“Sheer” Waste?

When it comes to public service, we always hear about “waste” of public funds. But we could well go the extra mile and say there is no such a thing as “waste”: if we define waste as a loss without any gain, then the truth is that such a thing as a waste of resources may even exist, but certainly such a thing as a waste of funds does not exist at all. Indeed any “waste” implies that some take a loss. It’s just a marginal note that the same “waste” implies that some profit – someone else.

Let us have a look at an example by comparison. The mainstream media apply a constant pressure to manipulate us into believing that the fates of us all are decided upon the altar called stock exchange, where from time to time human sacrifices are required by unknowable gods, so let’s shed some light between sacrifices and losses. A farmer has a barn full of hay, and a fire destroys it: no more barn, no more hay. This is the basis for comparison outside the stock exchange: that was an actual loss. Then that farmer wants support to rebuild his barn, so he writes on a piece of paper “I owe you half my next harvest” and brings it to the stock exchange, where he sells it to Mr. A for 100 units of medium of payment. 100 units from Mr. A to the farmer, an IOU (acronym of I Owe You) from the farmer to Mr. A. To keep it simple let’s say the farmer now leaves carrying his 100 units, commits himself to rebuilding his barn and forgets about the stock exchange. As to us, we stay in the stock exchange to see what happens; we do not question herein about the causes, but we know prices here do fluctuate. Forgive the overstated differences, for sake of clarity, and here we go: Mr. A sells that IOU to Mr. B for 200 units. Mr. A’s profit is certain, Mr. B’s bargain is questionable. Then Mr. B sells that IOU to Mr. C for 500 units. Again, Mr. B’s profit is certain, while Mr. C’s bargain is questionable. And then guess what? Something happens so that the value of that IOU collapses, so Mr. C decides to sell it to Mr. A for 10 units. The mainstream media hail that collapse as a loss, and tell us a fire at the stock exchange has taken away the barn of poor Mr. C.

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The time to tell the mainstream media to take their constant pressure and shove it, look with your own eyes and draw the real profit and loss account, is now. So, what did take place, actually? Considering the stock exchange as a single entity, there was an exchange with the farmer: 100 units in exchange for the IOU. This said, what did take place within the stock exchange? Mr. C lost 490 units of purchasing power, 190 of them were profited by Mr. A, 300 of them were profited by Mr. B. What actual products, what survival factors were transferred from Mr. A and Mr. B to Mr. C in exchange for that? I’ll leave up to you to answer this question. And just in passing I’ll leave up to you the answer to another question, too: whether those mainstream media are in good or bad faith, innocently unaware or plain guilty. Fire! Fire!, they yell; but wealth does not get “burned”, it gets stolen: it is merely transferred to speculators. And the robbed and the onlookers pay heed to them, instead of just looking. As if they were hypnotized.

This is stock exchange, trading, finance: a chain letter about purchasing power, a Ponzi scheme, a pyramid scheme. It’s a fixed gambling with a fixed sucker: you.
You think fluctuations of prices ensue from the actual fates of their issuer – the issuer goes well, its IOUs’ prices raise, and the other way around? You’ve just inverted cause and effect: someone has the means to raise or drop the prices of its IOUs in the market, or to influence the market around the issuer, or to control key points within the issuer to let it follow an altered trajectory, and this as a result will influence the fates of the issuer.
You think it’s genuine gambling whose randomness is undisturbed? Same answer: do you think you may be allowed to know how deep and wide someone can reach?
You think it’s fixed gambling but you think you’re smart enough to go back upstream through the cracks? You won’t have cracks to go back upstream when the charges in the dam will be set off.

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Public contracts are another good example: when the mainstream media feed us the small fry to keep us oblivious of the big fishes, we’re outraged by bribery of politicians and public officials, as we observe how the basic purpose of them all as public servants is bribe. Afraid this is true for the small fry only, though: big fishes have far more sinister plans. Regardless of the size of fishes, though, the bribe is but the tip of the iceberg. If as citizens we’re outraged by the crimes of our traitorous employees, what about the real order of magnitude of those crimes? If we’re outraged by one unit of purchasing power of bribe, then what about one million or one thousand million units of corresponding damage?
Sometimes bribes buy what one would be entitled to, the case where politicians and public servants extort them to perform what is their duty in the first place; in such cases the briber is a victim and the society suffers from both the theft and the bottleneck strangling it.
But more often bribes buy what one would not at all be entitled to – and steal it from those legitimately entitled to it –, which is the other case, where politicians and public servants agree upon the bribe to betray their duty; in such cases the briber is the accomplice, if not the instigator, and the society suffers from a far greater theft and damage: the bottleneck breaks and drowns society in a flood of poison. Whether it’s useless stationery, faulty machinery, crumbling buildings, polluting or selling off vital resources, the real order of magnitude of the damage of Judas’ betrayal is not just those thirty dinar, but the full scope of the consequences of the betrayal of Jesus. A betrayer is a threat far greater than his or her meanness.

