Extractive Capitalism

Gusher Up, Trickle Down, Leads Me to a Sinking Feeling

BILL ASTORE

AUG 02, 2026

Extractive capitalism is the economic model for the United States.

We’ve been living through a brutal experiment of how much work and wealth can be extracted from the working- and middle classes and funneled upward before the former are exhausted. The same brutal experiment is being inflicted on Mother Earth: how much lithium, gold, fossil fuels, strategic metals and minerals, even drinking water can be commodified and extracted before the earth itself is exhausted.

It’s a gusher up, trickle down system where almost all the profit is absorbed by corporations and the oligarchs. It’s a system we’re told that’s inevitable—the best possible system, the most efficient, market-driven, a reflection of the “genius” of men like Jeff Bezos and Elon Musk. And it is indeed a reflection of those men—and their boundless greed.

It’s truly amazing how much wealth is being extracted from workers. The tax code targets wages more than capital gains. Inflation (gas, groceries, and other essentials) cuts into largely fixed incomes. Health care costs continue to rise and are the leading cause of personal bankruptcies. Higher education often leads to onerous student debt that cannot be discharged through personal bankruptcy. Workers are bombarded with ads to bet money on sports using apps on their phones. Lottery tickets are everywhere, selling the dream of a financial windfall at very long odds. Expensive prescription drugs are sold as a solution to excessive weight and even to addiction to other drugs such as opioids.

The term “debt slavery” describes the status of many Americans; they own so little, not their houses (assuming they can afford one), not their cars and trucks, in some cases not even their furniture.

Productive capitalism is possible. So too is a “share the wealth” system centered on communal health rather than the greed of billionaires. But we are fed constant BS that “lifestyles of the rich and famous” are what we should all aspire toward.

How long a top-heavy system of extractive capitalism can last before it collapses under the weight of its own greed and waste is an experiment we’re currently conducting. What will come after the collapse is unknown. 

To me, it seems the idea of a social contract is dead. America’s oligarchs and corporations are driven by profit margins, and workers’ jobs are being ruthlessly curtailed or eliminated in the process. AI is being pushed largely to make salaried employees redundant. Who needs people when machines can perform the same function, even if the machines are limited and only as reliable as their (faulty) programming?

Corporations say they exist to maximize shareholder value. Billionaires say they deserve all the money they can extract because they are the “makers” and creators (the rest of us, of course, are takers and drones). They owe us (the little people) nothing, so they say, and if we complain, we are told to work harder toward the American dream, even if it takes three jobs, none of which may provide health care benefits.

Small wonder that the American people want a different system; small wonder we are so heavily propagandized against anything that smacks of “communism” or even democratic socialism.

It’s laughable that Trump and Company sell communism (!) as a leading threat to America when it’s so obviously extractive capitalism that threatens to bury us. Meanwhile, extractive capitalism is protected (and accelerated) by unbridled U.S. militarism as the Pentagon’s budget soars to $1.5 trillion (or higher) in FY2027.

A militant extractive system is very good for a few at the expense of a great many. I suppose this is why my dad warned me that “the rich get richer and the poor poorer” and that tough times were ahead that might rival his experience of surviving the Great Depression in the 1930s.

I don’t know if it’s too late to change course. Whether we’ve already hit the iceberg and are just fighting over the lifeboats as the ship of state goes down remains to be seen. America, I like to think, still has the potential to rally. What is so deeply frustrating is that we’re being led by rogues and villains who seek to keep us in steerage even as they dance in the ballroom.

And when the ship finally slips beneath the waves, they won’t be onboard, dressed in their best while waiting for their demise. They will be long gone, motoring away on their luxury yachts.

America’s Unrepresentative Government

How can ordinary Americans regain political agency?

BILL ASTORE

JUN 06, 2025

When you have an unrepresentative government, or, put differently, a government that represents oligarchic interests and corporations, as well as being heavily influenced by lobbyists, domestic and foreign (AIPAC), you get Trump and Congress conspiring to decrease Medicaid, to cut food support for the poor, while funneling more money upward to the very richest Americans.

American workers essentially have no agency, no ability to act in meaningful ways in the political realm. Along with no agency, Americans also have fewer liberties, especially if you should choose to criticize U.S./Israeli policies and otherwise challenge the imperatives of the powerful.

Be careful shouting “Give me liberty or give me death!” in these times. Death may be far easier to achieve.

Hannah Arendt

What is the answer to regaining our agency? In “Between Past and Future,” the political philosopher Hannah Arendt wrote how French resisters to the Nazis during World War II discovered themselves—their true nature—in and through action. In resisting the Nazis, they seized control over their own agency by exercising it in the face of danger. They chose risk, they fought to effect change, they took stands that often meant life or death.

Through action, these resisters lifted themselves out of “normal” time, Arendt argued, entering instead a realm between past and future, a realm of true existence, a present of dynamism, of possibilities, of clarity of commitment.

