Nature's Evil. Alexander Etkind

Nature's Evil - Alexander Etkind


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      I am eternally grateful to the late Mark Etkind, Moisei Kagan, Efim Etkind and Svetlana Boym. My mother, Julia Kagan, has been the greatest source of love and support. My brother Mikhail Kagan and my cousin Masha Etkind shared with me many moments of joy and sorrow. Elizabeth R. Moore was both an inspiration and a reality check. My friends and role models – Leonid Gozman, Jay Winter, Simon Franklin, Ely Zaretsky, Nancy Fraser, Vadim Volkov, Timothy Mitchell, Maxine Berg, Aleida Assmann, Jane Burbank, Tony La Vopa, Stephen Kotkin and Katerina Clark – have left their imprints in this book. Many other important thanks are at the very end of this volume: the bibliography there is the inventory of my intellectual debts.

      It was the thirty-third year of the new era, although nobody knew that then. Harvests failed throughout the empire; there was a financial crisis in the capital and unrest in the colonies. The emperor Tiberius gave the banks 100 million sesterces so that they could distribute loans to landowners. Prices continued to rise even faster. In the capital, ‘The high price of corn almost brought on an insurrection,’ wrote Tacitus. In Jerusalem, Jesus was put to death after he had started a revolt of the poor against the local moneymen – one of his followers, Matthew, was a tax collector. But in the same year the richest man in the empire, Sextus Marius, who owned silver and copper mines in Spain, was also struck by disaster. Sextus was ‘accused of incest with his daughter and thrown headlong from the Tarpeian rock.’ Tiberius ‘kept his gold-mines for himself, though they were forfeited to the State,’ commented Tacitus.1 A few years later the new emperor, Caligula, faced another food crisis. The Praetorian Guard preferred to kill him rather than do battle with the enraged populace over the remaining supplies of corn. Decades passed, and another emperor, Vespasian, introduced a tax on latrines. ‘Money doesn’t stink,’ he said.

      An economy that deals in metals is different from an economy based on textiles, which is different again from an economy depending on oil. In the age of empires, each of the great economic machines concentrated on a particular form of natural resource. Embedded within the culture of its time, such a mono-resource defined the epoch. To this day, the speaker of the British House of Lords sits on the Woolsack. The artists of the Italian Renaissance honed their skills on rendering the play of light on fur and silk. Spanish portraits glitter with silver, while the paintings of Dutch artists capture the light falling on black broadcloth. In their paintings, the Russian masters portrayed bearded peasants, dwarfed by the vastness of the wheat fields, as inevitably as Venetian artists depicted palatial storehouses and canals and Victorian artists steam engines and smog, symbols of the coal economy. Following the economic law of comparative advantage, this ever-growing specialisation helped nation-states and empires to acquire the things they lacked through trade or colonisation; but then a resource shift would arise, and the more exclusive the previous specialisation, the worse the crisis that followed. Viewed over the long course of its development, capitalism is not a linear ‘production of commodities by means of commodities’.3 Rather, it is a series of world-shattering choices that focused the global economic machine on one of these commodities at the expense of many others, followed by another unexpected choice of the leading commodity and another revolutionary shift.

      Economists have long been writing about the fact that natural resources are more like assets than goods. The price of a barrel of oil or an ounce of gold does not depend on the cost of its extraction any more than the value of an asset depends on the salaries of a bank’s employees. Other factors define the price of gold: the rate of inflation, festivals in India, the threat of war. In contrast, the price of goods reflects the labour of engineers, workers, retailers and researchers. Labour is law-abiding;


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