A Sunday Reflection

 

H/t Annie

Nothing New To Report

Here is a perfect illustration of why unfettered capitalism and ethics are incompatible:

Canada’s national pension fund manager is among a group of Canadian companies that are undermining the federal government’s international anti-coal alliance by investing in new coal power plants overseas, an environmental organization says.

Friends of the Earth Canada joined with Germany’s Urgewald to release a report today looking at the top 100 private investors putting money down to expand coal-fired electricity — sometimes in places where there isn’t any coal-generated power at the moment.

The report lists six Canadian financial companies among the top 100 investors in new coal plants in the world. Together, Sun Life, Power Corporation, Caisse de depot et placement du Quebec, Royal Bank of Canada, Manulife Financial and the Canada Pension Plan Investment Board have pledged $2.9 billion towards building new coal plants overseas.

The fact that the corporate world extols maximum profit at any cost largely limits government goals on climate change mitigation to the aspirational:

While Environment Minister Catherine McKenna is claiming to be a global leader on phasing out the dirtiest of electricity sources, private investors are “undermining that commitment,” says Friends of the Earth senior policy adviser John Bennett.

Canada and the United Kingdom last month teamed up to launch the Powering Past Coal Alliance, trying to bring the rest of the world on side with a campaign pledge to phase out coal as a power source entirely by 2030 for the developed world and 2050 for everyone else.

Clearly, this post reveals nothing new, eh?

Pensée Du Jour

I Have Nothing To Add To This

... except the adjective unfettered in front of capitalism

Mark Carney Speaks On The Consequences Of Unbridled Capitalism

Mark Carney said the following to a group of the world's elites last week:

"Just like any revolution eats its children," Carney told the audience of global power brokers, "unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself."

"All ideologies are prone to extremes. Capitalism loses its sense of moderation when the belief in the power of the market enters the realm of faith."

It's rather gratifying to think of certain groups and individuals with their knickers in a twist, isn't it?

A Refreshing Perspective

For the first time in decades, I feel a modicum of optimism about organized religion. The new Pope, Francis, is breaking the centuries-long stultification of the Church through the kinds of pronouncements that reflect its founder's beliefs and are long overdue. But with views like these, in which he lacerates the conventional wisdom about capitalism, I can only hope that he has a trusted taster for both his food and his drink.

A Graphic Depiction of Unfettered Capitalism

The true believers in unfettered capitalism will not like this video:

H/t Alex Himelfarb

What Fools These Mortals Be

The title of this post, taken from Shakespeare's Midsummer Night's Dream, hardly qualifies as a startling insight. Nonetheless, after reading two columns in this morning's Star, I couldn't help but reflect on the mass of contradictions that we are. It has likely always been thus, but stands in especially sharp relief in today's broken world.

My very wise friend Dom pointed out something to me recently. "Lorne," he said, "the genius of the corporate world has been to get us addicted to cheap stuff from China, even though that cheap stuff comes at a very high cost: the loss of good-paying manufacturing jobs, as well as the spread of retail positions (think Walmart) that refuse to pay a living wage."

On some level, I suspect we are aware of this truth, but choose not to ponder it as our search for bargains encompasses an increasingly wide swath. In her column today, Heather Mallick confronts the issue head-on in a meditation prompted by Wall Street's reaction to Apple Tim Cook's recent announcement about bringing a small amount of Apple jobs back from China. What should have been a cause for celebration in the depressed American job market turned out to be anything but:

Wall Street’s instant response was to drop the stock several percentage points. Apple is the biggest company in U.S. history. But despite its might and inventiveness, the market judged it solely on its merits as a behemoth built mainly on cheap Chinese labour.

But it seems that it is not just the stock market that takes a dim view of such a move:

Ten years ago I paid $250 for a coffeemaker. Today I pay $80. Would I pay even $60 more to restore Canadian jobs?

Yes, I say. But am I being truthful? I buy books from Amazon.ca because they offer me 37- to 50-per-cent discounts and free shipping. But I could buy them locally at full price if I were of a mind. I am not.

So yes, we would like to see a return to good-paying jobs, but not if we have to pay more for our goods as a result. While I realize this may be an over-generalization, Mallick really does speak an unpleasant truth about our contradictory natures.

On a separate topic, Dow Marmur writes about the irony of how our best impulses, our philanthropic ones, may have undesirable and unintended consequences. Echoing a concern I recently voiced here, Marmur opines that private efforts to relieve hunger in fact make it easier for governments to ignore the problem of growing and intractable poverty.

