Finalist-PhilBlogAwards 2010

Finalist-PhilBlogAwards 2010
Finalist for society, politics, history blogs



Wednesday, November 25, 2015



Erle Frayne D. Argonza

Good evening from the Pearl of the Orient!

The International Monetary Fund or IMF has been quite bullish lately about Asian growth. It had forecast East Asia’s average growth at past 7% for this year, and shares an equally positive growth trend for RP at 5.5%-6%. Just what could be the implications of the growth trends on the global economy and the West?

As Asia expands, the West (Europe, USA, Canada, Japan) contracts. The trend will not change much over the next five (5) years, so let’s see where the East and West are headed for in the foreseeable future.

In early 2008 yet, the economists and financial analysts of the West (or North) were of the opinion that the technological cutting edge of the West was already breached by Asia by the end of 2007 yet. Remember that 2007 was the beginning of a new cycle of recession for the West which began in the USA with the implosion of the realty bubble.

Given that the Western economies are flat on their back growth-wise, and their toxic bubble economies have given them only virtual economy results (read: inflated values not based on real production but on speculation), there is ample reason to forecast that they will be mired in problems of saving their ailing banks, financial-monetary systems, and providing sovereign guarantees to their capitalists at the expense of taxpayers and infusing investments in the physical economy. This is now matter of fact, as we can clearly see.

Western economies have suffered from the ill effects of continuous de-industrialization for decades, of being remiss in their own infrastructures (USA seems to be the worst in infrastructure decay), and deteriorating investments in science & technology. From being a producer economy, Western economy generally has become a parasitical ‘eater economy’ that stands on no clear foundation other than financial quicksand.

In contrast, the Eastern economies have steadily built their strategic industries across the decades, reinforced their infrastructure expenditures and projects, and invested in science & technology. The Eastern economy generally has therefore been role-playing as ‘producer economy’ worth the emulation of other developing economies worldwide.

Result: by 2007, at the downspin year of a recessionary West, the East overtook the West in terms of cutting-edge technologies. To qualify, the technologies we refer to are those life-inducing technologies, not those death & destruction technologies that the West has clear edge till these days.

I still remember what my nationalist colleagues in the Sunday Kapihan that we then held every Sunday at the Sulo Hotel in Manila: the West knows nothing but perfect its Armaments.  Dr. Emmanuel Yap, an economist who finished his PhD at Harvard University, was the most vocal about that emphasis on the death & destruction focus of Western innovations.

To continue, the added forecast that I’d share at this moment is this: from the years 2007 through 2015, Western markets will contract by at least 30%. That means their own consuming public will spend less and less across a 9-year stretch, until the consumption pattern will settle down by 2016 or so. Real GDP (gross domestic product) will radically decline during the period, shrinking by as much as 30%-40% contrasted to their 2006 levels (the last of the best years of the West).

In contrast, the Eastern markets will expand by at least 100% during the period. The giants China and India will go farther than that, with China expanding by as much as 200% during the same period. That means the middle income earners in the East will continue to rise by the year and consume more products by the year, even travel more overseas year by year.

Result: China will clearly overtake the shrunken economies of EU and USA by end of 2015. India may follow suit, at around the years 2020-2025. The last would be ASEAN, which will overtake the West by 2025-2030 period.

Once a region overtakes others technology-wise, it will just be a matter of time before the same innovator region will overtake the rest wealth-wise. Technologies—physical technologies, biotechnologies, social technologies, medical technologies—are precisely the cutting edge practices that will enable one region to overtake others across the globe.

The bad news for the West is this: if their own states and markets will fail to solve their ailing problems in infrastructures and reverse de-industrialization, they will pathetically go down as 3rd world or ‘developing economies’ past 2020. No less than their own economists warned of this possibility in the early 1990s yet, and sadly no one paid attention to them in their own backyards. City after city in the USA and EU will immerse in urban decay, becoming 3rd world cities in the process.

