real ancestors of Wilders collaborated with the Nazis is now easy to
apologize for – with a grin, of course. Dutch Jews do have reasons to fear
increasing antisemitism among the Islamic population, as that population
absorbs the idea that opposing Israel is antisemitism.
In essence, the far-right part of Europe has been given a
gift by the right in Israel and its biapartisan allies in the U.S. Thus, a
program that was condemned in the 1990s in the war in Yugoslavia – the mass
murder of Bosnian Muslims – has now become less criminal, and more
understandable. Those Muslims were antisemitic! Thus, nobody blinks when
Netanyahu teams up with Orban to demonize the Hungarian Jew Soros.
Bad times are coming, no matter who is elected president in
the U.S.
The New Economy that came into
being in the nineties names, really, a ratio – that is, the rise in the ratio
between price and earnings. Just as the world starts, in the Upanishads, with
the first man, Pragapati, floating in a golden egg that he has somehow
fertilized himself, so too do we find our plutocrats floating in golden eggs
made out of financial instruments which exist solely in order that plutocrats
can grow the most enormous golden eggs the world has ever seen.
In an early era – in the
Progressive era – the p/e ratio had another name: overcapitalization. And
instead of celebrating an economic mechanism whereby speculators are allowed
and encouraged to treat themselves to stunning windfalls, the Progessives justly
saw overcapitalization as waste and fraud.
Lawrence Mitchell, in The
Speculation Economy, has, I think correctly, seen the first two decades of the
20th century in America as the period in which the limits of American
progressive politics – and by extension, the limits of anti-corporationism in the
West – were drawn and hardened. By 1920, the attempt to reform the stock market
from the root had failed.
The high point of the reform
effort came in 1911. In that year, the House of Representatives passed a bill a
bill that was narrowly turned down in the Senate, S. 232. S. 232 would not only
have required federal incorporation of all interstate businesses. Here’s
Mitchell’s description of it:
“It would have replaced
traditional state corporate finance law by preventing companies from issuing
“new stock” for more than the cash value of their assets, addressing both
traditional antitrust concerns and newer worries about the stability of the stock
market by preventing overcapitalization. But it would have done much more.
S. 232 was designed to restore
industry to its primary role in American business, subjugating finance to its
service. It would have directed the proceeds of securities issues to industrial
progress by preventing corporations from issuing stock except “for the purpose
of enlarging or extending the business of such corporation or for improvements
or betterments”, and only with the permission of the Secretary of Commerce and
Labor. Corporations would only be permitted to issue stock to finance
revenue-generating industrial activities rather than finance the ambitions of
sellers and promoters. … S. 232 would have restored the industrial business
model to American corporate capitalism and prevented the spread of the finance
combination from continuing it dominance of American industry.” (137)
Martin Sklar, in The Corporate
Reconstruction of American Capitalism, summarized the spirit of the drafts
prepared during Theodore Roosevelt’s administration that stood in the
background of the bill’s eventual configuration in this way: ‘whenever the amount
of outstanding stock should exceed the value of assets, the secretary would
require the corporation to call in all stock and issue new stock in lieu
thereof in an amount not exceeding the value of assets, and each stockholder
would be required to surrender the old stock and receive the new issue in an
amount proportionate to the old holdings.”
I’ve already manifested my
manifesto for a new Soviet version of 21st century capitalism – one that
destroys the corporate form and replaces it with hundreds of thousands of small
scale enterprises in flexible cooperative structures. It does not overturn
capitalism, but it does radically turn capitalism around. The limitation of
both the corporation and the state is a kind of capitalism with a human face –
which is much more radical than where ‘socialism’ is at the moment. For this
kind of harmony of opposites, of cooperation and competition, to really work,
the speculative economy would have to be radically subordinated to production.
The pleasure palace of the oligarchs, the four hundred trillion dollar
derivatives structure that burdens the earth (even as it actually does not
exist – truly, an extreme case of economic neuroses), will have to be burnt to
the ground. From a historical point of view, instead of a prescriptive one,
however: one has to marvel at what the railroad companies wrought. Most studies of railroads concentrate on
their physical structure, and their role in transport. But if you look at
financial history in the U.S., you find that railroads basically invented the
modern stock market. By overcapitalizing far beyond the needs of stock and
expansion, and by being the model that shaped the constitution of interstate
businesses, they forged the stock market as an instrument of overcapitalization
that it has since become. In the first decade of the twentieth century, state
attorney generals, elected by populists, tried to make railroad companies
adhere to their contractual obligations under state law. Well, that took
state's rights too far, and was overruled by the Federal government. The
Scotus, which piously devolved the rights of women over their own bodies to the
states, would shriek with horror if the states took up the right to regulate
the interstate commerce that comes through it. There is a limit to every
reactionary thing, after all! Common sense, among the plutocrats, has agreed to
this. And who are we to tell the rich assholes no?
Vico and us 1. In the preface to his translation of Vico’s Le Méthode des études de notre temps, Alain Pons notices that Vico, in contrast...