Deliverable Assets

Homes, for example, are not easily portable, but contracts are.

Remember that the big housing fraud, which became a busted bubble in 2008, was managed by agents–broker-dealers–networked to delivery the supply on demand. (See “Perpetration of a Hoax” by griffithlighton on the World Wide Web.) Apologists say principle parties did not know agents were selling a debt liability buyers could not pay, which is perfect nonsense. Being the best and the brightest means knowing when to claim being ignorant if not all-together stupid as an asset class!

Being driven to the limit of catastrophic risk (testing the stress, giving meaning to an otherwise, objective, ontological existence), what’s so smart about “the best and the brightest” anyway?

The beauty of capitalism is that it delivers on demand. Contractually obligated, divisibly designed, self-determined, ruled by the law (natural law, which is to discover an objective, natural identity) and not some delusional abstraction like divine right, the middle class can be expanded. Delivering assets on time for mass consumption we can have what we want, when we want it, without an existential struggle (like class warfare) to get it.

Expanding the middle class is the smart thing to do–it cultivates stability. Since no one has to participate, existing on demand, the workers are naturally more productive. The great horde of “the people” become mass consumers. Instead of being a liability (a risk to be managed) the unruly masses are an asset, ruled with an on-demand identity, dependent on the best and the brightest who build out an economy-of-scale network to make what they produce affordable at a marginal profit.

The new (revolutionary) on-demand identity of the workers (with its success measured by the marginal profit) supports capital formation and its investment. Having the incentive to invest (being the ruling class free of having to share it with the king, and even worse, being regulated by a sovereign power that doesn’t know how wealth is really produced) ensures a marginal profit.

Being sure of making a profit by reducing the probable risk, existing on-demand with limited liability (living like a king, but without a risky, on-command attribution), produces excess wealth. The excess is not a negative value but confirms the success of the revolution with the emergence of an asset class.

Capitalism raises the standard of living. It delivers reward, producing tangible, measurable value–goods and services (assets)–for everybody.

Truly revolutionary, capitalism is Strong Pareto Optimal (SPO). It’s not “us” and “them” anymore. It’s “We the People!

Increasing productivity demands distribution of accumulated wealth. According to supply-side economics, as long as the king is out of the way, the wealth of the nation naturally trickles down.

With a new, revolutionary (divisible) identity (rather than the indivisibility of “the social contract”), supply naturally meets demand. Capital is optimized. Wealth (what the king had) is transformed into capital. It supplies the demand and builds out (incorporates) an asset class that doesn’t have to pillage and plunder to gain it anymore.

Thanks to the natural advantage (the Enlightened self-interest) of capitalism, assets are delivered on demand, having the portability of a contractual obligation and enforced with the natural attributions (the confirmable confidence) of positive law, which is the natural right to own property and use it as one sees fit in the pursuit of happiness.


About griffithlighton

musician-composer, artist, writer, philosopher and political economist (M.A.)
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