Sunday, 17 July 2016

THE BIG SHORT or The War Of All Against All

The following is the edited version of an exposé currently featured in the 18th revised edition of The Moonshine Memorandum (see below): 

"Everyone, deep in their hearts, is waiting for the end of the world to come." 
The Big Short

"Holy War will soon begin in Europe! "
Meylut Cavusoglu, Turkish Foreign Secretary (March 2017)

And so the world holds its breath, not for the countdown to nuclear war, which is all about the three to five minute experience, but for the war of all against all. And I am drawn to these thoughts, some twenty years earlier, not because the world is on fire now, but because the fuses have been lit and there is nothing anyone can do to snuff them out. The war to end all wars will not be fought with weapons of mass-destruction. The last war will be polygonal. Which is all about the exchange of an eye for an eye.
      Let’s face it, in a world which conceives of the perpetuation of unlimited demographic growth inside a closed ecological system and which admits that the number of its occupants is increasing by the amount its space is diminishing, nobody has an exit strategy. Which is why it would be absurd to propound solutions. We are in a race against time, and we are steadily losing. With well over one million humans added every single week, solutions, quite frankly, do not exist. 
        It may seem remarkable that calculations  can be reliably performed for describing a state of affairs that is so volatile. However, the figures on 
which such estimates are based are not controversial. The Big Short told the story of a small band of traders who made billions by betting against the US housing market during the sub-prime boom that triggered the 2008 financial crash. And we appear to be caught in the same type of infinite regress. Underwriting 'securities' such as decent housing, work opportunities, health care, and social services backed by 'subprime' human beings is a favourite market-beating commitment of liberal democratic governments. Think Bear Stearns, Lehman Brothers and Merill Lynch chasing unattainable incentives that forces them to place potentially absurd bets, when the actual fact of the matter is that they are gambling people's lives. "Shorting" doesn't begin to describe the odds: over one-and-a-half-million humans net, added every single week. That is Morgan Stanley's credit default swaps on acid. Especially when we know they are all but certain to fail. 
      The next global crisis isn't what you'd expect. It is made up of sub-prime demographics, accumulating population default swaps, contraceptive military correctives, social inequality, failing communal services, an overheated climate and rising tides. Or can you think of any better reason why we are raising a generation of murderers and terrorists. For they are betting against the market. They are the symptom of the things that can only get worse. An echo of your own worst fears: the war of all against all.  Unlike other wars, this one will have no final objective. It is a war without end. The most telling development here, it seems to me, is the growing phenomenon of global terrorism - mass violence with practically nothing at stake - which appears to have shifted the world’s axis of potential discord from a division of the world along national lines to polarities whose boundaries can no longer be determined geographically.  Warfare will cease from now on to be
applicable in terms of political geography and the diplomatic and military relationship between constitutional nation states. Military supremacy has no deterrent value. Demographic densities make nonsense of diplomatic subtleties. Warfare has become a peacetime reality, ideology is a virtual State, religion the great spiritual disease and accusations of racism the last refuge for all displaced and disaffected souls... 


 Malleus Maleficus is  an advocate of English liberal democracy, and the  anonymous author of an historical apology of the British Empire.

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