Cornering The Political Market
Economics and politics have collided. Robert Reich has made a second career it seems by writing about all the evils of large concentrations of wealth and its impact on the political system. The folks on the other side of the issue are almost uniformly against governmental intervention in anything.
A closer look at just about anything related to anything related to anything else leaves you looking at money and where it goes and what it does.
Waking up this morning I heard the China and India are making an attempt to corner both the gold and silver markets respectively. Cornering the market involves buying enough of a commodity so that the owner can effectively manipulate the price of the commodity. This practice does not end well usually because the market takes notice and either regulation or other alternatives are found for the manipulated commodity.
We'll see if the same thing happens in the political market. I can see tough sledding if the only way to wealth is through various forms of market control and licensing where vast fortunes can be accumulated and virtually everyone else is fighting to keep their head above water as part of the rest of the increasingly large under class. Sadly, maybe it already has happened.
The condition we are in is becoming an increasingly zero sum game where the winners have hit the jackpot through good fortune in wealth, education, location, persistence, or criminal behavior and to keep winning you need to crush everything down to less complexity, lower wages and the lowest possible wages.
It would be nice if the term dignity became a bigger part of the political discussion these days. Work is dignified, having a job to go to is dignified, having an educational system that will educate our kids is good and dignified because it contributes to good social order.
I appreciate the paralysis that this gamesmanship has developed and I hope democratic values can prevail and the funk we are experiencing is replaced by something that will really address our problems in a more positive manner.
The alternatives of mistrust and cynicism seem to be winning
A closer look at just about anything related to anything related to anything else leaves you looking at money and where it goes and what it does.
Waking up this morning I heard the China and India are making an attempt to corner both the gold and silver markets respectively. Cornering the market involves buying enough of a commodity so that the owner can effectively manipulate the price of the commodity. This practice does not end well usually because the market takes notice and either regulation or other alternatives are found for the manipulated commodity.
We'll see if the same thing happens in the political market. I can see tough sledding if the only way to wealth is through various forms of market control and licensing where vast fortunes can be accumulated and virtually everyone else is fighting to keep their head above water as part of the rest of the increasingly large under class. Sadly, maybe it already has happened.
The condition we are in is becoming an increasingly zero sum game where the winners have hit the jackpot through good fortune in wealth, education, location, persistence, or criminal behavior and to keep winning you need to crush everything down to less complexity, lower wages and the lowest possible wages.
It would be nice if the term dignity became a bigger part of the political discussion these days. Work is dignified, having a job to go to is dignified, having an educational system that will educate our kids is good and dignified because it contributes to good social order.
I appreciate the paralysis that this gamesmanship has developed and I hope democratic values can prevail and the funk we are experiencing is replaced by something that will really address our problems in a more positive manner.
The alternatives of mistrust and cynicism seem to be winning
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