The Sense of Nonsense

All the ‘Old Hands’ are dying off, what with the Reported Death of Manuel Marulanda today, and the obituary of Dick Martin. FARC will be crippled if Marulanda is dead, but is left to the College School Boys and the Criminals; a genuine Revolutionary Movement for the Poor fought by the Peasants themselves having been lost. Honest fervor has been lost to a Corruption which children may not be able to detect, One in which a Privileged Class is trying to displace the traditional Privileged Class; the Poor left to the same, identical desperation no matter who succeeds, simply enduring the ravages of the Process.

Here is more of the same thing, though Most would not understand the Connection. It proposes an attempt to limit the Market to Those affected by the Market in an immediate way. It may likely fail, as Speculation simply moves its focus offshore, but there is hope for an oversupply of Oil: the Worldwide Recession, combined with the lower growth pattern of the U.S. economy, will join with the Price-suppressed American Consumer Demand for fuel to bring relief. The Fact remains that even if Speculation equals the Demand of Chinese Growth for actual Oil, Storage facilities for that Oil will eventually fill because Oil Producers will maximize their Production under high Pricing, and there is an outsize limit to Storage capitalization.

Robert Frank wrote an excellent article for Student to read. Adam Smith believed that Markets were basically benign, but that there were Exceptions to the Rule. I, on the other hand, believe that no Market can be benign, because of the Capital aggregation function that Markets fulfill. Prices are set not simply to pay for Costs of the Product, but also for Capital formation to create greater amount of similar or alternate Product. In all Cases, the Consumer is paying for more than the Product itself. Excess Capital aggregation practice (Monopoly) charging exorbitant Prices for the Product stands as the rationale for Revolutionary Movements. Denial of this Reality has always brought on the Shooting Wars, though it is not the only reason for War. lgl