Debt, debt, debt, the problem is debt.
Dr. Michael Sosteric | Oct 07, 2011 | Comments 0
The world is in turmoil, the Euro in crises, and now the heathen masses are occupying Wall street and demanding change. But what kind of change to demand? What to do to alleviate the suffering? How to fix the current crises? Well, first step is to figure out what the problem is, and that’s easy.
The world is in turmoil, the Euro in crises, and now the heathen masses are occupying Wall street and demanding change.
But what kind of change to demand?
And how to fix the current crises?
Well, as much as Wall street pundits and economic gurus might like to talk about stimulants, competition, austerity, and all that jazz, it really all comes down to a single issue of debt. The global economy is designed around the extraction and accumulation of labour power, and that extraction has reached terminally toxic, and crises proportions. The core logic has run its inevitable course and now no amount of poking, prodding, or “stimulation” will solve the problem
Not to worry, though. The solution is easy to conceptualize and its implementation is not outside the boundaries of reason and logic. We can solve the problem instantly and with a potentially utopian outcome by releasing accumulated labour power.
Does this sound mysterious and esoteric?
Does this sound like something only a PhD in economics can understand?
Not at all.
Strip away all economic EPMO and intellectual garble and it is really quite simple and easy to understand.
You can [amazon_link id="1897455119" target="_blank" container="" container_class="" ]buy the book[/amazon_link] and join the discussion.
Filed Under: The Lightning Strike
About the Author: I'm a sociologist at Athabasca University where I coordinate,amongst other things, the introductory sociology courses (Sociology I and Sociology II). FYI I did my dissertation in the political economy of scholarly communication (you can read it if you want). It's not that bad.
My current interests lie in the area of scholarly communication and pedagogy, the sociology of spirituality and religion, consciousness research, entheogens, inequality and stratification, and the revolutionary potential of authentic spirituality.
The Socjourn is my pet project. It started as the Electronic Journal of Sociology but after watching our social elites systematically dismantle the potential of eJournals to alter the politics and economies of scholarly communication, I decided I'd try something a little different. That something is The Socjourn, a initiative that bends the rules of scholarly communication and pedagogy by disregarding academic ego and smashing down the walls that divide our little Ivory Tower world from the rest of humanity.
If you are a sociologist or a sociology student and you have a burning desire to engage in a little institutional demolition by perhaps writing for the Socjourn, contact me. If you are a graduate student and you have some ideas that you think I might find interesting, contact me. I supervise graduate students through Athabasca Universities MAIS program.
What to know about the nature of money, the value of money, and money's role in our modern economies of exchange, then download The Rocket Scientists' Guide to Money and the Economy and let the truth set you free. [
Sociology for the revolutionary in you. 