Let’s name this monetary system what it truly is: the MetaPerverse, a conjured world of self-serving cons.
We reside in a peculiar juncture of historical past wherein reality has been banished as a menace to the maximization of personal achieve, i.e. the hyper-pursuit of self-interest. Proof that helps a causal chain has been changed by cherry-picked knowledge that helps a self-serving narrative: each the proof and narrative are manufactured to serve the pursuits of the few on the expense of the various.
On this juncture of historical past, proof is well disputed as a result of the method of producing self-serving proof has been perfected. Certainly, self-serving proof is now a commodity which might be bought wholesale: rig the pattern measurement, therapeutic massage the info statistically, conjure up a context that serves to border the proof in a slippery self-interested style, omit disinterested proof and contexts, high with arcane math and voila, proof and narrative are introduced as “info” slightly than what they are surely, an elaborate, well-staged con designed to maximise the personal positive aspects of the few by exploiting the various.
Organizing all the system to serve the pathological greed of the few is finest served by devaluing reality to mere opinion and causal chains to mere narratives. On this juncture of historical past, reality has been revealed as a chimera; there may be solely opinion, and all opinions are equal. Opinions are beliefs, and all beliefs are equal. All narratives are equal. All questions boil right down to values: values are all equally indifferent, free-floating and of the identical worth: zero.
This con has reached perfection in our monetary system, which is now optimized for exploitation and sociopaths. As Nassim Taleb has defined (referencing Adam Smith), markets solely operate if there are guidelines that are imposed equally on all members. In our monetary system, there are two units of guidelines: one which we will summarize as something goes for the super-wealthy and the well-connected, and one other set for everybody else.
Shear the sheep of billions, pay a modest high-quality–and if all of your bets go dangerous, get bailed out since you’re too vital to fail. Sneak just a few thousand out of the credit score union, go to jail. Promote a monetary product that’s designed to go bust as low-risk, oh properly, purchaser beware, haha, that’s simply the free market at work. Promote a nickel bag of medication, get a tenner within the Gulag.
Two units of guidelines: one simulacrum of guidelines for the wealthy–simply one other con, actually–and punitive guidelines for everybody else.
Since proof, causal chains and values have all been devalued, there isn’t a longer any recognition that the will for achieve–greed–might be both exploitive or helpful to the various. In case your greed drives you to make a product that’s sooner, higher, cheaper, extra sturdy and environment friendly than what’s presently out there, your achieve is the results of an advance that serves the pursuits of the various.
In case your need for achieve leads you to misrepresent a shoddy product designed to fail (subprime mortgages, Landfill Economic system merchandise) otherwise you increase the value as a result of you may, your greed serves your pursuits on the expense of the various. That is the acme of exploitation. Kleptocrats and sociopaths, rejoice!
This technique is optimized for exploitation, because the exploiters can exploit the various with out the various even recognizing they’ve been stripmined. We not have the means to distinguish fraud from reality or exploitation from rules-based markets.
This panorama of wide-open exploitation and debauchery is Heaven on Earth for sociopaths who not solely don’t see any distinction between positive aspects skimmed at others’ expense and positive aspects earned by offering a superior product / service, they enjoy exploiting the system and each participant: staff, companions, suppliers, depositors, debtors and clients.
However on this desert of exploitation and the supremacy of self-interest, some issues stay true and others stay false. Some truths stay self-evident. As I’ve proven right here many instances, we will have a look at the hourly wages and price of necessities in 1980, 1990, 2000, 2010 and the current and calculate what number of hours of labor it took to pay for necessities reminiscent of lease, property taxes, healthcare, childcare, taxes, schooling, and so forth. These calculations reveal that the buying energy of wages has declined for many years. This proof can’t be made to fade by declaring it opinion, perception or a “totally different set of values”–it’s reality.
If we measure prosperity by how a lot labor can purchase, all however the high few wage earners are much less affluent right now. The proof and causal chain are self-evident. The self-interested few who’ve reaped the overwhelming majority of the financial system’s positive aspects can rent shills to argue that since TVs now require fewer hours of labor to purchase, we’re all higher off, however these obfuscations are nothing greater than distractions designed to divert our consideration from the mechanisms of exploitation which can be working 24/7 beneath the ceaseless churn of “information” and “market motion.”
Let’s name this monetary system what it truly is: the MetaPerverse, a conjured world of self-serving cons that’s optimized for exploitation, the perversion of justice, infinite inequality and the stripmining of the various to the good thing about the few, all securely protected by a cloud of confusion wherein every thing is equally worthless and reality not exists. All that continues to be is a babble of competing cons.