Revealed Abundance

07/12/2005

Abundance is revealed by Capital in its crises of overproduction, which might appear to have been institutionalized during the 20th century with the growth of the military-industrial complex. But this has only revealed a higher level of the bourgeoisie’s anxiety-torn existence, its “long-term crisis”, which has to do with humanity’s potential thanks to our scientific-technological development. Imperialism long ago chose to turn the planet into a predominantly petroleum-fuelled business. But when people, believing that oil discoveries have peaked and that we face a catastrophe owing to energy scarcity, say there is no ONE energy source to replace oil, they are right –in fact, there are many. It is not scarcity that epitomizes Capital’s problem but abundance –if Capital seeks to replace petroleum with something more profitable, its dilemma is surely partly about choosing the right one –which is not just a problem of the right one but of the choosing –who is going to do it and how? The same dilemma can probably be multiplied across the whole vast vista of emerging and developing science and technology since WW2. This is the over-production problem of the future, rather than the present, but which is also present now because decisions have to be made and the world system has to be made to work. Science and technology open up increasing opportunities, but confront the bourgeoisie as the sorcerer’s apprentice of old. This emergence and this development set at odds all levels of capitalist power. U.S. Capital is convinced it has to decide, but how? By dictatorial proclamation? But what if the Europeans are already developing something new. Moreover, how might such a vast infrastructure as that which has grown up for petroleum be dismantled even over a fairly extended period of time? What will happen to our “geopolitical” system!? And how long will they –or can they –fall back on the assurance that, anyway, petroleum is still BLOODY profitable. Science can tinker with the existing state of affairs, and it can radically overhaul them, but is it feasible to do so at a worldwide level? But what happens if they don’t? America has alliances, but can it trust its European friends faced by such tremendous opportunities? And on it goes. These are some of the questions we are interested in.