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You’d think the revelation that the CIA planned to assassinate an award-winning journalist for journalistic activity would have been a bigger deal.

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Capitalism hinders progress because it ensures that all mass-scale human behavior will be driven by the pursuit of profit. For example, a huge global issue we have right now is cleaning up the pollution in our oceans. That is an easily solved issue if you take out the profit motive; you don’t wait for market forces to find some way to make it profitable, you just get in there and clean it up. But with the profit motive it’s almost impossible to conceive of it ever being solved.

How often have you been excited by a great idea only to feel that familiar disappointment wash over you as you realize that it will never happen because it won’t make anyone any money? That’s how the profit motive stunts innovation.

The profit motive will never find a way to leave a forest alone or minerals in the ground. There’s no business plan that makes money out of moms being paid to bring up healthy, happy, secure children. You can’t find a way to make money out of people driving less or buying less. There is no money in curing an illness, only treating it. There is no money in solving poverty, only in setting up a multi-million dollar “charity” that never actually intends to solve poverty because it’s a business and a business requires endless expansion.

People who proffer the market as a solution to our massive problems have either never really thought about the restrictions of the profit motive, or they are heavily invested in pretending those restrictions don’t exist. I don’t respect either of those positions.

…click on the above link to read the rest of the article…

CON26

August 13, 2021

CON26

Up Stories Evia 2021

The IPCC came out with another report today, which is a lead-in to another climate conference, this time in Glasgow in Oct-Nov 2021. All the headlines and reactions are exactly the same as they always are: There is no time to lose!, We have to act now!, but also: There is still hope! Since it’s all the same, I thought I’d repost an article from December 2015, ahead of the Paris conference named COP21. All I had to do was change the number and call this one not CON21 but CON26.

No, we’re not going to act in time, and no, there is no hope to halt the degradation of our planet. It’s all long baked into the cake, and if it wasn’t we’d still not stop it. We can do things as individuals but not as a group, let alone as a species. We cannot change our approach to the problems because we cannot change who we are.

I don’t know what makes me lose faith in mankind faster, the way we destroy our habitat through wanton random killing of everything alive, plants, animals and people, through pollution and climate change and blood-thirsty sheer stupidity, or if it is the way these things are being ‘protested’.

I’m certainly not a climate denier or anything like that, though I do think there are questions people gloss over very easily. And one of those questions has to be that of priorities. Is there anyone who has thought over whether the COP21 stage in Paris is the right one to target in protest, whatever shape it takes? Is there anyone who doesn’t think the ‘leaders’ are laughing out loud in -plush, fine wine and gourmet filled- private about the protests?

…click on the above link to read the rest of the article…

If It’s Profitable, Is It Really Sustainable?

May 29, 2021

If It’s Profitable, Is It Really Sustainable?

That an economic activity has to be profitable is considered a truism, something taken for granted and not reflected upon. But what if the opposite is the case?

When I first took up small-scale organic farming in the 1970s, I spent a lot of energy in developing new methods and machinery to increase efficiency in production. The early organic advocates went a long way to assure other growers, farmers, businesses and politicians that organic farming could be profitable, even within the prevailing economic system. Even more so, if externalities would be factored into the price (which they still are not). I see a similar discourse surrounding regenerative agriculture, permaculture, market gardening or artisanal bakery. But perhaps this assurance of profitability was misguided all along. What if profit is not desirable? What if the pursuit of profit is at the core of the ills of society?

There is an ethical perspective on profit that questions if it is fair that capital owners get richer while workers don’t. That question is justified, and could be the subject of another essay, but fairness is outside of the scope of this article. My focus instead is on what implications profit has for the economy and the ever-growing use of resources.

Profit in the sustainability narrative

In the world of business, an enterprise is considered to be viable only if it is profitable. In the prevailing sustainability discourse, we are told that there is no contradiction between profitability and environmental or social progress. On the contrary, profitability is seen a prerequisite for sustainable development. Environmental politics is full of concepts such as “triple-bottom-line” and “people, planet, profit”. But, by and large, this is simply not correct. Profitability is incompatible with sustainability. Let me explain why.

…click on the above link to read the rest of the article…

Save Earth Get Rich

April 24, 2021

Save Earth Get Rich

Henri Matisse Flowers 1907

I sometimes can’t believe I think I must revisit this theme time and again, but here we are. Joe Biden is chairing a virtual climate plan/summit/whatever, and absolutely nothing has changed since the last time I tried to explain why it is nonsense, or all the other times before that. But this is the biggest boondoggle/cheat/trick ever played on mankind, so what choice do I have?

