Sunday, June 13, 2010

Canada the Last Outpost of the Klingon Empire

There is an interesting discussion going on in our colony. It appears that some would have us submit ourselves to the majority rule of the weaklings, those who did not win the sacred Klingon contest of winning the most electoral battles during the electoral wars.

Yes, these battles are hard fought on the ground and in the airwaves, and with the splintering of the tribes, no clear cut victory can be obtained. But that should not lead us to abandon our ways. Never mind what has happened in our homeland, where an unholy alliance has been struck between the Conservatives and the Liberal Democrats, in which the strongest tribe must listen and act upon the demands of a much weaker tribe. It as if a plague has struck the homeland and feverish thoughts of ceding to the will of the majority has taken hold on the population, but this will pass and the rule of the strong man will return.

Remember the holy words, "losers don't get to form coalitions." If we were to let the losers make their unholy pacts, the strongman will lose his place and our guiding vision, our strong hand upon the tiller, will be no more. We will be reduced to having to listen to reason and to entertain compromise. No more will we be able to have our way by a show of force and bluster.

Yes, these are troubled times. The members of the Red and Orange tribes are already scheming against us. They talk openly about forming an alliance, but fortunately we can count on the leader of the Red tribe not to give in to the weaklings. His Klingon blood runs strong. He shares our lust for power and our need to dominate and control.

I know that some of you have heard the talk of abandoning the electoral battles altogether. There are some who believe that the winner of the electoral battle should not get all the spoils of victory. Imagine, they would have us count every vote, even those from the loser tribes, and enter them into a magical formula that would tell us who would and who would not sit in the great hall under the gaze of the great chief.

This will never pass as long as we can retain our dominance in the airwaves. As I speak, those who have our desire for riches strong in their hearts are coming together and will take to the airwaves and will denounce every unholy utterance, every abomination against the rule of the strong man and will fight until their dying breath to make sure that power is never shared and that we will always have our will obeyed.

This land is ours. We conquered it first and we will never let it be ruled by those who do not bow down to exalt the presence of a greater power.

argh`sffztckdul

(Klingon expression that when loosely translated means, please don't let me drown in my own bullshit)

Sunday, June 6, 2010

Crimes Against the Planet

There is something seriously wrong when a company like BP continues to pay multi-billion dollar dividends to its shareholders while millions of gallons of oil continue to flow into the Gulf of Mexico.

It is as though the oil spill that in reality is wreaking catastrophic environmental damage to the Gulf's ecosystems is simply a glitch in the company's cash flow. Nothing more, nothing less than an adjustment to the income statement.

Indeed, there is a tendency in the media to attempt to quantify everything: estimates of how much oil has escaped into the gulf, the economic loss to fishermen and to the tourist industry, and the size of the bill BP will be handed for the clean up costs, to mention just a few.

Yet, there is something much more fundamental at issue: when companies like BP are shown to have inflicted harm at this scale to natural ecosystems, charges should be laid against those who are responsible for having committed crimes against the planet.

This is a special category of crime similar in kind to the notion of crimes against humanity, which are are particularly odious offenses in that they constitute a serious attack on human dignity or grave humiliation or a degradation of one or more human beings. They are not isolated or sporadic events, but are part either of a government policy (although the perpetrators need not identify themselves with this policy) or of a wide practice of atrocities tolerated or condoned by a government or a de facto authority.

In this case, the odious offenses, the serious attacks, and degradation target many species and the underlying networks of relations from which the affected ecosystems emerge. These are not ordinary offenses and they should not be treated as such.

In fact, the perpetrators should be brought to trial in an international court beyond the protection of sovereign borders and without the limited liability afforded to corporations. If found guilty of crimes against the planet, justice should be met commensurate with the seriousness of the offense: top officials shall be jailed, corporate charters revoked, assists seized and sold off, and, when applicable, governments be held accountable for the absence of adequate regulatory frameworks.

Laissez-faire is dead.

