@JK_Lundblad (cont.)
—regulators ensuring safety is vital; creating complexity to justify their role is excess
Every role in the ecosystem has value until it exceeds its function
I agree. The right vs left debate is tiring and outmoded. Though I might frame this differently, not deregulators vs regulators, but rentiers vs producers.
In the West, we have allowed the regulators to create a “rentier class” that extracts wealth from the producers. Not that this is not as simple as rich vs poor, the rentier class spans the top and bottom income bands.
@JK_Lundblad By excess I mean when something useful stops serving its purpose and starts serving itself
—landlords providing housing is valuable; hoarding vacant homes to drive scarcity is excess
—corporations innovating is productive; lobbying to kill competition is excess
Everyone’s a producer
and every producer is wired to become a rentier
that’s why regulators exist
and regulators, given time, become rentiers too
It’s an endless loop
build, feed, collapse, rebirth
Life eats itself to survive
and the only real enemy is excess
“Rentiers vs producers” misses the point
The real divide is balance vs excess
Landlords, bureaucrats, corporations, they do create value
but when value turns into greed, systems become parasitic
add parasites always eat their host
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