What do you think needs to change in our political system?
Everything. I believe that what’s needed is a radical solution, by which I mean from the roots upwards. Our entire political thinking seems to me to be based upon medieval precepts. These things, they didn’t work particularly well five or six hundred years ago. Their slightly modified forms are not adequate at all for the rapidly changing territory of the 21st Century.
We need to overhaul the way that we think about money, we need to overhaul the way that we think about who’s running the show. As an anarchist, I believe that power should be given to the people, to the people whose lives this is actually affecting. It’s no longer good enough to have a group of people who are controlling our destinies. The only reason they have the power is because they control the currency. They have no moral authority and, indeed, they show the opposite of moral authority.
In the sixth issue of Dodgem Logic, I remember doing an article and I was trying to think of possible ways in which our society might be altered for the better. I’m not saying that any of these ways would necessarily be practical but it’s important that we try to think these things through. It’s probably more important now than it ever has been. There is a sense that we don’t have an infinite amount of time to get these things right.
With politics at the moment seemingly determined to keep ploughing on their same destructive course because they can’t think of anything other to do, when we’re facing the possibility of an economic apocalypse, of potentially an environmental apocalypse, we don’t necessarily have an infinite amount of time. I think that since our leaders are not going to address any of these problems then we really have no choice than to attempt to wrest the steering wheel from them. If they’re aiming at the precipice with the accelerator pedal flat to the floor, then we don’t have any other choices left. Do it now, in this generation, because we don’t how many more there’s going to be.
The economic problem is a strange one…
Economics is always strange. You’re not talking about anything that’s actually real. Researching a chapter for Jerusalem, I read a couple of books on economics to see if I could get my head around the facts of the situation. I was astonished when I found out the value of derivative bonds, in 2008. These are bonds that have a value in themselves that were once connected to a real thing, there might have been a bond made for the sale of a herd of sheep, but that can be sold on and they gain in value. The notional value of the world’s derivative bonds was in the region of sixty trillion. Exactly ten times the economic output of the entire planet, which is around six trillion. That means that the gap between what economists and what the world’s economic forces and the banks thought they had to play with and what actually existed was fifty-four trillion. That would seem to me the depth of the hole we are in.
So something has to be done about that. I would suggest beheading the bankers, but while it would be very satisfying and would cheer us up, it probably wouldn’t do anything practical to alter the situation. Behead the currency. Change the currency, why not? It would disempower all the people who had bought into that currency but it would pretty much empower the rest of us, the other ninety-nine percent.