The Next Great Depression

Everything seems to be functioning as normal. People going to work, seeing their families, eating and sleeping. I am anxious though: cracks that appeared in the world economy in 2008 are not healing, they are getting worse.

I am a child of a recession in the 1990s, so I feel like I should know better than to cry that the end times are upon us. We will probably be fine. They can print some more money and we will most likely pull ourselves from the brink.

In Denmark, it is all going wrong. Once a Scandinavian Socialist Paradise, it is now a place of high income tax and medium-to-low-to-none corporate tax with poor public services. The workers are being asked to put in more hours for the same pay. Some workplaces are relocating to cheaper countries. The heavily state subsidised public services are undergoing massive cuts which leads to a major reduction in quality.

In the UK, a civil servant leaked the plan to transfer the state’s debt into the personal accounts of everyone in the country. The way they would do it: reduce services so that individuals must make up the shortfall. Hey Presto! Debt dissolves into the bank balances of everyone else. It was leaked and almost no one cared because hardly anyone understood.

In the US, massive tax breaks have been awarded to the richest whilst debt is being redistributed to those with middle incomes.

Capitalists continue to crash economies like Greece’s with sleight of hand and bad faith.

Some people are getting incredibly rich and the people in charge are too greedy or too whipped to do anything about it.

I have read and seen several great arguments for what to do, including several pleas from the rich to be taxed more fairly, in line with everyone else.

Does no one know their history? Imperialism and income inequality never goes very well for those on top. Peasant revolts, guerrilla warfare, revolutions and uprisings. If the rich do not sort themselves out, it will end very badly for them.

This is an occupation, the people at the top do not belong to our countries. They do not pay our taxes. We pay tribute to them. We keep them there on top out of fear and habit.

There are probably hundreds of potential Che Guevaras out there, ready to take up the cause and it is going to be a blood bath if even one of them gets hold of the popular imagination. It is so avoidable.

There have also been leaders who suggested pacifist solutions to such problems. One such leader still has many adherents, people who say they believe in peace and follow his message of sharing. Despite his failure to overthrow his occupation, they say they believe that his message was true and worth following thousands of years later.

The Church’s abject failure to address the financial crisis is stark evidence of its corruption. All they want to talk about is who is having sex with whom. Jesus’ only message about sexual conduct was ordering hypocrites to put down their rocks and stop the execution of an adulteress. What did Jesus do when he saw people unfairly making money from financial transactions? He fucked some shit up, is what he did.

The fact that the Church does not occupy the banks shows how far they have come from the original message and how little they have learned. It’s not just the Christian churches to blame, all the established religions are twisting the messages of their prophets and leaders for the same end. They rely on the supernatural, freaky-deaky stuff because you can baffle the most people with it. They ignore the very basic messages of courtesy, equality and respect. They even ignore some of the excellent economic advice.

If there were a God, surely we have lost our novelty. Certainly our charm.

In many nations, the “religious” are tightening their grip around everyone’s reproductive organs whilst allowing the transnational imperial forces to take what they want. The personal consequences for me are less and lighter than in other countries but it is the same bait and switch. Attack our reproductive rights whilst taking wealth away from us. And to have the gall to blame it on Mohammed or Jesus or whoever! How fucking dare they?

So, this is what will happen. A leader will emerge. (We just love waiting for someone else to come and free us.) Maybe they will be a guerrilla like Che or maybe they will be peaceful like Gandhi if we are so very lucky. And they will help us out of our fix and then they will be killed. And then we will forget everything they had to say and go back to focusing on who is having sex with whom. We are the worst.

2 thoughts on “The Next Great Depression

  1. a powerful piece, I have to agree with you…. it is not looking good right about now. I don’t like the sound of the last paragraph too much… I hope it will happen in a very different way. Things are way too messed up for any one human to try to fix it… I think the new model is based more on the Occupy Movement’s tactic: No leaders. No demands. Only a different way of thinking and being with each other as humans. the most radical act of all is to do something completely different. thanks for the post. SB


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