The Ideology of Predatory Capital: Social Illusions and Planetary Reality

With the fall of the Soviet Union and various other communist states, the victory of capitalism seemed assured. Ronald Reagan took on a God-like aura, anointed by Margaret Thatcher. The “Iron Lady” affirmed that there was no such thing as “society,” and there was no alternative to unfettered growth of neo-liberal capitalism. All was well in the West, or so it was said.

Now, all sorts of things were possible with the “peace dividend.” The triumph of American Individualism over Soviet totalitarianism was expected to yield huge savings resulting from the end of the arms race that had been required by the “cold war.” Yet, somewhere on the way to peace and prosperity, the military-industrial complex that President Eisenhower had warned us against, just kept growing bigger and bigger. We were warned against potential new forms of conflict for which we must be prepared.

That growth relentlessly consumed more and more of the federal budget. The pursuit of military goals to assure the continued supply of energy from the Middle East left little money for “domestic programs” throughout the second half of the twentieth century and beyond. The pursuit of endless wars of choice into the twenty-first century created widespread international resentments. “Freedom fighters” in their own minds, growing numbers of “terrorists” and “insurgents” defended against indiscriminant U.S. invasions and occupations. Such groups grew much more rapidly than they ever had before nine-eleven. The costs of these military adventures have been mostly off-budget, yet have continued to bloat the national debt, their funding appropriated from nowhere. Meanwhile the congress continues to focus on cutting corporate taxes and domestic programs and subsidizing fossil-fuel extractive industry. Small government for the people, big government for the Empire.

The Ideology of Economic and Military Predation

In tandem with aggressive U.S. foreign policy, the growing dominance of neo-liberal economics – formerly called “Laisse Faire” – meant increasing control of the U.S. economy by international corporations. So called “free markets” and “free trade” operated as ideological cover for ever-increasing corporate domination of both domestic and international economies. The story was always, let individual entrepreneurs and small businessmen – the mythical “job creators” – be freed of government regulation and Adam Smith’s “indivisible hand” will assure the best outcome for all. But the hard economic reality has been quite different.

Capitalist economies work best for their people when markets are regulated to control the worst excesses of the power of capital itself. The free-market ideologists carefully neglect to admit to the power of power to accrue more power. The question, “free for whom?” is neither asked nor answered. That is exactly how the mega-corporations have ideologically controlled polity, economy, and society. The corporatists, whether pundits on CNBC or the politicians bought and paid for by the corporate and financial elites, have clear expectations and intentions. Only by reducing taxation on corporate profits and eliminating “onerous regulations” needed for public health, workplace safety, and the environment, as well as those evil “entitlements,” can the capitalist economy work best – well, best in fact for the corporations and worst for the people.

Of course, corporate taxes are at all-time lows and deregulation of financial markets has been fully achieved by the Republi-crat one-party corporate state. The result is the starving of federal and state budgets and destruction of middle-class employment. Deregulation of financial markets, aided by the power of electronic computing, has allowed corporate malfeasance on a scale never before imagined. This has driven both U.S. and international economies to financial crises on a scale not seen since the great depression of the 1930s.

Deregulation of production and labor markets has released large corporations from any responsibility for environmental damage, abuses of labor, increased health risks to citizens, or unfair competition. Their domination of politics, economics, and society was thereby assured. Their control of politics and the mass media have kept at bay any serious discussion or action to counter the climate crisis that fossil-fuel driven extractive capital has created. The corporate state propels us toward the sixth great extinction while its elites grab their short-term profits.

Illusions of Separation and Dominion

All this is sustained by massive social illusions about the nature of human society and the nature of nature itself, all promoted by the power elites’ propaganda. The social illusion that the capitalism we have is what we need is promoted and sustained by the financial, corporate, and military elites who benefit economically from its unrestrained damage to people and planet. The problem, of course, is that almost all political discussion, deeply grounded in illusions and propaganda imposed through the media they control, flatly excludes reality. The power of mass media control is the power to ignore.

It is not only interesting but very important to note that the illusions fostered by the power elite about society are the same illusions promoted about nature. The perspective is atomistic and reductionist. But contrary to the pseudo-science of economics, the natural world is the world in which we live, and it is a complex living system, not a simple mechanistic causal chain. It and we are complex interdependent living systems. Despite any illusions we hold about our dominion over nature, we are inescapably part of it.

