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624 pages, Hardcover
First published March 14, 2017
“As always, each neighborhood was a little world, with a particular character. Some of them looked fine, others were bedraggled, still others abandoned. It wasn't always clear why any given neighborhood should look the way it did. Things happened, a building held or fell down, its surroundings followed. Very contingent, very volatile, very high risk.”
“History is humankind trying to get a grip. Obviously not easy. But it could go better if you would pay a little more attention to certain details, like for instance your planet.”
“This remarkable rise had been bad for people-most of them. But at this point the four hundred richest people on the planet owned half the planet's wealth, and the top one percent owned fully eighty percent of the world's wealth. For them it wasn't so bad.”
“They published their papers, and shouted and waved their arms, and a few canny and deeply thoughtful sci-fi writes wrote up lurid accounts of such an eventuality, and the rest of civilization went on torching the planet like a Burning Man pyromasterpeice.”
“Because life is robust. Because life is bigger than equations, stronger than money, stronger than guns and poison and bad zoning policy, stronger than capitalism. Because Mother Nature bats last, and Mother Ocean is strong, and we live inside our mothers forever, and Life is tenacious and you can never kill it, you can never buy it.”
“[…] We live in a world where people pretend money can buy you anything, so money becomes the point [the end, rather than the means], so we all work for money. Money is thought of as value. […] We live by buying things with money, in a market that sets all the prices.”…A bit later:
“The invisible hand.”
“Right. Sellers offer stuff, buyers buy it, and in the flux of supply and demand the price gets determined. It’s crowdsourced, it’s democratic, it’s capitalism, it’s the market.”
“It’s the way of the world.”
“Right. And it’s always, always wrong.”
“What do you mean wrong?”
“The prices are always too low, and so the world is fucked. We’re in a mass extinction event, sea level rise, climate change, food panics, everything you’re not reading in the news.”
“All because of the market.”
“Exactly! It’s not just that there are market failures. It’s that the market is a failure.”
“How so?”
“Things are sold for less than it costs to make them.”
“That sounds like the road to bankruptcy.”
“Yes, and lots of businesses do go bankrupt. But the ones that don’t haven’t actually sold their thing for more than it cost to make. They’ve just ignored some of their costs [externalized]. They’re under huge pressure to sell as low as they can, because every buyer buys the cheapest version of whatever it is. So they shove some of their production costs off their books.”
“Can’t they just pay their labor less?”
“They already did that! That was easy. That’s why we’re all broke except the plutocrats.”
“You always know economists are in deep shit when they start talking about trust and value. Usually when you say fundamentals to them they’re like interest rates and price of gold. Then a bubble bursts and the fundamentals become trust and value. How do you create trust, keep it, restore it? And what’s the ultimate source of value? I’ve been reading some of the history on this, I’m sure you already know it. Do you remember when Bernanke had to admit that the government was the ultimate guarantor of value, when he bailed out the banks in the 2008 crash?”--While I may introduce these topics in slightly different manners, just seeing these topics discussed in a popular fiction is thrilling…
All fixed, fast-frozen relations, with their train of ancient and venerable prejudices and opinions, are swept away, all new-formed ones become antiquated before they can ossify. All that is solid melts into air, all that is holy is profaned […]…Venture capital, in so far as it invests in the real economy, is seen as too illiquid for Finance capitalism’s extreme short-termism... Financial hedge-funds, making money regardless of market direction…
[…] certain strikes are actually better examples of direct action [participatory democracy] than others. His favorite example is a strike by transit workers in Melbourne during the 1980s in which, rather than walking off their jobs, bus drivers and train conductors stayed on, but stopped collecting fares—effectively making mass transportation free until the action was over. Imagine, he suggests, what would happen if, for just one day, workers in every branch of industry and service trade did the same. This alone could be a major step in showing how a capitalist economy could be transformed into an economy of freedom. [Direct Action: An Ethnography]