Managing the Long-Wave Frequency of Risk
Nature does not care if we know what the right thing to do is, or care to do it. When it comes to the human experience, much as the Objectivist describes it, nature is functionally psychopathic.
Without the human experience there is nothing about nature that is right or wrong. Existing measure and resisting nothing, however, right and wrong emerges with the experience of being human over time.
Over time, the probability of human existence is better than zero. In the same way, the probability of right and wrong is also, contrary to what Objectivists believe, better than nothing.
Nihilism (that there is really nothing to constrain human conduct because, objectively, controlling for human existence, nature does not “know” right from wrong) makes for a volatile existence. The financial marketplace, for example, is a model for human conduct. With limited liability (operating with “objective identity”), the conduct of financial enterprise is characteristically nihilistic, and extremely volatile.
(It is important to understand that a volatile environment, nihilisticly organized in priority, exists in a risk-prone, “it just happens” proportion. When it crosses with political events, like a Ukrainian crisis, risk tends to manifest suddenly and violently. Once the violence starts, accumulating retributive value, it yields to the point of exhaustion.
Like Ayn Rand said, what’s the point; simply accept objective reality–elites rule–and by natural design the fighting is over now. Elites, however, pathologically determined by the object of self-perseverance, fight among themselves for dominance, dragging everybody else into the path of self-destruction in the name of self-preservation.
No, contrary to Ayn Rand, like Hobbes said, elites need to be ruled by design. They naturally exist on demand or they find out, over the long term, that their reason for being means nothing.
It is important to recognize that the difference between right and wrong EXISTS in priority. Being risk averse is categorically imperative. It always exists now.
Naturally, we learn to resist organized psychopathy–we grow up! Over time we exist the measure and resist the value of nothing–nihilism. “We” naturally resist the accumulation of retributive value with pluralistic means to ends. The American Revolution specifically represents that existential value, expressly averse to the consolidation of power, objectively recognizing that risk is best managed, long term, not by social contract but by being indefinitely determined in a commonly divisible proportion.
Causation on demand beats chain of command every time.
President Obama, for example, being a lawyer, is arguing “chain of causation” and “strict liability” in the MH17 incident. He says that Russia is directly liable for the conditions at the border, and thus the tragedy of MH17. Rather than being nihilisticly consumed as an “it just happens” event–regardless of intent, the liability being strictly constructed on demand–compensatory damages are in order and not just nothing. In other words, the conditions being created there are a nuisance, and a nuisance demands to be regulated, existing measure over time and resisting nothing.)
Rather than being a function of right or wrong, for the Objectivist the means to ends is a measure of probability that exists over time depending on how much space (volume) you can occupy on demand. Existence is a function of being on demand–it is functionally psychopathic, measurably getting what you want on demand, plentifully supplied, without disruption, and a familiar way to objectively measure that existential value is to discount the rate of probable risk.
Since “elites always win” is “objective reality,” the risk of loss, existing over time, is discounted. The risk of loss (which can’t happen by natural design) is fully valued (100%) now and priced into the future (the delivery date on demand). Calculating the future now can be complex, if not arbitrary, which results in “the arbitrage argument.”
Arbitrating the future, fully valued now is to determine the risk, and the farther out you go the more risk (occupying space over time) is being assumed.
Of course, being naturally psychopathic and fully functional, you want to make it so you don’t assume all the risk now fully valued. So you sell it at a discount rate, which (yielding the price) creates volatility (the argument to be arbitraged). Objectively, winning or losing the argument (how much cash you have on account against debt) is the difference between being right and being wrong.
Keep in mind that being right all the time is abnormal. Risk is inherently fickle–it is a timing function, existing measure (probability) over time. What makes it “arbitrary” is the timing but, objectively, it is not arbitrary at all. Just because something “just happens” (like when Wall Street wins big and everybody else loses without fail) does not mean it happens without a cause.
Wall Street tells investors, “don’t try to time the market.” Why, however, is because the timing (the long-wave distribution of the risk) derives from (is caused by) your position at any particular time; and now, especially, in a flash it can crash, supporting the organized psychopathy as a long-term “objective reality” attributable to the objective probability of the risk.
Psychopathy, you see, is not an abnormal, psychological condition. Instead, it is how we cope with risk. We grow up with it, discovering the difference between right and wrong, tested with an on-demand existence that delimits (arbitrarily yielding to) an objective identity.