crossposted from the Black Agenda Report
"The overlapping American mega-crises of Katrina, the Crash of 2008, the Great Gusher in the Gulf are 'both the products and the illuminators of the wholly corrupt relationship' between Capital and government."
The United States can no longer engage effectively in "nation-building" in the one place on Earth it has a right and duty to do so: at home. These are the lessons of the 2010 Gulf oil catastrophe, the 2008 financial meltdown and the 2005 Katrina horror disasters that history will rightfully conflate as symptomatic of the fundamental crisis of the rule of Capital. The U.S. has become a company town of speculative and extraction enterprises whose social and physical geography the rulers relentlessly appropriate, monetize and despoil - all with obscene abandon.
At the core of the100 or so activists that gathered in New Orleans for an Emergency Summit to Stop the Gulf Oil Catastrophe, last weekend, were veterans of the ravages of Disaster Capitalism following Hurricane Katrina. They had seen up close how Capital and its servants at all levels of government organized themselves as a public-private mob to drive Black and poor people from the city. They were witnesses to the crafting of a corporate consensus that the exiled poor should have no rights that conflicted with the imperatives of Capital no right to return, no right to reclaim their lives, no rights that cannot be superseded by the claims and ambitions of the oligarchs. They had watched as finance Capital's urban gentrification agenda was near-instantaneously put on fast-forward in New Orleans to ensure the permanent purging of the poor. A kind of perverse anthem seemed to rise from each corporate celebration of the city's imminent and profitable rebirth: "Free the land of Black people!"
"The U.S. has become a company town of speculative and extraction enterprises whose social and physical geography the rulers relentlessly appropriate, monetize and despoil."
Now the land and bayous and sea are made hostile to all life by the depraved indifference of voracious extractors who monetized, securitized and derivitaized the Gulf's most deeply buried oil deposits years before the accursed Deepwater Horizon rig made its last, fatal thrust. The super-deep reservoirs of the Gulf were sold and their oil futures already leveraged to finance yet more assaults on man and nature, even before President Obama's flip-flop on off-shore drilling in August, 2008, when he had the Democratic nomination in the bag.