movement, movement

Long Live Gravity

Posted in culture, economics, philosophy, politics, quotes by amoslanka on October 28, 2008

When I hear the stock market has fallen,

I say, “Long live gravity! Long live

stupidity, error, and greed in the palaces

of fantasy capitalism!” I think

an economy should be based on thrift,

on taking care of things, not on theft,

usury, seduction, waste, and ruin.

Wendell Berry

(ht)

I’m loving this quote in particular for the term “fantasy capitalism”, one that draws parallels to the debt culture we live in. In following our dreams of comfortable life in this country, we have long since left the land of liquid assets and entered into the realm (to stick with the fantasy imagery) of spending power. A theoretical economic system with potential, no doubt, but one that deceives us into believing there is no end to its goodness. (And I use the word goodness lightly)

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3 Responses

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  1. chadhend said, on October 29, 2008 at 2:40 am

    I totally agree! I mean, when you have a nation of people living on credit cards and debt, ruled by a government that is getting by only on debt and encouraging people to spend more… well, that doesn’t sound so healthy and balanced, does it? The tricky part just seems to be that the entire economy, and maybe the world economy (I’m no expert, haha) seems to be based on the idea of growth, and really how much can it keep growing before we use up our resources or ruin everthing in the process?

  2. Brittany said, on October 29, 2008 at 7:23 am

    I am reminded of a quote I heard yesterday. Sometime in the early 90’s Donald Trump is walking in New York with his daughter. There is a homeless man sleeping against a Trump Tower.
    “That man is richer than me” he says to his child.
    At this time the Trumps carried more debt than a small nation. Yet still he lives a life of excess.

  3. amoslanka said, on October 29, 2008 at 9:50 am

    @chad — you’re right about the notion of perpetual growth. we seem to have forgotten (if we ever knew in the first place) the law of diminishing returns.

    The latest movements in environmentalism seem to attempt to reconcile the devastation of limited natural resources, or at least to find sustainability, but even then they come vastly short and themselves seem to encourage consumption of different rather than less.

    I think the key to both environmental concerns and economic concerns is limit.


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