It’s still a bunch of politicians all over the world who are beholden to a bunch of extremely rich people for their cushy positions and claim they intend to save the world hand in hand with these rich people. In other words, our resident sociopaths and psychopaths are the only ones who can save us. But you’re going to have to pay up, or they won’t do it.

It’s all an intensely moronic piece of theater (no, I won’t insult Kabuki!), but since all the media is in on it, who would know that? It’s the biggest show on earth! Your carrots are jobs, profit, and a saved planet for your children. What’s not to like?

Biden’s billionaire political sponsors promise to save you, but of course they do need to make a profit off it. One that is preferably larger than the profits they have been making over the past decades off of the very things they now pretend to condemn, and are still invested in, fossil fuels.

Of course they know that will never happen, but they also know that you do not. So here goes. This intro from the Guardian, written before Ol’ Joe opened Day Two, tries some critical notes, but that’s just to lift the party mode even higher.

Joe Biden To Stress Green Jobs As Key To Tackling Crisis At Climate Summit

…click on the above link to read the rest of the article…

Heal the Planet for Profit – Redux

February 17, 2021

Heal the Planet for Profit – Redux

Giorgione The Tempest 1508

“Mankind’s only chance to not destroy its planet lies in diverging from all other species in that not all energy available to it, is used up as fast as possible. But that’s a big challenge. It would, speaking from a purely philosophical angle, truly separate us from nature for the first time ever, and we must wonder if that’s desirable.”

I wrote that 4 years and 2 months ago today, and I’m still thinking about it. It came to mind again, along with the article it comes from, see below, when I saw a few recent references to climate change, and to how any policy to halt it should be financed. It’s all painfully obvious.

Bill Gates, while on a virtual book tour, says governments should pay. In particular for the innovation needed. We’re going to solve it all with things we haven’t invented yet. That kind of thinking never fails to greatly boost my confidence in people and their ideas.

Overall, Gates’ words feel like a stale same old same old been there done that tone. But one thing is changing. Since Joe Biden became the most popular US president ever, according to his vote count, there is now a climate czar at the US Treasury, and a climate change team at the US Fed. Progress! At least for those seeking to use your money to solve their problems.

Bill Gates: Solving Covid Easy Compared With Climate

Mr Gates’s new book, How to Avoid a Climate Disaster, is a guide to tackling global warming. [..] Net zero is where we need to get to. This means cutting emissions to a level where any remaining greenhouse gas releases are balanced out by absorbing an equivalent amount from the atmosphere…

…click on the above link to read the rest of the article…

In An Insane World, Revolution Is The Moderate Position

December 8, 2020

In An Insane World, Revolution Is The Moderate Position

It should not be considered radical or extremist to oppose mass murder for profit and power.

It should not be considered radical or extremist to oppose the globe-spanning power alliance that is perpetrating most of that mass murder on the world stage today.

It should not be considered radical or extremist to oppose the existence of secretive government agencies which have extensive histories of committing horrific crimes.

It should not be considered radical or extremist to say that everyone ought to have a basic standard of living instead of being deprived of food, shelter and medicine if they have the wrong imaginary numbers in their bank account.

It should not be considered radical or extremist to oppose the existence of a small class of elites who use their vast fortunes to manipulate our entire society toward their advantage.

It should not be considered radical or extremist to want plutocrats and government agencies to stop deliberately manipulating people’s minds using mass media propaganda.

It should not be considered radical or extremist to want everyone to have an equal chance of getting their voice heard in our information ecosystem instead of a few select power-serving lackeys.

It should not be considered radical or extremist to want a society that is ruled by the many for the benefit of the many instead of one that is run by the few for the benefit of the few.

It is very normal, sane and healthy to want a world where everyone has what they need to live, where everyone is free to do, say and think whatever they like as long as it isn’t hurting anyone else, and where nobody is being murdered by powerful governments….

…click on the above link to read the rest of the article…

What If Preventing Collapse Isn’t Profitable?

September 25, 2020

What If Preventing Collapse Isn’t Profitable?

The real downside of the green-profit narrative has been that it created the assumption in many people’s minds that the solution to climate change and other environmental dilemmas is technical, and that policy makers and industrialists will implement it for us, so that the way we live doesn’t need to change in any fundamental way. That’s never been true.

Smoky skies from the northern California wildfires casts a reddish color in San Francisco, Calif., on Wednesday, Sept. 9, 2020. (Photo: Ray Chavez/MediaNews Group/The Mercury News via Getty Images)

The notion that modern industrial civilization is fundamentally unsustainable and is therefore likely to collapse at some point is not a new one. Even before the Limits to Growth report of 1972, many ecologists were concerned that our continual expansion of population and consumption, based on the ever-increasing rate at which we burn finite supplies of fossil fuels, would eventually lead to crises of resource depletion and pollution (including climate change) as well as catastrophic loss of wild nature. Dystopian outcomes would inevitably follow.

