Financial Scotoma?

Resisting the Inducement of Debt On Demand

What is the MIQ of financial markets?

Assessing big, midterm losses, Senator Shumer says the Democratic Party suffered from a kind of financial scotoma.

Shumer insinuates that Democrats did not deliberately do the wrong thing and mandate health-care premiums against declining income. It just sort of happened that way. It’s like the nose on your face. It’s plain to see. It’s always there, but you just sort of ignore it, without knowing it, focusing your attention on things you really care about.

Many critics argue that technical analyses generally suffer from financial scotoma; but no, there is a deliberate tendency to ignore the probable financial risk over and over and over again. This psychopathy is then referred to as cyclical (“secular”) trending, described as “the invisible hand” that we can’t see. Since it is invisible, it is naturally ignored (being more like “selective attention” than scotoma), and if it can’t be measured it doesn’t exist, right?

A free market has a natural, built in, moral IQ (MIQ). “It” is the in-visible hand of a confirming conformity, built-out by consent of the governed, aggressing a passive, non-violent resistance on demand.

The abstraction is no delusion.

Financial firms tend to induce peonage (debt). It is a business model; a way of doing business that “tends” to force participants into debt and liquidation of assets–referred to as “default”–which then becomes the property referred to as “the capital.”

Ironically, let’s not forget that capitalists opposed the institution of slavery because it was forced labor. We have to question, however, whether the American Civil War was about freeing slaves or simply a means of driving labor costs down to virtually nothing; but there is, virtually, no thing that resists nothing better than the MIQ, which naturally yields to a Minimum Standard of Existence (MSE).

Notice the word “virtue” in the word “virtual.” At its root, virtue means “strength.” A virtual existence suggests that “it” has the strength–the color–of existence but does not exist. So, Randians argue, for example, that morality has the color of existence but does not really exist. Objectively, there is only the natural law.

Yes. It is true. There is only the natural law, and IT is a virtual existence because it is always becoming NOW; existing measure, resisting nothing, “knowing” how to do the right thing in priority by learning, by no accident, how to do it wrong.

“Changing the status quo is the hardest thing to do on command, but not on demand.”

While freeing the slaves had the effect of tending to a zero-marginal-cost society, capitalists are sure to argue that a credit economy is an on-demand existence–the opposite of slavery.

Nevertheless, we can virtually say, capitalism can be worse than slavery.

Like when taking a short-interest in a stock or a bond, the person that rents the capital to exist is at risk of losing it all (and even more!) and virtually starving in the streets.

So (you ask), how is that a person can lose more than losing it all? Well (you see), that is how capitalism works by default. Just like when taking a short-interest (a condition in which the derivative value of the underlying asset can fall well below zero on demand so that you owe the buyer more money than you sold your interest for now), the IQ of capitalism is to make peons out of everybody! This is what “the best and the brightest” tend to do, intending to build-out the big ugly monster (stupidly conforming to confirm their status) whether they really want to or not. What’s not coercive about it!

Capitalism is not a free market that operates with the consent of the governed. It is a dysfunctional, organized psychopathy intending to reduce as many people as possible to below subsistence. What resists the possibility of existing nothing (and the impossibility of there being something that is virtually less than nothing) is the MIQ!

Yes, there is some “degenerated visual acuity” (scotoma) but its not anything you can’t stop ignoring like the nose on your face.


About griffithlighton

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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.