Showing posts with label financial system. Show all posts
Showing posts with label financial system. Show all posts

Monday, 3 September 2012

Taxing Paul to stimulate Peter to pay Paul..

Order in the Financial System is as fragile as the atom; the hitherto basic unit of matter. Paradoxically, the word 'atom' is derived from the Greek word atomos or 'indivisible', which is, as we know, not exactly accurate.      

Now, if the ancient Greeks gave us atomos and the Romans gave us fissio or 'fission' and modern Greece gives us sovereign ineptitude; is modern Italy the next economic catalyst of global consequence? If today's Financial System, against which we measure modern evolution, is wholly reliant on stability to hold its form, would it be foolish to imagine a systemic financial fission in our immediate future? If change comes from crisis we could, as we speak, be witness to the dawn of a new financial energy.

If the System taxes Paul to stimulate Peter to pay Paul which is as it is, why shouldn't Paul have the option to write down Peter and pay less tax? If the Financial System has promised Peter that he could be Paul with a little stimulatory luck, then the System needs Paul to make good its promise to Peter even though Peter can never be Paul. If Paul needs Peter or he wouldn't be Paul but Peter and if Peter becomes Paul then Paul is no different from Paul and shouldn't be taxed because Peter is no more.. Now if Paul is not Peter and Peter can never be Paul then Peter lives under a financial illusion conjured up by the System. Seems to me things would be far easier if Peter stayed Peter and Paul was left to be Paul because only the System says Paul is better than Peter.. 

Wednesday, 19 October 2011

You knew the world would not be the same

I suppose one way or another we all knew what had to happen here.

Only a fool dismisses the potentially cataclysmic socio-economic protests outside Wall St as a non-event. Even so, perversely, it's a self-absorbed and deceitfully false consolation to chant demographically popular anti- Wall St rhetoric. To do so adds credence to the establishment which relies on the ignorance of the people for stability. Systemic failure is hard-wired into the financial 'operating system' and it can't be outrun..

Ignoring the emotive naivety that 'all men are created equal', the presupposed notion of self-indulgent material entitlement becomes core. Selective praise for technological advancement is equally naive. For interest, lauding Apple Inc. for its technological innovation whilst despising the technological efficiencies in the manufacturing sector which, by definition, lead to job losses is wrong. Equally, blaming banks or Wall St for excessive credit extension, sovereign or otherwise on the basis of deferred repayment, an accepted, modern innovation, is ignorant. These institutions, conduits for our ceaseless material demands, then become scapegoats for greed, not theirs, ours...

Accepting that the fault lies within each of us is an obvious if not painful prerequisite for economic change. Only then can we effectively address 'the system' which is, quite candidly, terminal.