Doom

A new way of life is waiting…


by Jim Kunstler
author of The Long Emergency

The reality we can’t face is that one way of life is over and a new one is waiting to be born. It’s been waiting, really, since the early 1970s, when God whacked the USA upside its head to announce that we’d outgrown our once-stupendous domestic supply of oil. I remember those fervid months following the OPEC oil embargo of 1973 (I covered the story as a young newspaper reporter.) The basic message was this: from now on we’ll be running this show on other people’s oil so we better start doing things differently. Back then, the not-yet-lost-in-a-fog-of-greed Baby Boom generation rolled up its tie-dyed sleeves and got to work doing a lot of forward-looking things: micro hydro-electric, passive solar houses, rural homesteading, the next generation of public transit (BART, the D.C. Metro), the first wave of urban gentrification….

Then, in 1979, the Ayatollah tossed out the Shah of Iran, we got another dose of oil problems, and a year later, President Jimmy Carter’s clear-eyed view of the oil situation as “the moral equivalent of war” got overturned in favor of Ronald Reagan’s dreadful Hollywood nostalgia projector. As usual in times of severe social stress, the public got delusional. Mr. Reagan was very lucky. During his tenure, two of the last great non-OPEC oil discoveries came into full production — Prudhoe Bay, Alaska and the North Sea — and took the leverage away from the Islamic oil nations who had been making us miserable with their threats, embargos, price-jackings, and hostage-takings.

Americans drew the false conclusion that Ronald Reagan was an economic genius (a similar thing happened in Great Britain with Margaret Thatcherism). The price of oil went down steeply while they were in office. Britain could kick back and enjoy it’s last remaining industry, banking, on a majestic cushion of energy resources. The USA resumed its major post-war industry: suburban sprawl building. Reaganism got elevated to the status of a religion, though it was little more than a twisted version of Eisenhower-on-steroids. Under Reagan, WalMart embarked on its campaign to destroy every main street economy in the nation. The Baby Boomers came back from the land, clipped their pony tails, discovered venture capital, real estate investment trusts, securitization of “consumer” debt, and the Hamptons. Greed was good. (No, really….)…

Now we’ve arrived at the moment of wreckage. Meanwhile, Barack Obama sailed into the White House on a tide of “hope” for “change.” The change was unspecified, by both Mr. Obama and the general public (and the news media that audits its thinking). What is dogging many of us who supported Mr. Obama is the delayed entrance of much-vaunted change. At this moment of “stimulus” and TARP-II, it seems to have been about a desperate attempt to preserve the hypertrophic debt economy of “miracle” mortgages, blue-light-special shopping on credit cards, and endless happy motoring at all costs. And by “all costs” I mean literally bankrupting our society at every level to keep on living as if it were still 1999. This naturally alarms those of us who perceive a need for more drastic reprogramming in American life…

Keep reading President’s Day
~
See also A Commodity Called Misery by Joe Bageant
Hat tip Dave Pollard


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