Objective Reality and Forward Guidance
Capitalism is an emergent, procreative and reactionary property to conserve an aristocratic identity with on-demand attributes.
The instruments of the capital, which naturally exist in the form of credit instruments on demand, are used to predict a riskless return. Capital is accumulated, and owned by occupation, occupying space over time, acting with purpose, having earned the reward (admitting culpability), timed to avoid the risk (with full liability), as fast as possible, on demand.
Having an on-demand existence, life tends to be highly creative and innovative. Reality is far from “being and nothingness.” Instead, it is so overwhelmingly something that nothing seems to matter. Life is so diverse, there is no meaningful direction–no common divisor–without being preoccupied with the possible means of mass destruction, always flirting with the probability of a catastrophic, risk dimension.
Again, it is important to understand, probability of the risk is indefinitely divisible. What are the probable if-then statements that can, and will, govern the occurrence of risk at any particular time?
What admits to liability does not commit to accountability, at least not immediately, anyway. Being called to account can be immediately emergent depending on how divisible the risk is (how multiple, or pluralistic, its value) at any time. The space in the timing (the spread) is the opportunity that the capitalist exploits to arbitrage “the rational price” that quantifies the risk over time. Accumulation of reward derived from the risk is marginal–it accumulates over time and results in a “margin call.”
Being called to account (being discounted) at the margin means that the accumulative value can remain largely intact and priced into the futures. By making markets, the objective is to occupy space over time indefinitely, but objectively, in reality, there is a limit.
Managing the limit at the margin is what market making is all about, and big commercial-investment bankers are busy making it, pricing the limit at the margin, to manage it.
While consolidated banking (making markets by consolidating industry and markets) is supposed to keep the economy expanding at the margin, what we see in a post-industrial environment is an expansion of accumulated risk at the margin. Expansion is technically measured by the extension of credit–what the Fed does, for example, aiding and abetting “the makers” so the market yields to the objective effect without error (because, remember, the probability is indefinitely divisible, and the larger the number gets the more probable the “intended” effect, despite how unintended it may be). Mass produced and consumed, buying gas, milk, bread…, the risk is being retailed to the consumer, proceeding with an aristocratic identity (hidden within the abstraction of common divisibility) from the top down. Just because what is being bought is being sold does not mean risk is being democratically managed on demand, which is the failure of “free-market capitalism” in the form of “trickle-down economics” Pope Francis, for example, referred to. Nor does it mean an on-command existence is our natural identity by default, it means that markets are being made to default on command utilizing instruments that are bought, sold, and retailed. Insufficient income does not mean there is no demand, but it does mean there is a discounted capacity to actualize the existence (the application of risk) on demand at the margin.
(What we have, then, is a “marginal existence.” We can have what we want, but if it’s never enough we wander into the inexistence. The path to prosperity exists beyond good and evil–indefinite, forever abstract, fornever defined, arbitraged to fit the intendency of the future-forward price to be paid on demand. We are always at the limit, undefined, without limitation, always at the margin of existence but within the limits of liability without accountability, which is inexistent.)
Without sufficient income to demand it, most of us are being guided forward into default. By default, we occupy a space prepared by market makers, cultivating an on-command existence fraudulently sold as being on demand. If we all “live within our means” as conservatives say we should and not demand credit, which is needed to demand the supply because income did not trickle down enough against rising retail prices, the natural result is economic default. It appears, then, that an on-command structure is a pre-existing condition (our natural identity). It appears we needlessly struggle against what nature intends, resisting an aristocratic identity (an on-command existence) when actually it is the other way around. Instead of “it just happens” (and so we have the smiley-face picture of The Scream), we are being guided forward into the detriment supposedly being resisted by default.