Structural Debt (and Unemployment)

Organizing the means of production is so important that the people who structure it are in control. Objectivists certainly do agree with that.

Mrs. Clinton says, for example, it is impractical to be adversarial; and like Ayn Rand says, it is better to just give in. Accept the “objective reality” of capitalism and we have falling debt with rising employment–which is just a lot of hooey!

Intellectuals like Max Weber emerged to describe and explain how power is structured to incentivize outcomes that are measurably inimical to the well being of its participants. Simply this: if the incentive is structured so you don’t have a choice, you are likely to give in.

(Political economist, Jeremy Rifkin describes the emergence of the Zero Marginal Cost Society. While I can agree with the ZMC description, it is more like a no-bid society. At every turn, you may have noticed, the only choice is to pay the asking price. Making a bid is considered to be odd–curious–deviant! This is the real structural incentive we are actually dealing with here. Rather than the art of the deal it is the iron fist of consolidated power–and there is something you can do about that! Change will happen so fast, and things get exponentially so much better over time that it will be embarrassing to admit having done it any other way.)

A free-market economia has the equivalent coercive power of consolidated capitalism. The market (in priority!) is structured to incentivize the participants to accede to YOUR demands. (It is an on-demand existence for everybody!) If the stakeholders don’t give in (in-corporate), then (naturally!) they fail, unless they are TOO BIG to fail.

What is the imperative value (the ECV-symmetry) here?

Vote for Bernie Sanders!

(Other articles on ECV-symmetry by griffithlighton are published on the World Wide Web.)

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About griffithlighton

musician-composer, artist, writer, philosopher and political economist (M.A.)
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