Wednesday, July 6, 2016

The Party of Foregone Conclusions

With the financialization of everything it's easy to see the tail and the dog and what is wagging what. Increasingly financial interests represent the ends and not the means, an inversion of the logical order of things.

Similarly the people who support corporations at the expense of everything else oppose the use of common sense and reason at the outset with respect to everything else, knowing that the results will not please them.

Imagine a Republican study group concluding that tax cuts are not a good idea. It's not possible because tax cuts are an article of faith for them. They start with conclusions and work backwards. That is rationalization. 

Reasoning requires an open mind or, at least, the absence of extreme, impenetrable prejudice. In financialization there is no investment but only financial interest since the "investors" play the averages, à la ENRON. 

Consider Mitt Romney. The businesses acquired or co-oped by the capitalists are impersonal and dehumanized things. Jobs and productivity aren't relevant, only short-term financial gain. They are like the neocons in Iraq. 

They can walk away from a mistake without consequences because the system has evolved to serve only their benefit, insuring them and insulating them from repercussions, supposedly to promote risk-taking.

The opposite is the case. They hate risk and want a sure thing. It's a case of rationalization but this is the Republican way. Conclusions are determined in advance, foregone, and based only on their self-interest.

No comments:

Post a Comment