Political agency is not going to be given back to the people. If we regain it, it will only be by seizing it ourselves, through action, through commitment, through risk-taking, and perhaps most of all through large-scale organized resistance.

Hopefully, that resistance can remain non-violent. I prefer reformation or restoration to revolution, recalling the words of Aleksandr Solzhenitsyn that revolutions unleash the most elemental barbarism.

Reading John Stuart Mill’s “On Liberty”

W.J. Astore

And reflecting on notes I made in the margins forty years ago

In college, I majored in mechanical engineering but also took courses in U.S. history and philosophy. I kept most of my college textbooks for a couple of decades, books on statics, dynamics, strength of materials, fluid mechanics and dynamics, thermodynamics, heat transfer, vibrations, along with calculus, physics, chemistry, and the like. But there came a time when these books seemed not only obsolete but a burden of sorts, so I brought them to various used bookstores for trade.

One book I didn’t trade in was a slim volume: John Stuart Mill’s “On Liberty.” It cost me the princely sum of $5.75 in 1983, and I read it for a course in political philosophy. The theme of liberty seemed timeless to me, always pertinent and worth pondering, so I kept the book.

Yesterday, I was shifting some books around and spied my copy among my small collection on philosophy. I opened it and came across a long passage I wrote in the margins back when I first read it in college in 1983. This “marginalia” struck me as a somewhat interesting window into America in 1983 and what I was thinking about as I tried to apply Mill’s insights to American culture.

My college copy of Mill’s “On Liberty” with my marginalia

My marginal comment came as Mill discussed liberty and when people are warranted “in interfering with the liberty of action of any of their number.” Self-protection, Mill wrote, was the only purpose sufficiently compelling here to exercise power to abridge liberty. Preventing harm. It’s insufficient and wrong, Mill added, to act to abridge someone’s liberty because you think it would be better for them, wiser for them, as well as being better for society at large. If the person isn’t harming others, if their actions aren’t “calculated to produce evil to someone else,” those actions shouldn’t be interfered with.

Now, here’s the example that popped into my head back in 1983, which I wrote in the margin:

Note [the] case of homosexuals wanting to go to the prom. Mill says they should have the liberty to do this. One can advise them not to [go], i.e. they will be chastised, outcast, uncomfortable. But one cannot prevent them from going, since they are not harming others.

Back in 1983, before LGBTQ+, in the era of the Reagan revolution in which real men didn’t eat quiche, the idea of homosexuals taking same-sex (or non-binary) dates to the high school prom was more than controversial. It must have been “in the news” for that example to have popped into my head.

It’s interesting how times have changed in forty years. Personal liberty for the LGBTQ+ communities is, I think, far less restricted by the “tyranny of the majority” than it used to be. We have Pride month, Pride celebrations, rainbow flags, and the like. I assume it’s now unremarkable when LGBTQ+ members attend proms with same-sex (or non-binary) dates. And that reflects greater diversity and tolerance within our society along with more liberty, which John Stuart Mill would applaud.

Mill’s message is a good one. We should strive as a society and culture to maximize personal liberty. We should be very careful indeed in exercising power to abridge liberty, especially in the cause of “helping” the other person. As Mill writes, quite powerfully, “Over himself, over his own body and mind, the individual is sovereign.”

Which, to put it in non-gendered language: Over themselves, over their own bodies and minds, individuals are sovereign.

Sometimes, old college textbooks are worth keeping around.

Readers, is there an old high school or college textbook you’ve never parted with, and why?

Anomie and Postmodernism

meaning-of-life

Richard Sahn

These are not exactly happy times. Americans have fewer safeguards for their jobs, financial well-being, and, ultimately, their very lives. Uncertainty and insecurity have become more prevalent than ever I can remember. As a consequence, insomnia, depression, angst seem to be characteristic of an increasing number of people across the country, almost as American as apple pie. Just as being a divorcee in California is nothing to write home about—you’re even considered odd if you have never been divorced—so is the sense that something “bad” can happen at any time, without warning. Sociologists—I am a sociologist–call this condition “anomie,” a concept formulated by one of the founders of sociology, Emile Durkheim. The Trump presidency, it may be argued, exacerbates anomie since we seem to be moving closer to economic nightmares and possibly nuclear holocaust than in recent decades.

What exactly is anomie? Anomie literally means without norms. It’s a psychological condition, according to Durkheim, in which an individual member of a society, group, community, tribe, fails to see any purpose or meaning to his/her own life or reality in general. Anomie is the psychological equivalent to nihilism. Such a state of mind is often characteristic of adults who are unemployed, unaffiliated with any social organization, unmarried, lack family ties and for whom group and societal norms, values, and beliefs have no stabilizing effect.

The last situation can readily be the outcome of exposure to sociology courses in college, providing the student does not regularly fall asleep in class.  I’ve always tried to caution my own students that sociology could be, ironically, dangerous to their mental health because of the emphasis on critical thinking regarding social systems and structures. Overcoming socialization or becoming de-socialized from one’s culture—when one begins to question the value of patriotism, for instance—can be conducive to doubt and cynicism which may give rise to anomie.  Of course, I also emphasize the benefits of the sociological enterprise to the student and to society in general. For example, a sociology major is perhaps less likely to participate voluntarily in wars that only favor special interests and which unnecessarily kill civilians.

