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The End of Time, Epilogue

First published January 1, 2008, the original work of fiction, "The End of Time," may now be closed to a brief comment in the reality of this, our own place and circumstance.

We may expropriate from future generations as much as we wish; in return, those future generations can take nothing from us but respect for who we were and what we did.

We have again and now plundered their land with our self-gratifying impunity, lying to ourselves that we are somehow doing this for them.

We are not. We are doing this for ourselves. We know that, and surely they will, too. Our choice of whether or not to acknowledge this is irrelevant: they, not we, control the words that will be inscribed about us in their history books.

In their time, in bitter disgust, those now very young and those yet to be born will plunder our graves of honor. It is their privilege and right; it is, in fact, their grim and solemn duty.

Without the past, which we have already bled of its treasure gifted to us, and without the future, which we are now about to bleed of its treasure gifted by us, we have reached the end of time, that circle of light in the present from which we have drawn what light the times that have passed could offer and from which we have no light to cast into the swallowing blackness of the ages and years to come.

Celebrate this day: we vanquished the past, and we have now sacked the future. Victory is ours.

The consequences are theirs.

00:41:25 on 02/15/09 by Dark Wraith · Future7 comments

"What should we do, sir, submit or fight?"

Henry Paulson and Ben Bernanke On September 29, 2008, in the wake of the defeat in the United States House of Representatives of the first bailout bill, officially called the Emergency Economic Stabilization Act of 2008, I published the graphic at left, illustrating the scorn for American taxpayers of the financial services industry. The two men in this graphic are United States Treasury Secretary Henry Paulson (left) and Federal Reserve Board Chairman Ben Bernanke, who testified before Congress that the global financial system risked collapse if the U.S. government did not immediately start buying up the hundreds of billions of dollars in failing mortgage-backed securities of financial services companies that had carried the instruments on their books at wildly over-valued levels.

The People (Who Matter) Have Spoken On October 3, 2008, a revised version of the bailout bill passed the Senate and then the House of Representatives, with President Bush signing the legislation that afternoon. The core feature of the new bill, the bailout of the financial services industry at a minimum cost of $700 billion, remained intact. Sweeteners designed to turn the legislation into a Christmas tree of desires for representatives who had voted against the first version of the bill ensured its passage in the second round. Expensive as they are, those added expenditures, promises, and mandates notwithstanding, the bailout bill is nothing other than a taxpayer-funded government giveaway to financial institutions that took excessive, imprudent, reckless risks for profit and, in so doing, ultimately placed their companies and, indeed, the global financial system at appalling risk. The U.S. Treasury Secretary and the Federal Reserve Chairman virtually told Congress that, unless the bailout bill passed, the irresponsible activities of those private institutions imperiled the stability of the entire global economy, and President George W. Bush said as much in his address to the nation on September 24, 2008.

While handing the U.S. Treasury the power to expend what could result in several trillion dollars of money the United States will have to borrow or print, since its expenditures already exceed by hundreds of billions of dollars its tax revenues, neither the original bailout bill nor the one that ultimately passed offered average Americans any relief whatsoever from the destructive economic downturn that has been underway for months. The bill that passed did not place a moratorium on foreclosures, which are putting millions of American families on the street. The bill that passed did not authorize the U.S. Treasury to bail out any homeowners or small businesses whose indebtedness now exceeds real asset value of mortgaged property. The bill did not make even the slightest attempt to bring under strict regulatory scrutiny and control the Federal Reserve, which has maintained a virtually zero-growth regime on the money supply average Americans use (the so-called "M1" monetary aggregate) while allowing the money supply used by massive financial institutions (the so-called "M3" monetary aggregate) to grow out of control. The bill did not make any mention whatsoever of mandating investigations of the regulatory agencies and personnel who had oversight responsibilities but were somehow unable to see, prevent, or even mitigate what came to be a "crisis" so severe that the President of the United States, in a historical and historic first, went before the American people to speak of looming economic disaster.

