Bonded to Authority

The Risk of Default

Conservative philosophy posits an additive reality, which posits a testable identity.

Reactionary is what being conservative is, however, conserving the rewards against the probable risks, reacting (by default) to what is now called liberalism.

To mitigate the effects of default (the riskless return, or what classical economics refers to as the declining rate of profit), liberals react with what is called demand-side economics; conservatives with supply-side economics, which is the additive dimension the conservative faction argues it supports by resisting the demand-side, counter-identity.

A person’s property is confiscated–merged and acquired–by what legitimate authority, exactly? That would be by default, which is like an act of God–the ultimate authority that can’t be argued with, to whom no demand can be made.

Notice that after the Great Recession (by default, of course, in which no one is exactly culpable because “it just happens”) home sales are down severely but prices keep going up. On demand?

What is the additive reality here? Continuing to add the supply of homes, old and new, while prices continue to rise, well, you see, that’s all additive isn’t it!

To what, or whom, do we attribute the value when the price to be paid rises against no demand being made?

What, exactly, are the bonds that bind us to “objective reality” on demand?

(What are “the makers” making, exactly?)

To maintain the additive identity of capitalism it is necessary to gain support with measured, maximum resistance. Capitalists call this creative-destruction.

Kind of nihilistic isn’t it!

Capitalism, however, creates more than it destroys, but more is a relative value that exists measure over time, raising expectations (resisting nothing), getting what you want when you want it (existing now) by default.

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About griffithlighton

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

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