Monetary Monopoly in Monopoly Racing: Ubi Maior Minor Cessat
(Ubi maior minor cessat: latin for, literally, “where the greater is there, the lesser ceases.”)
Observing in transparency what is going on in the business world as to who owns what and who owns who, what you glimpse you may call monopoly racing. A kind of races that lacks sportsmanship by nature, also because gang wars, technically speaking, are monopoly races. “Ready, set, go! And may the worst team win…”
Monopolies are suppressive, hence aiming at them is suppressive. And gang wars start between criminals aiming at monopoly, hence gang wars are monopoly races, where monopolies compete and fight in a despicable “mors tua vita mea” war. But things can be worse than that, when at the starting grid of this suppressive race monetary monopoly lines up against the competing monopolies.
Monopolies are suppressives because they are out exchange with society, whose level of survival depends on the contrary on the degree of ethical production and exchange of survival factors: they aim at taking the most out of it and give to it in exchange as little and as worse as possible. Monopolies deprive society of both part of the potential quality and quantity of production the society could express without them, and part of the resources that society without them may have available to develop and produce it. Hence monopolies are social parasites, and both the parasite and the host organism can survive as long as the host organism can support both itself and the parasite. When the degree of parasitism reaches that level, either the necessity level of the host organism is strong enough to make it rise up against the parasite and defeat it, or the host organism dies.
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Not only has monetary monopoly a competitive advantage over other monopolies allowing it to outclass them in the monopoly race, but it can also even stretch the physiological tolerance level of society, thus delaying its physiological reaction, that should trigger when the degree of parasitism reaches the level where the host organism either defeats the parasite or dies, and therefore sinking it more and more deeply into the quicksand of agony.
Two Example Islands will provide us with a compared example in two stages: the monopoly race in stage one, the sabotage of tolerance level in stage two.
Here too, these two stages are here in a logical sequence for sake of clarity, while in reality they may overlap or be mixed in various degrees.
Stage one: on Island A, a monopoly of supply of electricity arises, while on Island B two monopoly arise: the same monopoly of supply of electricity, and a monetary monopoly of creation of money out of nothing.
On Island A, the electricity monopolistic parasite proceeds unchallenged with stealing purchasing power from the people through his thievish margins between his poor product and high prices.
On Island B, the monetary monopolistic parasite uses its competitive advantage of purchasing power out of nothing to engulf the electricity monopolist parasite.
Stage two: on Island A the electricity monopolistic parasite remains, while on Island B only the monetary monopolistic parasite remains.
On Island A, sooner or later the greed of the electricity monopolistic parasite collides with the phyiscal limits of society: the parasitic extortion reaches such a level, in proportion to the vital needs and resources, that the society begins to either explode or implode out of famine and suffocation, and the parasite with it.
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On Island B, when sooner or later the greed of the monetary monopolistic parasite reaches such a level that it collides with the physical limits of society, and famine and suffocation start to light the fuse of social explosion or implosion, the monetary monopolistic parasite creates more money to compensate the increasing scarcity of actual production to seize from society with more purchasing power out of nothing in his hands. This merely worsens the dwindling spirals, both inflationary and social, as it delays the immune reaction of society while it weakens it, thus exacerbating and prolonging its disease and increasings the chances of a fatal outcome.
The physical universe may well be infinite, but for our practical purposes we live in a finite world, where everything at hand, whether abundant or scarce, is a nonetheless finite quantity. Hence society, in survival terms, is a closed system. Thus economics, the science and engineering of survival, has to be circular.
Let’s zoom in and examine it more closely.
Island A: Basically, the electricity monopolistic parasite’s customers are his employees. Indeed, if the island is very populated, not all of its inhabitants will be his employees, but his employees will be the customers of someone else whose employees will be the customers of someone else whose employees will be the customers of the parasite, so in the final analysis we can simplify the equation. The more the parasite squeezes and starves his employees – by lowering their safeguards, their competence, their wages, by firing them, by raising prices and all rhe rest of the repertoire – the less they can pay and the less they buy, and the less income, profits and solvency there are for the parasite. Simple as that. So down and bankrupt the parasite goes with them, while hopefully the society’s immune reaction against him sets in, too.
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Island B: Basically, just like in the case of the electricity monopolistic parasite, the monetary monopolistic parasite’s customers are his employees, and the more he squeezes and starves them, the less they can pay and buy, and the less income, profits and solvency there are for him. Where’s the difference, if any? The monetary monopolistic parasite compensates for the lost income by creating more money out of nothing in his pockets. The employees he’s stripped of their safeguards, competence, savings, fired and reduced to misery won’t buy his products and provide him the income to pay his suppliers? No harm done, the parasite thinks: I’ll print that money myself. So you have production on the decline, and money on the rise, a combination also known as inflation. Inflation? Who cares, the parasite thinks: it is I who own monetary sovereignty, therefore I can always create money in my pockets faster than prices rise, and with it I can continue to buy anything under the sun, including the police and law enforcement officials to protect my properties from that famished rabble.
But as I said, fortunately in a way, for our practical purposes we live in a finite world, hence economy ends up being circular anyway, whether the monetary monopolistic parasite likes it or not, therefore sooner or later he collides with the physical limits of society and, hopefully, with its immune reaction, just like the electricity monopolistic parasite on Island A.
The second difference being, finally, the fraudulent and inflationary purchasing power created out of nothing has eluded the society’s antibodies, hence merely delayed and maybe weakened the immune reaction, and thus prolonged and exacerbated all the downsides, troubles, robbery, damages, sufferings and chances of recovery of people, during and after their agony.