Erle Frayne D. Argonza

Let me go back to the question of what lies ahead of us—when ‘late’ capitalism dies and yet capitalism will be extended. I am not discounting the possibility that capitalism’s life span will be extended, but this will no longer be ‘late’ capital, just to remind everyone.

You better fasten your seat belts, as the stormy days ahead will come for sure, and as this heraldry from me will sound as stormy already as those times ahead. Stormy heraldry, because (a) you will not come to like it and that (b) its impact will be so nauseating and revolting that you’d rather sedate yourself most quickly with wine, liquor, pot or anything that can reduce that revulsion. I forgot, for the fundamentalists, you’d pray for hours to allay your fears.

By the time ‘late’ capital arrived up to the current juncture, or roughly the whole of the post-Great Depression era, the following developments have come about:

• State intervention/planning was infused into the system. Post-war former colonies proceeded on their industrial development tracks along this dirigist market model. The USA and Europe were saved from collapsing, emerging markets appeared.

• Market reforms were later introduced, bringing back free market and free trade principles. Centrally planned economies China and Vietnam infused market reforms to construct a ‘social market’ model, while former socialist states folded up in Eastern Europe and 3rd world states.

• The era of ‘mad economics’ resulted from the system integration efforts of ‘instrumental reason’. The dividing line between the rational and the mad in decision-making and system maintenance was effectively deconstructed and erased. In esoteric-mystical argot, this era is the period of the Demonic Mind, the era of Anti-Christ.

• ‘Virtual economy’ based on predatory financial practices of creating values from out of money flows (rather than from concrete production) was exemplified by ‘bubble economies’. Bubble bursts were followed by destructive, catastrophic crises and shrinkages of affected economies.

• Nation-states’ economies came to be integrated into a single economy, via globalization. A planetary economy was already institutionalized, yet no planetary state exists to regulate conduct of commerce and business at a global level. The contradiction between the norms of the planetary economy and the interests of the nation-state has led in no small measure to the fragmentation of nation-states and emergence of mini-states. Globalization has been undermining the nation-state in general.

• All of such developments will hyper-converge in the months ahead in a general system crisis characterized by hyper-inflation, great depression, and total system collapse. As the economist Lyndon LaRouche correctly perceived, that collapse phase is now taking place at a rapid rate.

• Wars and hostilities are intensifying across the globe. Surrogate wars of world powers have also been rehearsed, such as the Georgia-Russia conflict. All of these conflicts will hyper-converge in a World War III or intercontinental war, the duration of which no one can forecast so easily.

So, going back to the issue, if the ‘virtual economy’ cannot be sustained and its collapse will bring the final death blow on ‘late’ capital, is it possible to extend capitalism’s life span? Yes, the possibility is very likely. But the context emerging from the resolution of the general global crisis will hardly resemble what you’ve ever seen before nor imagine.

First of all, the consolidation of the system and attempts to prolong it can never take place without draconian police state tactics. As Lenin correctly emphasized, the dividing line between liberalism and fascism is a superficial one. Neo-fascism will become the political modality in order to save capitalism and bring it to its next phase. State terror heretofore untold will unravel the old order of things and bring the ‘new world order’ into place, resulting to pogroms that will dwarf both Hitler’s ‘final solution’ and Stalin’s ‘purges’ combined.

The possibility of a global state will finally become granite rock, with the United Nations most likely the base for creating that global regulatory mechanism governed by a demonic ‘world rule of law’. This global state will have its own military and police forces, and will have no qualms in quelling dissent and enforcing global fiats in order to bring forth the ‘new world order’.

The global corporations of the moment, whose assets and revenues are already so huge that they dwarf those of nation-states’, will all the more become gigantic. The same corporations will then declare their respective turfs among region-states and city-states that will be created from the dismantled nations. Each mega-corporation will be endowed with its own private army, akin to the British East India Company or BEIC of old, of professional mercenaries beholden to no state but to the corporation, but which can be mandated by the global state to engage hostile forces in other regions and cities.

The era of New Feudalism will then ensue from the social and urban-ecological arrangements emerging. The era of ancient Florence, Venice, or city-states with their own respective armies and ruled by powerful commercial families, will come back though in more sophisticated vogue.
The competing powerful & wealthy city-states will then give rise to new conflicts in the form of ‘wars of the cities’, much akin to the ancient Greek city-states’ conflicts. Before this century’s end, no more nations shall exist, but rather a world of cities and regions integrated largely through the mediative and regulative planetary state. Weaker cities and regions will become the vassals of powerful cities and corporate groups, at a time when technology will even be more revolutionary. The New Feudalism will be based on an integration of capital and information, contrasted to the Old Feudalism that was based on land.

As soon as 3rd phase cybernetics will conclude, and probably a 4th phase will begin, which will all the more erase the barrier between human and machine, the envisioned Technotronic Society will become the manifest order. Cyborgs and machines will then become perfected and endowed with quasi-human intelligence, while those humans with weak minds will be totally controlled via perfected chips, mega-computers, and new cybernetic systems. Large numbers of subhuman ‘Manchurian candidates’ or MCs will become the docile slave labor of the day, well fed and provided for, but whose behavior will be totally programmed and re-programmable.
That technoronic society of the neo-feudal capitalist ‘new world order’, or simply Technotronic capitalism, was fitfully described and forecast in the film series Matrix and Terminator. As 3rd phase cybernetics is advancing today in laboratory incubators of the North, cybernetics that will dismantle the barrier between human and machine, the possibility of an early arrival of that dreaded machine-controlled ‘new world order’ has become concrete. The question is no longer ‘will technotronics come’, but rather ‘when will it come’? Matrix and Terminator are no film fantasies but are rather scientific extrapolations based on existing and developing cybernetic principles.

So, fellows out there, would you count yourself among the fanatical supporters of ‘capitalist life-span extension’, or would you rather opt for a new economy & society other than the ‘new world order’ that has been engineered by the global oligarchy? Or, would you rather be silent about the matter, as the ‘silence of the lambs’ means the Keynesian “In the long run, all of us will be dead!” Caput!

Let me now end here. Suffice that I shared my notes about the possible extension of the favorite economy of the pro-capitalists or the most abhorred society by capitalism’s detractors. At least I didn’t fail to show you the possibilities, I being a sociologist and economist who learned from my thinker mentors the craft of social forecasting or ‘futurology’.

Till next writing! Adios! Adieu! Paalam! Farewell!

[Philippines, 23 August 2008]

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