My mother just retired from New York where she migrated since the 80s yet. She decided to come home back to the Philippines, and visited the Libis & Cubao areas of Quezon City/Manila suburb pronto upon her arrival. She was so deeply enchanted by the esthetic beauty of the architectures and planning in those mixed land use zones, while she complained of the dilapidated buildings and nauseating smells of cinema theatres in downtown Manhattan.

Those observations are signs of the times indeed. In just a year from now, the Pagcor City will rise in Manila, housing the world’s tallest tower. Burj Dubai, Petronas Twin Towers, and Taipei 101 are already similar hallmarks in other Asian cities, signifying the power shift from East to West.

The message is hereby brought to the West’s peoples: shift back from virtual reality to physical reality, from the virtual economy to the real economy. We Asians will help you along the way, as we’ve already been doing through our colossal treasuries investments, direct foreign investments, and quality Asian expatriates in your backyards that have been saving your collapsing economies from rapid decay.

[Philippines, 13 July 2012]

Monday, November 16, 2015



Erle Frayne D. Argonza

Magandang hapon! Good afternoon!

Classes have resumed here in Manila/Philippines, and our campuses are again swarming with pupils, students, teachers. Focused on their tasks, the same stakeholders are barely aware of what’s going on in the world around them, a world that is changing fast at confusing rate.

While the rugs under our feet our changing, the old context of large classes (class sizes of 100-250) are still in vogue in many universities worldwide. Some other universities that may have abolished them in the past, are re-instituting the large class platform.

As I’ve said in a previous article, the large class platform belongs to the past ages of medievalism and industrialism. To implement it now, at this time, is a regressive decision.

The large class, which unconsciously glues students to the ‘Herd instinct’, is anathema to the overall evolutionary movement of the human psyche towards greater individuation. University education is supposedly an opportunity field for the flourishing of that individuation.

The ‘mad discourse’ is finding expression in many venues today. The large class platform feeds inputs to the mad discourse, and is subtly rooted in it in fact. Its rationale hides under the rubric of technocratese language, but any sharp observer will easily unveil the illusion and show the large class platform’s connection to the ‘mad discourse’.

Imagine if all students are subjected to the same large classes, where they cannot air feedbacks or questions at all as they are consigned to passive receivers of inputs from a lecture professor. Imagine exposing freshmen students to this platform for 4-5 years, and assess the degeneration of the same students into the hovels of passivity.

Such a regimentation is just but one step short of what the Phase III cybernetics is up to these days: chipping humans. Phase III cybernetics had worked out to erase the dividing line between human behavior and machine behavior, with practical uses aimed at chipping all humans in the future.

The same chipped humans can then be put under the control of mega-computer systems, their behavior eventually reprogrammable to make them more in tune with what the System demands. They can be sent to war fronts as armies and technicians, and will experience no fear as fear will be deleted or subjugated by mega-control commands from their own psyche.

Wars and police states of the near future will be easily justified with every technocratese language conceivable, rendering them as typical ‘mad discourse’ in the argot of Michel Foucault. Mad, in that the erasure of the boundary between reason and the irrational has been effectively erased or deleted.

If there is anything that university policy makers must do now, it is to abolish all large classes while there is still time. Globally, we concerned citizens are doing what we can to deter moves by elites to install nazi-type regimes in the West, leading to a global state later that will be in need of compliant citizens.

Let us all do our tasks now to take down school platforms that will be the launching pads for compliant humans who can be chipped in couples of years’ time. The VeriChip by Verizon Corp is now out, and before 2015 a more perfected prototype will be out, ready to be implanted to humans via syringe (by trained doctors/medics).

We still have the time to act, to note. Any decision that infringes on human liberties is dangerously fascistic, such as re-instituting or maintaining large classes.

Failing to act in time, we shall watch in horror as new ‘das boots’ kids will be churned out from our youth, commanded via chips to participate in building a Draconian deux ex machina of the near future. And they’re products of our universities, products of large classes.

By then, I will be having the last laugh. With resonating guffaws will I declare “I told you so.”

