Risk of Reliance

Citizens of the commonwealth take up the risk, it is not extended to them. The commonwealth does not rely on the state to dole out the risk, or legislate to prevent it.

Citizens of the commonwealth take the opportunity--organizing production, producing value, solving problems--as they see fit within their own policy space. Freedom is the common element, the causal factor, operationalizing an unlimited number of choices with the freedom to organize an ontology of continuous improvement. It is the goal of the state to maximize the probability of this pluralistic ontology; it is not the role of government to determine the extent of the risk, but to ensure the freedom to take it.

Without reliance on government authority, the risk is fully extended a' priori--it is fundamental, alpha risk. (To hear a politician talk about extending unemployment compensation, extending tax incentives to create jobs, or government-backed security to extend credit is unlikely.) It is not until the risk is allowed to consolidate with the capital that risk becomes an extension of the state. Not only do The People then rely on the extension of the risk, but a wealthy elite who consider themselves to be beyond the power of The Sovereign are also subjected to the ontology of accumulated power. Both classes rely on government authority to manage, and extend, the risk which tends to be over-extended. The risk goes gamma, achieving a crisis proportion.

While it may seem risk averse to consolidate the risk into an economy of scale, it runs the risk of reliance. A lack of common self-reliance diminishes the capacity of pluralism. It diminishes the opportunity (the probability) of continuous improvement (economic growth, for example). At the same time, it enhances the probability of making the same mistake over and over again (cyclical economic crises, for example), making the risk recursively manageable by operation of large governing bodies networked into a too-big-to-fail ontology (the political-economy we have now to network the externalities into a gamma risk proportion).

The people that lost there homes if not their net worth did not take the risk, it was, for the most part, extended to them. The sense of being cheated extends from the risk (the gamma risk), accounting for the populist sentiment a power elite recursively attributes to class envy.

Fundamental mis-attribution of the risk supports analytical models that harbor faulty assumptions. The accumulation of errors always runs the risk of relying on overextended controlling authorities inimical to a free society and the achievement of a commonwealth.