cicadan

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an incontiguant composition

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Grossing the Difference

(Pricing the Actual Risk)

The Trump administration’s tariffs have caused a glut of meat products. This event made it into mainstream news since the price of meat steadily went up to unaffordable levels over the years, due to free-trade agreements (and the derivative, commodity-futures contracts associated with them), while the median income went down.

Meat products are now being grossed — hoarded — to support the price.

It used to be that grossing was a capital offense. With the emergence of capitalism, however, grossing is an acceptable practice, allowing people to make as much money as they can using market mechanics.

The product exists, it is just being held off the market to support the price, which means the benefit to the median income is actively resisted.

Falling prices are anti-capitalist. Capitalists do not intend to be subjected to market mechanics. Instead, the externalities are organized to “naturally” resist price controls.

Grossing is a way to deliberately control the price, along with consolidation of industry and markets on a global scale, and free-trade agreements designed to support prices, not resist them like in a real free market.

Capitalists will gross products and services so that consumers are forced to borrow the money from them at rising prices. The average income is then in debt to the capitalists by default, who claim that tending to their own self-interest creates jobs to pay the debt.

It is not readily apparent, but the cost of the debt adds to the actual price of the product, being surplussed (grossed) to support the price and the demand for debt. It is not free-market economics but it is a racketeering scheme intended to keep masses of people dependent on debt and, thus, supporting the financial system in a too-big-to-fail risk dimension.

(See other articles by griffithlighton on grossing, pricing the risk, and risk dimension.)

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Summer-sun geometric paint

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sum in the sun (realism and abstract art)

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EPA Scientists Reject Proprietary Studies

(Summing the Squares)

In the process of developing public policy, the US EPA says it will not include the findings of studies done with unpublished raw data.

Despite being a Positivist policy, the EPA’s determination is philosophical, nevertheless.

Observing nature, determining the measurable existence of things, the truth is expressed as the sum of the squares. Laboring to know the sum (the truth) is the product of method (the method yield).

Summing the squares (the method used) makes all the difference; and in the world of capitalism, in which the objective is making money, there is a tendency to keep the raw data proprietary. The method used, and the data it yields, tends to be protected as the private property of interests that labored (or paid) to produce it.

Since science is a function of proper method, keeping raw data proprietary is a violation of the code of conduct that naturally yields to the truth (a pre-existing condition that no one labors to produce, but just “positively” is what it “measurably” is in priority). What something measurably is, of course, depends on the method used to measure it, and capitalism tends to keep the means to ends proprietary because, you see, the ruling class is not naturally accountable to anyone, which is the sum of Objectivist philosophy in operation.

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Ten Years After

(Waving the form of the pattern distortion to maintain the differential “on demand.”)

Ten years ago we experienced a global financial crisis.

Having a risk dimension the size of the 1929 crash and the Great Depression, the crisis in 2008 derived from what capitalists described as modern financial products designed to make markets more efficient.

Depression-era regulations were gradually discarded. To globalize, capital must be free to flow and the result was the development of “risk-transfer products.”

The difference, rather than making financial markets more safe and sound, was to cause a massive consolidation of equity. Using risk-transfer vehicles, capitalists confiscated private property to be sold back at a profit. Homes, for example, far exceed equity values in 2008, which were consolidated at “underwater” prices “on demand.”

A prominent feature of the risk-transfer product (which “the makers” make) has made all the difference. Along with the ownership of equity interest (still driving equity markets to record levels), what also tranferred was the risk associated with catastrophic losses (the risk dimension of the K-wave, for example, which has the natural force of shaping the policy space).

Capitalism survived because the Fed was there to bail it out — to render it safe and sound.

Operating in a too-big-to-fail dimension is not free-market economics. It is a massive consolidation of power that is falsely described by capitalists as being the objective reality of our natural identity (which “the makers” naturally make).

(See other articles by griffithlighton on the application of Objectivist philosophy, the management of risk dimension, and maintenance of a catastrophic-risk proportion using the legitimate utility of on-demand attributes.)

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