Money As Religion

I Can’t Get You Out of My Head

Part 3 Money Changes Everything

Directed by Adam Curtis

Links to Part 1 and Part 2

Film Review

Part 3 of I Can’t Get You Out of My Head concerns the gradual handover of political power from elected official to banks and financial institutions. Curtis traces this process to Nixon’s 1973 decision to abolish the gold (and silver) standard. Once currencies ceased to have any fixed value, power began to shift to banks (who create the vast majority of our money*) and currency traders. For Curtis, one of the most significant cultural events of the seventies was the publication of a Russian emigre’s 1974 book It’s Me Eddie. The main theme of the novel is that Americans mistakenly believe they are free when they’re really simplified robots controlled by the rules of money.

The 1973 oil embargo (which caused oil prices to skyrocket) reinforced the popular sense that elected officials had lost control over government.

Nixon, who was naturally paranoid, was aware from the onset of his presidency that there were intelligence insiders at the White House plotting against him.** This led to his decision to tape record all his Oval Office conversations, providing ammunition for opponents who forced him to resign. 

Meanwhile in China, Mao’s fourth wife Jiang Qing (see Part 1 Where Has Democracy Gone?) was briefly the most powerful woman in the world. Beginning in 1971, Jiang lost control of the Red Guards, which broke into warring factions. Mao, in turn, removed her from power and exiled troublesome Red Guard leaders to the desert and the provinces. Determined to succeed Mao, Jiang allied herself with three other party officials to form the Gang of Four.

Deng Xiaoping, who would succeed Mao in 1977, immediately had them arrested and imprisoned.

For me, the most interesting segment of Part 3 concerns the discovery by Kerry Thornley, co-founder of Operation Mindfuck (see Part 1 Where Has Democracy Gone?) that many of the individuals New Orleans District Attorney Jim Garrison implicated in the JFK assassination were involved in the Watergate break-in. Thornley ultimately decided he had been manipulated by intelligence operatives to start Operation Mindfuck and spread phony Illuminati conspiracy theories.

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*Contrary to popular belief, private banks create 97-98% of the money in circulated with government creating the 2-3% that exists as notes and coins. See 97% Owned

**Russ Baker probably gives the best account of the conspiracy by Bush Sr intelligence operatives to bring down the Nixon presidency by undertaking a bungled burglary at the Watergate Hotel and implicating Nixon in the operation. See Family of Secrets: The Bush Dynasty, America’s Invisible Government, and the Hidden History of the Last 50 Years*

Hidden History: How China’s Peasants Lost Collective Farming and Gained Urban Poverty

From Commune to Capitalism: How China’s Peasants Lost Collective Farming and Gained Urban Poverty

By Zhun Xu

Monthly Review Press (2018)

Book Review

The purpose of this book is to dispel common Chinese Communist Party (CCP) myths about the rapid privatization of Chinese collective farms following Mao Tse Tung’s death in 1976. For me, the most interesting section concerns Mao’s decision to collectivize Chinese agriculture (which occurred more than nine years after he assumed power in 1949). It becomes clear that throughout his tenure as president, Mao was in constant conflict with a strong anti-socialist faction of the CCP that supported full adoption of capitalism in China. Prior to reading this book, I had no idea that Mao’s disastrous Cultural Revolution (1966-1976) was a last ditch effort to rid his government of his pro-capitalist enemies. Following Mao’s death, his pro-capitalist successor Deng Xiaoping lost no time in privatizing all China’s collective farms and industry.

Xu mainly focuses on three common myths promoted by the current CCP. The first myth is that Chinese collective farms suffered from gross inefficiency and that productivity improved when collectives were dissolved and replaced with small family farms. The second myth blames this inefficiency on laziness and work avoidance, which the CCP alleges was common on collective farms. The third maintains that rural peasants initiated decollectivization spontaneously from the grassroots because they were dissatisfied with collective farming.