Clinical depression is virtually an epidemic in the U.S. these days. Undoubtedly, anomie is a major factor, especially in a culture where meaningful jobs or careers are difficult to obtain.  To a great extent social status constitutes one’s definition of self. In Western societies the answer to the perennial philosophical question, “Who are you?” is one’s name and then job or role in the social structure.  Both motherhood and secure jobs or careers are usually antidotes against anomie. Childless women and unemployed or under-employed males are most susceptible to anomie.

What does postmodernism offer to combat the anomie of modern society and now the Trump era itself? An over-simplification of post-modernism or the postmodern perspective is that there is no fixed or certain reality external to the individual. All paradigms and scientific explanations are social constructs, one model being no more valid than the other. A good example of the application of the postmodern perspective is the popular lecture circuit guru, Byron Katie. Ms. Katie has attracted thousands of followers by proclaiming that our problems in life stem from our thoughts alone. The clutter of consciousness, thoughts, feelings, can simply be recognized as such during meditation and then dismissed as not really being real. Problems gone.

An analogy here is Dorothy Day, the founder of the Catholic worker movement, proclaiming in the 1960s that “our problems stem from our acceptance of this filthy, rotten system.” Postmodernists would claim that our problems stem from our acceptance of the Enlightenment paradigm of reality—the materialist world-view, rationality itself.  Reality, postmodernists claim, is simply what we think it is. There is no “IS” there. Postmodern philosophers claim that all experiences of a so-called outside world are only a matter of individual consciousness.  Nothing is certain except one’s own immediate experience. The German existential philosopher, Martin Heidegger, contributed significantly to the postmodern perspective with his concept, “dasein,” or “there-being.” Dasein bypasses physiology and anatomy by implying that neurological processes are not involved in any act of perception, that what we call “scientific knowledge” is a form of propaganda, that is, what we are culturally conditioned to accept as real. There is no universal right or wrong, good or bad.

The great advantage of adopting the postmodern perspective as a way of overcoming anomie is the legitimacy or validation it gives to non-ordinary experiences. If the brain and nervous system are social constructs then so-called altered states of consciousness such as near death experience (NDE), out-of-body experience, reincarnation, time-travel, spirits, miraculous healing become plausible. Enlightenment science and rationality are only social constructs, byproducts of manufactured world-views. The “new age” idea that we create our own reality rather than being immersed in it has therapeutic value to those suffering from anomie.

Sociologist Peter Berger employs the concept of “plausibility structures” to legitimize (make respectable) views of the “real world” which conflict with the presuppositions of Enlightenment science. Science then becomes “science” or social constructs which may or may not have validity even though they are widely accepted as such.  A good example is the postmodern practice of deconstructing or calling into question empirical science and rational thought itself, disregarding the brain as source of all perceptions, feelings, desires, and ideas. Postmodernists maintain that only individual consciousness is real; the brain is a social construct which doesn’t hold water—no pun intended—as the source of what it means to be human.

CAVEAT

The postmodern perspective may work for a while in suppressing anomie and dealing with the horrors of a hostile or toxic social and political environment. Sooner or later, however, existential reality intervenes. The question is, can postmodernism alleviate physical pain, the death of a loved one, personal injury and illness, the loss of one’s home and livelihood? At this point in the evolution of my philosophical reflections I would argue that postmodernism can reduce or eliminate the depression that inevitably comes from too much anomie–but only temporarily.   The postmodern perspective is not up to the task of assuaging the truly catastrophic events in one’s life. As much as I would like not to believe this, I’m afraid only political and social action can help us out when the going really gets rough, although I don’t recommend sacrificing the teaching of critical thinking, a possible cause of anomie, in regard to society’s values and institutions.

Richard Sahn, a professor of sociology in Pennsylvania, is a free-thinker.

Favorite Contrarian Quotations (1)

Image

 

Occasionally we here at The Contrary Perspective will publish quotations that have special meaning for contrarians and free-thinkers.  One of my favorite quotations comes from the Norwegian author, Arne Garborg.  

For money you can have everything it is said. No, that is not true. You can buy food, but not appetite; medicine, but not health; soft beds, but not sleep; knowledge, but not intelligence; glitter, but not comfort; fun, but not pleasure; acquaintances, but not friendship; servants, but not faithfulness; grey hair, but not honor; quiet days, but not peace. The shell of all things you can get for money. But not the kernel. That cannot be had for money.

In these days when money is equated with success or even with “elect” status among some Christians (the so-called prosperity gospel), Garborg reminds us that the kernel of life is something that defies being bought.

Americans are constantly being pressured to keep up with the Joneses.  To spend, spend, spend, for happiness.  Garborg tells us that true happiness is to be sought elsewhere.

Keep on seeking, contrarians!

W.J. Astore