A Jacob's Ladder of Market Libertarianism With Bet-Worthy Economic Simulations of Partial Reality Permutating Monist and Pluralist Contingencies

Rep. Waxman to Greenspan "You found a flaw in the reality?"

Greenspan to Waxman; "A flaw in the model that I perceived is the critical functioning structure that defines how the world works, so to speak."-at a 2008 Congressional hearing

Economic market libertarianism guided government deregulation since the Carter era. That allowed Fama's efficient market hypothesis to become actualized in the financial sector of Wall Street over time.

Theoquantologists could speculate that a divine invisible hand of the free market would optimally allocate resources to feed the poor and deliver health care at lowest cost. Budgeting five seconds annually for responsible thinking about society, the middle class, poor and environment would be a worthwhile investment of sacrificial giving for the new quantitative highest priests of money.

By 2007 more than 35% of Wall Street profits went to the financial sector; a collection of investment banks, hedge funds and trading firms producing nothing at all.

Computerized trading allowed mathematical programs to quantify speed of light transactions making quantitative profits. The presence of mass quantity leveraged trading brought more volatility to the market.

What is the market though? It isn't ancient Athen's Agora. It is the sum total of all of the firms listed on Wall Street and interconnected globally, electronically. Increasingly stock transactions occur in computer circuits without government review-even virtual transactions. What does that mean for the U.S. economy?

Reliance upon quantitative abstract synthetic reality may increase politically and militarily. In Afghanistan quantitative expenditures of billions and billions to purchase occupational compliance paradigmata may be scaled down with alpha and beta geographic tranches in that nation at a third of present troop and contractor costs in order to stabilize the northern tranch alpha and support Afghan remediation of the southern, rebellious beta tranch.

Maybe the quantitative parameters and statistical analytiques will be less than flawless. Perhaps state subsidized small village newspapers with valuable clip coupons will proliferate to offset the raving militancy of the broadcast media. A 19th century Chicago newspaperman and polar explorer got a free newspaper started selling ads. Free newspapers with comics, literacy help, photos and news sections might be popular in the hill country.

The free for all market is an evolution of libertarianism in economics into a survival of the most fit; obviously creation of complexity, virtual corporations and virtual trades exclude ordinary people from any meaningful participation or oversight. The transactions don't get recorded in N.S.A. computers for quantitative analysis of honesty or national security interest.

A vast quant fund-Renaissance Technologies approached a 200 billion dollar Chinese Government owned fund during the 2008 financial meltdown (ref. 'The Quants'. Shouldn't Americans care if The Street sells out to foreign government at least a little?

Free for all markets without regulations reflecting a proprietary democratic popular nationalism may become Darwinian evolutant chimera metaphorically speaking. An evolution of capitalism into an abstract mathematical predation upon material value capital through its listed abstract value is a fairy dumb thing for the U.S. Government to allow to exist.

Some might argue that ideal allocation of capital liquidity is facilitated by the "vast risk management and pricing system" (that "has evolved") "combining the best insights of mathematicians and finance experts supported by major advances in computer and communications technology"-Allan Greenspan to Rep. Waxman. That free for all market did not respond with ideal benevolence to social needs-it crashed taking down much of the U.S. economic health with it. The market is not a practico-inert phenomena corresponding to an efficient market hypothetical object or mathematically representable thing-for-itself organically existing with Brownian randomicity in its behavioral abstract value quantitative labels.

Human social organization without governance may well become chaotic, evolutionary survival of the most ruthless and predatory. Unregulated free markets evolving in some historical circumstances may function well without regulation, while in others the lack of regulation allows the Ghengis Khan of Hedge Fund quants to plunder the populace entirely and perhaps lever government besides. The free market is an abstract representation of competing corporate values that should have some regulation so the corporate and national corresponding things-for-themselves are not adversely trimmed or destroyed at the Wall Street global trading end.

A better capitalist function would be for an evolving corporate solution structure to the needs of each individual citizen realistically. That basic teleology of capitalism would coincide with an ecospheric integration into conservation and care for the being of life on Earth in-itself. Sustainable ecosystems and conservation of biospheric D.N.A. diversity are consistent with an evolving capitalism personalized and integrated with free enterprise individualism demographic utilization of intelligence design.

A free market represents the concatenation of the freedom of citizens to produce and offer for sale goods of their manufacture. The marketplace itself obviously may become an object of sophisticated gangs trimming the marks through a variety of financial instruments made with extreme mathematical complexity.

I wanted to write something about mathematical constructions briefly while on the topic. Why not write programs for computers to construct an infinite number of new mathematical systems, geometries etc? Since a rational and viable new math requires largely self-consistence, a program might be written to experiment with changes to existing systems and make permutations in order to evolve new structures testing each out until a dead end is encountered. A random approach might in time discover viable new extra-dimensional maths even if it started as a completely ordered search.

The market as a target for math genius algorithmic analytical safe cracking was not a basic intention of Adam Smith I would guess. With such levels of safe cracking of the market evolving it is possible that Wall Street quant firms or virtual quant firm hackers might introduce market viruses to halt the market for some purpose unknown.

The Tea Party and Republicans in Congress brought the potential for volatility to The Street once again because of their brinkmanship on federal debt ceiling and budget negotiations. They believed in the market as an existentialist clay every investor should be able to freely sculpt. If each investor and every citizen had their own simulated reality to exist and function in, a pure libertarian political philosophy might be reasonable. In the real world though all citizens must share this one ecosphere and its resources, and defend their own time and equal right for free enterprise work and inventiveness with everyone else in a nation and on the Earth.

There must be regulation of concatenated market structures in order to simulate or support the principle that each individual has his or her own existential reality simulation in which no powerful corporations, distant manipulators or oppressive rulers will interfere. Free enterprise and capital values are not standard, constants or uniform though currency is. Currency and monetary dominated cultures run the risk of extirpating free enterprise values that differ from the zeitgeist. That is, prevailing values may eliminate alternate value developments through inertia of monetary impulse reducing free enterprise diversity comparable paradigmatically to the reduction of biodiversity by an overly successful predator. Global market monoculture may arise from super-predation as well as from super-efficient material resource use.

With just one world keeping absolutely effective free enterprise opportunity firewalls isn't possible. Empirically there are large commons including markets. The markets or commons should not be the channel through which the free enterprise of individuals and capital of persons is expropriated.

If human beings are an intolerant super-predator as a species on Earth destroying all others that they do not find useful for food or amusement, they do not neglect victimizing their own species. The market too is a target of predation. Without sufficient regulation it will be overcome in the usual biological aggression common to protozoa. The use of human intelligence for invention and creative purposes tends to me defeated by the predator drive of organicism of humanity as a super-predator. Capitalism is itself perennially endangered by new methods of predation.

In 2007 thirty-five percent of Wall Street profits went to the financial sector and that makes the real production sector fairly over-exploited. Like the conservation of Alaskan salmon fisheries Wall Street s a free market requires sufficient government regulation to conserve its use as a factor improving the economic circumstances of all Americans.

The financial sector in a healthy economy especially with increased efficiency through computerization should be no more than 10%.