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 and call it “efficiency.”
Market efficiency is measured with marginal cost and, as Rifkin aptly describes it, that measure is getting close to zero. However, that does not mean the probable risk has been reduced. No, instead, just as Marx predicted, capitalism is looking at the spectre of a paradigm shift–an emergent property that threatens the current use of surplus value, subjecting “the people” in the name of market efficiency and, more compelling at current value, homeland security.
Bringing the probable risk to scale creates the objective reality that conservatives say is unnatural. Nature has a way of naturally emerging, nevertheless.
To scale back the probable insecurity, capitalists are sure to network “the internet of things.” Networking the externalities (controlling things that “just happen”) is something that capitalists do very well. Preventing a glorious revolution that just quietly happens, externalized by deliberately reducing the marginal cost and increasing the profit margin with monopoly scaling of price and quantity, is job one. Economists are already saying that we need to have legal monopolies to prevent the marginal cost from being zero, but that’s why it is nearly zero.
Why does Dollar General want to merge with Family Dollar?
M&A occurs for the pricing power. It occurs to defeat the free market. This is monopoly power defeating free-market self-determination of the risk, getting as near-zero as marginally possible without annihilating itself.
The free market is being marginalized by the capitalists because it works. It effectively controls for the propriety of elite authority. (Articles on proprietary risk by griffithlighton can be found on “the internet of things.”) Operating without the risk of being sanctioned in the marketplace, what’s the probability of propriety? What’s the scale of the risk?
The scale gains, not loses, the extortionist value of being too big to fail. The collective will, by this commonly divisible (aggregated) measure of the risk, will always be collaborating (with the force and legitimacy of public authority) to pay tribute to the extortionists!
Since a declining rate of profit is just going to happen no matter what, to maintain our natural existence, let’s just make monopolies legal, right!