[Philippines, 27 June 2012]



Saturday, November 07, 2015



Erle Frayne D. Argonza

It’s late afternoon as I write this piece, and it’s the longest day in the northern hemisphere too (summer solstice). I will devote this piece to the matter of large university classes that are the mode of instruction in many academic institutions across the globe.

Large classes are a thing of the past. The large class modality was referred to as ‘Great Man pedagogy’ in Europe, and was critically challenged by the youth and professors during the stormy youth heydays of the 1960s and ‘70s.

The human psyche is rapidly evolving towards greater individuation. As we humans become more individuated, the educational instruction fit for us is one that should account for and enable our individuality, even up to the point of providing ample space for eccentricity in each one.

In the olden days, when the Herd Mind or folk mind was the characteristic psyche of the people, the modality of instructions was one that would fit them well. Large classes evoked the ‘Herd instinct’ (Nietszchean label for the same), and unconsciously provided a semblance of community for peoples of those ancient times who were cut off from family & village to study in the university.

The coming of the Industrial Age, right after the conclusion of the 30 Years War (1618-48), ushered the ‘assembly line’ of mass production of articles of manufactures. The ‘assembly line’ method found its concomitant equivalent in the Great Man pedagogy which churned out collegiate graduates like commodities for sale in a rapidly expanding labor market.

Up until the late 19th century, during the Victorian Era that is the nadir of the modern age, Great Man pedagogy was a largely unquestioned modality of instruction. As the crisis of the early 20th century set in, the same pedagogy found perfect compatibility with the nascent totalitarian ideologies and systems of that era (fascism, Nazism, communism).

Indubitably, the success of ‘assembly line’ classes was effective only insofar as the psyche remained as more folk-mind or herd-oriented. As the psyche mutates to more individuated type, it will militate against anything that brings it back to the Herd: subject to manipulation and shaping by authoritarian if not sociopathic interest groups and persons.

Sure enough, as the youth rebellion of the 60s set in, the students of the Sorbonne in Paris burst out in revolt against the Great Man pedagogy circa 1968. Other universities quickly caught up the fiery flames of the revolt and followed suit in a tempo of upheavals that were largely unplanned and spontaneous.

Accustomed to bureaucratism and pork barrel largesse that went with mainstream political power, the French Communist Party was caught flat-footed by that revolt. Tailing behind the event that indicated its being mired in intellectual bankruptcy and betrayed its archaic mindset, the communists lose relevance almost overnight.

Had the communists grasped that event quickly and seized the opportunity by siding with the anti-large class youth, the sociopolitical landscape of France and Europe could have changed forever. A social revolution of a new kind, bred by a fusion of working class militancy and youth revulsion against archaic pedagogy and culture, could have been registered in the annals of history as worth our positive valuation.

It is shocking to find out that the large class modality is still around with us today. It is anathema to the goal of human liberation, even as it could be a launching ground to breed new ‘boot camp’ babies for certain interest groups of a fascistic/authoritarian nature.

The Industrial Age had now passed away, and the Post-Industrial/Postmodern Age has brought along with it an erasure (sous rapture) of the dividing line between Reason and Madness. Fascism is resurgent worldwide, and before we’d notice it a global state would be in the offing that is orchestrated by an ideological force of global Bonaparte.

If the large class modality is re-introduced in any university whatsoever, it should only be on an interim phase. It is a regressive  move, and running counter to the gamut of psychical individuation, it will erode in time and be abolished across the globe.

Should there be a youth revolt against this antiquated pedagogy in my own home country, I will be glad to make my presence in the barricades to be set up.

Monday, October 26, 2015




Erle Frayne D. Argonza



Islamic banking is part of the totality of ‘best practices’ that originated from Asia. Being among the strong proponents of the ‘Asian way’ as the way out of our capitalist economic malaise and crises of our times, I’d share my own notes of hallelujah to Islamic banking.


I am among those development practitioners and social scientists who propose that let’s all undertake a review of Islamic banking. This banking practice is based on zero-interest banking. The challenge is for us to reconstruct the practice to suit the current context of  information society.