The time has come to re-establish an order that no longer allows the violence perpetrated against the earth to continue unabated, Such atrocious behavior by individuals, corporations, and governments should no longer be tolerated.

Thursday, June 3, 2010

The Sorcerer's Apprentice

Life is becoming far too complex. So much so, the complexity we create
brings about problems that we cannot solve. Things are out of control.

Take for example the oil spill in the Gulf of Mexico. It's pretty
impressive to get a live video feed from the ocean floor, 5000 feet
below the surface. It gives me pause to wonder. How did they manage to
drill a well at such depths? How did they even know where to drill? I
guess some smart people can pull off some amazing feats.

Yet, the more fundamental question to ask is why are we even drilling
into the seabed to find and extract oil. This is where things become
complex.

In short, we have created a massive global economy that is predicated on
the availability of cheap oil. With regard to supply, the low hanging
fruit has been plucked off the tree, in this case conventional oil that
is easy to find and easy to extract - remember good old Jed Clampett
from the Beverly Hillbillies, "one day when he was shootin for some
food, and up through the ground came some bubblin crude, oil that is,
black gold, Texas tea.
http://www.youtube.com/watch?v=tkOGM6gHvao

Today, however, to keep up with the increasing global demand, we have to
go further and deeper, to the very limits of our technological capacity
in order to bring new oil reserves to market, and if something goes
wrong, we'll simply fix it.

Well, so we thought until we realized that plugging a hole in the seabed
quickly, where the pressure is about a ton per square inch, is extremely
difficult. In fact, as it turns out, it is beyond our technological
capacity.

It would appear that if we connect the dots, the picture that emerges
tells us that we need to kick our addiction to fossil fuels and power
down the economy towards a more human scale using more renewable energy
sources in the process.

Unfortunately for the planet, a small financial elite, less than
one tenth of one percent, has gained its fortune by ramping up production
of consumer goods to unsustainable levels while drawing down on our
non-renewable resources. This same elite is as addicted to material wealth
as is the rest of the population is to cheap oil and they are the ones
that hold the reins of power.

Faced with the choice between more modest returns on their investments
and greater financial gain as a result of engaging in higher risk
behavior, they opt for the latter and impose the cost of their repeated
failures on the rest of the society.

The collapse of the financial sector is another case in point. No
longer content with reaping financial reward the old fashioned way,
dividends payed out on retained earnings, financiers were able to
convince our political leaders that the best way to economic growth was
along the path of greater securitization, which means a greater capacity
to peddle speculative financial products and to earn higher fees on each
transaction. As a result, trillions of dollars of financial derivatives
were being traded until the house of cards came tumbling down when it
became apparent that much of the debt obligations that had been sold
were worthless. According to the risk management schemes that were
employed to sell the securities, a sudden market crash was extremely
unlikely, once in a billion years, and hundreds of thousands of
individual and institutional investors let themselves be bilked as they
went along buying and selling debt obligations that were too complex to
understand, being guided by dubious investment strategies that were too
good to be true.

That the global economy was plunged into a world-wide recession was an
unfortunate affair, especially for those without fortunes.

Upon reflection, I think that we need to own up to the fact that we have
put into process a chain of events that we are unable to control, the
results of which could lead us a species to a massive die off if we
don't come to terms with climate change.

Rather than pretending that we can deal with ever increasing levels of
complexity, we need to slow down and to simplify things and, like Mickey
in Walt Disney's Fantasia, give up the fantasy that we can control what we really don't understand.

Monday, May 24, 2010

Happy Reconnect to the Earth Day

What’s with a national holiday being named after a dead foreign monarch? Give me a break. I know we were once part of the ‘glorious’ British Empire, but let’s get over it and move on. And that goes for my Quebecois friends, who today celebrate la fĂȘte des patriotes. Truth be told, almost no one here has the faintest recollection of what events we are supposed to hold dear in our collective memory.

So, let’s celebrate what we actually do on this much deserved long weekend. All across this country we get our hands dirty by planting vegetables, flowers, shrubs, and trees. Let’s celebrate our connection to the earth and let’s become faithful stewards of that part of the planet we call home.

