Real Critique of Free Markets or the Consolidation of the Capital?

Predicting the Future of Political-Economic Organization


Concentration of wealth commands power. If the wealth is shared, or "spread around" as Republicans have cheaply described it, saying it will cause us to be unproductive and lead us into crisis, power is also shared, or pluralized, which reduces the probability, the risk, of crisis and the elitist management of it.

Pluralizing power maximizes the probability for a peaceful prosperity and direct accountability of the ambition to take power and exercise it. A person that wants to take power and command the fate of others, the processes of power must be consolidated politically and economically. Key to the process is the legitimacy of power because it causes, by cognitive process, the political will necessary to consent to the status quo or not.

Saying that sharing the wealth is inimical to prosperity and peace is necessarily argued as an absolute principle, like a natural law, of an uncomprimisable logical proof in spite of the overwhelming empirical evidence to the contrary. If the principle is defied, the proof of its veracity is the consequence of economic crisis.

The deepening economic crisis will be blamed on policies and programs designed to "spread the wealth around" so that the legitimacy of conservative principles will retrench and be operationally conserved.

In the past, the causal factors of the crisis have been conserved by being applied as the solution. Treasury now says the bailout money is to be applied by not buying worthless assets, but by buying an equity stake in risk-prone financial firms and encouraging them to consolidate, or too big to fail, which makes them risk prone.

The problem is applied, reinvented, as the solution. It is a technical trick of the bureaucratic model of power, making the process and outcome of power appear to be decisionally pluralistic and legitimately accountable. The wealth is thereby consolidated with a false legitimacy that will result in crisis.

The bureaucratic management of the consolidation is something private enterprise used to do in the name of free markets by detroying it. The practice has been used into an obsolesence of obvious practical absurdity.

Rather than destroy the causal relationship, the elitist process of power has been reinvented to give it a pluralistic legitimacy. It will result in crisis because the legitimacy is false: it is not a free market if industry and markets are allowed to consolidate nor is it accountable to The People. The process is not legitimately pluralistic and accountable if it is being commanded, evaluated and reinvented by elits to be organized and reorganized into "too big to fail."

The taxpayer as preferred shareholder in the bailout plan is antithetical to the process of private enterprise operating as a means of governiing with the power to tax in the form of "pricing power" that comes by means of consolidating the wealth and, therefore, power. Government by and for The People is, then, an evil to be described as "the problem and not the solution." Reverse this elitist model scenario and We have the solution that serves The People instead of The People serving the feudal ambitions of an elite ruling class drunk with the incompetence of a non-pluralistic accountability that iterates an unfettered greed and avarice throughout the social structure with the result being the crisis it has always been argued and practiced to prevent.

When after applying the problem as the solution and government is required to prevent massive suffering of The People, like famine and war, and the problem is just reinvented and retrenched, We The People are then told by conservatives We are "getting the government we deserve," meaning We are better off with no government and, therefore, no accountability at all. Accountability is best organized and applied, conservatives argue, through the free market and private enterprise which, of course, has been consolidated to prevent its legitimate operation and causing the need for government that the elitist model argues We do not need and are better off without.

The result is a power structure organized to consolidate wealth and, therefore. power. Rather than a champion of The People, the constitutional guarantee of government by and for The People is an orgainized adjunct to give private consolidation of wealth and power the force and legitimacy of public authority which acts, in contradiction, to command the consent of the governed. The contradiction ensures the probability of cyclical crisis at 100 percent.

The policies and programs of Treasury will result in perpetuating, not alleviating the crisis. It will act to reinforce dependancy on credit in our debtor economy, which has been the fundamental source of the problem--liquidity crisis and reliance on the failed Hamiltonian model with a false legitimacy of power that promises to produce the General Welfare without the wisdom. the accountability, of the collective will of The People.