Usury is among the proscriptions of spiritual masters and sages of the East. It is within the context of a non-usurious finance, embedded in spiritually-guided livelihood practices, that Islamic banking emerged in Western Asia.


Zero-interest financing contributed immensely to accumulating wealth for the Asiatic polities that engaged in them in antiquity. The same wealth was utilized for social services, ambitious projects, building cities, and advancing the arts, sciences, and philosophy.


Usury is alien to Asia, even as its massive introduction to the continent brought untold miseries to the marginal folks. It had also tied up Asian economies in debt peonage to the financial cartels of the West and their local banking/financial partners.


Before the Asian economies, notably the emerging markets, will go down the drain and lose their growth gains due to usury and predatory finance, their own stakeholders should rethink their borrowed paradigms. They better review those golden Asiatic economic principles taught by spiritual masters, and make ways to re-carve their financial systems following such principles.


Asia is indubitably the driver of the global economy today. It is time for Asia to set the trends by beginning with new financial paradigm such as the one offered by Islamic banking.


[Philippines, 07 June 2010]


Saturday, October 17, 2015




Erle Frayne D. Argonza



Good afternoon, fellows!


Bailing out ailing banks with people’s money (taxes) is immoral and criminal. I have already stated this contention in previous articles, and I’d re-echo it again in light of the financial fiasco going on in Europe right now.


We’ve had more than enough bad experiences in past crises that point out to massive speculative engagements by banks that have contributed to economic downturns and crash. Japan started the ball rolling by salving big banks with taxpayers’ money in the 1990s, and this practice is awefully wrong and immoral.


Fast forward to the year 2007, when we saw big banks implode as the bubble economy of the USA burst. The same ‘Japanese solution’ at salving ailing banks with taxpayers’ money was again repeated, this time in the USA.


Taxpayers’ money is hard earned revenue for the state for purposes of advancing the general welfare. The priorities for revenues should be infrastructures, social services, pump priming, and ensuring ‘safety nets’ for the marginal classes and groups against the impacts of financial volatilities on the productive sectors.


The solution to ailing banks lies in strengthening regulatory mechanisms. The first agenda on the line is to ban banks from engaging in speculative engagements notably those hedge funds operations. Another agenda is to institute good corporate governance and instilling public accountability by the banking sector.


Bailing out ailing banks in Europe, through taxpayers’ money, can only mitigate the systemic crisis for a while. Also, it will push more folks down grinding poverty due to austerity measures. It is part of the ‘rule of madness’ that now governs ‘late’ capitalism as a whole.


[Philippines, 07 June 2010]

Monday, October 05, 2015



Erle Frayne D. Argonza

Magandang hapon! Good afternoon!

I have no wish to intervene in the internal affairs of Europe. However, judging by the flow of events in the continent, from the signing of the earlier treaties through the monetary union and the Lisbon Treaty, there has been a clear sign of concurring agreements without the benefit of public consensus.

True, there were debates about the formation of the Union from its earlier days as an energy coalition through the birth of the Eurozone and finally the Lisbon Treaty. But the signing of treaties has been a monopoly of bureaucrats and technocrats who do not the least show accountability towards the great mass of struggling Europeans.

Now that the Eurozone is in trouble, which further threatens the continent with a gigantic crash that could be worst than the USA’s, the prospects of more Draconian measures of implementation and austerity measures imposed on member countries are getting more real.

Let us just hope that the increasing chaos of events in the EU won’t lead to the dreaded hyper-inflation, an ailment that crippled the late Weimar Republic and paved the way for Hitler’s rise to power. Already, the doors of Europe are opening for new fascist movements arising, movements that could very well serve the interest of the bureaucrats & technocrats working for the fat financiers led by the House of Rothschild.

If there is any unsolicited advise I can offer to the Europeans, it is this: scuttle the Union now while there’s still time. A gigantic maelstrom is gathering in your backyard, which could lead to the rise of a 4th Reich of sorts.

Let me share to you a past blog article about the 4th Reich possibility.