Despite overwhelming anger among constituents, the members of Congress capitulated to the threats from Wall Street, the Bush Administration, and the Federal Reserve. Despite an unprecedented influx of phone calls, e-mail messages, faxes, and other communications from average Americans, the members of Congress capitulated.

It is unlikely that even one elected representative saw my September 29 article, "To the Members of Congress Concerning the Bailout Proposal," in which I pointed out the stark similarities between the Bush Administration's manufactured hysteria about a collapse of the global financial system and its manufactured hysteria in 2002 about Iraq producing weapons of mass destruction that Congress needed to give President Bush the unfettered power to stop. Others who wrote articles condemning the bailout were similarly ignored.

The majorities in both houses of Congress did not listen to those who vote for them, nor did they listen to the writers, academics, and others who articulated in published works what was clearly and indisputably an overwhelming consensus of will against the bailout. Perhaps unique in modern American politics, last Friday, October 3, 2008, the United States Congress, together with the President of the United States, demonstrated in one act that the unquestionable, visible, evident, unarguable will of the citizenry is subordinate to the demands of something that is neither constitutionally recognized nor inhered of rights under any legitimate conceptual philosophy of natural law. In a battle of starkly defined opponents, Congress and the President chose the side of and made victorious that which is not even living, much less citizen.

Yet, despite that crushingly obvious reality, most of those who are reading this article will go to the polls on November 4 and vote for either Barack Obama or John McCain, both of whom voted for the bailout. Almost every last one of you, the readers of this article, will vote for one of these two men who have both indicated in no uncertain terms that your will means nothing to them other than that it will put them in a position of even greater power to ignore your will at their convenience and situational expedience; and you will cast your vote with no small degree of conviction that your chosen candidate will somehow bring change—reform, even—to a system that has ensured their rise to power within that very system. One calls himself a "maverick," the other lays claim to the banner of "hope and change"; yet these two men have already shown you which side they will choose when the veneer of democracy is denuded of its hiding places for raw power and greed.

Will there ever be a time when the politicians stop lying to us about their agenda? Not until we stop lying to ourselves about the wellspring of our powerlessness.

In the comment thread of my graphical post, "The People (Who Matter) Have Spoken," at Big Brass Blog, long-time friend Missouri Mule asked the salient question: "What should we do, sir, submit or fight?"

Given that she has known me for quite a while, she knows very well what my answer is. What she does not know is that I will not answer the question just yet.

There is no reason to expend great energy fomenting an angry mob to doomed rebellion when, not so long from now, that angry mob might very well become a desperate legion spontaneously exploding in all-consuming revolution.

Does that sound far-fetched? Indeed, it probably does, which means you really aren't ready for my answer to Missouri Mule's question. For your own sake, I genuinely hope you never will be. For our children's sake, I truly hope otherwise.


The Dark Wraith has spoken.

23:02:11 on 10/05/08 by Dark Wraith · Future18 comments

The 21st Century, Epilogue

The 21st Century, Epilogue

In 1999, the PBS series NOVA presented a documentary on the manned space race to the moon. Visually fascinating and quite informative—even to those who were thoroughly engrossed in all things NASA during the 1960s—the producers expended no small effort convincing viewers of the enormity of the technological, logistical, and theoretical challenges that faced the National Aeronautics and Space Administration as it prosecuted fulfillment of President Kennedy's 1961 vow that the United States would put a man on the moon by the end of that decade. So much had to be done to make this happen. Technological achievements were abundant, and no less so were large leaps in understanding of how everything from massive ships to human beings can move in space. Engines more powerful than anything ever before built by humankind had to be designed, constructed, and then used to heave thousands of tons up the sky, into orbit around the Earth, and then out of that gravity well into the black, barren ether from our planet to a child world we had seen since forever but had touched only in our dreams and literature.

What was done—what they who accomplished this did, what we as a very species did—was genuinely epic. The science fiction writer Ray Bradbury summarized the 20th Century processual change in our thinking with the titles of his two books, R Is for Rocket and S Is for Space.