Myth 1: Citing detailed crop records and peasant interviews, Xu makes a compelling case that productivity declined significantly following the neoliberal* reforms (including decollectivization) the CCP implemented in the 1980s. The economic advantage of collective agriculture of small privately held family plots is that it enable rural peasants to pool their resources to mechanize their farms, set up irrigation schemes and invest in high yield hybrid crops and chemical fertilizers. Many small farmers lost access to machines and irrigation schemes following decollectivization. In fact many were left landless when cadres* and party bureaucrats seized the best land for themselves. Peasants who were left landless were forced to migrate to the cities, where they contributed to a large surplus labor pool. The latter put great pressure on urban workers who resisted privatization of state-owned industries. At present, the CCP is seeking to increase agricultural productivity by consolidating remaining family farms into large industrial scale land holdings (ie driving even more peasants off their land).

Myth 2: Work avoidance was relatively rare under Chinese collective farming, except where there was significant “stratification.” Most collectives employed a system in which members’ reimbursement was directly linked to the number of work points they accumulated. However in “stratified” collectives, the cadres running the farm abused their authority (by shirking work themselves, trading cushy work assignments for sexual favors, and punishing personal enemies with heavier work duties). This drastically impacted morale and initiative of many of the peasants under them.

Myth 3: Evidence is clear from the interviews Xu conducted that decollectivization was forcibly imposed by the CCP. Xu estimates that 30% of rural peasants supported privatization of the collectives, 30% strongly opposed it, and 40% were indifferent.

The good new is that China is having the same reaction to the failures of neoliberalism as the rest of the world (eg extreme poverty and inequality). Xu describes a renewed interest in Marxism in Chinese academic and activist circles.

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*Neoliberalism is a school of economic thought popularized by Ronald Reagan and Margaret Thatcher that promotes privatization of public industries and services, fiscal austerity, deregulation, free trade, and greatly reduced government spending.

**The Cadres were officials appointed by the CCP to run the collective farms, either because of their role in the Revolution or strong links to party officials.

The History of the 20th Century: BBC Propaganda at Its Best

History of the World Episode 8 – Age of Extremes

BBC (2018)

Film Review

This final episode is almost pure BBC propaganda and contains a large number of jingoist assertions that are totally unsupported by historical record.  Age of Extremes covers the rise of Hitler (while neglecting to mention the support he received from Wall Street and German corporations); the founding of the first birth control clinic in Britain by feminist Margaret Sanger and the “sexual revolution” brought about by the birth control pill in the 1960s; Gandhi’s nonviolent struggle for Indian independence; the US invention and deployment of the atomic bomb; the murderous Chinese Cultural Revolution that started in 1967;  the capitalist reforms instigated by Chinese premier Deng Xiaoping in the 1970s; the fall of the Berlin Wall (allegedly ending the Cold War) in 1989; and the defeat of world chess champion Gary Kasparov by IBM computer Deep Blue.

Among the more nauseating claims made:

• That the US developed and deployed nuclear weapons in Hiroshima and Nagasaki because that was the only way to force the Japanese government to surrender (“Japanese civilians would pay for their leaders’ refusal to surrender”).  Declassified records reveal Japan was attempting to surrender in July 1945 but Truman refused, owing to his determination to intimidate the Soviets by deploying atomic weapons. The deliberate targeting of Japanese civilians (more than 300,000 died within days of the Hiroshima and Nagasaki bombings) was a war crime under the Geneva Convention.
• That Artificial Intelligence will be as significant for mankind as the agricultural and the industrial revolution
• That modern day humans live longer, healthier lives than their ancestors.*
• That despite “altered climate” and mass extinctions “humans have always overcome challenges we are face with and prospered.”**

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*This may be true of a few extremely wealthy individuals, but many people of my generation are dying earlier than their parents owing to an epidemic of obesity, diabetes, disease, drug/alcohol addiction, and suicide (US numbers have been high enough to reduce average life expectancy).

**It’s obvious the filmmakers have never read Collapse by Gerard Diamond