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This article, courtesy of Eric Jarvis on FB, discusses the current collapse of the nation state, due to its inability to control and tax money flow, amongst other reasons:
https://www.theguardian.com/news/2018/apr/05/demise-of-the-nation-state-rana-dasgupta?CMP=share_btn_fb
I have just finished reading it, and digestion is necessary, but the sooner other people read it, the better.
One of the take away quotes for me is this:
"Deregulating human movement is an essential corollary of the deregulation of capital: it is unjust to preserve the freedom to move capital out of a place and simultaneously forbid people from following."
On the one hand "just" is a concept currently underpinned by the authority of the state (it used to be kings and priests, but now it is judges certified by the state), so if the power of the state is failing, expecting justice yet is not realistic.
On another hand - where does this superstructure of global regulation envisioned by Dasgupta leave the low-caste person (me and my family & friends) in terms of coping with the changing rules of the game? There are rumours that Trudeau is considering a form of Emergency Measures Act to facilitate the building of the Kinder Morgan pipeline. This would be *insanely* disruptive to Canadian politics, since, while the other provinces might be happy to feast on the carcass of BC, they would also then be watching their backs and resisting even the teeny-tiniest infringement of Federal over Provincial. If there was a superstructure of regulation over such jurisdictional matters - who would win? The serfs belonging to a pretty figure head in charge of a defunct and penniless system, or the multinational corporation? Ha.
And, on another nother hand - this analysis could also herald the fall of the economic system that underpins both money as we know it and the stock market as we know it. It could fail, and so much for pensions - or guaranteed basic income - ask Venezuela. "During the year 2016, for example, consumer prices rose 800%, the economy contracted by 18.6%,[8] and hunger escalated to the point that the "Venezuela's Living Conditions Survey" (ENCOVI) found nearly 75 percent of the population had lost an average of at least 8.7 kg (19.4 lb) in weight due to a lack of proper nutrition." https://en.wikipedia.org/wiki/Crisis_in_Venezuela_(2012%E2%80%93present)
And one may think that if the stock market goes, so does all the wealth of the powerful. But I suspect that just as there are off-shore bank accounts, there is probably an off-shore stock market, too. If we already have a dark net, we probably have a dark finance system.
So.
https://www.theguardian.com/news/2018/apr/05/demise-of-the-nation-state-rana-dasgupta?CMP=share_btn_fb
I have just finished reading it, and digestion is necessary, but the sooner other people read it, the better.
One of the take away quotes for me is this:
"Deregulating human movement is an essential corollary of the deregulation of capital: it is unjust to preserve the freedom to move capital out of a place and simultaneously forbid people from following."
On the one hand "just" is a concept currently underpinned by the authority of the state (it used to be kings and priests, but now it is judges certified by the state), so if the power of the state is failing, expecting justice yet is not realistic.
On another hand - where does this superstructure of global regulation envisioned by Dasgupta leave the low-caste person (me and my family & friends) in terms of coping with the changing rules of the game? There are rumours that Trudeau is considering a form of Emergency Measures Act to facilitate the building of the Kinder Morgan pipeline. This would be *insanely* disruptive to Canadian politics, since, while the other provinces might be happy to feast on the carcass of BC, they would also then be watching their backs and resisting even the teeny-tiniest infringement of Federal over Provincial. If there was a superstructure of regulation over such jurisdictional matters - who would win? The serfs belonging to a pretty figure head in charge of a defunct and penniless system, or the multinational corporation? Ha.
And, on another nother hand - this analysis could also herald the fall of the economic system that underpins both money as we know it and the stock market as we know it. It could fail, and so much for pensions - or guaranteed basic income - ask Venezuela. "During the year 2016, for example, consumer prices rose 800%, the economy contracted by 18.6%,[8] and hunger escalated to the point that the "Venezuela's Living Conditions Survey" (ENCOVI) found nearly 75 percent of the population had lost an average of at least 8.7 kg (19.4 lb) in weight due to a lack of proper nutrition." https://en.wikipedia.org/wiki/Crisis_in_Venezuela_(2012%E2%80%93present)
And one may think that if the stock market goes, so does all the wealth of the powerful. But I suspect that just as there are off-shore bank accounts, there is probably an off-shore stock market, too. If we already have a dark net, we probably have a dark finance system.
So.
