Taking the Risk

The $700 billion to bail out the financial system and prevent collapse of our economy not only measures the size of the risk taken, but what it costs not to ensure a free and unconsolidated marketplace.

If you recall, bigger was touted as better because, as large consolidated corporates argued, big economic organizations are able to take bigger risks and do not need to be regulated because the financials of these big economic entities are equally large, so they can afford the risk of loss. This was argued to be the benefit of allowing for consolidation of industries and markets by both Democrats and Republicans, and for a regressive tax policy to finance it by Republicans like Senator Bunning of Kentucky who now laments that the bail out is socialism.

Senator Bunning still maintains that bigger is better and, like McCain, maintains that making the tax cuts permanent and staying the economic course, which includes this failed organizational model of consolidation, is the solution. This is nothing but pure ideological idiocy!

The risk was taken and the size of the organizations taking the risk prevents the free market sanction of eliminating the bad risk and the bad risk takers because they are too big to allow to fail, and if they are allowed to fail, as Bunning would have it, the financial market will be even more consolidated and the dependance even deeper.

The market has been rigged so that the most corrupt is fittest to survive. It is entirely antithetical to a free market economics. It is the model of what a free market is not. It is what is wrong with it.

Change better be coming because with or without the $700 billion bail out, economic crisis is assured because it has been organized for it.

The knowledge, the technical understanding and expertise exists to entirely prevent this crisis. We need to stop ignoring it and stop rewarding the perpetrators of crisis politics and economics.

Organizing for a peaceful and prosperous pluralism is entirely possible by ensuring it in priority.

Rewarding the perversions of consolidated capital and markets, and its corrupt practitioners, should not be the priority, not now, not in the future. If we do, crisis is assured. The choice is ours to make. Ultimately it is a free market--we are self-determined.

What is it going to be? The collective wisdom of our Natural Rights in operation of pluralistic process, or the dictates of tyrannical conceits in operation of consolidated power?