Of the U.S. space program of the 1960s, the narrator of that PBS television program said that it was as if a slice of the 21st Century had been carved out and placed right in the middle of the century before it.

"Disruptive technology" is the name sometimes given to a feat of engineering because it is so extraordinarily different: so much more efficient, so lacking in use of existing ways of doing things, so innovative. Frequently, however, the disruption is only apparent: the technology that seems so radical is built upon ideas, work, and understandings that have been in development or even use for quite some time, perhaps even decades or centuries. Yet, still, the disruptive aspect is there because almost no one knows about all the work that came to be embodied in the amazing technology that suddenly arrives, seemingly in the blink of a single generation's eye, into the world of the known.

As the great achievement of putting a person on the moon illustrated, however, sometimes a disruptive technology can seem to vanish as quickly as it had appeared. After a few years and a few more manned missions to the moon, we stopped going; and we never went back, not for the long remainder of the 20th Century, not even in this first decade of the following century. It is as if the manned moon missions were, indeed, an out-of-place, out-of-context slice of another century set into the middle of a far less technologically advanced, far less prepared world. And so, even as a living thing that could manage to be born and grow to stun the 20th Century peoples of the Earth, its maturation required far more nourishment than that time, place, and people could give it; and so it died, leaving its seed for a more inviting, better prepared world of some tomorrow in the century from which its slice of life had been carved.

Although the mission to put a person on the moon might seem unique when described as a 'slice of the 21st Century' placed in the century before, it certainly was not: the 20th Century was a veritable grafting tree for apparently disruptive technologies that would come into the world of perception only to go away. Nuclear weapons are a striking example: used twice in short succession, these bombs so phenomenally more powerful and destructive than any war weapon ever before built then simply vanished from use to their intended purpose. And just like how the technologies and work on space missions survived the end of the successful Apollo program, so too did the technologies and work on nuclear weapons continue apace after the successful attacks on Hiroshima and Nagasaki. Certainly, people talked endlessly about nuclear weapons after World War II, just as people went on, sometimes breathlessly, about missions to the moon and beyond after Apollo; but neither moon landings nor nuclear attacks ever again occurred. Historical records have the last say: both technologies vanished from operational use.

Yet another technology came and went in the middle part of the 20th Century; but to note this one, the term "technology" must first be elucidated in a way somewhat unusual to common understanding. In typical usage these days, "technology" carries a connotation of something improved, probably electronic or otherwise employing very modern devices, but this usage of the word is only exemplary of technology as a much broader thing. "Technology," in its general sense, is just the combination of the five production factors—land, labor (brute muscle), human capital (knowledge and learned skill), physical capital, and (in capitalist types of economic systems) entrepreneurial skill—used to produce a good or service. To make or create something, various combinations of the input factors might be employed, each with some cost associated with it. Some combinations work better than others to make specific things and provide specific services, and as a general rule, the most efficient combination to a given purpose tends eventually to dominate, although efficiency might be measured in some societies by measures other than mere cost per unit of output.

In terms of what is produced, technologies are always, by definition, being deployed. Some goods and services do not exist because no combination of inputs has been found to render the needed result. Before any "thing" can be made, of course, the very idea of it must first come into existence, and this is where the essence of human imagination has its great strength; but the idea must be brought by some means from the mind to the world of reality, and this requires the imagination of a combination of the factors of production that might accomplish the realization of the idea. In capitalist societies, the factor of production called entrepreneurial skill takes on this task: some person or group bears risk in combining the other four factors to the conscious or unconscious purpose of garnering a reward at least as great as he, she, or they would earn from doing the next best thing with their time, minds, resources, and energy. In what are called "command economies," this task of bringing together those four factors of production is assumed by a central authority acting perhaps for the good of the society or for those in control of the machineries of state. But whether by the initiative of those pursuing free choice in trying to make money or by the authority of sovereign controllers pursuing large ambition, ideas are brought to reality by combining factors of production in such a way that output is created; and the number of ways of combining the production factors is so vast that it might be that there is simply no limit to what can be made once the idea of it comes to someone and then one or more ways of combining the factors can be worked out to get an actual product or service into the world.