This apprehension led environmentalists to strategize ways to avert collapse. The obvious solution was, in large measure, to persuade policy makers to curtail growth in population and consumption, while mandating a phase-out of fossil fuels. But convincing political and business leaders to do these things proved difficult-to-impossible.

It’s time to ask: is there something fundamentally wrong with the eco-opportunity message?”

The folks in charge used the following arguments to justify their refusal to act.

Population Growth: The choice of whether or not to reproduce is a basic human right, said the authorities. Seeking to interfere with that right also violates religious freedoms. Besides, population growth helps economic growth (see “Economic Growth,” below).

…click on the above link to read the rest of the article…

To Many’s Dismay, Permian Produces More Gas and Condensate Instead of Oil and Profits

February 25, 2020

To Many’s Dismay, Permian Produces More Gas and Condensate Instead of Oil and Profits

As oil prices plummet, oil bankruptcies mount, and investors shun the shale industry, America’s top oil field — the Permian shale that straddles Texas and New Mexico — faces many new challenges that make profits appear more elusive than ever for the financially failing shale oil industry.

Many of those problems can be traced to two issues for the Permian Basin: The quality of its oil and the sheer volume of natural gas coming from its oil wells.

The latter issue comes as natural gas fetches record low prices in both U.S. and global markets. Prices for natural gas in Texas are often negative — meaning oil producers have to pay someone to take their natural gas, or, without any infrastructure to capture and process it, they burn (flare) or vent (directly release) the gas.

As DeSmog has detailed, much of the best oil-producing shale in the Permian already has been drilled and fracked over the past decade. And so operators have moved on to drill in less productive areas, one of which is the Delaware sub-basin of the Permian. Taking a close look at the Delaware Basin highlights many of the current challenges facing Permian oil producers.

Delaware Basin Producing More Gas Along With the Oil

The Delaware Basin is where most of the new oil production is coming out of the Permian. As a Bloomberg Wire story reported in December, “in recent years investments have shifted to the Delaware, where output is much gassier than in the historic Midland portion of the Permian.”

The last thing a Permian oil producer wants is to have natural gas coming out of the ground with the oil because, as Bloomberg notes, this persistent “nuisance” is “undercutting profits for explorers.” That’s a generous assessment because many explorers have no profits to undercut, only losses to grow.

…click on the above link to read the rest of the article…

Amazon Chaos: “BlackRock Is Literally Reaping Profits As The World’s Jungles Burn”

September 7, 2019

Amazon Chaos: “BlackRock Is Literally Reaping Profits As The World’s Jungles Burn”

According to a new report from the Friends of the Earth U.S.; Amazon Watch; and Profundo, Larry Fink’s BlackRock Inc is one of the top investors in companies “responsible for tropical forest destruction in the Amazon and around the world.”

The report called BlackRock’s Big Deforestation Problem, published on Amazon Watch’s website, claims BlackRock is the top three shareholders in 25 of the world’s biggest publicly traded deforestation-risk companies; these companies are known for producing soya, beef, palm oil, pulp and paper, rubber and timber, but also have a long track record in burning down forests to clear land for agriculture purposes. The New York-based investment bank is also a top ten shareholder in another 50 of the world’s top deforestation-risk companies, the report added.

“The data is clear: from the Amazon to the great forests of Africa and Southeast Asia, BlackRock is a global leader in financing forest destruction,” said Jeff Conant, senior international forest program manager with Friends of the Earth U.S., the report’s lead author.
“As long as this financial behemoth continues to unconditionally back the world’s most destructive agribusiness companies, the forests of the world, and consequently the climate and the rights of forest-dwelling people, will continue to go up in flames. BlackRock is literally reaping profits as the world’s jungles burn.”

BlackRock: Leveraged Loan, High-Yield Markets ‘Increasingly Converging’

BlackRock’s investment in deforestation-risk companies has been increasing in the last half-decade. In 4Q14, BlackRock owned roughly $1 billion in deforestation-risk investments. By 4Q18, the value of these investments jumped to $1.6 billion.

The report said the investment firm’s deforestation-linked commodity holdings are comprised mainly of index funds. In 2014, 80% of BlackRock’s deforestation-linked commodity holdings were through index funds; by 2018, it had jumped to 94%.

…click on the above link to read the rest of the article…

Climate Crisis Means the Ruling Class has Failed. Can the Working Class Inherit the Earth?