One other thing, on this meaningful day let’s also pay homage to Canada’s First Nations Peoples, who struggle to this day to maintain their spiritual connection to the land and who have never defiled it in the name of unsustainable economic growth. We can learn a lot from them.

By the end of the day, I hope you have all had the opportunity to reconnect to the earth. Dig in the garden, spread some seeds, plant some flowers in a pot if you have to, swim in a lake, park the car, or ride a bike.

Let’s live in the present with an eye to the future and put aside things that no longer matter.

Wednesday, May 19, 2010

24 Hours for the Tax

Today, people across Canada are speaking out in favour of a tax on financial transactions. Having written about this in the past, I want to add my voice to those who have identified a much needed measure to rein in the greed of those who would impose any cost to society in order for them to rake in unearned profits.

In case you haven’t heard, yesterday Germany took a bold step forward and banned a financial practice called naked short selling to take away one of the more popular financial derivatives that is purely speculative in nature. As could be expected, the financial markets took a tumble.

What must be remembered is that over the last ten years, the fuel of economic growth has been the rise of the importance of the financial sector. This has come at the expense of the real economy that produces goods and services that people actually use in their everyday lives.

In my early posts, I called the financial speculative economy the zombie economy because it sucks the life of real economy and everyday people.

From a purely economic perspective, a financial transaction tax makes a lot of sense. In fact, there is a great deal of empirical evidence that supports Hyman Minsky’s Financial Instability Hypothesis, which explains that as assets rise in value, this rise sets into motion a dynamic in which increasingly riskier investments come to market that are gobbled up by investors without the means to withstand a sudden decrease in asset values. Eventually, when the downturn inevitably arrives, the decrease bursts the asset value bubble and everyone begins to scramble to protect themselves from the fallout of debt obligations that can’t be possibly be met.

This is the scenario that played out in the global financial markets, which necessitated a multi-trillion dollar intervention backed by public funds.

Of interest, the federal government recently intervened into the housing market to make it more difficult for financial speculators to flip a house. By increasing the required down payment from 5% to 20% for a CHMC backed mortgage for the purchase of a rental property, the government essentially squeezed the profit margins for those who would use the housing market for speculative gain.

Using a regulatory regime instead of a imposing a tax to achieve the same end is simply a matter of choice. Ideologically, both types of measures are consistent with the idea of state intervention into the market to advance the common good.

If anything, the present government is being ideologically inconsistent in its opposition to a financial transaction tax.

So, why are they giving preferential treatment to large investors and interfering with the ability of smaller investors to turn a profit?

Big money can afford to hire lobbyists to influence public policy.

Little folk like you and me can only get the government’s ear when we make some noise.

So, it’s time for ordinary folk to make some noise, and I’m not talking about setting fire to a local bank branch like what happened in a posh section of Ottawa last night by an anarchist group that certainly has a good grasp of how to use the media to get their message across.

http://www.cbc.ca/canada/ottawa/story/2010/05/19/ott-fire-bombing-bank.html

OK, call me old school.

Power to the people, right on.

Sunday, May 16, 2010

Quebec's Jean Charest and His Regressive Conservatives

In today’s politics, the liberal banner can mean many things. In Quebec politics, it means a federalist party similar in kind to the Ontario Conservatives under Mike Harris.

As a personal aside, I moved from Ontario to Quebec to escape the ideological wrath of a government that was hell bent on sticking it to anyone who had come to rely on public services. One day, I got a call at work from my son’s Ottawa elementary school to tell me that my son had been hit in the face with a chair by a special needs child who had just lost his teacher’s aide because of a quick and no-too-well-thought-out staff reduction. I didn’t want to stick around to see what else Mike would be doing in one of the greatest bullshit political movements of recent memory: the common sense revolution, so I moved across the river to Gatineau.

I thought I had done well. Sure, the taxes were higher, but they paid for some very good social programs, like the $5-a-day, publically-funded day care program.