Technology, then, is a possibly infinitely large set of variations on land, labor, human capital, physical capital, and the willingness and ability to combine those first four. For example, one technology for making fire might involve flint, stone, and some dry grass, along with a bit of brute muscle (labor) and a learned or developed understanding (human capital) of how to use the muscles and other stuff to get the fire going; yet, that same flint, stone, dry grass, labor, and human capital might be used to make something else, instead. Furthermore, other technologies exist for making fire, technologies that employ quite different levels of some factors and perhaps not a bit of others that are used to make fire the old-fashioned way. Even more astonishing upon careful thought is that some of the very same factors of production (labor and human capital, for instance), combined with other resources, can be used to make something completely and fundamentally different from fire, something like, say, an axle for a truck, a masterpiece of sculpture, relief from a hard day at work with a back massage, or the pleasurable sensation of good music.

Technology is capable of rendering anything, and all that separates the 'what might be' from the 'what really is' boils down, first, to what has been imagined as possible and, second, to what combination of productive factors can make it real.

In this light, "disruptive" technology is nothing other than a combination of productive factors far outside the typically marginal steps that are taken from one means of production to another. Flying to the moon and back—certainly imagined for ages—required an extraordinary effort to develop the full gamut of inputs and combinations thereof that would be capable of turning the idea into reality. Annihilating cities with single bombs, once again, required extraordinary effort to develop a previously uncontemplated inventory of inputs and combinations thereof that could turn what was also an age-old dream—in this case, utterly staggering, city-wide, virtually instantaneous destruction of property and lives—into reality.

Briefly stepping back from the truly awesome aspects of lunar landings and nuclear annihilations, though, the disruptiveness of the end results of such technologies is only relative. Over and over again, across the world, adventurers had throughout history flung themselves on voyages of unimaginable duration and peril; and by the same token, so too had the belicose wrought upon others unimaginably horrific destruction in what to the times was the blink of an eye. The great "disruptive" technologies of our own ages are but the most recent in a continuing history of technologies disrupting the world and leaving its people in awe and wreckage.

Nevertheless, traveling to another celestial body and wiping out entire cities with single bombs were both extraordinarily impressive to the peoples of the mid-20th Century, and so each rightly stands as disruptive to its time: they were, indeed, slices of the 21st Century arriving, then departing, a world not braced for the impact of the profound novelty of the end results.

Taking "technology" in its broadest sense, the 20th Century holds in its fading inventory another disruption worthy of note. This other disruptive technology was one of governance, a means by which society could be organized to the desired—not necessarily achieved, but nevertheless desired—end of maintaining internal stability and external security. In the celerity of its rise from the ashes of a defeated state, the scope and scale of its outward, militaristic push, and the sheer phenomenality of its willingness and ability to kill people by the millions, European fascism rightly stands as a disruptive technology of the 20th Century. Other states in historical proximity might have carried one or more of its striking features—certainly, Stalinist Russia and Maoist China qualify as superficially comparable experiments—but fascism stands alone in the technology it employed to govern by means of power consolidation within the states it infected, the speed and power with which it projected outward from its ideological and political bases of birth, and its sweeping, rapid, systematic, conscious use of human slaughter to achieve its perception of what constituted both internal stability and external security. And just like the other disruptive technologies described above, fascism was disruptive only in a relative sense: history offers many examples of quickly rising, unbelievably violent, hegemonic states; yet, just like the lunar landing program and nuclear weapons program, fascism stood in its time as a technology that legitimately merits the term "disruptive."

And there it was, right smack in the 20th Century. It arrived, it shocked an unprepared world, and then it seemed to vanish. As if by the magic of the words "never again," fascism evaporated in the overweaning hubris of the Allied victors hanging the men who had served their purpose as the faces of something far more evil than human souls, even in their collective madness, could construct from mere ideas brought to the world of the real by some remarkable combination of productive factors.


