As we look to solve our deflationary, demand crisis in a post-modern age, classical properties of capitalism emerge as fundamental properties of the current crisis.
Classically, the current crisis is described as too much surplus value. As long as value remains in surplus (hording cash and labor, like we are now), the crisis gains strength and results in overproduction (the amount of value in surplus). If the surplus is not circulated, the value accumulates risk--it gains a gamma-risk proportion, and becomes retributively valued.
A fundamental quality of gamma risk is the systemic critique. Currently, for example, it is critical to define the systemic risk associated with capitalism as either classical or neo-classical. At this point, it is clear that the neo-classical form yields classical results.
Despite neo-classical measures since The Great Depression, anyone below the upper class is at systemic risk. In other words, the system is designed for the lower class to "take" the risk--they are the debtor class, they pay the debt and if they default it is scored as a bad credit "risk" (the systemic risk).
"The risk" is fundamentally established as a divisible risk when it is really an indivisible, collective phenomenon always demanding its reduction--its diffusion--by means of social cooperation. In both the classical and neo-classical form, the risk is consolidated into the gamma dimension, always commanding its distribution by social classification (income) derived from the fundament.
Since the command dimension of consolidated risk is derived from the fundament, it is characterized as a naturally evolved state of capital formation that empirically confirms the elitist tendency of power distribution. When the critique looks to the fundament for the legitimacy of power, the reaction is to present the accumulation of power as ontologically derived--it is "won" by freedom expressed in the marketplace.
Commanding a redistribution of income freely won in the marketplace is unnatural and always causes a crisis, the free-market hypothesis maintains.
Alright then... what do you say we deconsolidate the risk and see what develops by means of free-market mechanics--with "the risk" individually derived and commanded in the form of liberty. What We (The People) will have is a surplus of value that is not the empirical measure of crises (demand deflation), but the measure of a peaceful and prosperous pluralism (diffusion of risk) derived, and legitimately maintained, from the Constitutional fundament of power.
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