Managing the extent of the risk, especially on a global scale, requires a political-economic organization on a scale so massive it cannot fail, and we all know the risk ontology associated with "too big to fail."
A world in which there is no risk left to take would be revolutionary, but not ideal. It would be catastrophic with a tendency to completely consolidate the risk into the gamma dimension (like with the king, relying on the extension of risk into a crisis--revolutionary--proportion). It is the risk to be avoided, not nurtured by continuous consolidation into an economy of scale to expand the margin of profit with minimal innovation and growth, extending the risk into a crisis proportion.
Global, economy-of-scale extension of the risk will reduce individuals to an organized epitaxy of the consolidated risk. It will etiolate the productive and innovative capacity of individuals on a massive scale, subjecting The People to a massive extension of power that is supra-sovereign.
While a so-called "ideal" consolidation and extension of the risk may provide a measure of predictability, acting to shelter and pamper its subjects into a sense of secure health and wealth, it will, at the same time, deprive natural vigor and potential growth (the income to provide it for yourself). The profit (the distribution of reward and deprivation) has to come from somewhere.
The People will be deprived not by innovative productive capacity (technological obsolescence), but by over-extension of the risk, producing a persistent deflationary tendency on a global scale that requires "big" government to control and mainatin the extension of risk in the gamma proportion.
The extension is not to be conserved, it is to be liberated from the economy-of-scale constructions of would-be tyrants who delimit the natural rights of the Sovereign--The People--to the extent of elitist power (just like the crown did to an unnatural extent).
The "natural" thing to do is for government to exist for the primary purpose of ensuring the liberty of The People rather than providing a useful tool for tyrants. Government is then the natural extension of The People, extending the risk only to those who would deprive anyone from taking it.
Monday, August 30, 2010
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