Only those completely bereft of futuristic hopes would claim people will not return to the moon and, in fact, go far, far beyond that small staging ground to the planets and then, someday, to the stars. That slice of the 21st Century will find its way back to where it belonged in the first place, not because it will again be disruptive, but rather because the process never ended, even as the outward product of the process was no longer seen by the common people. By that same motive force defying the terms of a single age and the limits of imagination of the people who populate it, nuclear weapons will again be used, not as disruptions to the time of their reintroduction in 21st Century war theatres, but as the inevitable operational outcome of processes that never ended even though use of the final products stopped so abruptly in 1945.

So, too, will fascism return, motivated as it was in its first instance by forces featured in awful ideas and violently sweeping solutions never globally addressed when its European version was crushed and hauled away in body bags from the gallows at Nuremburg.

The slices taken from the 21st Century will find their own ways home to their own time, where they will no longer be disruptions, but instead, anticipated arrivals to the world that will surely believe it needs them.

Anticipate too soon the return of previously disruptive technologies and thereby find frustration; believe that the undesirable of those old technologies can be stopped and thereby find even greater frustration. We will return to the moon and then go on to the planets, finally settling some of our kind there, not because we want to do that, but because it is the way we will escape, as people always have, the pressures of states and their weapons of repression that always attend too many people and too many ways to deny them their mind to free will, mythical as that might or might not be.

We will use nuclear weapons on one another again, and all the angry demands to forestall that time will be for naught because sovereignties and peoples cannot be stopped in the long run from manifestly fullfilling their belief that what they will do, however horrific it is, simply must be done because beliefs must endure, even if millions must die for the immortality of the imagined.

We will return to repressive states—to fascist and quasi-fascist means of governance—and the frustrations now evident as those who apparently could stop it, like the Democratic majority in the United States Congress, simply cannot stop it. Despite their representations to the contrary, Senators and Representatives just keep allowing further and further inroads into what at one time were unassailable and precious liberties of the "We the People" of this nation.

The re-emergence of the fascist technology of goverance is the Hegelian "historical inevitability," only Georg Hegel perhaps did not appreciate the processual imperative driving what is easily mistakable for mere similarities of precedents leading to similarities of outcomes. The world is, in fact, far more consistent: rending the weed from the soil does nothing to its roots; tearing the roots from the ground does nothing about its seeds; burning the very ground on which the seeds have scattered does nothing to prevent nature from bringing back, in another time, the very same intruder which, when all have wearied of the fight against the menace, will finally be accepted as part of the landscape. Stories about the weed when it first arrived will become fables about the flowering vine that was always there, even when no one could see it.

The 21st Century will proceed through its course, no less and no more than that for which it was born. Its peoples might have been prepared for its grand and fearsome inevitabilities if not for the awe with which they were blinded to forethoughts of inevitable, unstoppable triumph and grief in the generations and times to come. Even then as it proceeds, the 21st Century thus stands in epilogue.


The Dark Wraith has spoken.

13:08:04 on 10/11/07 by Dark Wraith · Future18 comments

Quoth the Dark Wraith

The Federal Reserve is holding its annual conference, and Chairman Ben Bernanke is doing a fast two-step. The anti-inflation hawks know very well that the massive overhang of liquidity the Fed has pumped into the economy, first to keep it alive during the Bush Administration, and now to keep it from rotting under the Obama Administration, will sooner or later come back as a price spiral like none we've seen in decades. On the other side are all the howlers pounding their fists for the Fed to crank up the money-printing engine to keep the economy from going into total zombie mode. The Fed has dug its own grave, and now Uncle Bennie has to live with the consequences of years of irresponsible monetary policy that has coddled years of irresponsible federal taxation and spending decisions.

