I wish I had raw, cold facts I could present, but right now I do not. What I can say is that we have done significant damage to the true hope and motivation of this country in terms of the promise of our ability to cope with resource and energy scarcity. In some ways, a self fulfilling prophesy has been set in motion. It is absolutely certain that we are going to face physical resource limitations that will greatly limit our ability to grow or even maintain the status quo. But with trillions of dollars handed over to banks, with a continued antagonistic (and expensive) foreign policy, and with our arrogant go-it-alone type mentality, I think we have shut many doors in the non-physical sense as well.
This damage takes two forms. Firstly, we have stoked the flames of economic competition with China and other nations. While I am not one to shy away from a good contest, I think we have failed to realize that we actually lack many of the advantages that China has going forward. It is best not to antagonize those that hold power over you. Right now, perhaps we are still a superpower, but the Chinese mentality and plans for the future, our lack of exports, combined with our generalized antagonism of our creditors has virtually ensured that we will be faced with resource nationalism going forward. I'm sure that our response will be more veiled threats and covert actions to disrupt, confuse, and injure, but none of these actions will succeed in providing us with cheap resources over the long haul. The war in Iraq, based on false premises, resulted in greatly inflated fuel prices and many tens of thousands of American and Iraqi civilian deaths. This is not the textbook definition of cheap oil.
The second phase of the damage that has been done deals with the mentality of Americans. At a time (summer 2008) when our problems with energy and the environment had become widely recognized, even by die hard conservatives ($147 makes a Hummer expensive to fuel), we chose a path of paper "investments" (read: plunder packages) rather than infrastructure and productive ones. At a time when the political capital of the Obama election was very strong, we have maintained and indeed extended the exact same status quo policies of past administrations. The politicians tell us that this is acceptable, because the run up in commodities prices was purely a speculative phenomenon.
Indeed, Americans voted for change because they knew our country had problems and they wanted a better future. Unfortunately, instead of productive, tangible investments, we have focused on banks. Even then, we have failed to introduce any new regulations or systemic changes in now a full year since Lehman failed and "systemic" risk is more concentrated than ever. I believe that patience is starting to run short (I know it is with me). The hope that Americans felt that we would be able to solve - or even just candidly address - our energy and infrastructure challenges is rapidly fading. It has been replaced with disillusionment. Without a legitimate sense of purpose and a perceived ability to have a positive impact on our nation's future, it is difficult to see our nation having the heart to deal with the difficult challenges ahead. All is not lost, but the energy and enthusiasm that was present in the recent past is rapidly fading and being replaced by (in my opinion) warranted cynicism that our political system can function in the interests of the people. We now distract ourselves with healthcare to avoid dealing with the underlying issues that plunged us into this crisis in the first place. D.C.'s two ring circus lives on.
And yet, despite all of these pitfalls, there are more and more Americans that are beginning to understand that political "solutions" will not help us. More and more are starting to understand that what we're dealing with here is not a left wing or right wing thing - since when was corruption limited to a specific political ideology? But with a corporate media that reinforces and imposes divisive politics- using buzzword, sound byte labels: "socialism," "wing nut," "extremist," "national security," our challenges at even communicating with each other continue on. Perhaps the greatest thing that we can reasonably aspire to achieve in this crisis is a repudiation of the mainstream media and an embrace of common sense, trust yourself type thinking.
I've never been more convinced that in many ways, the die for the next 50 or 100 years are mostly being cast right now. To be sure, many things are possible and there are few absolutes in terms of what future choices can be made. But the intense cultural feelings and spirit that have been present this past decade have come to a head and it is fascinating to see what is resulting and to speculate what may come in the future. I can at least be grateful that my experience will not be mundane. We do indeed live in interesting times.
