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Tag Archives: free market
Concentration Without Consolidation
HRC says that too much economic power has been concentrated into corporations. She used the term “concentration” because the TBTF corporate body does not want to admit that consolidation of industry and markets is really a bad thing. We just … Continue reading
What’s Missing
Mis-Pricing the Risk Solving a problem requires knowing what is missing. Macro-risk management, for example. What’s missing is the free market. How is it that every time I deal with a free market, one way or another, satisfaction is guaranteed, … Continue reading
Posted in Political-Economy and Philosophy
Tagged free market, satisfaction, senator warren
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Buying the Argument
When you buy something, paying for it consents to the probable risk. It’s an on-demand contractual obligation (condign consent) and, in a free market, you don’t have to keep doing business with a company that presents too much risk. Not … Continue reading
Conforming Hypotheses
Capitalism intends to annihilate the probable risk of the social contract–the need for government protection. Existing typically in the form of regulatory authority, the sovereign power of state effectively authors the risk, defining the limits of liability. In a recent … Continue reading
Descriptive Random Utility (DRU)
When scientists observe something, they describe it with having random utility. It just happens to be that the internetworking of things yields to results that can be described as having a particular utility, post hoc, but existing without any particular … Continue reading
Posted in Political-Economy and Philosophy
Tagged Descriptive Random Utility, DRU, free market
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The Final Arbitration
Since reality is a phenomenon, significant only because of our perception of it, it’s wide open–arbitrary. It’s a free market of ideas even though, like Aristotle said, reality exists independent of perception. To objectively arbitrate what reality is, independent of … Continue reading
Technical Patterns of Existence
Economists tell us that monopolies are the natural result of a free-market ontology. The free market “therefore” (just like the kid in the bathtub) pre-exists the technical pattern we call a monopoly. This structural tendency to monopolize the probable risk … Continue reading
Posted in Political-Economy and Philosophy
Tagged free market, predictable pattern, the Senate
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Natural Monopolies
The Argument Reconstructed Arguing structural incentives, economists say that monopolies are the natural result of free-market mechanics. The argument conforms to Objectivist philosophy in which the incentive to act is driven by environmental conditions–natural laws that determine the difference between … Continue reading
Operationalizing the Public Good
The Service Economy You know the old saying: “You can’t please everybody.” Oh, but you can! Utilizing free-market mechanics, which naturally desists the social contract, is the verifiable means of pleasing everybody on demand. Instead of being operationalized to serve … Continue reading
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