The technicals indicate considerable manipulation of market prices.
The SEC ban on short sales, for example, expired yesterday and the shorts (mostly institutional hedge-fund managers of private equity) went right in to distort the markets into a capitulatory sentiment.
A market with a 1000 point intra-day swing is hardly the model of stability that short interest is supposed to provide as a public service to us all.
Short speculators argue they do the market a public service by controlling volatility and overvaluations. Pure poppycock!
Short sellers are engaged in price manipulation, and understand that manipulation of prices and markets is a crime. It distorts the market valuations, causing confusion with false signals and sudden reversals to cause fear and encourage greed.
Both fear and greed are negative sentiments. It indicates a market full of malevolent players that pretend to be benevolent free marketeers. These are the people that will consolidate your savings through market manipulation, even if it means taking a loss, and claim it was in your best interest. The loss to the manipulator is temporary. More important is the consolidation, which adds to the power, the ability, to manipulate prices and markets that is, again, a criminal activity that has the intended effect of dispossessing you and subjecting you to the consolidated power.
Thinking that the solution to the corrupt forces of consolidated power is to socialize it, alleviating consolidation with confirmed consolidation, would be counter-intuitive.
For example, the Credit Default Swap is an improperly securitized insurance instrument. In other words, the financing needed to back the securities (the insured value) is a fraud to avoid regulatory authority (the government overseer which is composed largely of the overseen). Now that the fraud has been disclosed, the government is going to buy the fake value, essentially worthless, and the fakers, the frauds, trot off with the booty. Socializing it will just afford the process the full force and legitimacy of public authority, like what we see happening now with the bailout plan.
This is not free-market economics. It is gangster capitalism! Turning it into a reliance on the very same technocratic elite that created the problem, supposedly with a free enterprise in the public interest, to be entrusted to fix it in the public interest, is fundamentally flawed.
The efficiency of the elitist model, and its legitimacy to produce the General Welfare as the collective will of The People, is disconfirmed. In order to correct for it, the model MUST BE rejected, thrown out!
The illegitimate elitist model of confirmed inefficiency must be capitulated without being manipulated into a false legitimacy of the collective will and the public good.
Ensuring free markets in priority, not the welfare of elits, will produce an easily verifiable legitimacy that is The General Welfare.
Showing posts with label practical models. Show all posts
Showing posts with label practical models. Show all posts
Friday, October 10, 2008
Thursday, June 5, 2008
Refreshing Our Role in International Affairs
Refreshing Our Role in International Affairs
US history teaches us our founders relucted to engage international affairs. While isolation is impossible and impractical, we should not lose the wisdom and, perhaps, refresh our role.
Mr. Obama has already demonstrated a refreshing approach to what the founders considered to be "their" problems. Immediately suggesting the two-state solution is to recognize a much needed pluralism that will allow a process of improvement to occur that just needs diplomatic tweeking. It allows for a peacefully legitimate process of self-determination to occur that a command and control can only simulate, and not at all well.
It was not long that the founders realized that a global marketplace engaged the wealth of nations. It is too seductive. Isolation limits your wealth, so it is necessary to cultivate a peaceful environment for commerce to take place. Has our economy become so mature with deliberately elitist tendencies that we MUST apply dangerous foreign entanglements?
It is entirely reasonable for small businesses worldwide to ensure a peaceful environment for commerce to take place. The bigger a business becomes, the more it is able to manage the risk of instability, if not by causing it. Risk is minimized if you can know when and where it will happen making small business bear all the risk. That would be a good reason for our founders to not engage big sovereigns to do business.
In the US, every individual is constitutionally sovereign. The power structure is legally pluralistic. Engaging foreign powers compromises that pluralism. International terrorism has led to the Patriot Act, for example.
Pluralism is something that needs to be cultivated internationally for the wealth of nations. The reason big corporates become international conglomerates is to unilaterally control a natural tendency for pluralism. These large coporates are in fact considered to be the large sovereigns that our founders largely considered to be incompatible with the more sophisticated means of a legal pluralistic legitimacy.
Transnational corporates consider themselves beyond the status of sovereignty, and a global elite has evolved a self-concept of the ruling class. Sovereigns are considered objects to be controlled and managed, not cultivated, just like when the bourgeoise began its ascension to power. This elitist model of power and ploitical economy, this global Hamiltonianism, is conceptually operationalized into a false legitimacy of the general welfare that is argued superior to the chaos of pluralism. It is really a recipe for disaster contained within the conceptual model, the false legitimacy, operationalized into the practical model of power.
The time has come to replace the practical model for instability with the proven model of equitable stability. A peaceful and prosperous process for continuous improvement will not just be possible, but probable.
It is up to the voters to build a broad based coalition that the leadership can join to redifine the legitimacy of power as the natural right to self-determination, the right of the sovereign to actualize, to choose, a peaceful and prosperous existence together.
Allow Mr. Obamam the choice of leading a broad based coalition for real, much needed change.
Very best wishes.
tags:
international affairs,Hamiltonianism,practical models,commercial pluralism,coalition politics,organization theory
US history teaches us our founders relucted to engage international affairs. While isolation is impossible and impractical, we should not lose the wisdom and, perhaps, refresh our role.
Mr. Obama has already demonstrated a refreshing approach to what the founders considered to be "their" problems. Immediately suggesting the two-state solution is to recognize a much needed pluralism that will allow a process of improvement to occur that just needs diplomatic tweeking. It allows for a peacefully legitimate process of self-determination to occur that a command and control can only simulate, and not at all well.
It was not long that the founders realized that a global marketplace engaged the wealth of nations. It is too seductive. Isolation limits your wealth, so it is necessary to cultivate a peaceful environment for commerce to take place. Has our economy become so mature with deliberately elitist tendencies that we MUST apply dangerous foreign entanglements?
It is entirely reasonable for small businesses worldwide to ensure a peaceful environment for commerce to take place. The bigger a business becomes, the more it is able to manage the risk of instability, if not by causing it. Risk is minimized if you can know when and where it will happen making small business bear all the risk. That would be a good reason for our founders to not engage big sovereigns to do business.
In the US, every individual is constitutionally sovereign. The power structure is legally pluralistic. Engaging foreign powers compromises that pluralism. International terrorism has led to the Patriot Act, for example.
Pluralism is something that needs to be cultivated internationally for the wealth of nations. The reason big corporates become international conglomerates is to unilaterally control a natural tendency for pluralism. These large coporates are in fact considered to be the large sovereigns that our founders largely considered to be incompatible with the more sophisticated means of a legal pluralistic legitimacy.
Transnational corporates consider themselves beyond the status of sovereignty, and a global elite has evolved a self-concept of the ruling class. Sovereigns are considered objects to be controlled and managed, not cultivated, just like when the bourgeoise began its ascension to power. This elitist model of power and ploitical economy, this global Hamiltonianism, is conceptually operationalized into a false legitimacy of the general welfare that is argued superior to the chaos of pluralism. It is really a recipe for disaster contained within the conceptual model, the false legitimacy, operationalized into the practical model of power.
The time has come to replace the practical model for instability with the proven model of equitable stability. A peaceful and prosperous process for continuous improvement will not just be possible, but probable.
It is up to the voters to build a broad based coalition that the leadership can join to redifine the legitimacy of power as the natural right to self-determination, the right of the sovereign to actualize, to choose, a peaceful and prosperous existence together.
Allow Mr. Obamam the choice of leading a broad based coalition for real, much needed change.
Very best wishes.
tags:
international affairs,Hamiltonianism,practical models,commercial pluralism,coalition politics,organization theory
Subscribe to:
Posts (Atom)