The Lethal—Perhaps Omnicidal—Plutocracy

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Eric Schechter
OpEds


A premature or immature revolution against capitalism may leave capitalist values practically intact, warns the author, and we agree.[dropcap]S[/dropcap]ome people believe the plutocrats are a well-organized hierarchy, like the fabled Illuminati. Those people are mistaken. The plutocrats are, in fact, an unruly and stupid mob, fighting against each other and even themselves almost as much as they fight against the rest of us.

This was already evident from the fact that the plutocracy is gradually destroying the ecosystem, on which even the plutocrats ultimately depend – they can’t eat money, though they may not realize that yet. And the destruction is speeding up, due to feedback loops, much faster than most people realize. With current trends I would estimate the point of no return around 2025, collapse of civilization (due to immense famine) around 2032, and the extinction of our species around 2040. So it’s worse than the Ted Rall cartoon to which I’m attaching this little note..

But that self-destruction was not fast enough for the plutocrats. Now they are using the pandemic as a way to speed things up. Capitalism always was a balancing act, and now I think they are losing their balance. With mass layoffs and insufficient unemployment checks, they are rapidly, greatly increasing the numbers of the poor. I think this makes inevitable EITHER A REVOLUTION OR THE COLLAPSE OF OUR CIVILIZATION, perhaps by 2022.

If we have a revolution then, I fear its vision will be too small. In desperation, people may hastily cobble together the first revolutionary arrangement they can manage. That will only apply a band-aid to our economic system, not the deeper changes we need, and that will not address the ecosystem problems at all. Those problems will continue on the schedule I mentioned earlier.

Our only hope for a future is if we get more people talking about these things. Tell everyone.

ABOUT THE AUTHOR
Eric Schechter is a professor emeritus in mathematics from Vanderbilt University. Retired in 2013, Schechter is currently an anti-capitalist activist. His main blog is at https://leftymathprof.wordpress.com.



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