Hasta La Creative!

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Harvey Weinstein, a master at building buzz around his movies, walks a fine line in publicizing his new film, “Mandela: Long Walk to Freedom.”

Dmitry Orlov on the ticking time bomb inside all our financial arrangements.

From Adbusters #111: The Big Ideas of 2047

JOHN WILLIAM KEEDY

Collapses, like the one we experienced in North America in 2008, or the ongoing erosion in Greece, don’t come out of nowhere. In fact, they are highly predictable events, with clues everywhere to be found. In Adbusters #111, Dmitry Orlov reveals the roots of an imminent – and global – economic breakdown:

While the economic crisis is ravaging Athens and other Greek cities, there are small Greek islands in the Aegean where life goes on, fresh produce is still plentiful and many of the people remain blissfully unaware that there is a financial crisis. Similarly, the disembancados of Mexico lived through the collapse of the peso in 1994 without giving it much notice. They get along without using much money at all, by growing and catching their own food and bartering with their neighbors.

Lack of money makes certain things very difficult. Examples include gambling, loan sharking, extortion, bribery and fraud. It also makes it more difficult to hoard wealth, or to extract it from a community and ship it somewhere else in a conveniently compact form.

When we use money, we cede power to those who create money (by creating debt) and who destroy money (by cancelling debt). We also empower the ranks of people whose expertise lies in the manipulation of arbitrary rules and arithmetic abstractions rather than in engaging directly with the physical world. This veil of metaphor allows them to hide appalling levels of violence, representing it symbolically as a mere paper-shuffling exercise. People, animals, entire ecosystems become mere numbers on a piece of paper. On the other hand, this ability to represent dissimilar object using identical symbols causes a great deal of confusion.

For instance, I have heard rather intelligent people declare that government funds that had been allocated to making failed financial institutions look solvent could have been so much better spent feeding widows and orphans. There is no understanding that astronomical quantities of digits willed into existence and transferred between computers do not directly nourish anyone, because food cannot be willed into existence by a central banker or anyone else and because nature, with its frosts, heat waves, droughts and floods, does not respond to price signals.

The main tools of modern finance are mystification, obfuscation and hypnosis. The great mystery of money, to most people, is the sacrament of money creation. The high priest pushes a button and, ex-nihilo and seemingly effortlessly, generates more of that which we all want to have more of. This is indeed an impressive trick: what we struggle to earn by the sweat of our brow, the high priest blithely summons into existence with the help of a cryptic incantation. It is more advanced than a shaman’s rain dance and far more reliable – to a point.

Obfuscation comes from the use of mathematical formulate that few people understand. Even fewer understand their implications and how they (persistently fail to) map onto the physical world. The key formula of finance – debt raised to the power of time – is the ticking time bomb inside all of our modern financial arrangements.

Dmitry Orlov is a Russian-American engineer and writer who was born in Leningrad and immigrated to the United States at the age of 12. He was an eyewitness to the collapse of the Soviet Union over several extended visits to his Russian homeland between the late eighties and mid-nineties. Orlov lives off the grid, sailing his boat up and down the Eastern Seaboard and commuting by bicycle. He believes that, given appropriate technology, we can greatly reduce personal resource consumption while remaining perfectly civilized. He blogs regularly at Club Orlov. (http://cluborlov.com/)

The decision to dissolve RIA Novosti, along with its international radio broadcaster, came as a complete surprise and signaled a major state media reorganization in Russia.

Although the campaign is rooted in humor, the A.C.L.U. said its intent is to draw attention to a serious issue, marriage equality for gay couples.

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The Economist and AMV BBDO, the publication’s UK agency, teamed up to create a moving interactive film paying tribute to South African national hero and tireless anti-apartheid crusader Nelson Mandela. Mandela, in case you’ve lost all contact with the world for several days, died of a lung infection on December 5th, at the age of 95. The film is being released in anticipation of tomorrow’s memorial service for Mandela.

Entitled “The Long Walk Is Over,” the video shows a series of individuals walk into a large field and place objects, such as photos, flowers, clothing and placards, on the ground — accompanied by voiceover from British poet, Benjamin Zephaniah. At the film’s conclusion, the camera pans out to show these items forming a large likeness of Nelson Mandela‘s face. After the film has concluded, small boxes with years appear around the items in the portrait. Users can click on these dates to learn more about a given period in Mandela’s life via excerpts from The Economist archive, with links to the full articles.

The Economist‘s chief marketing officer, Susan Clark, says, “We are proud to offer this film to help tell the story of Nelson Mandela, to show turning points in the life of a man who made his mark on the world in so many ways. The fact that Nelson Mandela read The Economist during his time at Robben Island is something that we are particularly proud of and this video is a way for us to pay tribute to him and his life.”

You can watch “The Long Walk Is Over” above, although we recommend heading over to www.mandelaswalk.com for the full interactive experience, if you have the time. And if you’d like an even better picture of Mandela’s life and his struggle for equality in South Africa, why not read his famous “An ideal for which I am prepared to die” speech?

New Career Opportunities Daily: The best jobs in media.

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