© John M Frazier 2024
This is a three part blog of a contemporary metaphysics of some merit. This first blog covers the assumptions and first principles of that metaphysics. The second blog is the argument for that metaphysics. The third blog extrapolates that metaphysics into the near future. Grab an espresso and read and think. It's not easy going, profound and original, but well worth the effort.
The first metaphorical figure of importance is that of puzzle building. When one is solving a jigsaw puzzle, for instance, there is the incomplete puzzle and various odd shaped pieces. One finds a piece that 'fits' the incomplete puzzle and places it. In so doing the piece is transformed into the incomplete puzzle and by that act modifies the incomplete puzzle. The structure that is the incomplete puzzle is always changing and the process of meaning, of 'fit' to a 'structure' is always shifting. This is the universe of Becoming as a dynamic but Aristotlean in the instant, defining attributes capable of logical analysis. This model building describes the process by which language, thought, and perception model a coincident reality. This is the basis by which this blog comes into being.
To begin at the beginning, the central institution of puzzle building is that of a market. Markets allow the relative valuation of disparate products. With the use of a reliable currency, this allows comparison over time and distance which is the essential calculation of successful trading. If I buy at a certain price at point A with a reliable currency and sell at point B with known transportation costs, will I incur a profit or loss? Functioning markets and reliable currencies allow the rational exercise of arbitrage which is what moves plenty to scarcity in traditional markets or greater utility to lesser utility in post scarcity markets. In this manner markets structure their social surround.
In order for markets to function successfully, especially in what manner of things that they monetize, they must be structured ethically by their social surround. It is an advocate dynamic, a reciprocal structuring dynamic.
Markets allocate resources to talent, not to capital, not to means of production, but to talent. Life essentially reduces uncertainty in its proper operations. Talent is a measure of the capability of the reduction of uncertainty of an economic actor.
Uncertainty is reduced by construction of equilibrium states. Nature tends to equilibrium states. Identifying, constructing, and institutionalizing equilibrium states are a human talent.
Money is a value calculus allowing relative valuation of disparate products in markets over distance and time.
Post-scarcity economics resides in the shift in emphasis from scarcity to utility in the equation, price = scarcity (x) utility, and consequent effects.
Next: The Argument
Do Well and Be Well.
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