Never mind all of that, though. Speaking as an unforgiving, ill-tempered economist who has a darned good track record when it comes to doom and gloom predictions about economic matters, I have some simple advice for the Mr. Bernanke about that conference the Fed is conducting right now:

Mr. Bernanke, your institution is sponsoring the annual Fed conference in Jackson Hole, Wyoming, a really upscale mountain resort favored by fancy people with lots of money and too much time on their hands spent in out-of-the-way mountain resorts. I passed through Jackson Hole once. It was ridiculously arduous getting there in the kind of car I drive, everything was obscenely expensive, and the town was nothing but a compressed mish-mash of ludicrously fancy shops, salons, restaurants, and assorted other businesses that no normal person should spend money patronizing.

Ben, you and your fellow Federal Reserve people have no business being there spending public money on such lavish excess.

Right down the street from where I live are some excellent, big, cheap hotels. The Motel 6 could handle all you Fed people and a bunch of slavish reporters, as well. Right across the street is an all-night Denny's restaurant where you could eat, talk, and make important decisions over Grand Slam breakfasts and nightly burgers. Nearby is a Walmart and a Dollar Tree where you and your people could get souvenirs. And if you're into that kind of thing, there's a huge truck stop less than a mile away, out by the interstate, where you could hook up with some skinny lot lizards who'd be quite impressed with your credentials, if not your more southerly endowments.

Next year, Ben, call me. I'll take care of all the arrangements, here. I'll even talk to the graveyard shift manager at Denny's (he's a former student of mine) to make sure you get the royal treatment. Ditto for the girls at the truck stop (who aren't former students of mine, at least to my knowledge).

I'll be waiting for your call, Ben.

Sincerely,
Dark Wraith

The Art of Grousing

August 11, 2010 — A large can of green beans, mixed with some instant mashed potatoes. That's what I had for dinner. It was pretty darned good and quite filling. In fact, considering that I eat very little anymore, it was too filling. WAY too filling.

I'm sitting here in actual, serious discomfort thinking to myself, "Any minute, I need to detonate or something," and if those stupid instant mashed potatoes were over-salted like so much packaged food is, these days, I'm going to start swilling water and then be writhing on the floor going, "GHAAAA!"

I should have eaten just the green beans, but NO! I had to see that packet of mashed potatoes in the back of the cupboard and go all fancy with my meal, tonight. So much for doing anything for the next couple of hours except making "GHAAAA!" sounds and weirding the cats.

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Washington Monthly has just caught up with a rather troubling trend sweeping the nation's cash-strapped school systems: kids being required to bring their own toilet paper to school. As some commenters there noted, this nonsense has been happening for at least several years in some school districts, but it is apparently now becoming so common that a few national media outlets are publicizing the disgraceful situation.

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This is a somewhat long but outstanding article by the senior editor of Alternet: "In This Article, I Show How Easy It Is For Peaceful People to Violate the Patriot Act and Face 15 Years in Jail." The analogies and examples are well crafted and serve, by the end, to demonstrate just how far from the constitutional right of "free speech" the U.S. Supreme Court has taken us and how the Patriot Act has become a force contrary to American citizens' work in conflict resolution. Along the way in the article, note that it was the Department of Justice under our current U.S. Attorney General, Eric Holder, that successfully argued the case for repression of free speech before the Right-wing Supreme Court. (Also note that the writer managed to slip in the irony of how those same extremists on the high court have now recognized a free speech "right" of corporations at the same time the right accorded citizens is being truncated.)

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This blog offers Internet travelers a place where they can discuss economics, finance, politics, and other topics of scholarly and practical interest to thinking people. Your comments are always welcome, and your visits are most appreciated.

About the Publisher

The Dark WraithYour host of this Weblog is an award-winning college teacher and writer who specializes in economics, finance, mathematics, business administration, computer hardware and software skills, and English grammar and composition. His extensive writings on the history of the English language appeared on About.com in the avatar of the Selig Wraith in the Medieval History Forum. Under the umbrella of Dark Wraith Publishing, he now writes on economics and politics as the Dark Wraith, serving as editor and publisher of this online magazine, The Dark Wraith Forums, as well as the group Weblogs Big Brass Blog and The UnCapitalist Journal, in addition to the blogScream News Wire service.

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