By the way, there’s also another, perhaps less intuitive and self−evident, facet of the damage: the “wasted” resources might be used for something ethical, productive, useful. Where there is damage, there might be benefit – the damage steals the benefit its seat. As a rule of thumb, this even doubles the full scope of the damage, which amounts to the damage suffered plus the lost benefit.

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But the point here is whether within that full scale damage there is only “sheer” waste. A supplier bribes and supplies loads of useless garbage doomed to the shredder; while we bear the cost of storing and shredding it, where did the funds “wasted” to buy it end up? Other suppliers bribe and supply faulty, dangerous, useless, awful machinery, buildings, etc.; while we bear the costs of casualties, of eyesores and scraps wasting and degrading parts of our world in lieu of useful and needed products, of honest competitors thrust out of business while the crooks dump the costs of their dishonesty on the social fabric, where did the funds “wasted” to buy them end up?

Once again, wealth does not get “burned”, it gets stolen: merely transferred from hypnotized robbed honest people to crooks. It’s worth repeating here that the fundamental purpose of both totalitarian and formally democratic governments alike under the control of moneypulators is being the mere and effective squandering tool to cave countries and peoples in their infinite debt traps. And it’s worth repeating here as well that every minute apparently wasted in confusion, conflicts and wrong problems is not “wasted” at all; it’s actually a minute of this relentless operation.

Because then the next question – or another facet of the same question as it grows bigger, you may say – is: ok, there are crooks that “waste” funds into the pockets of themselves and their accomplices but… where did the “wasted” funds come from? We know the basic aim of some politicians and public officials is bribe, we know that bribe is a negligible percentage of the totality of “wasted” funds, so to appease the greed of such crooks the amount of “waste” has to be huge, isn’t it? Couldn’t it be the case that all that comes from tax income were not huge enough? And what ensues when one’s outgo exceeds one’s income? Debt. Ok, then the squanderer and the supplier are in the same crime syndicate but… what if the lender were part of it, too, as the main beneficiary?

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What are, after all, their respective personal profits? Public inefficiency is way much profitable for the puppeteers than it is for the puppets: while puppets indulge with mere fatting up, meanwhile behind the scenes puppeteers increase their power to turn others into puppets. And their overall ownership and control of the whole puppet theatre – audience included –, isn’t it? A difference between puppeteers and puppets is that puppets have a weakness for the glitter of crumb within their reach. Puppeteers don’t; they can and do pursue more vast plans.

Democracy, squandering, debt, wealth “transfer”, purchasing power robbery. At this point democracy exploited as a Trojan horse means people get robbed not just once but many times, and of the same loot. First, with debt money people get robbed by puppeteers of what belongs to them in the first place; second, with the squandering they get robbed by profiteers pocketing what’s “squandered”; third, they get trapped in the debt to the puppeteers generated by the squandering. Rule of thumb, robbed three times in a row of what was their own in the first place.

Anyway, in specifically quantitative terms, the worse the country is managed, the more all of them profit from it. Therefore, if we think inefficiency, waste and bribery are great wrongs at this sort of ordinary, day to day swindle level, well, this is not limited to it: we’re just warming up, the best is yet to come. Because this transcends into the extraordinary: not only circumscribed crises, national crises, but supranational crises, global crises, too. Perhaps mismanagement stems from humanoid ineptitude, but it’s quite likely to be then turned into a fine art, while every stolen unit of money ending up in the banker’s pockets just makes the whole spiral bigger and faster. I’ll leave to you the interesting exercise of following the scheme as time goes by, and assessing the evolution of the ratio between the wealth, assets and purchasing power, of the banker and those of the whole society.

In the meantime, let’s widen the scope by focusing on an even deeper level of the foundations underpinning all of the moneypulators’ crimes, not only those perpetrated by hijacking the public sector of economy and society.