This book is buried buried buried.
This book is a sensational deconstruction of the myths of scarcity and the creation of artificial scarcity to maintain a cartel that spans energy and Exchange.
” in the long run the antitrust approach offers greater protection to the public
interest than any conceivable form of regulation. In mutual dislike
rather than in mutual understanding there is strength. Moreover, by
making an industry’s behavior depend on the judgment and actions of
many buyers and sellers, the competitive approach minimizes the harm
that can be done by any small group of individuals, thereby making
influence and corruption more cumbersome, expensive, and of most
importance, ineffective. “
Would that we had listened and learned from the book published in 1976.
Charles A. S. Hall’s Cover blurb for the Carey w King Tomb is I think a fair reaction to what is a long and complex book. The author himself says that the lengthy quotes ( for context) and juxtaposition of opposing narratives are overly long
As a choice for the material, I question the wisdom of the choice but congratulate the effort, the net result if one is being generous, works and is fittingly described in the blurb by a giant in the field of Energy-Based economics( Political Economy)Prof. Charles Hall.
Marx via Schumpeter makes an appearance late in the book, which saves some face on the shortcomings in monetary theory, and the influence on the Author’s thinking of Prof Steve Keen’s own flavour of heterodox Economics shows, also in reflecting Keen’s own limitations. The Authors dislike of Matt Riddley shines through and gives a tell to the Authors own inclinations, an admitted likely failing in his own introduction (“I discuss many matters as objectively as I can, but I don’t claim that either, or anyone can be perfectly objective. “) Well said.
The Chapters on Debt and Finance are fine as far as they go and the Schumpeter quotes save the whole piece to my own tastes for a better grasp of Shumpeters insights into the money as credit context see Werner, much of the polemic even allowing for putting both sides is hackneyed retreaded phony “enfant terriblism” of the Leather jacket like Yannis’ variety.
Getting the niceties out of the way the Lacunae is the old apples and Oranges problem encountered at the SEEDS Surplus Energy Blog of Dr. Tim Morgan, Dangerous Exponentials, and The Perfect Storm.
In Short, the book is an exercise in knocking down mutually opposed straw men arguments, much of the argumentation I take no issue with whatsoever but the Ultimate apologetics for the discredited Climate Scientism and advocacy for Carbon indulgences ( SPASH #WrongKindofGreen Brave New World of Carbon Trading ) coupled with a failure to consider International Finance and PetroDollar hegemony which is an effect that the Authors own “Swing producer” price stability arguments for Texas in 1935, and in which we find ourselves living again in a deflationary age of a Quasi Petro/Carbon Gold Standard.
Dr. Mackintosh’s book is a risible screed of cliche and Teenaged emo angst pseudo-intellectualism. The seriousness of the academic rigor is amply illustrated with quotes from Greta(fig 1)( No Climate facts then?) and Attenborough.(Fig 2)
The pessimistic predestined Calvinist would be commissar gives Gem Bendell of Deep adaptation fame a serious run for his money, in the inauthenticity of their “Clinton Thumb Sincerity”
The better Book to read if one wishes to explore these issues is The economic superorganism by Dr. Carey King. Mackintosh’s effort can be viewed as an absurdist caricature along the lines of Zinoviev’s The Yawning heights, read straight it’s just a Yawn I’m afraid.
The driving motivation behind the accelerated rush to a Techno Fascist Feudalism has been occupying my mind for the years leading up to the Repo Spike in New York in September 2019.
In the Financialised economy and with the CBDC push tied to Digital Id’s, we see a symptom of the appearance of what the system is trying to preserve, namely itself and its Monopoly ingroup. The real Economy is put in the position of trying to make bricks without straw, a misallocation of resources, and the Credit tokens to acquire those resources.
The Dominant Resource tieing the Financial system’s real potentials to the Real potentials of the real economy is the Flow of Energy resources and Primary resources through the economy. It would seem that a Hard limit on available energy to sustain the present industrial output of the global economy has been hit, what seems inexplicable is the Priorities touted in narratives regarding Why our largest Energy Sources the Hydro Carbons, Gas, Oil and Coal, and the largest potential replacement for them Nuclear are being demonised? It is more properly described as being stood down, why? Climate Change, The Climate Crisis, The Plague of Humans. (1)
“The purpose of the 4th Industrial revolution is to stymie the development of energy resources and to control Population and growth and instigate rapid population decline”.
The cakes currently burning King Alfred style were placed in the Oven in the pivotal period.
2015 Election, Feb 2016 oil price low, 2016 Brexit/trump, 2017 Election, September 2018 Repo Spike 2019 Election, Covid 19.
