by Laurence Peterson
Let’s just plan for catastrophic success. —Jared Kushner
The present must certainly constitute one of the weirdest and most perverse economic conjunctures in my lifetime, maybe in the whole grotesquely contradictory history of a modern capitalism we can recognize. What productive power remains in it seems these days exaggeratedly limited to an AI sector that vanishes into opaque and circular financing schemes of extraordinary complexity–and whose own chief boosters advertise its propensity to replace all our jobs or even destroy humanity altogether–a health care system renowned for its waste, poor outcomes and expenses that consistently outpace inflation, dirty energy, merchants of death in arms manufacture and scams like gambling and crypto (all sectors contributing outsized amounts in the upcoming already donation-bloated midterm elections, by the way), which has been endowed by the recent siphoning of profits from tariff refunds that will never get passed on to consumers; and this feeds, in turn, into a dangerously delicate financial structure that provides liquidity on condition that its main players can skim off the top and hide risks, all whilst assuming that the government will bail out the perpetrators if the liquidity spigot explodes in what Adam Tooze calls an “intensifying spiral of perverse interactions“–more on this later; and all this gets pressurized in a political environment featuring an unprovoked war almost no one supports, which is contributing to historic deficits that even traditional buyers of US debt are balking at opportunities to buy into, with vital energy sources beginning to show long-overdue signs of drawing-down, bottlenecks and stress, all of which will compound the inflation that threatens to explode the liquidity spigot; and all of this supervised–if that’s what you want to call it–by a government spectacularly unresponsive to much of anything beyond expanding the otherworldly extent of its corruption, vilifying and repressing its opponents, and doing the bidding of a genocidal regime, Israel, that seems completely indifferent to its very fate. Whew. I am sure I am neglecting organic elements of potential catastrophe, but I think this is a satisfactory start where assessing the lunacy is concerned. Read more »





In his recent book,
In 2001,
Back in December of 2022, I was on top of the world. I was introducing my entire family to my girlfriend, and we were just weeks away from the trip of a lifetime:

I read Ben Lerner’s new novel, Transcription, in one day. I started reading it on my iPad at around 7:30 am as I sat at my kitchen table, sipping coffee and eating a piece of cake that my partner had made. Later, I continued the novel during my lunch break as I ate leftover sausage and rice. Near the end of the workday, after I had finished all my meetings, I finished the novel, then I rode my bike home, looked at my phone for a bit, ate some chocolate covered coffee beans, drank a glass of orange juice, and started writing. I don’t feel like I have much to say about Lerner’s novel except that it’s largely about screens and food, so it’s fitting that I mostly read the novel on a screen while eating. Is this profound? No, not really. Lerner’s novel, I feel, is not so profound either. It’s an internet novel, and a pandemic novel, and there’s a lot of doubling (as in his other novels), but it all feels rather lightweight. When I got to the end of the 144-page book—which is mostly dialogue—I thought, hey, this is Sebald-lite! There’s a revealing anecdote that connects previous events in the novel to the Nazis, but whereas in Sebald’s Austerlitz I felt actual shock and terror at the revelation of Austerlitz’s past as a Jewish child escaping the Germans, here I simply acknowledged Lerner’s cleverness. Part of the reason is that Lerner’s intelligence can feel like a parlour trick, and it’s perhaps not surprising that Lerner is a former debate champion, that activity that prizes the appearance of intellect and erudition over any real substance or conviction.

prince. The prince convinces Jones that if he provides access to his checking account, the prince will deposit $5 million ($5,000,000.00 USD) in it. Jones finds this proposition attractive and provides his account number, login credentials and password. Much to Jones’s surprise, however, instead of depositing $5 million ($5,000,000.00 USD) as he promised, the prince uses Jones’s credentials to empty Jones’s account. Now suppose Jones files a complaint against his bank alleging that the bank improperly allowed an unauthorized withdrawal from his account. What should be the result?
At this point in time, I would have expected to see more “AI religions”, or religious movements focused on AI. Why are there no churches of AI or scriptures of AI worship? I don’t mean use of AI in traditional organized religion, such as the German and Finnish churches experimenting with ChatGPT-written sermons, or bots trained on Jesus or Buddha’s teachings. Rather, I mean movements that treat AI as divine and sacred, a source of revelation, as the vessel for humanity’s salvation.
Roldy Aguero Ablao. Talaya’ 3000, 2023.
