Another new year. A new decade, in fact. (The “starting on a 1” thing doesn’t count for decades. We’re in the ‘20s now.) And what have we learned?
<Takes a quick look around at the current state of the world.>
Not a damn lot, apparently. Going to have to do something about that.
It looks like it’s going to be an interesting year and decade. For most of the world, this is because there are people in positions of power trying to kill them in pursuit of endless profit growth. In my case, that too, but also because there are parts of my body doing their best to kill me in pursuit of endless growth.
Fun metaphor, isn’t it? Oddly, I don’t ascribe malice to either. In the case of cancer, anthropomorphising my tumour isn’t a step I’m willing to take just yet. It’s just a bunch of cells with faulty instructions, following those instructions to the letter and completely ignorant of the fact that their ultimate success leads to their ultimate destruction. If I’m not around any more, no more growth for them.
Malignant, yes. Malicious, no.
Corporate bosses wedded to the desire for continual growth are more culpable but still trapped by the same faulty instructions. As someone who had a job for years reading business magazines, the constant desire for growth always struck me as odd. If a company failed to increase its growth rate year on year, or worse yet failed to grow, the market would “punish” it by hammering its share price.
Why? Because shareholders demand a return on their investment, and merely remaining profitable year on year offered no great returns. Companies had to grow like crazy (hi Amazon!), promise future crazy growth (hi Amazon!), or dominate their market to such an extent that they grabbed all the profit therein (hi Amazon, Apple, Google, etc.!). Growth, growth, growth. Didn’t matter how it happened, as long as it was legal-ish, and as regulations on markets have tumbled and frayed around the world, the definition of legal-ish has gotten wider and wider.
The people at the helms of these growth machines are only doing what they’ve been taught to do. Maximise profit and growth and minimise loss, whether in the form of taxes, salaries, or competition. The results we see all around. People struggling to make ends meet on jobs that once would have supported most or all of a family. Social safety nets so threadbare that more and more people fall through and end up on the streets. Ecologically damaging industrial machines that keep churning because the alternative is to drop a few share points. More and more of the world’s “wealth” concentrated in the hands of fewer and fewer people. And for wealth, read “power,” because that’s how the world has been arranged since mankind got over its self-consciousness and started living in groups.
Malignant? Yes. Malicious? Not in most cases, I think. But vicious? Definitely. Vicious to anyone caught in the teeth of the growth machine.
Capitalism as cancer then? But what about all the good it brings? Well, capitalism, unlike cancer, does have some benefits. It’s a remarkably efficient engine for generating wealth and enhancing productivity. But leave it unregulated and it might as well be cancerous. Growth for the sake of more growth, without regard to the well-being of the host body. When your concerns are wholly focused on the quarterly shareholder report, you’re not paying attention to the long term.
If there’s a solution, it’s that nasty word: regulation. Regulation in deed, as well as word. And that’s going to be hard. The first country to clamp down on unrestricted corporate growth is going to see an exodus of the big boys. (Ireland is particularly vulnerable in this regard, having made itself a cosy home for them in the past few decades.) Large-scale action, in the form of nations implementing new regulations together, might halt the growth of capitalism and the erosion of the society it’s built on, but the alliances of nation states that might make such things feasible are looking shaky these days. (Someone, somewhere, is very much enjoying Brexit and the Trumpocracy and all the international mistrust that’s spreading as a result.)
But, you know, it’s a new year. And only two days in, we ought to remain at least a little optimistic about how things are going to turn out. Hopeful that we’re in the midst of late-stage capitalism, not end-stage capitalism. Hopeful that some global medical team more knowledgable than me has the correct therapy to halt the ever-spreading gospel of growth. Because most of us have enough on our plates to deal with, without worrying that the whole system is going to collapse within our lifetimes.
Cancer Update: Since I know a few people are keeping an eye on this blog for reasons other than my anti-capitalist pessimism, a little personal update. The first chemotherapy session was two weeks ago, and things have gone pretty well so far. Side effects were minimal and gone within a week. I didn’t even need to use any of my anti-nausea medication (though the vile-tasting laxative drink did prove immediately useful). Next dose of chemotherapy is in a week, and if things turn out the same then I might be back at work before too long. As for any results from the treatment, it’s way too early for those, but maybe (just maybe) my cough seems a little less harsh. Even if that’s purely psychosomatic, I’ll take it. And, as before, I’m still fully active and enjoyed the Christmas and New Year period, so no complaints on that front either.
Most of all, I want to thank everyone who’s reached out on hearing about my diagnosis. It has been one of the nicest parts of this whole experience. Which is not saying a lot, I know, so just know that each and every one of you are deeply appreciated.