Covid 19 is a distraction the main currents date back to policy following the break up of the Soviet Union, 1990, 2000 Dot Com Bubble, 9/11, 7/7, 2008 GFC 2010 Coalition and
Build Back Better Going Direct and 4IR are all Political Slogans for the Trilateral World Government party, which represents only the hybridized Elite Billionaire class and their lackeys. Differential accumulation is their only concern and also of course population control.
Mackintoshes book shares the following “Quality” with Carey, it is an apologetic, a Polemic, A Narrative. Careys is better disguised Though.
“In Short, the book is an exercise in knocking down mutually opposed straw men arguments, much of the argumentation I take no issue with whatsoever but the Ultimate apologetics for the discredited Climate Scientism and advocacy for Carbon indulgences ( SPASH #WrongKindofGreen Brave New World of Carbon Trading ) coupled with a failure to consider International Finance and PetroDollar hegemony which is an effect that the Authors own “Swing producer” price stability arguments for Texas in 1935, and in which we find ourselves living again in a deflationary age of a Quasi Petro/Carbon Gold Standard.”
An Excellent look at the UK property Market.
All the parameters are defined clearly and the Authors own
take is refreshingly present throughout.
This book along with Chloe Generation RentTimperly’s Generation Rent,
Both add significantly to the DIalogue which should be happening around the “Housing Crisis”
These are questions which this reviewers own Volume House Building company is actively engaged with.
Home@ix The Affordable Homes Series
Well done Bob Colenutt on setting out this intractable perennial of British Political Economy.
An excellent exposition on the subject , Wonderful.
KKR were a precursor to the re-emergence of the new breed of Philanthro/Oligarch robber barons.
The genesis of the 1980’s boom-bust looting was the “Energy Crisis of the 1970s, re-read this book after this one.
Miracles of the (Gadarene) Swine, induced not by messiahs but by the enchantress we call “The media”?
I read this book in the summer of 2010, to say it had a profound effect on my own critical thought processes is to do the book a huge injustice.
My appreciation of the book has only grown as I have explored wider implications of some of the political realities of the cartoon of Capitalism sold to me as I studied land economy in the first half of the 1980’s.
The path I set out on reading this book in many ways ends with a review of a book I am still studying
and that is this one.
Would that we had listened and learned from the book published in 1976.
That anyone could doubt, that the mind that wrote this thesis has wrought considerable influence on subsequent events, is, incredible.
The Real Politik of surface appearances and presentation of events is less than “Honest” “True” “Accurate” “Real” or indeed “Politik” and for a glance at the cards of the real game Dr. Kissinger has been playing all these years read this book.
“The key fact in the new development of plutocracy is that it will use its own blunder as an excuse for further crimes. Everywhere the very completeness of the impoverishment will be made a reason for the enslavement; though the men who impoverished were the same who enslaved. It is as if a highwayman not only took away a gentleman’s horse and all his money, but then handed him over to the police for tramping without visible means of subsistence. And the most monstrous feature in this enormous meanness may be noted in the plutocratic appeal to science, or, rather, to the pseudo-science that they call Eugenics.”
UTOPIA OF USURERS G K Chesterton.
This satire I read one summer back in the later half of the naughties on a visit to Sweden, I found it in the English books section of the local book shop in Ängelholm.
It is a crushing satire of the binary mythologies that obscure the blindingly obvious. The Mythologies in question of, the “early swervers” and the “work to rulers” could have been tailored for the Mask/no mask , or any of the red/Blue team binaries dominating the Narcissism of small difference engendered by and amplified mercilessly by endorphin fueled social media tribalism.
I add this final review which expounds on the danger of thoughtcrime in tackling matters outside of the wholesome Overton window.
When the Blair book the subject of this post first appeared it had, of course, to be smeared, He died so suddenly after its publication that the Smear had to be published posthumously but here it is never the less.
Factions. In The GE2019 What have the Trots ever done for us?#TwoFingers2Brino @wiki_ballot #4Pamphleteers @GrubStreetJorno @Survation @wiki_ballot @financialeyes #WIKIBALLOTPICK #IABATO #SAM #GE2019 Roger Lewis ( Porthos) @JoeBlob20
Pardon me. Men of business do indeed know how they themselves
made their money, or how, on occasion, they lost it. Playing a
long-practised game, they are familiar with the chances of its
cards, and can rightly explain their losses and gains. But they
neither know who keeps the bank of the gambling-house, nor what
other games may be played with the same cards, nor what other
losses and gains, far away among the dark streets, are
essentially, though invisibly, dependent on theirs in the lighted
rooms. They have learned a few, and only a few, of the laws of
mercantile economy; but not one of those of political economy.