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Monthly Archives: August 2014
What “The Makers” Make
We often here that the so-called “makers”–people that conservatives identify as the “job creators”–don’t really make anything, but they really do. They consolidate risk and bundle it, creating, for example, securitized debt, which led to the Great Recession. They make … Continue reading
The Free Market (Whether You Like It Or Not)
Cost Control (Instead of Crowd Control) On Demand Kick the risk out the front door and it just comes in the back. Being sure each citizen has enough income to demand supply controls costs. Without subsidies, or price supports (like … Continue reading
The Hurt Alert
British authorities raised their terror-alert status. International affairs wants to dominate the news cycle. Just as important, the “want” (the organized intent that “just kind of happens”) is not disconnected to domestic affairs. Diplomacy centers on the probability–the risk–of unacceptable … Continue reading
Making the Adjustment
Do you ever see a yield sign? What does it really mean? It’s all about taking risk and, reading the signs, about making it for yourself. “The risk” is not a subjective value. It is an objective, measurable (empirically valued) … Continue reading
Yielding To an On-Demand Existence
Makers and Takers: Making the Adjustment, Taking the Risk The success of capitalism is failing because it yields to unacceptable amounts of harm. Rifkin says, cooperative enterprises–which are employee-owned and non-profit–exceed the number of for-profit start ups. The trend will … Continue reading
Assessing the Risk of Doing Harm
Attributive identity is all important when assessing the risk of doing harm. There is a whole lot of unhappiness (detriment) associated with the attainment of zero marginal cost. According to conservatives, economic fortune is an act of self-determination. If you … Continue reading
Posted in Political-Economy and Philosophy
Tagged conservatives, marginal cost, paul ryan, Rand Paul
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Public Policy and Natural Existence
When reality yields unacceptable amounts of harm (whatever that is), that’s just the way it is…just accept it, the Objectivist says after TBTF banks are not allowed to fail because of unacceptable amounts of harm. Practitioners of the art and … Continue reading
Posted in Political-Economy and Philosophy
Tagged marginal cost, objective reality, risk assessment
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The Risk of a Natural Existence
Fundamentally, we tend to avoid risk by sensation, but then we also imagine the probability of risk (sensation of being hurt) in the futures. To control for the authority (the determinism) of natural risk we build predictive algorithms (the rule … Continue reading
Scaling the Risk
Leading, mainstream economists are mulling over what scientists refer to as an emergent property. Capitalists, of course, want to control for naturally occurring emergent value. They “network the externalities” and build “economies of scale” to establish the control they want … Continue reading
Rifkin’s Paradox
Notice that Rifkin refers to the “collective commons” and the “Internet of Things” as phenomenon. It is a phenomenology–symbols; it is a work of art that imitates life, but without deconsolidation of the risk it is the image of The … Continue reading
Posted in Political-Economy and Philosophy
Tagged marginal cost, phenomenology, power structure, Rifkin
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