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Tuesday, June 30, 2015

Fracketeering: how capitalism is power-hosing the last drops of value out of us all

"Fracking. Could there be a more perfect model for how we’re getting rinsed by this current conspiracy of government and commerce? In a world turned upside down, “conservative” now means the absolute opposite of “leaving things as they are”. Conservative means changing everything. It means dismantling things and selling off the bits. It means drilling into our lives and extracting the marrow. Conservatism and conservation are now about as far apart as it’s possible to get. Friends of Conservation are the ones protecting the countryside. The ones who stand around self-consciously in terrible fancy dress, holding passive-aggressive placards in praise of the noble, selfless badger. Or basically any mammal that looks good in a waistcoat.

Friends of Conservatism, on the other hand, are the ones who roll up on heavy machinery like a pissed Ukrainian militia. The ones who drill deep beneath that area of local countryside whose only “use” so far has been as a picnic site. And who then pump into the ground powerful jets of high-pressure hydrogunk, splintering rock as easily as a walnut. And who, having sucked up a sky’s worth of valuable gas through a massive crack pipe, then pack up and lumber off to fracture and steal someone else’s underground treasure. Welcome to capitalism’s late late show. If you can power-hose the last drop of value out of something, you now have an amoral imperative to do it. Fracking is the chief inspiration for today’s entrepreneurs, those “heroic wealth creators” so admired by Andy Pandery Burnham and half the Labour party. Everything is up for grabs now. The age of the racketeer is over. It’s all about fracketeering now."

http://www.theguardian.com/money/2015/jun/30/fracketeering-capitalism-power-hosing-estate-agents-cakeage

...don't miss the rest of this pulls-no-punches piece, which actually isn't about actual fracking after all.