the burden of lost opportunity faces prufrock

what ?

 a zero to negative opportunity cost ???

and yet j alfred quakes with paralysis

dare i set up an infra structure bank ??

dare i task the f kids with gobbling up all the under water mortgages ??

perhaps i'll just eat this peach

free exchange fantasy doesn't yield free markets

free exchange is the sort of sweet  abstraction
 no one can object to
 until they think
" free exchange of gun fire "
                                  perhaps

at any rate libers that slide the goal of free exchange into the notion of markets
as if markets are just spontaneous exchange clusters organized by type
N  products  in (N)(N-1)  markets

oh not barter ??

now we mediate with  a ...money of some sort
a medium of exchange
like war prisoner cigarettes

is that a free medium of exchange ???

the vast interval pof social history that in the end yields todays market system
strikes me as hardly a few randian steps from universal free product exchange eh ??

the fre in free markets simply means no state regulators

just  non state irregulators i guess

warning the prior post contains sinister redactions !!!

"... we must not forget thatThe devastating effects of  Bourgeois  industry  and commerce are only the organic results of the whole system of production as it is now constituted.

Today social  production rests on the supreme rule of capital.

 The centralization of capital is essential to the existence of capital as an independent power.

The destructive influence of that centralization upon the markets of the world does but reveal, in the most gigantic dimensions, the inherent organic laws of political economy now at work in every civilized town.

 The bourgeois period of history has to create the material basis of the new world — on the one hand universal intercourse founded upon the mutual dependency of mankind, and the means of that intercourse; on the other hand the development of the productive powers of man and the transformation of material production into a scientific domination of natural agencies.


 Bourgeois industry and commerce create these material conditions of a new world in the same way as geological revolutions have created the surface of the earth.

When a great social revolution shall have mastered the results of the bourgeois epoch,
 the market of the world and the modern powers of production,
 and subjected them to the common control of the  peoples of this world ,
then only will human progress cease to resemble that hideous, pagan idol, who would not drink the nectar but from the skulls of the slain."

oh the pain the pain !!!

" As of yesterday, the US government could lock in 30-year bonds at a real interest rate of 1.25%. That means that a trillion dollars in extra debt would mean $12.5 billion a year in additional real interest payments."
pk

yes we have barely reached an onerous pub-debt carrying point....err ...delightful  hystrionics aside that is

lot mortgage adjustment mechanisms

 for some reason there is in the owen  meme machine
a obsessive fascination with ground rent as social steering wheel
i'm always  repeating this
prolly since its never clarified in the press
 and yet an adjustable george lot tax and  mortgage  principal adjuster
have  near  universal application
canton china  to canton ohio

  the notion of a lot tax is simple enough and an algorithm to calculate same
certainly construct able
especially an algorithm that adjusted the rate to both local and general conditions
similarly if mortgages were held by some sort of "whole peapole" set of trust funds
the principal values could be adjusted in like fashion
one or both would suffice
 there was a land bank for lot mortgages
then the george tax could be simulated so long as whole people trust held the mortgages
-- sovereign funds  SF's (which are in essence whole people funds)
exist already
so the forms exist
 one simply has to set up SF's that hold all lot mortgages

the key is to make these adjustments automatically and with local variations built in

capitalized ground rent zeroed out of the purchase price by a full george tax would bne better but
a land bank might be easier to use as a sublation device
lot bubbles can't really form
only adjustable ground rents passed thru as adjustable  mortgage payments
recall if set up correctly
the lot mortgage remains in tact till the entire home loan is paid off

nb
home loan rates are always lot mortgage rates plus n basis points
or rather lot rates are home loan  rates less n basis  points

always be clear about
home loan rates versus home... loam rates ..eh sherman ???

re industrialization news

here's a check list


"Costs of labor and commodities are rising on the Chinese coasts, as workers demand higher pay
. If companies move further inland to poorer areas, they hike their logistics costs."

whast makes this mean "back to amerika "


' In most of the world, the dollar is worth 25 percent less than three years ago, and in China 5 percent less."

what suggests manged currency games are over in emerging production platforms...other then
among  the east asian aces

"Shipping costs are increasing because of rising energy costs."

now that has absolute status
but is it enough ?? is it solid ??
what goes up can go back down
hell its the oil business

"Companies fear that in China they’ll lose their intellectual property to spin-off competitors."

clever point

"Some consumers prefer an American-made product. "
put a number on that preference
and maybe it ain't enough even in combo with transport costs
and IP theft

"The U.S. has an abundance of skilled but unemployed workers. "
that only suggests we are headed for lower relative wage rates
been there done that and still the flight continues

"And U.S. wages are stagnant or even falling. "

see above... and.... spit into a strong wind