[Philippines, 24 May 2010]


Erle Frayne Argonza y Delago
Good morning, Fellows across the globe!
Let me continue to write awareness-raising materials about peace, cooperation and development, by focusing on the machinations of the financier oligarchs. The Empire is rising again, the logic being that it is a most fit governance machine for global oligarchic games and forthcoming conflicts.
Guessing gamers have been busy releasing speculations about the next financiers’ great war, and the state machinery that will undertake it. Lacking sophistication in political economy, the guessing gamers end up with superstitious sloganeering and fear-mongering, or reactive behaviors that hardly possess merit and serious attention by the more adroit minds of younger generations.
Following the historic patterns of Empire formations, it has always proved fruitful to wage synchronized conflicts and fatten the oligarchic purses in the process, if an empire formation would do the hot-work jobs for the oligarchs. The last Empire that did the massive aggression for the Anglo-Dutch oligarchs was dubbed as 3rd Reich by its created abomination, Hitler & Nazi movement.
The same Anglo-Dutch financiers, who control at least 80% of the world’s total financial flows, are itching to create a 4th Reich totalitarian state. It is time for a great war, the result of which will flatten the economies and enterprises of contending nations. The wrecked enterprises will then be bought at dirt cheap price by the same oligarchs, and the flattened economies funded back to life by the same financiers.
The question is, just exactly what oligarchic state formations to employ? The EU and USA each produce over 22% of the world gross product, or altogether produce 45% of GDP. The Anglo-Dutch financiers, on the other hand, control over 80% of the global financial flows. Using such data, it is very easy to see the congruence of continental economies and financier interests.
In my analysis, using a combination of institutional analysis and political economy, the combined EU-USA force would be excellent for creating the draconian 4th Reich. Of course, the possibility of a North American Union can be examined, but such a Union doesn’t have the purse power to leverage political strength, do understand this. On the other hand, the EU cannot impose its will on the USA without public dissent being aroused to hell fires, and so no USA-EU political integration is in the offing.
The web of institutional arrangements will see a mega-alliance of USA-controlled North America and a Brussels-based European Union. The trans-Atlantic alliance is a last-ditch effort of the same financiers to exhibit muscle power over the planet, and only the USA-EU  axis remains as the loyal consenter to the financier machinations.  Japan can still veer away from the axis, while the emerging markets’ giants—China, India, Brazil—are beyond the ambit of such machinations.
The institutional plan calls for the implementation of the final treaty in Europe, the Lisbon Treaty, that will see the advanced unification of the continent. Synchronically, a North American Union, with a common currency called Amero, will replace the NAFTA, complete the political unification process, and form the American bulwark of the new fascist axis. That done, the 4th Reich will be in place, rock-solid in armaments and awash with liquidities for more ambitious, gigantic war efforts.
Part of the governance innovations will be to abolish nations in both continents. Region-states will rise to replace the nations, each region being almost of equal population and size. With no more nations in Europe, the nuclear arsenal of France and UK will be placed in the custody of Brussels, thus transforming Brussels into a nuclear power overnight.
Transformed into police states, both continents will then wage population-control campaigns in the neighborhoods. Gangster groups will logically be deputized to augment police in searching for guns, drugs, insurgent evidences, terrorist cells, petty criminals, and other perceived enemies of the state. Those young ones engaging in binge drinking and sex orgy parties will also most likely be apprehended.
To accelerate public compliance toward the new order, riots can be engineered in cities across both continents. Food price hikes, oil price hikes, massive unemployment, social welfare cuts, overnight hyper-inflation are the most contentious issues that easily inflame quiet neighborhoods into angry urban mobs. Any high school student taking up a subject on sociology can very facilely see this possibility today. It has already been tried and tested across the globe in fact most recently.
While the continental backyards are being provided draconian order by police forces, the military assets will then flex their muscles for huge wars overseas. To ensure that competing regions and continents will be mowed down fast, inter-regional wars will be engineered. The Sunni-Israel versus Iran-Shiite war is now on the pipeline, waiting for a go-signal, a conflict that will see the weakening of the Semitic military establishments and economies, thus paving the way for less costly involvement there.
Other continents will surely see their own war fireworks fanned to the maximum most likely. It would be an instructive work to analyze and forecast the shaping of events there. For instance, the China-Taiwan and inter-Korean conflicts may ensue again on their 2nd phases. Japanese aggression may also be pursued on a 2nd phase, which could see the Japanese islands devastated with nukes combined with the Tesla Earthquake Machine to put an abrupt end to its zealous militarism.
To cap the article, it is a Trans-Atlantic 4th Reich that is now fast rising. How fast the citizens of both America and Europe can neutralize the abominations now shaping up in their backyards remains to be observed. One this is sure here: it doesn’t matter who will be president of the USA or EU. The financiers and their paid technocratic-political subalterns have already ensured that the oligarchy is in control of the situation. 

