Risk Rap

Rapping About a World at Risk

On Your Marx

The Original Marxist

I can’t help but think that we are again in the midst of a new kind of enclosure movement.

Karl Marx in his classic tome on capitalist economics, Das Kapital, wrote extensively on the enclosure movement in England and the role it played on the formation of the urban proletarian class.

The enclosure movement forced rural peasantry from agricultural based production. This was done because the owners of land could receive a better return on the land by raising sheep. Sheep was in high demand because wool was a crucial commodity necessary for the burgeoning textile industry in Manchester.

The enclosure movement of the 16th century is analogous to the conversion of human food producing arable land to an agriculture that supports the production of biofuels and animal husbandry.

The rise in the price of basic commodities is also being exacerbated by the Federal Reserves policy to cut interest rates to pump liquidity into ailing credit markets.

This is creating a type of economic perfect storm for the under and lesser developed partners in the global economy. The rice riots will continue until a concerted effort is made to fight inflation and curb efforts to use bio fuels to supplement our fossil fuel based economies.

This is also another political justification for an accelerated program for the construction of nuclear power plants in the US. Site selection for the construction of a new atomic energy plant may soon be under consideration for a town near you.

You Tube Music Video: Judy Garland, How Ya Keep Em Down on the Farm

Risk: Inflation, Commodity, Environmental, Political, Social

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April 14, 2008 - Posted by | inflation, social unrest | , , , , , , , , ,

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