Bayeux capitalism: hedging and speculation

_48A0177Franklin Scarf’s counter-culture career presented in the second part of this two-part work explores economics, psychology and advertising from outsider realms to speculate on the hegemonic path and to contribute ideas about alternative possibilities. Housed within an inside-out garden shed a video of Franklin shows him presenting his bubble-in-a-bubble-in-a-bubble performance.

In 1936 British economist John Maynard Keynes (1883-1946) in his The General Theory of Employment, Interest and _48A0198Money, made his tame observation that “Speculation may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When capital development of a country becomes a by product of the activities of the casino, the job is likely to be ill done.” A job “ill done” does not convey much regard to the actual damage to the economy and society. Capital has morphed into a money exchanging apparatus without production, without creating or helping the expansion of the real economy.

A relevant, yet more tangential link to bubbles in a common anecdote, probably spread by her political opponents, is that by “inventing” soft serve ice cream, former British Prime Minister Margaret Thatcher “added air, lowered quality and raised profits”, used as a metaphor for her policies. Following on from these metaphors of finacialisation expansion and contraction are associations with threats to the biosphere. This is suggested in the video given the Franklin sits in the cave with a view to the burnt-out bushland.

franklin wide mouthThe cool jazz video sound-track is a cheesy commercial for composting. The song is called Humus and was written and performed by Evie Pikler for the Earth Repair Foundation, which Franklin co-founded after Greening Australia. Evie is supported by the Sydney Symphony Orchestra

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accelerator rowThe garden shed interior displays some of Franklin’s 30,000 eye contact smiles, alongside some of his other ideas from exiting through the permablitz shop such as his accelerator sprout jars. _48A0212