He writes about Mazon, a Jewish group whose aim is to feed those in need irrespective of background and affiliation. So far it has allocated more than $7 million to food banks and related projects across Canada.

Its founding chairman, Rabbi Arthur Bielfeld, recently

... challenged the government to render it and all organizations of its kind obsolete. In reality, however, the need continues to increase multifold. A quarter of a century ago there were 94 food banks in Canada; today there are more than 630.

Citing recent data, Rabbi Bielfeld said that some 900,000 Canadians use food banks every month. Last year more than 150 million pounds of food were distributed to families in need; 38 per cent of recipients were children. This year many will have to make do with less because of growing demand and diminishing resources.

Marmur observes the irony of it and many other organizations committed to the reduction of poverty:

... as essential as it is to help those in need, ironically, the relative success of such efforts helps governments to get off the hook. At times it even seems that charities find themselves inadvertently colluding with the inaction of politicians.

And so we have it. Two very good writers making some very relevant observations about the contradictions that define our humanity. On the one hand we want to be oblivious to the economic and social consequences of our propensity for bargain-hunting; on the other hand, even when we allow our better angels to come to the fore, the results are anything but an unalloyed good.

I guess, as always, the answer to this conundrum ultimately does lie in our own hands.

The Remaking of Canada in the Neo-Conservative Image

In the world of unfettered capitalism, everything has a price and nothing is sacred. To paraphrase Oscar Wilde, the neocon knows the cost of everything and the value of nothing. I was reminded of that this morning as I read Christopher Hume's latest column in the Star entitled The great public sell-off continues, in which he explores the consequences of trying to commercialize our public assets.

It begins, From sidewalks and schools to the CBC, the public realm is under siege at every turn.

He later offers the following observation about the consequences of the frantic effort to make money off of our public intstitutions :

But once that happens, it no longer belongs to us. Organizational needs will be served, but not those of the user. And as institutions are forced to turn themselves into businesses, our connection to them becomes a variation on the relationship between consumers and corporations. They act on their own behalf, not ours.

Federally, under the Harper regime we bear witness to the gradual and probably irreversible dismantling of the Canada that we have known for so long. In other jurisdictions, both provincial and municipal, the same process is apace.

If any of this concerns you, I hope you will spare a couple of minutes to read the rest of Hume's thoughts on the matter.

Martin Regg Cohn On The Wider Implications of the Electro-Motive Debacle

So the first lesson of the London massacre: Ottawa must be vigilant about vetting foreign investment and retaining jobs, but also mindful of valuing — and anchoring — our homegrown intellectual property. Why underwrite our companies if we willingly sell off our embedded brainpower to foreign bidders who leave Canada cash-rich, patent poor and jobless?

That, and the following, essentially sum up an excellent article by Cohn found in today's Star:

Another lesson: When it comes to the economy, empathy isn’t enough. Premier Dalton McGuinty adopted a reflexively tepid tone from the start, expressing the vain hope that both sides would come to their senses. Belatedly last week, he ratcheted up the rhetoric by exhorting the plant’s owners to play fair.

But he never picked up the phone to the employer. Nor did he reach out to Prime Minister Stephen Harper to forge a non-partisan common front. When a company treats its workers like dirt, a premier should leave no stone unturned.

But of course, the one error Cohn makes in his piece is the underlying assumption that either Harper or McGuinty really give a damn about ordinary people in this country. Proof that this is a misguided assumption: our 'leaders'' virtual silence on yet another instance of unfettered capitalism wreaking havoc in this country, and the aiding and abetting role they played.

A Man Is Not A Piece of Fruit

"I put 34 years into this firm, Howard, and now I can't pay my insurance. You can't eat an orange and then throw the peel away - a man is not a piece of fruit" - Willie Loman in Arthur Miller's Death of a Salesman.

In the play, Willy Loman lives in a world of illusion, a world in which loyalty and long-term service are rewarded by one's employer. Of course, even when the play was written, that ideal was already on the wane to the point that we are now witness to the return of unfettered capitalism worldwide, where workers are yet just another disposable commodity.

In her column today, Heather Mallick writes about how all of the electronic tools that we so highly prize for both our productivity and our diversion are made in China under conditions that are eerily reminiscent of those that gave the Victorian Era such a bad name.

About Foxconn, the electronic company that makes about one-third of all of the electronic devices we use today, she writes:

Cameras watch the line workers and supervisors throughout non-stop shifts of 12 to 16 hours ... the workers wear uniforms. They are not allowed to speak to each other at work. After a recent string of suicides, Foxconn installed nets on the upper floors and made workers sign documents promising not to kill themselves.