Little did I know, that a certain Jean Charest, who claimed to be inspired by Mike Harris’s Conservatives, would become the Premier of Quebec.

I remember him running for office in 2003 with his big electoral promise that he would reduce taxes by $1 billion a year for the next five years. Boy, when Jean wants to fib, he goes for the whopper.

Then there was his call of a snap election in 2008 after the financial markets had collapsed. According to Jean, everything was under control, just a little bump on the road, and then we found out that Quebec’s public pension plan had lost $40 billion in 2008. Moreover, in the next budget, we learned that we would be running record deficits for the next five years, and the government had no idea how it was going to balance its books as the law required. That’s when Jean decided that we needed to change that pesky law.

In March of this year, we learned that each adult would be required to pay a annual fee of $200 to help out with our out-of-control health expenditures, in other words, a poll tax. To add insult to injury, we would also be charged a $25 fee for each visit to the doctor.

Again, I don’t mind paying higher taxes if there is social gain that results. However, in this case, I’ll be paying the same fee as my son (who now is living on his own) in spite of the fact that I make about three times his annual income.

Now, that doesn’t seem fair.

When asked about the regressive nature of the tax, our brilliant Finance Minister, Raymond Bachand, replied that Quebec already had too much in the way of progressive taxes.

Wait a minute, I thought to myself when I watched the interview, did he actually say what I thought he said?

This is Quebec, not Alberta. Here, people don’t simply defer to authority when they disagree.

Well, it turns out he meant every word and that also went for the $25-a-visit fee, which if he had taken the time to look at the Canada Health Act, he would know that this would come back to bite him in the ass.

Maybe, this is what happens when fin de regime mentality sets in.

In any case, something that I find quite humorous has occurred. People in Quebec are now looking to the Federal government to intervene to make sure that the guiding principles of the Canada Health Act are respected.

Forget the fact that we haven’t yet ratified the Constitution. We’re stuck with this McBozo as a Premier, and due to our completely out-dated electoral system, we’re stuck with him for another 3 years.

Well, you know what they say, people get the government they deserve. I guess that’s what happens when you fall for the schtick: in tough times, it’s best to have only two hands on the steering wheel. One of Jean's best lines.

Remind me never to get into a car being driven by a neo-conservative.

Saturday, May 8, 2010

Spill, Baby, Spill

There is a reason why Canadians aren’t getting anywhere with meaningful climate change legislation. The other side just doesn’t get it, they never will, and they hold the reins of power.

Here’s my favourite quote from a recent editorial from the Ottawa Citizen, a newspaper I stopped buying ever since it was bought up by Conrad Black and then sold to CanWest, with regard to the recent oil spill in the Gulf of Mexico:

We’d better get used to this, because unless we want to give up the precious gasoline for our commute to work, drilling for offshore oil is only going to expand. . . . We may not like blackened beaches, or the deaths of 1,600 birds in Alberta tar sands ponds, but these visible spectacles of environmental damage are not enough to stop us from drilling more wells – and guaranteeing there will be future oil slicks.

http://www.ottawacitizen.com/opinion/last+spill/2982726/story.html#ixzz0nLpqmqsJ

I find it intriguing that someone would actually publish this crap. Who really wants to get used to this? Not me and nobody I know. Consequently, I guess I don’t belong to this tribe.

Can these people be convinced of the error of their ways?

Nope.

No matter what evidence you bring up, no matter how sound your arguments, their brains are wired to maintain their allegiance to their group at all costs, and they will either deny a problem exists or they will create an elaborate rationalization in order to extinguish whatever cognitive dissonance that arises.

Cultural cognition is the mainstay of the political brain. As much as evidence-based dialogue offers a hope that we can exit from a tribal mentality, it is no match for our mammalian brains.

So, as long as we are ruled by the self-serving desires of a dominant ethnic group, the will of the stakeholders who support the god-given right to drive to work no matter what the distance, no matter what the size of vehicle prevails.

Spill, baby, spill.