August 11, 2019

Climate Crisis Means the Ruling Class has Failed. Can the Working Class Inherit the Earth?

The climate crisis is proof positive that the ruling class is an utter failure — but it will not fall on its own. Can the working class rise to the challenge? It sure will help if we understand that our class interests are not merely the economic needs of working people — no matter how important that is — but the universal interests of a healthy planet for all the people. Let’s start acting like it.

The corporate solutions to the climate crisis must dodge the causes of the crisis. The ruling class uses deception and secrecy to limit public debate. When the facts become obvious and overwhelming corporate politicians simply refuse to debate it. Gag rules are back in fashion. When the people demand a Green New Deal the same politicians water it down and disarm it.

Power For Profit is Still the Prime Directive

Meanwhile, the Corporate State pursues the only agenda it has ever known: power and profit. If we accept corporate empire as normal, natural or eternal there is nothing left but better management, technical fixes, adaptation, and illusions of endless growth.

Since corporate capitalism is a “grow or die” system, it cannot consider limits even at a time when planetary limits are on display for all to see and verified by our best science. For example, there is no place in corporate plans for the conservation of energy despite the fact that energy not used is the truest form of clean energy. Instead of keeping in the ground, it’s always more and more.

Former Trump Secretary of State and former Exxon-Mobile CEO, Rex Tillerson repeats the managerial view.

…click on the above link to read the rest of the article…

Bizarro World: The Herd Has Truly Gone MadYou’re not crazy. The world we now live in is

July 6, 2019

Bizarro World: The Herd Has Truly Gone MadYou’re not crazy. The world we now live in is

Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.
~ Charles Mackay (1841)

Like me, you may often feel gobsmacked when looking at the world around you.

How did things get so screwed up?

The simple summary is: the world has gone mad.

It’s not the first time.

History is peppered with periods when the minds of men (and women) deviated far from the common good. The Inquisition, the Salem witch trials, the rise of the Third Reich, Stalin’s Great Purge, McCarthy’s Red Scares — to name just a few.

Like it or not, we are now living during a similar era of self-destructive mass delusion. When the majority is pursuing — even cheering on — behaviors that undermine its well-being. Except this time, the stakes are higher than ever; our species’ very existence is at risk.

Bizarro Economics

Evidence that the economy is sliding into recession continues to mount.

GDP is slowing. Earnings warnings issued by publicly-traded companies are at a 13-year high. The most reliable recession predictor of the past 50 years, an inverted US Treasury curve, has been in place for the past quarter.

Yet the major stock indices hit all-time highs earlier this week. And every one of the 38 assets in the broad-based asset basket tracked by Deutsche Bank was up for the month of June — something that has never happened in the 150 years prior to 2019.

It has become all-too clear that markets today are no longer driven by business fundamentals. Only central bank-provided liquidity matters. As long as the flood of cheap credit continues to flow (via rock-bottom/negative interest rates and purchase programs), keeping cash-destroying companies alive and enabling record share buybacks, all boats will rise.

…click on the above link to read the rest of the article…

‘Modified’: A Film About GMOs and the Corruption of the Food Supply for Profit

June 25, 2019

‘Modified’: A Film About GMOs and the Corruption of the Food Supply for Profit

Parts of the documentary Modified are spent at the kitchen table. But it’s not really a tale about wonderful recipes or the preparation of food. Ultimately, it’s a story of capitalism, money and power and how our most basic rights are being eroded by unscrupulous commercial interests.

The film centres on its maker, Aube Giroux, who resides in Nova Scotia, Canada. Her interest in food and genetically modified organisms (GMOs) was inspired by her mother, Jali, who also appears throughout. Aube says that when her parents bought their first house her mother immediately got rid of the lawn and planted a huge garden where she grew all kinds of heirloom vegetables, berries, flowers, legumes and garlic.

“She wanted me and my sister to grow up knowing the story behind the food that we ate, so our backyard was basically our grocery store,” says Aube.

During the film, we are treated not only to various outdoor scenes of the Giroux’s food garden (their ‘grocery store’) but also to Aube and her mother’s passion for preparing homemade culinary delights. The ‘backyard’ is the grocery store and much of Giroux family life revolves around the kitchen and the joy of healthy, nutritious food.

When GMOs first began appearing in food, Aube says that what bothered her mother was that some of the world’s largest chemical companies were patenting these new genetically engineered seeds and controlling the seed market.

In the film, Aube explains, “Farmers who grow GMOs have to sign technology license agreements promising never to save or replant the patented seeds. My mom didn’t think it was a good idea to allow corporations to engineer and then patent the seeds that we rely on for food. She believed that seeds belong in the hands of people.”