[Writ 22 June 2008, Quezon City, MetroManila]

Friday, September 25, 2015



Erle Frayne D. Argonza

Good evening!

The events in the Eurozone are now getting to be more alarming. Forecasters are now claiming that another round of recession is in the offing, as the bubble burst that began in Greece will spread to Spain, Ireland, and other member-states of the EU.

Will liberal capitalism continue to live a life that seems to hang in the balance? Or will capitalism need to restore itself through totalitarian means? What’s so wrong with the system that it just can’t be sustained enough?

Let me share to you past blog writings about the subject: ‘mad economics’ and the ‘demise of liberal capitalism.’

[Philippines, 23 May 2010]

Erle Frayne Argonza

Good afternoon!

At this moment, I’m sipping coffee contained in a pack that is sold for worth P130, or $3.00. The pack is one of the domestic brands of brewed coffee blends, ready for the drip coffee maker, of the Arabica and/or Robusta varieties. In economic parlance, this coffee is a commodity because (a) it was intended for exchange and not for the coffee producer’s consumption alone, and (b) money was used to acquire (purchase) it.

I have such deep fondness for coffee, as I acquired my coffee-drinking behavior as a childhood habit yet. In my hometown of Tuguegarao (city), Cagayan province (North Philippines), coffee beans were grounded into powder form and sold right inside the ‘wet’ market, was brewed using the local decoction techniques, and was consumed by people of all ages from pre-school to senior’s age. That was then, and that was how I learned to drink this beverage at age 5 more or less. I was hooked to the habit since then, even as I continued to drink milk that I still do till now.
Both coffee and milk are among my health formulas, and both are commodities.

The question I’m asking now is, will commodity-based economics survive the times ahead? Both coffee and milk will survive for sure, but will the money economy that underpins them survive as well? As to the broader world system of capitalism, will it survive too or is it in fact on its death knell today?

Capitalism was the last of the world systems that embodied the ‘money economy’ to which it properly belongs. With the opening of the 20th century, the socialist world system appeared on the social landscape and attempted to serve as an alternative to capitalism, but this experienced its early demise as its implementers found out that it cannot be sustained after all. Both capitalism and socialism are embodiments of the ‘money economy’ as it later turned out to be, they are just but two sides of the same coin: the ‘money economy’.

Socialism is gone, and no matter what attempts there may arrive to survive it in some other forms, this variant of the ‘money economy’ is gone. Now capitalism is all alone, and it is getting more real than virtual that it too is bound to crash a catastrophic end, and with its demise, the “last of the (economic) Mojicans” is bound to disappear (my apologies to Mojicans if my note sounds ethnically incorrect). And with capitalism’s demise, the whole of the ‘money economy’ folds up like unto a book that had reached its last chapter, and deserves more to be consigned to the archives of history.

The Frankfurt school thinkers, notably Jurgen Habermas, cogitated that capitalism’s life span was extended somehow, and was dubbed as ‘late’ capitalism in this last phase of the world system. In this phase, state planning and interventionism were infused into the system to extend its life. Before ‘late’ capital came the mercantile, free enterprise, and monopoly phases of this world system. Will there be another phase to capitalism after ‘late’ capital?

