When monopoly criticizes monopoly

You can’t make this stuff up. The appearances drip with paradox…seeming contradiction. Reason, repelled by contradiction, swoons. The passions on the other hand are not so hard pressed. Passion finds it easy to express the following: “I declare the absolute property rights that make possible my demand for the involuntary confiscation of your property” or “justice is injustice”.

There is no way that I will direct readers of Puritanical Libertarianism to the source of this contradiction, but take this as a initial summary of the “finding” (you can’t find a contradiction…it isn’t real).

“The concentration of market power in a handful of companies lies behind several disturbing trends in the U.S. economy, like the deepening of inequality and financial instability, two Federal Reserve Board economists say in a new paper.” (accessed 8/20/20)

So let me get this straight. He who has monopoly currency power in which he is given the right to direct interest rates, fiat paper printing, and thus the value in the bank accounts of any of the rest of us that are not allowed to compete in the production of currency, has said that monopoly is hurting America.

The monopoly has said that monopoly is deepening inequality and financial stability.

The monopoly has condemned itself in public to applause.

He who has the most extensive non-competitive service provision power has asserted that non-competitive service provision power is bad.

You can’t make this stuff up. These are the times we are living in. Reason, which is that power we have for accessing reality, will not allow this appearance to last into the category of reality. But it is quite astonishing how long non-reality can appear to persist. This is evidence of the unruly, untrained causality of passion toward domination.

On a more local level I continue to be hungry when no calories are necessary for the continued support of my daily work. I will focus on regulation, restraint and rule in the one part of the world where I have dominion.


Published by Purilib

Anonymously interested in grasping the good life.

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