Notice, for example, that Ohio’s referendum to legalize marijuana was correlated with a state-sponsored, but privately enterprised, monopoly. Using the monopoly business model is apparently considered to be a public good because it is correlated with effective efficiency, and the motive that measures the effect is what economists call “rent seeking.”
Using a monopoly business model, participating in the economy is like renting a seat at an auction. What likely happens is, the participants bid the price up. If it does not exceed the asking price, there is no sale. If there is no sale there is deflation and unemployment.
(Notice the Equivalent Coercive Value–the ECV-symmetry. When deflation occurs, producers get a lower price but gain the value of economic desperation, which exists on demand. The on-demand attribution means everything! It is the political dimension of legitimate value that correlates with economic processes of any kind. It is a determining variable. It is a reality that exists independent of its perception, existing in priority, actualized on demand.)
With deflation, now the participants can’t even afford to buy a seat at the auction, not without government support, anyway, which is likely to be in the form of public debt. Welfare now correlates with the problem but, like logicians tell us, it does not prove to cause the problem. In late order, however, we tend not to see it that way. Instead, we react to the effect–the rising debt proportion, which was actually caused by using the monopoly business model having the improper attribution of existing a “public good.”
The debt then becomes a public good, which is managed by the treasury department and the central bank, effectively holding the accumulative losses in reserve, which is then transformed into what it costs to rent money, or “the economic rent.”
Since it happens in late order, we do not correlate the business model (what effectively measures the incapacity to pay the debt) with what actually causes economic desperation, which is a measurable economic risk-value that is politically charged, existing on demand, in priority.
The political dimension is a prior existence. It is a risk-value that cannot be avoided, and avoiding it accumulates its value into an effective, measurable, catastrophic proportion–i.e., the “big risk” to be avoided.
What we correlate the effect with (what we attribute the value to) is everything–it determines the futures now.
Using the monopoly model is not a public good.
It is a public nuisance!