Before I answer that extension of life span, let me stress that ‘late’ capitalism shall end in the following process and manner:

· The re-introduction of liberalization—of free market and free trade principles—into ‘late’ capital shifted engagements away from production, the real foundation of the economy, to the sphere of predatory finance, thus producing the gargantuan ‘bubble economy’. The ‘physical economy’ of production transmogrified into the ‘virtual economy’ that produces no real value other than imaginary or delusional values. It is ‘mad economics’ in operation, no longer the ‘rational economics’ of mercantilists, classicists and neo-classicists.

· The ‘mad economics’ led to the yawning gap between actually produced values and the aggregates of financial derivatives and debts combined, to the extent that the former shrinks at a rapid rate relative to the latter. As bubbles burst from one commodity sector to another, leading eventually to a crisis of gargantuan proportion, all the more will production shrink, unable to produce values that can input into the demand functions for fresh money to pay for aggregate credits, primary debts, secondary debt obligations, and so on.

· The crisis will then move on to the further shrinking of production, tightening of credit sources, and hyperinflationary situation in utilities (notably gas & power), food, base metals and other vital commodities. Total economic collapse results from the foregoing.

· The economic collapse then leads to social unrests, turmoil, upheavals, civil wars, food wars, water wars, and possibly intercontinental wars such as another 3rd world war. The clash of world powers and their surrogate emerging markets will become the flames of a possible long war akin to the 30 Years War (c.1618-48).

Let me now end at that instance. Suffice me to proclaim that the death knell of ‘late’ capitalism and the whole of the ‘money economy’ of the last 2000 years or so are ending. The ‘non-cognitive economics’ of the Roman to feudal era, the ‘rational economics’ of the Renaissance to monopoly capital era, and the ‘mad economics’ of ‘late’ capital were markedly the underpinning mediation processes of that entire 2000-year epoch. The epoch and its last phase of capitalism is rapidly drawing to a close.

[Writ 22 August 2008, Quezon City, MetroManila.]

Erle Frayne Argonza

To all fellow men and women out there who may have deep fondness for the liberal capitalist model of economic adaptation, I hope that you can make some adjustments in your cognitive banks. Capitalism is not a permanent facet of human life, but merely one among various epochs that will come to pass. Only impermanence is sacrosanct in the cosmos, so please refrain from singing hallelujah to a world system that is on its death knell as I articulated in a previous article.

And please refrain from swallowing hook-line-&-sinker the contentious propaganda of Francis Fukuyama about the ‘end of history’, that accordingly history had concluded with the galvanization of liberal capitalism, that history makes no more sense. Fukuyama’s theory is a slapstick narrative of hyper-valuation of the ‘mad economics’ of late capitalism and hypo-statization of reality that has no relation at all to the real in the world out there. Fukuyama had taken as ‘real’ what is actually ‘virtual’, and froze time much like unto a fairy tale of timelessness, of history-less Nietzschean moment that is fit more for infants than for adult humans.

Fukuyama epitomizes the ‘mad economics’ of all those Pied Pipers of the global oligarchy for whom he works, and his discourse is akin to the ‘mad discourse’ so described by the late Michel Foucault. The ‘mad economics’ of Friedman, Hayek, Fukuyama, and all those technocrats who serve as processors and bagmen for the global oligarchy, is precisely symptomatic of that colossal ailment of a world system, and as we all know, madness can never salve ailments but rather hasten the system’s death. Caput! Blow your horns, prepare dirges to this Dead One!

Unless that you yourselves have become maddened by the seemingly infinite monies flowing unto your purses as you are among the beneficiaries of ‘late’ capital, unless that you are indeed now suffering from combined maladies of sociopathy and schizophrenia, unless that sanity had departed from thee forever, please heed the last plea of your own conscience where sanity had retreated: CAPITALISM IS DEAD! No amount of propagandizing, of contorted interpretations, can ever change the course of history at this juncture, as we are all headed for a TOTAL SYSTEM COLLAPSE in the months ahead. Read that please: MONTHS AHEAD, not years ahead.

