posted on Apr, 19 2009 @ 04:00 PM
No, the American people are in a financial crisis because the ethical maxim that the corporations use ("maximize profits!") has consolidated all the
wealth into the hands of the corporations themselves, their executives, and their investors. What this means is that all the wealth is on Wall Street.
We hopeful capitalists (already in financial crisis) have noticed this, so suddenly everyone wants to invest in the stock market, naively dreaming
that in the stock market there are no losers. In order to meet this demand for investment, something had do be done: a pyramid scheme was created by
the banks and investing firms (again, all in the name of maximization of profit), in which it appeared that there were no losers. Of course, this is
the draw of pyramid schemes: there never appear to be losers. It turns out, though, that when one person has all the wealth, there is no
profit. There is only the ruler with the wealth and the slaves with nothing.
This is why the driving ethical maxim that all businesses seem to espouse today is the fundamental flaw in our economic system. If we maximize profit,
we consolidate all wealth in to the hands of a few, creating a sharp split in classes which widens until the split is absolute. However, once there is
no more profit to be had, it is impossible to maximize profit! This is completely and utterly unsustainable! But the problem is deeply
entrenched. Until we find a way to convince the people who manufacture our goods that profit is not the only thing worth attaining, we will be
attempting to sustain an unsustainable system.
In a normal game of spades, the player with the Ace of Spades spends the whole game looking for a good opportunity to use the Ace. Similarly, the
players without the Ace spend the whole game trying to figure out who has it and when it will come out. If the Ace of Spades isn't even in the deck,
then we will have spent the whole game waiting for the Ace of Spades, but the Ace will never come. Now you might think that what happens in a game of
spades in which the Ace is missing is that whoever would have had the Ace of Spades is now screwed and his team will not make their bid. But this is
all wrong. What really happens is that everything thinks that someone else has the Ace, so they play as if it will eventually come out. But when you
play this way, you save your other high spades so that they don't get trumped by the Ace. Well, when we get to the last trick, and we see three high
spades and a fourth player with an empty hand, we will not discover that one team has won and the other has lost. Not at all! We will realize that
the entire time, the game was nothing but a sham. We will have all squandered our high cards in anticipation of the Ace, and everyone loses
because everyone has just wasted all their efforts.
This is what is happening today in our economic system. The Ace of Spades is the real value of monetary wealth. This value is entirely absent on our
current system. But because no one has it, everyone is looking for it, and they maximize their profits in anticipation of the accruement of real
value. It turns out that the real value is all the other spades in the deck. So our corporations have been wasting resources in their quest for money,
and when the money turns out to be worthless, we find that we have spent absurd amounts of resources, human lives and time trying to find absolute
value in something that only has relative value. Money is not a thing worth having. It is a means to an end. So until the people in charge find a way
to put money back in its appropriate context, corporations will continue to squeeze all the money they can out of us, only to find that it is all just
No, the financial crisis is one symptom among many symptoms (such as student loans) that our current economic system has almost reached its logical
conclusion. The sham hand is nearly ended.
[edit on 19-4-2009 by PriamsPride]