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View Diary: Extraction (26 comments)

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  •  Our whole economy is dependent (12+ / 0-)

    upon extraction of one type or another, be it natural resources or fiscal resources, and funneling the proceeds upward to a few wealthy individuals and corporations.  

    It is sad, isn't it to see what was once a piece of our commonwealth that had been used in a sustainable way, be plundered by a corporation for profit.

    Nice diary.  Tipped and recommended.

    "Growing up is for those who don't have the guts not to. Grow wise, grow loving, grow compassionate, but why grow up?" - Fiddlegirl

    by gulfgal98 on Fri Jun 14, 2013 at 09:26:39 AM PDT

    •  I had to stop myself! (9+ / 0-)

      There is such a striking parallel between extracting natural and fiscal resources.  Perhaps that's material for another diary.


    •  Fossil fuels especially belong to all peoples of (1+ / 0-)
      Recommended by:
      lehman scott

      the earth. All species really. I think the only species that predates most fossil fuel deposits (about 400 million years) is the horseshoe crab. Here's what Jim Kunstler says about fossil fuels and our economy.

          What’s going on is as follows: America’s central bank is trying to compensate for a floundering economy that will never return to its prior state. The economy is floundering because its scale and mode of operation are no longer consistent with what reality offers in the way of available resources at the right price, especially oil. So, rather than change the scale and mode of operations in this economy — that is, do things differently — we try to keep doing things the same by flushing more “money” into the system, as though it were a captive beast receiving nutriment.

      Reaganomics noun pl: belief that government is bad, that it can increase revenue by decreasing revenue, and unregulated capitalism can provide unlimited goods for unlimited people on a planet with finite resources.

      by FrY10cK on Sat Jun 15, 2013 at 04:55:07 AM PDT

      [ Parent ]

      •  Exactly. And Kunstler nails it. (1+ / 0-)
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        IMO the root cause of the 2008 financial collapse was not greedy bankers or their employing institutions; the collapse was, rather, a symptom of a floundering financial system seeking any means necessary to stay viable in an environment where the debt-based growth which the system needed to survive was no longer possible in the aggregate.  Economic growth as they have come to define it is over; the steady-state economy approaches and there is nothing they can do to stop its inevitable arrival.  And the longer that they, and we, delay in facing that reality and retooling our financial systems accordingly, the more difficult and painful the transition is going to be.

        What traditional economists badly need to relearn is that the economy is not separate from the environment or even embedded within it.  The economy is the environment.

        Pessimism of the intellect; optimism of the will. - - Antonio Gramsci

        by lehman scott on Sat Jun 15, 2013 at 08:26:27 AM PDT

        [ Parent ]

      •  when pouring ever more fuel on the fire (1+ / 0-)
        Recommended by:
        lehman scott

        does not result in ignition, it is a sure bet the fire has gone out.
        The extractive/exploitative/expansionist model of economic activity is dead already. The quacks hovering over it are still in denial, but dead it is. Exhibit A is the increasing amount of cannibalism, chiefly things like hedge funds and the runaway financial sector. It never had a chance on a finite planet, anyway, and nature is here to collect the debt owed.

        Last full month in which the average daily temperature did not exceed twentieth-century norms: 2/1985 - Harper's Index, 2/2013

        by kamarvt on Sat Jun 15, 2013 at 11:02:54 AM PDT

        [ Parent ]

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