…click on the above link to read the rest of the article…

Equality: A Beneficial Alternative to Collapse

September 13, 2018

Equality: A Beneficial Alternative to Collapse

What future shall we choose? Equality or inequality? Deep democracy or more limited forms? Sustainability and wise stewardship of resources, or exploitation for profit? You have a good idea of where current systems are taking us. A viable alternative path exists, and that path is science based.

InMarch 2018, Bloomberg news reported that income inequality in the United States had hit a disturbing new high. Not unlike atmospheric carbon dioxide, income and wealth inequality in the United States have been rising since at least the 1980s, under Democratic and Republican presidents, and Democratic and Republican Congresses. The Occupy Wall Street movement crystallized public attention on inequality in 2011 with its slogan “We are the 99 percent.” In 2014 the French economist Thomas Piketty wrote a masterful book on the subject that became a global best seller. His take-home message? Capitalism itself produces severe income inequality.

Yet with all the written words and public discourse on inequality, very little attention has been paid to its complement, income and wealth equality (or near-equality, essential equality). That discussion is long overdue.

Obviously, severe inequality of income and wealth benefits those at the top. But what about everyone else? Pick any dividing line, say the 70th, 80th, 90th, or even 99th percentile of family income or wealth. It’s difficult to argue that inequality helps those below the line as much as those above it. If it benefits everyone evenly, there would be little reason to prefer the 60th over the 40th percentile, for example, or the 90th over the 60th.

But we do have preferences. We toil and sweat, even sometimes step on each other’s heads, in hopes of climbing one rung higher. Higher is almost always preferred to lower, all else being equal. That’s because wealth has real benefits.

…click on the above link to read the rest of the article…

Flip This Well: How Fracking Company CEOs Get Rich While Losing Billions

May 30, 2018

Flip This Well: How Fracking Company CEOs Get Rich While Losing Billions

Last year the fracking company Halcón Resources announced a new strategy that was sold as the path to profits for the previously troubled shale oil and gas firm. The company had sold its stake in the Bakken oil fields in order to double down on the Permian shale in Texas. At the time, Reuters touted the deal as a “stunning turnaround” for CEO Floyd Wilson, and the good news immediately drove up the Halcón stock price by 35 percent.

“The sale of our Williston Basin operated assets transforms Halcón into a single-basin company focused on the Delaware Basin where we have more than 41,000 net acres,” Wilson said in a statement. He was making his pitch and investors responded.

However, the move was part of a familiar formula for those in the shale industry, which uses horizontal drilling and hydraulic fracturing (fracking) to release oil and gas from shale formations: Borrow lots of money, drill lots of fossil fuels at a loss, flip the company for a profit.

As the Reuters article points out, Wilson’s ultimate goal is to create excitement about the potential of its Permian basin wells and then flip Halcón, just as he’s flipped other shale firms: “Focusing on the Permian could help Wilson achieve his long-held dream of selling Halcón to the highest bidder.”

…click on the above link to read the rest of the article…

Propaganda, Confrontation and Profit

December 7, 2017

Propaganda, Confrontation and Profit

The waves, the artificial tides of anti-Russian propaganda continue to beat upon the ears and eyes of Western citizens, spurred by Washington politicians and bureaucrats whose motives vary from deviously duplicitous to blatantly commercial. It is no coincidence that there has been vastly increased expenditure on US weaponry by Eastern European countries.

Complementing the weapons’ build-up, which is so sustaining and lucrative for the US industrial-military complex, the naval, air and ground forces of the US-NATO military alliance continue operations ever closer to Russia’s borders.

Shares and dividends in US arms manufacturing companies have rocketed, in a most satisfactory spinoff from Washington’s policy of global confrontation, and the Congressional Research Service (CRS) records that “arms sales are recognized widely as an important instrument of state power. States have many incentives to export arms. These include enhancing the security of allies or partners; constraining the behaviour of adversaries; using the prospect of arms transfers as leverage on governments’ internal or external behaviour; and creating the economics of scale necessary to support a domestic arms industry.”

The CRS notes that arms deals “are often a key component in Congress’s approach to advancing US foreign policy objectives,” which is especially notable around the Baltic and throughout the Middle East, where US wars have created a bonanza for US weapons makers — and for the politicians whom the manufacturers reward so generously for their support. (Additionally, in 2017 arms manufacturers spent $93,937,493 on lobbying Congress.)

Some countries, however, do not wish to purchase US weaponry, and they are automatically categorised as being influenced by Russia, which is blamed for all that has gone wrong in America over the past couple of years. This classification is especially notable in the Central Asian Republics.

…click on the above link to read the rest of the article…

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