An eastern driven paradigm is emerging dominant to supplant western control of all things economic, but I don’t want to call this a mere paradigm shift—that would be giving too much credit to the western way of life that only knows how to get high on credit, in the process destroying its credibility and its ability to evaluate itself and others. The title, rather, hopefully connotes the emergence of something substantive (a paradigm) filling a multi-hundred year vacuum of cross-dressed imperialism. The artificially floating island that has been loosely anchored is now encountering severe waves on vibrational planes in which its narrow ideology overlooked or lacked the capacity to factor in: it’s a 2-dimensional object about to learn for the first time that it exists in a 3-dimensional world. The ensuing “Economist Irrelevancy” that I chose for the title over the original and unjustly impartial place holder “Economic Relativism” will see the conclusions drawn from this vacuous field of thought now appropriately overlooked and disregarded.
I mention the impropriety of utilizing the concept economic relativism, which I mean here as something akin to cultural relativism, because the notion that neither the eastern mixed economies could say anything valid about our western economics and vice versa is not the case at all. The eastern economies won’t need to say anything, their proof of success will be that they endure, and the western economies and their economist ideologues won’t be able to say anything because they’ll be drowning in their own blood from their tongues they self-severed. To put it another way, the East not only has something valid, it’s very validity is in the process going to invalidate the peculiar western mode of monetizing and destroying every natural resource we define as such—water, timber, herds, grains, humans, metals, the fossil fuels to move them… The western lack of a paradigm has done such a poor job in our interactions with the rest of the world that it is surprising there is still an element in the world with enough energy and courage to blaze a slightly less destructive path, and this is taking in to account the smoggy horrors of eastern industrial cities, the topless mountaintops, and the autocratic ruling elites who occasion massacres on their own people. With such horrors from the eastern theatre being accounted for and its still being a hope for the world is testament to how low the West has dug itself: endangered is always preferable to extinct.
Economist irrelevancy—like the return to a multi-generation household—is going to be a creeping reality that will see growing percentages of the public sphere paying less and less attention to the unveiled charlatans. There has been little to no science behind the mainstay economist “scientific” theories, and there is only poor insight warranted from historical analysis as supplement, so it should be no surprise that the enterprise is failing on its own accord, sped along now by more sensible (eastern) approaches to society. I say society, and not economics, because the very notion of economics as an individuated and separate domain (a western notion) from the domains of culture, governance, and biology, is itself a predestination for ruination. It is true that there have been brilliant and important insights offered by economists from time to time, but these concepts or methodologies they have arrived at almost always travel abroad in to other academic territories, and are strengthened the further away they get from the isolated economics sub-field, and the more interdisciplinary their content and applicability becomes. It’s worth being fair and should be mentioned, also, that our well-known economists do have a handicap, namely that they are partisans that must toe the party line rather than bear integrity, and they are generally sycophants hoping for promotion with fool knowledge they offer nothing tangible—save delusions and convenient propaganda—to the larger society. We can choose to weep for these unfortunates put in a difficult spot with an education that is premised on serving an ideological system that is constantly in need of first aid, or we can arrive at tears from a life-enhancing hysterical laughter.
The above three paragraphs are reason enough that anyone reading reports from the western press that say China specifically is in trouble because of such and such an economic indicator, or say some new statistic signals a downturn, has the right to be highly skeptical (or outright dismissive). It’s absurd that a failing western economy would produce economists that could know how to analyze whether or not it was a good thing for an ascending economy like China to orchestrate a synergy of nations to begin adopting precious metals backed currencies. This mixed economy (for lack of a better term) is way out of their league, and China might be viewing itself as an exporter nation in much more significant ways than mere tacky consumer goods. They may be viewing their emerging position to be producing finished goods for themselves (as opposed to the European colonial model of colonies as markets) with a refocus of their major export to no longer be consumer goods, but to be a currency, itself a finished good, that took the raw materials of gold and legitimacy, and fused them together to sell to a world hungry for security from western destabilization. It is foreseeable that China at some point will give particular industries a break in some cases, as they have to be aware of the externalities of severe pollution; this is something that would never happen in a western corporate capitalist model where externalities are never factored in proactively, only reactively when they directly affect the principle business efforts; China has the advantage of potentially caring for their own people despite a contrast with profit motives.