What went wrong with capitalism? I’m sure all of you fellows knew what went wrong, do I even need to answer that? Your previous thinker mentors, among economists and sociologists, forewarned you all of the forthcoming demise of capitalism, but you paid nary an attention to those brilliant minds as you were so engrossed in your ‘conspicuous consumption’, behaving more like some infantile EATERS or as anthropoids rather than as thinking and spiritually evolving humans. You are all very much human, so please consistently behave like one, and begin by listening to the Inner Voice of your conscience, for that voice is your soul’s.

Let me summarize the diagnostics, forewarnings and/or prophecies of our thinker mentors from the West, and I’d stress WEST because there are some other thinker mentors from the EAST and SOUTH whose peregrinations are so recondite they are not so easily digestible. Let me just stress the WEST as this is what is common to us all. So let me re-echo the thinkers and their theories:

· Karl Marx & Friedrich Engels: The internal contradictions between the private nature of capital (ownership of means of production) and the social nature of production. The ‘crisis of overproduction’ and the ‘law of the falling rate of profit’ are attendant patterns. Social revolution results, then the alternative society will be constructed.

· Max Weber: Industrial capitalism’s granite product, the bureaucracy, led to dehumanization. He never forecast though whether this dehumanizing system can be sustained—but please read between the lines. (His contemporary Emile Durkheim had a similar observation about ‘anomie’ or normless state of urban/industrial society.)

· Thorsten Veblen: The end-phase of industrial capitalism is markedly pathological. ‘Conspicuous consumption’ is the disease of this phase, the toxic behavior from the ruling class that later filtered down to the emerging middle class.

· Joseph Schumpeter: The internal contradiction between the desire for profit and the revolutionary character of innovation. The demise of capitalism will see the possibility of the technical class taking over society and build that alternative system later.

· Daniel Bell: The ‘post-industrial’ society had already been born right inside capitalism. A distinct modality in itself, post-industrialism will eventually prevail in a system that isn’t capitalist (or money economy) but rather knowledge-based. The ‘service worker’ had arrived on the social landscape, the prototype class of the future.

· Theodore Adorno, Jurgen Habermas, Herbert Marcuse: ‘Late’ capital is characterized by the pervasiveness of ‘instrumental reason’, where reason is used to justify the non-rational (‘madness’ in Foucault’s argot), where state planning/intervention was infused into a system that scorned intervention.

· Alvin Toffler: Both capitalism and socialism are based on hoarding, both are variants of the same industrial society of yesteryears, both are based on ‘2nd wave’ capital-intensive technologies and non-renewable energy sources. The ‘post-industrial’ society is altogether distinct, isn’t based on hoarding, production-consumption (‘prosumer’) is based on ‘3rd wave’ knowledge-intensive technologies and renewable energy sources, knowledge cannot be hoarded.

I need not articulate further, do I? They all converged on one theme: capitalism is transitory, it bred social maladies (alienation, dehumanization, anomie, conspicuous consumption,…), is systemically flawed, and will be dismantled at sometime in the future.

No matter how delimited their theories maybe, as they all proceeded from certain perspectives (they were all ‘paradigm’-based in the jargon of Thomas Kuhn), they all proclaimed—in either tacit or explicit fashion—the coming demise of the system. They weren’t as silly as Fukuyama who popularized seemingly ‘satanic verses’ (distorted precepts) about a non-changing, permanent economic landscape called ‘liberal capitalism’, but were rather so adroit at social forecasting that they saw a vision of the future as they were articulating on their empirical observations of the present society.

So, fellows out there, prepare for the months and years ahead. We are headed towards those stormy months, years, maybe even decades. How the future society will come to shape is not easy to forecast. “Something blurs the Force, darkens our sight of the future,” declared a Jedi Master in the Star Wars cinema fame. Let me end right here.

[Writ 22 August 2008, Quezon City, MetroManila.]