The Goods on Demand
Capitalism endeavors to operate a command structure on demand. Americans are working more for less, and as much income distributes to the top 1% as the 99%, because the market demands it. On demand, we all get what we ask for; we get what we deserve, and it’s all good, delivering the “goods” (resisting shortages), being self-determined. Delivering the goods on demand is a public service despite 99% of us losing the capacity (the buying power) to determine it over time.
Economics is about getting what you want when you want it, and the leading criticism of trickle-down economics is that it is less about adding supply than demanding it. Even though, for example, the rich got richer than they had ever been in the 90’s with a more progressive tax code, the trend was reversed, adding supply by reducing demand.
Delivering the goods on demand is a deliberative de-termination and over-extension of the risk. Probable risk is, technically, not terminated. Never being realized, the liability that Hobbes and American Revolutionaries recognized as being in all the futures accumulates.
By limiting the liability now the debt becomes overextended in the futures. The liability gets so big it cannot be allowed to fail. It becomes so extensive it gains the value of the inexistence.
That Leviathan we call the public debt, although it’s so big it can’t be real, it exists. Without fail, it gains the futures, delivered on demand, in plentiful supply; and as any econometrician will readily admit, supply tends to meet demand.
The value is derivative.