Unemployment, a positive indicator in a smarter paradigm.
At basis, before the layers of confused thought are piled on top of it, unemployment signals a surplus that must exist, enough of a surplus so that there can be people that aren’t working that are still able to be fed and kept alive entirely without a physical need to contribute within the monetized economic sphere; either that alone, or in combination with a situation where the monetized economic sphere is overly narrow and neglects being the measurement of real value, is what is really happening when looking at a society from a bird’s-eye view. Surplus in these situations can then translate either in to several individuals having no jobs or a greater number having easier jobs that might be loosely thought of as “underemployment”. Higher unemployment is thus a compliment to the interaction that a society is having with the natural world, that there is enough abundance for the human peoples dwelling there produced by less than the effort of all the individuals combined. Job creation, on the other hand, is a sign that the economy is slipping in production, so that additional help is needed whereas it previously was not. The hiring of more hands means at base that the hands you already had are getting weaker (or the load of work is getting heavier and more daunting).Yet the highly distorted western ideological framework has these two concepts—not analogous but akin to “Orwellian speak”—completely reversed! Such an individual focused mindset stemming perhaps from consumer capitalism (¿rather than producer capitalism?) feels it is a great value to have everyone of age be working, regardless that such a large number of the jobs are actually counter-productive and cause a further wasting-away of the commons. People being miserable at their jobs is not factored in at all, though it may be the most important intrinsic indicator of how sick a society, let alone an economy, really is. An economy that grows at the expense of the society in which it is embedded, given enough time will be no economy (or society) at all.
Recent reports lambasting China’s economy from the unemployment angle are therefore bunk, if they are not to be utilized as a supplement to some other point that goes beyond just a narrow statistical dipstick. Again we must speculate, but perhaps the growing unemployment in China is already or going to be translated in to a 30 hour work week, or an increased level of leisure time for vacationing and cultivating cosmopolitan sensibilities in a people that are poised to take over the global economy with a powerful currency that will facilitate their travel. Perhaps China has a powerful enough spine now that they can go-alone the introduction of a gold-backed currency, shut down the factories and stop exporting for two full years because they aren’t dependent on those profits, and buy 100% of their goods from foreign makers because of their highly valued non-fiat currency. This unlikely but mathematically possible scenario could also greatly benefit their usurpation of the global reserve currency status because they will be seeding their money all over the globe, driven by meeting the wants and needs of 1.3 billion people. If that’s not conquering I don’t know what is, yet western economists would call it an economy in shambles: 100% unemployment, no industrial output… yet doing the best ever and breathing clean air! What a clear view of our inversion predicament that would be! China could be unbelievably powerful because of the global historical fascination with gold as a store of value, yet I’m sure they still feel the need to tread lightly with extremely dangerous military powers still lurking, ones that have proven they will use nuclear weapons to further their aims; such potent adversaries on the game board of the global economy are sure to give pause to China if not cause them full impotency.
Focusing in on the coming trend of Chinese vacationing out in the world with a powerful currency in their wallet, I think many tourist destinations will start (or already have) to easternize in their favor ahead of their arrival. Places will compete to be eastern and as it happens, more nature friendly: the McDonalds in the Bahamas will be gutted and replaced with perhaps a Chinese water garden and some other traditional nuances that I have no clue of, because they’ll no longer be fishing for dollars that had the silver lining wear off, but for big catch RMBs that beneath the plain scales have flesh made of gold.
Anyways, times are changing and so are the parameters by which we can hope to evaluate that change. Such an odious place that could genocide an entire continent’s people (the Native Americans) and not admit it to itself is not a very self-honest or thoughtful place, so I doubt much of intellectual value could emerge that allows an honest look at foreign societies let alone at down-spiraling internal dynamics.