the promotion of academic vogue models on the catwalk of financial survival|
Economics is the financial showplace where the latest offerings from a favoured fashion house are paraded.
It is the art of promoting the latest trend-setting school of vogue
and advising on how to manipulate the means of production, the price of materials
and whether the hemline of bill-rates should be adjusted up or down.
Prophetic suggestions are offered as to which points of interest should become fashionable and exposed in order to keep
abreast of the market climate.
Each season, the economists fashion their latest wardrobe, and then stage a showing which walks all over the sources of
food, goods and services, whilst maintaining the basis of their expedient justifications in either clouds, bubbles, or urban fantasy.
Hierarchical pyramid structures are perennial favourites amongst the designers.
In a similar manner to the operation of pyramid sales schemes, individuals participating in the lower levels are incorporated
into the model, either as essentially unpaid slaves or subsistence wage workers, so that they can be effectively exploited by the
upper flight-levels of an efficiently indifferent organizational structure.
The upper levels of the pyramid attract the intrinsically esurient who progressively acquire elevated delusions of
their status and worth and manipulate the flow of resources in the structure so that greater and greater proportions of
the generated wealth accumulate higher and higher into their stratosphere of indispensability.
Economics should be constrained by most of the considerations relevant to all the other human social projects, systems
Whenever any of these organized social endeavours fail, then the designers must be made accountable in some form or another.
If it is a bridge that fails and causes the death of citizens, then there needs to be an analysis of the circumstances and
censure or penalty imposed upon the constructors if incompetence is indicated.
If the system of crop production fails and there are food shortages as a consequence... because of inadequacies on the
part of those responsible for it... then they should probably not be allowed another opportunity to mess things up.
Similarly, if economic models are created whose simplifications
ignore the chaotic uncertainties of existence, there
should be no absolution for the culpable economists when their system collapses.
Rewards and bail-outs are not given to engineers whose buildings collapse so neither should economists receive
forgiveness and compensation.
Extra food is not allocated to the officials responsible for the latest famine because of their agricultural ignorance.
Much economic activity is conducted in an environment that is nothing more nor less than a sophisticated casino.
Oblivious and unconcerned with the financial needs of commercial trade and enterprise, hosts of parasitic speculators,
corporate and individual, gamble with financial credits in an attempt to obtain gains via the daily
vicissitudes of perceived value.
When they succeed significantly they expect adulation and reward.
When they fail catastrophically, they expect compensation from the core socio-economic substructure.
Whilst economic models may be just as necessary as engineering or horticultural models to the continuation of
human social development,
failed economic organizations should receive the same censure and penalties as
the engineering organizations whose constructions collapse,
or horticultural organizations whose production fails.