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ONCE MORE WITH FEELING

<rant>Every day, I find a new reason to be boggled by the ubiquitous faith in Adam Smith's hidden hand. But in actually analyzing what happened, it seems that the degree of wreck of the European economy can be measured according to the degree of privatization of debt. So, once more with feeling:

Free market economies are inherently unstable, and statistically favour the largest stakeholder.

No, it can't be made simpler. No, (C/B/etc)NN is spouting garbage. No, God has no stake in the market. No, there is no connection between democracy and free markets, free markets and stability, or free markets and freedom. Capitalism is politically neutral and it has one rule:

Free markets are inherently unstable and statistically favour the largest stakeholder.

Always.

No, always.

If there is any natural analogy to a free market, it's a fire. Put more fuel on and it burns higher and runs out of fuel faster. Then you have to wait for wood to grow again. You want a fire to burn forever, don't burn it any faster than you can grow wood. This requires a small fire.

Which is why, in trying to get a front-seat at the world's biggest fire (the U.S.-China GDP-Driven corporate nexus), our prime minister is setting Canada up to be a colony for the benefit of those wealthy enough to benefit themselves.</rant>

Raindrops on Roses

OK, rant over. Been busy, but took some time last night to have a walk. I was wearing a dull orange shirt, and being of blocky persuasion, I can understand why a wierd, hairy, and sex-mad June bug latched onto my hand and attempted to mate with me. A bit embarrassing, but not as embarrassing as being chased down the road with a bug furiously trying to mate with various parts of my anatomy, which is what happened immediately after.

We reached the cover of a spruce and discovered, via the low humming, that it was TEEMING with june bugs. We backed away, walked on. Found another spruce. It, too, was a Towering Inferno of June Bug Orgy (note caps).

Getting home, we forgot about the incident. But I looked it up, and discovered that it's not June Bugs, but Ips beetles, or pine bark beetles, and the weird weather we've been having because of global warming is the reason so many spruces will probably be dead or damaged in our neighbourhood next year.

And here I was, happy to be channelling Maria Von Trapp. While Rome burns, I'm still a sucker for the play of light on raindrops on roses, and will happily fiddle with my camera. Sigh.

Back to work. Got an economy to feed.

Comments

( 18 comments — Leave a comment )
asakiyume
Jun. 19th, 2012 05:38 pm (UTC)
Back to work. Got an economy to feed

LOL.

Your rant is *excellent* and met with cheers when I read it out to folks here. I'm sending it to my dad, who rants similarly at Critical Pages.

As wakanomori said when I read out your rant, "The problem is, the people who champion the free market are determined to be the biggest stakeholder"--to which one might add, or already are the biggest stakeholder.

barry_king
Jun. 19th, 2012 05:50 pm (UTC)
the people who champion the free market are determined to be the biggest stakeholder

...and pushers push junk. No surprise there. Shame we can't simply buy out of it.

Or maybe not a shame. Maybe because we're married to it, we can't help but try for reform. Can we reform? I doubt it. Not as long as there's a ready supply of cheap energy. Got to let the fire burn out sometimes, and get some seeds protected so they can sprout afterwards.

So... what kind of seeds are you setting aside?

Spent the weekend canning. That's one.
Open source software. That's another.
Hmmm.... getting an idea there. Fireseed savers. Whaddya think? Like Fahrenheit 451, but with post-peak-oil technologies.
asakiyume
Jun. 19th, 2012 05:58 pm (UTC)
I think if we start small enough, we can get people to remember that they care about helping one another and that rapacious self-interest isn't good in any aspect of life, nor is standing by watching people drown. ... It's models for getting people to agree to work together that I have trouble with, since most of them come down to some degree of social coercion. Is there a way around that? I don't know.

barry_king
Jun. 19th, 2012 07:27 pm (UTC)
I favour turning off the TV.
asakiyume
Jun. 19th, 2012 07:52 pm (UTC)
That's a good start, anyway!
j_cheney
Jun. 19th, 2012 06:00 pm (UTC)
We haven't have june bugs for three years now, which is weird. But it's all related, huh?

Gorgeous rose ;o)
barry_king
Jun. 19th, 2012 06:24 pm (UTC)
Oklahoma's got water-too-much-or-too-little problems, too, from what I hear, too.
j_cheney
Jun. 19th, 2012 06:32 pm (UTC)
Yep....the previous two years were drought, and this year is about 30% above average...
barry_king
Jun. 19th, 2012 07:27 pm (UTC)
And flooding, I do recall, a couple of years back.
j_cheney
Jun. 19th, 2012 10:22 pm (UTC)
THat was about the only rain we got that summer....all in 5 hours. Clay can't absorb water coming down that fast, so...
asakiyume
Jun. 19th, 2012 06:01 pm (UTC)
also
have some whiskers on kittens to go with your raindrops on roses

whiskers on kittens
barry_king
Jun. 19th, 2012 06:25 pm (UTC)
Re: also
Shh! Don't say that. Or (it being Kingston) it's liable to snow!

Actually, we've got a heat wave coming in Wednesday. Not looking forward to it.
peadarog
Jun. 19th, 2012 07:19 pm (UTC)
Righteous. Regulation is an attempt to limit the use of fuel. Or something.
barry_king
Jun. 19th, 2012 07:26 pm (UTC)
Put that stick down!
kara_gnome
Jun. 19th, 2012 11:05 pm (UTC)
That's a great rant, and absolutely makes sense. Sad sense, but still.

lol, re the bugs; I think it's pretty clear they've started a fan club. Kidding aside, sorry about the spruces.
barry_king
Jun. 20th, 2012 12:12 am (UTC)
Still trying to figure out what they are. They don't fit any of the standard culprit profiles.
kara_gnome
Jun. 20th, 2012 11:40 am (UTC)
Post a picture, if possible; someone on your f-list is bound to know :)
barry_king
Jun. 20th, 2012 12:05 pm (UTC)
Oh, the resident biologist is hard-a-work on that one. She just needs a sample, which we haven't gathered yet. The one that was pressing its suit on me was left behind. With alacrity.
( 18 comments — Leave a comment )