To think clearly about humanity and its place among the other complex living systems on earth, we must purge the old ideological schism over capitalism vs. socialism. (It is all internal to society anyway and the ideological debate ignores nature while assuming human domination over the earth.) Roosevelt tried to save the capitalism of the early twentieth century by modifying its destructive tendencies – it worked for awhile. Later, communism collapsed from its own dead weight. Neither was much cognizant of the natural world – that would have been anti-industrial and thereby unacceptable.

Despite the limitations imposed on him, Roosevelt did a pretty good job – the “New Deal” reforms kept U.S. Capitalism alive for almost a century. The former extreme boom-bust cycle was dampened by the regulations he imposed on banking – separating speculative investment banking from commercial depository banking. The result was “the business cycle” where relatively mild recessions between periods of growth replaced the severe crashes previously experienced. Social Security, unemployment insurance, and later programs dampened socioeconomic instabilities. But in the post Reagan-Thatcher era of deregulation, we have regressed to extreme risk of financial collapse and social chaos resulting from the abolition of those reforms. Our situation is not unlike the past, but amplified by the electronic speed of today’s financial transactions and the much greater size and power of today’s corporations.

If we continue on this path of self-delusion about economic and planetary realities, the next financial collapse will be far more severe and will reverberate throughout the world in the form of social chaos. If we continue with the self-delusions of the extractive predatory capitalism we have, not only will the world economy collapse, but the unmitigated climate disruptions produced by the delusional endless-growth economic system will put the planet over the brink, ultimately – and soon – leading to full-on climate collapse, extreme crop failures, mass starvation and uncontrollable migrations, widespread armed violence, and untold human suffering.

Interdependent Reality

The underlying reality of both human society and living earth systems resides in the fact of interdependence. Some elements of the idea of personal independence and freedom are important and true and lead to cultural creativity in a variety of ways, within a context of inherent societal and ecological interdependence.

Yet the ideology of American independence, unfettered capital markets, and “free” trade, as promoted by the power elites, is rapidly becoming deadly in its consequences for both human society and large numbers of living species, as well as the living earth systems of which we are a part.

Ecological Reality and Political Illusions

So, Bernie Sanders is a “democratic socialist,” or, in the European term, a “social democrat.” From the perspective of the ideology of the U.S. power elites, that is a political horror of horrors. That is why the mass media try to ignore Sanders. Besides, the unreality of “The Donald” is so “entertaining.” After all, the social programs Bernie Sanders advocates would disrupt their near total power over the economy. But from the perspective of a desire to secure the future against the ravages of unfettered predatory extractive capital hell-bent to destroy the living earth in favor of the next quarterly report, Bernie is a rather mild-mannered moderate. He would institute many of the same sorts of programs that Roosevelt did to save capitalism from itself. But today there is a big difference.

It is no longer a matter of fixing our socially and environmentally dysfunctional version of capitalism; now it is a matter of replacing the disaster capitalism we have with a new ecological economy never before seen on the planet, except in miniature among indigenous peoples. We must create local indigenous economies at planetary scale. That is a daunting but necessary task that must be accomplished in very short order if we are to avoid much more severe social and ecological chaos in the wake of economic collapse as well as climate collapse. The system we have is destabilizing all sorts of natural systems that have been in relative balance for a very long time. Oscillations in disturbed systems tend to amplify toward system collapse. This is why tipping points are so important. The economic and climate oscillations are accelerating.

It is not just poverty, racism, unemployment, or the extreme accumulation of phantom wealth in the delusional financial markets that are at stake – as if they were not enough. Now it is a matter of social and ecological survival. The living interdependence of multiple species in multiple ecologies around the world is being disrupted on a massive scale. We are only partly aware of the complex ways humans depend on these even more complex ecological inter-relationships. Many such interdependencies are being exposed as we careen toward mass extinction. Scientists know this; politicians are not listening. We are all at extreme risk. Only massive cooperation among people, neither corporate competition nor the corporate state, will make the difference between a forming a new ecological society and our present path to an accelerated extinction of many more species, including our own.

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