Preoccupation of Assumed Risk

The king, for example, thought he preoccupied the space of assumed risk. Hobbes, however, was there to remind him his divine right was fully subjected (dependent) on his subjects in priority.

Unlike the king, the corporates, by contract, are shielded from liability. When TBTF banks pay out confiscated booty in the form of “earnings” (dividends, buybacks), the people the corporate body contains and shields do not see the preoccupation of assumed risk that Hobbes tells us about because they are shielded by the “iron law” of an organized technology called the corporation.

The social contract has been transformed. The corporate body (The Leviathan) has the attribution of self-governance (independence). Naturally, the corporate body is only accountable to itself. The corporate is contractually obligated (subjected) to the stockholders (to themselves) endowed by the creator (by divine right), which is to suggest the value of being fully obtained (absolute and permanent), preoccupying space over time without liability.

In order to preoccupy the fully assumed risk it is necessary to master the timing function, which is, speed = space over time. Sometimes it is more effective to move fast, sometimes more slowly to addject the phenomenon of perceived reality.

Recall the distorted image of the character in “The Scream.” It is the image of surprise, and a morbid sense of unavoidable inevitability that preoccupies the available space (which remember is the large but non-denominated number of infinity) in which to act and react. In order to define the available space we tend to a standard reduction–the binome–that models “the existence” with a simple, easily quantifiable value of self-determination that is either “on” or “off” but, like in the image of The Scream, we tend to experience the preoccupation of space over time (the inexistence), nevertheless.

Binomially determined, power is structured to yield a counter-factual existence. Depsite not having the numbers to sustain dominance, a minority party can sustain, nevertheless, in the form of its counter-identity. What obtains (as existentialist Jean-Paul Galibert observes) is “the inexistence.”

(When Russia occupies Crimea and the Ukraine, for example, notice that the “Cold War” did not, in fact, have the value of the inexistence. Once again we see how delusional conservatives really are, despite peremptory airs of sublime sophistication.
Instead of resisting the Cold-War mentality, containment supported its obtainment.

With this kind of critically failed risk assessment, along with, for example, the ongoing “jobless recovery” being described as the inexistence of a recessionary trend, we can only question the value of relying on “the best and the brightest” to command risk in their self-interest, much less yours or mine!

Conservatives are right about one thing, rising populist sentiment is not about class warfare. It’s about the self-important means to devise and demise the value of existence, operating with a nihilistic philosophy of risk to avoid the liability of doing harm. Idiotically, all that does is accumulate the risk to be avoided, operating to limit the on-demand wisdom–the pluralistic dimension–of the crowd that obtains in priority to occupy the space of objective reality and natural identity.

Notice, for example, when the Fed does its annual stress test, the risk of loss is fully assumed in priority. Classical economists, preoccupied with the reality of empirical demonstration, were apt to give the phenomenon of fully assumed risk an objective identity and very clearly defined it as “the declining rate of profit.”

Although Karl Marx, a classical economist, did not originate the identity of fully assumed risk he did describe its probable effect over time. The Fed rehearses this probable effect on an annual basis at this point, but that does not mean its natural identity is Marxist. It simply means the risk of loss is fully assumed in priority. Sometimes it appreciates with an accelerated depreciation, like in ’08-09, or happens more slowly, being tested annually, like we have now, with a slow deflationary trend being described as a slow recovery… “t-T” and counting being the preoccupation of space over time.)

The slow recovery (the risk) and massive bonuses (the reward) are correlated. Reward is being derived (accumulated) from the slow recovery. The correlation is inverse: as income for most of us falls, income for about 1% of the population rises with no immediate risk. The risk of occupying so much space, which yields such a big reward, obtains but its identity has not been fully attained or addjected. The addjective reality is what Hegel referred to as a “phenomenology” in which attainment converges with the value of obtainment to “form” objective reality or “existence.” Instead, to resist the inevitable, probable, addjective reality, risk-reward is described and explained as having an “objective” existence, ontologically derived. It naturally obtains and occupies space without any added attribution of being either good or evil because its value exists, ontologically, in priority. It does not matter if we accelerate the depreciation and cause massive accumulated detriment because it all derives from the same thing. The same people win and the same people lose, it just happens, over time, at higher frequency. It is a zero-sum game that Objectivists, like congressman Paul Ryan, says has been legitimately earned (appreciated) without liability despite the measurable detriment.

The liability is the speed of the recovery that occupies space over time, and time is money using the formula for deriving the value, F(t,T) = S(t)\times (1+r)^{(T-t)} and “poof” objective reality magically appears to yield the unstable predictability of an over-advantaged future {(t-T and counting)}.


About griffithlighton

musician-composer, artist, writer, philosopher and political economist (M.A.)
This entry was posted in Political-Economy and Philosophy and tagged , , , . Bookmark the permalink.

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