Wednesday, May 09, 2012

Interpassivity

"...capitalist realism is very far from precluding a certain anti-capitalism. After all, as Zizek has pointed out, anti-capitalism is widely disseminated in capitalism... Far from undermining capitalist realism, this gestural anti-capitalism actually reinforces it." Mark Fisher One such gesture is punishing "bad" individuals, showing that we can hold capital accountable and saving capitalism from itself. This is marvelous theatre and a great example is the latest surge to "improve corporate board governance" , denying Big Time CEO's their outrageous salary demands or firing them out-right. Look at how We Manage Our Own Affairs! Putting Us Back on the Right Track! Several shareholder meetings recently have been on display, reassuring Us All that Greed is Out, Responsibility In. Of course just as soon as corporate boards put their house in order, along come these irrational Europeans, whining about austerity. If they are not careful they will upset the Markets and we will all be punished. Here in the land of the free and brave and overweight, we know that when the Markets say bend-over, we say "How Fast?" That is what democracy is after all. The problem with those silly Eurotrash folks is they have not learned to worship the Investor Who Makes Our Happiness Possible. They take our hard earned money and turn it into all the Good Things We Need. The Investors will leave Greece and France and Romania and Spain and Ireland and take the peoples money with them. Oh that's right, they already took it. Well then, the Investors will stop taking their luxury yachts to Mediterranean destinations. If the editor from the Missoulian happens to be reading this, be assured I can be MUCH less snarky, I was in a hurry today!

5 Comments:

At 10:20 PM, Blogger beakerkin said...

Your rant is typical of brain impaired lefties who fail to grasp topics such as job creation. The money to provide for safety nets comes from taxation.

Far left Greece managed to get into a financial mess with negligible military spending.

 
At 1:41 PM, Blogger Ducky's here said...

Beak, that was as incoherent as you've been in some time. Everything okay at home?

But I'm not surprised that you swallow the simple meme on Greece.

 
At 6:03 PM, Blogger Ducky's here said...

Holy self correcting markets, Batman !

"The trading group has been a focus in recent weeks as questions surfaced about big bets the JPMorgan unit was reportedly making in credit default swaps. Reports emerged in April about a JPMorgan trader in London whose positions were so big that they were distorting the market.

Mr. Dimon played down the significance. In a conference call on April 13, he called the matter “a complete tempest in a teapot.”

“Every bank has a major portfolio. In those portfolios you make investments that you think are wise to offset your exposures,” Mr. Dimon said in the April call. “At the end of the day, that is our job — is to invest that portfolio wisely, intelligently over a long period of time to earn income and to offset other exposures that we have.”

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The invisible hand must have been trying to pick the pocket of the Greek bond market.

 
At 6:54 PM, Blogger beakerkin said...

Duncy

The EU is finnished. It was a lousy idea and it needs to be burried.

 
At 6:18 AM, Blogger troutsky said...

The City of London certainly never liked the idea of union. They like Greece for the nice beaches and cheap wine. Ever try retcina? Kind of a turpentine beverage they enjoy down there.

Beak, I believe there is a kernel of truth in the military spending thing.Had they started a viable drone industry they wouldn't be in this pickle.

 

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