The dollar these days represents two kinds of capital. The first is the stuff that the US has built and invested in since, say, the end of World War Two: a wasteland of aging and decrepitating suburban sprawl, that is, the infrastructure of a living arrangement with no future, the greatest entropic sink in human history. It extends to whole cities and their subsystems, e.g. the hell-hole of Las Vegas with Hoover dam and the dwindling reservoir of Lake Mead. Before mid-century, Las Vegas will be as desolate as Egypt’s Valley of the Kings. Try to imagine the money that went into building all that stupid shit in the desert. In another decade, across America, the housing subdivisions and commercial highway strips filled with tilt-up box stores, muffler shops and burger dispensaries will retain less value than the pyramids of Palenque had for the Mayans after their society rolled over and died. The so-called real economy is a New Age serfdom of burger fryers and janitors, indentured to that entropic sink. Below them is a widening slough of methedrine, child abuse, and tattoo art on its way to becoming Soylent Green. To put it bluntly, the dollar is entropy’s algo bitch.Sounds a lot like the Imperial Valley writ large.
The second kind of capital the dollar represents is the imaginary value based on sheer lying, making shit up, and borrowing from a future that has no chance of being paid back. This is the capital ginned up on “American exceptionalism” and “energy independence,” fairy tale memes functioning as collateral for the aforementioned malinvestments that add up to “The American way of life.” This capital has no substance, since it is just made up of intellectual and emotional dishonesty. This is the kind of constructed narrative that addicts and other functional cripples resort to to justify their behavior, and the fragility of it will sooner or later lead to the well-known condition of “hitting bottom.” That is the event horizon where the remnants of America enter what I call the World Made By Hand. It will be the greatest socio-economic shift since the fall of Rome, only much swifter.Whether that crash will be midwived by technical progress that renders ever more people unemployable, with the remaining rich people forting up, or whether the crash takes the rich people down with it he does not prophesy. But his view of the vulgar culture sounds a lot like Hanson.
For one who has been a close observer of the US socio-political-economic scene since the Kennedy era, the nation has gotten itself into a pretty sorry state. The pervasive racketeering that poisons American life from the money-in-politics farce, to the shameless, chiseling medical-pharma cabal, to the SNAP-card and disability rights empire of grift, to the college loan swindle, to the disgusting security state apparatus, to the corporate tyranny of local life and economies, to the delusional techno-narcissism of the media, to the despotic and puerile gender preoccupations of academia — all of it adds up to a society that cares as little for the present as it does for the future. And that’s aside from the pathetic digital device addiction of the generation coming up, and the sheer sordid behavior of the tattooed, drug-saturated, pornified masses of adults now forever foreclosed from a purposeful existence or a decent standard of living.Whether that can be reversed by a rediscovery of the life management skills of the bourgeoisie Kunstler does not say. But the kind of latter-day sustainable agrarian republic he appears to be recommending will not work without that rediscovery.