Wealth and Hell Being
Tuesday, March 10th, 2009I learned recently that my father had printed out one of these posts, and my grandmother had read it, and remarked, “Someone’s trying to be funny.” When she found out it was me, and that I frequently try to be funny here on my blog, she simply replied, “Blogs are ruining the world.”
Ruining the world! It’s nice to know that my grandmother believes I’m involved in something as important as ruining the world, really warms my heart, but I can’t take credit for it. I wasn’t involved in creating violent video games, movies with ratings of “R” or better, comic books, Howard Stern, pulps, jazz, country, or rock and roll. I didn’t replace live musicians with 78’s, vaudevillians with movies and television, or telegraph messengers with telephones. I haven’t modernized or downsized or offshored anyone’s manufacturing job. I haven’t sold anyone a tranch of anyone else’s shitty mortgage, nor have I sold anything resembling an insurance bet on anyone’s tranches of other people’s shitty mortgages. I didn’t replace human-scaled towns and cities with unwalkable automobile slums, and I sure as fuck didn’t fill these streets with luxury automobiles the size of train cars, complete with cybernetic navigation and personal multimedia systems to absorb all the surplus cognition their drivers have left over from buying these asinine metal mammoths and paying almost no attention to actually piloting them.
But perhaps that’s not the part of the world she’s talking about. Perhaps she’s referring to the world of opinion journalism, a Broderian utopia in which respected public figures like Michael Gerson can take to the pages of the serious, tempered, grown-up pages of the Washington Post and opine…
American conservatism — intellectually ascendant during three decades in which relatively low taxes and a stable money supply produced the greatest accumulation of national wealth in history — is now staring into an abyss.
…without some anonymous scoundrel from a steel town responding…
Low fuel costs, improved communication technology, and the political disintegration of a competing economic sphere allowed companies to shift production overseas. Cheaper labor combined with inexpensive transport made it more profitable to build shit there even if the main consumer market remained in America. With the end of an effective labor movement and the decline of productive industry, real wages stagnated, but financial institutions, ever more central to the so-called service economy, made it increasingly easy to obtain credit. The “engine” of the American economy became the consumption of commodities produced cheaply overseas and sold domestically. The financial institutions playing the credit game conceived of a series of increasingly elaborate hoaxes to make what was at root the provision of seemingly limitless IOUs to individuals and businesses regardless of collateral assets or ability to repay seem like a profitable business model. The only major area of non-military domestic production that remained viable and vibrant was the construction of bullshit, half-assed houses in which Jenn-Aire 8-burner ranges and Sub-Zero side-by-sides gave the nouveau riche sheen to 6,000 sq. ft. houses with 4″ interior walls and brick on the street-façade only. Successive governments, declaring home-ownership a sort of human right, not to mention patriotic duty, along with their colluders in the Fed, made monetary policy to encourage easy lending and financial institutions folded that in right along with consumer credit to drive a go-go economy of trade-up houses, credit-card purchases, and new cars every 18 months. The Ponzi-themed fantasy-game of infinitely rising home prices made everyone feel richer than they really were. The inevitable point at which the money due would become unrealizable seemed . . . evitable. The stocks of the shell-game players kept rising, buoyed by the titanic confidence of those who believed that cycles and bubbles had been beaten. The foreign nations who sold us greater and greater quantities of oil and produced greater and greater quantities of shit for our domestic markets bought our currency and financed our consumption. The greatest, Babelian tower of horseshit phoney-baloney non-wealth ever in the history of everything anywhere amen hallelujah inshallah was constructed over thirty years in an orgy of bland consumptive excess that would impress in a Satanic sort of way were it not so monumentally crass, asinine, soul-vacating, and chintzy. We were not even good at being gaudy, as the above-mentioned mass-produced mansion and its matching driveway Hummers suggests.
I realize, of course, that it’s just a matter of perception. When I look at the discursive world she thinks is being ruined, from where I’m standing it’s a crispy smoldering lump without much in it worth saving. I’ll consider it substantially closer to unfucked when IOZ has a bi-weekly column in the Washington Post, while Gerson checks his mailbox, fingers crossed, hoping he’ll find a check from Pajamas Media.
Also in my unfucked world: Joe Scarborough is arrested, but it doesn’t make the news, because who the fuck is Joe Scarborough? In my grandmother’s unfucked world, by contrast, people don’t say “fuck” on the Internet, or anywhere else. You can understand how we’d be pretty far apart on the most effective route to media Nirvana.