When you work as hard as Foxconn employees do for dimes an hour, the joints in your hand disintegrate ... Workers don’t switch from job to job, as Canadian workplace standards would demand. They make the same motion hundreds of thousands of thousands of times until their hands are used up. “When you start working at 15 or 16, by the time you are 26, 27, your hands are ruined.”

And finally, in a slip that reveals much about how the workers are regarded, the head of Hon Hai (Foxconn) last week said:

“Hon Hai has a workforce of over one million worldwide . . . to manage one million animals gives me a headache.”

It has been said that a picture is worth a thousand words. Sometimes, however, words are just as effective.

Linda McQuaig on Harper's Anti-Labour Policies

Drawing comparisons between Republican animus toward labour and Harper government policies that permit the kind of outrageous corporate behaviour unfolding at Electro-Motive Canada, Linda McQuaig's column in today's Star warns us of what is ahead for workers in Canada.

Two key excerpts provide the tone of her piece:

Harper played a key role in bringing about this disaster for the London workers by approving the sale of the company, Electro-Motive Diesel, to foreign-owned Caterpillar in 2010, after supposedly investigating whether the deal was in Canada’s interests.

Harper is of course staunchly pro-capitalist, and has aggressively lowered corporate tax rates, while refusing to link lower taxes to investment or job creation.

But his anti-union stance, evident in disputes at Air Canada and the post office last summer, has been particularly provocative. He seems determined to turn Canada into an anti-union paradise.

As usual, McQuaig's analysis is well-worth perusing in full.

The Power of the Documentary

Although traditionally avoided as a rather staid and boring genre, the documentary has enjoyed a real resurgence in popularity over the past couple of decades, no doubt in part due to the important and provocative work by people such as Errol Morris, Michael Moore, and Velcro Ripper. A good documentary, for me, is one that provokes thought and provides knowledge and insights we often don't have the opportunity to encounter in our day-to-day lives.

Nature documentaries, when done right, can accomplish much. A series on the earth called Earth From Above, spectacular when viewed on blu-ray, but I'm sure almost as visually stunning on a regular DVD, has much wisdom to impart. In the episode I just finished watching, called Amazing Lands, the point is made that every impact humanity has on the earth, whether intentional or unintentional, has far-reaching ramifications.

For example, deforestation means the destruction of habitats to a myriad of species, oftentimes resulting ultimately in their extinction. It also means the loss of flora whose possible medicinal benefits to humanity will never be known. Another impact of that deforestation is land erosion that means heavy rains carry formerly fertile topsoil down in to the rivers, the mud killing the fish, etc. But while we may understand all of this as a series of abstract facts, a naturalist on the show reminds us that we have no ability to imagine what any of this really means. It is very similar to when we are talking about the magnitude of national debts. The numbers really don't mean anything to us.

The only real wisdom here is for all of us to remember that we are not above nature, but rather simply a part of it.

I therefore highly recommend the series as a way of helping us to start understanding what the environmental destruction wrought by an unfettered corporate agenda, aided and abetted both by our political 'masters' and our own rampant and very disposable consumerism, really means.

And since this is Sunday, I will not apologize for the preachy tone of this post, but instead leave you with two of my favourite poems, both written at different points in the nineteenth century; both resonate very strongly with our situation today:

The World Is Too Much with Us - William Wordsworth

The world is too much with us; late and soon,
Getting and spending, we lay waste our powers;
Little we see in Nature that is ours;
We have given our hearts away, a sordid boon!
This Sea that bares her bosom to the moon,
The winds that will be howling at all hours,
And are up-gathered now like sleeping flowers,
For this, for everything, we are out of tune;
It moves us not. --Great God! I'd rather be
A Pagan suckled in a creed outworn;
So might I, standing on this pleasant lea,
Have glimpses that would make me less forlorn;
Have sight of Proteus rising from the sea;
Or hear old Triton blow his wreathèd horn.

God's Grandeur - Gerald Manley Hopkins

THE WORLD is charged with the grandeur of God.
It will flame out, like shining from shook foil;
It gathers to a greatness, like the ooze of oil
Crushed. Why do men then now not reck his rod?
Generations have trod, have trod, have trod; 5
And all is seared with trade; bleared, smeared with toil;
And wears man’s smudge and shares man’s smell: the soil
Is bare now, nor can foot feel, being shod.

And for all this, nature is never spent;
There lives the dearest freshness deep down things; 10
And though the last lights off the black West went
Oh, morning, at the brown brink eastward, springs—
Because the Holy Ghost over the bent
World broods with warm breast and with ah! bright wings.