The Bourgeois Revolution

There is a spectre haunting America--the promise of free-market economics.

All the bourgeois values handed down from the days of mercantilism--hard work, industry, commerce, honesty, strength of character, sacrifice, self-determination--now haunts the distributive value of capitalism.

A revanchism now populates the empirical sentiments of a popular consent. The middle class, not to be robbed of their hard work and fortitude, are beginning to demand an accounting of categorical imperatives that categorize the value they produce as value to be deprived (to form the capital) in their self-interest.

Now, as it was with the emergence of a bourgeois class in opposition to the crown, passing the wealth through a power elite for redistribution in the form of debt is not exactly the ideal arrangement. Now, as it was then, pledges will be made to render a more ideal proportion, but The People, at this point, are not likely to buy it.

The revolution is not quite as dramatic as haunting specters or as logically linear as historical dialectics, but there is a significant revolutionary spirit that retraces the historical memory of what it means to be a constitutional republic that protects and defends the inalienable rights of man.

As I pointed out in previous articles, when the risk attains a critical proportion (the gamma proportion that cannot be avoided), a logical critique occurs that assesses the current valuation of "the risk."

Following what is being called "The Great Recession," there is a growing popular perception that the business cycle is not as much an ontological risk as it is a deliberate confiscation of property by an elite of power (much as Jefferson described in his critique of the Hamiltonian model).

Where once the crown and its subjects exchanged pledges of risk and reward, the business cycle derives value and accumulates wealth and power by more highly technical means that literally double hedges the risk to its subjects without consent.

Being "subjected" to risk, rather than consenting to it, is not only an arrogant offense of dignity in priority, but subjecting The People like the crown is strictly forbidden by the Constitution. Subjection is not a legal form of governance.

Prosecuting the free-market system is becoming more than a function of identifying ponzi schemes and busting trusts with a criminal intent. It is taking on a revolutionary aspect. We are now more prone to identify sources of systemic risk and prosecute that risk with empirical value (who wins and loses in dollar amounts). The risk ontology is being taken off its abstract head and put on its empirically verifiable, materialistic feet.

It is in no way a fiction or a passing fancy. This is the real thing. Its time has come, which means its resistance just strengthens its cause.

The assumption of risk will not be re-chartered with ponderous political promises and the puerile pledges of pampered potentates. The People are too sophisticated for that. They are ready to re-assume the risk in an entirely new form of self-determinism that empirically verifies the consent of the governed.

The People are ready to realize "the capital" (the value of accumulation) as a means of liberation rather than the value of exploitation.