Friday, November 28, 2008

On the Generation of Wealth and Prosperity V: The Free Market

MARKET FORCES are those diverse trends, some subtle, some obvious, that create cyclic patterns of complex weather which drives the prevailing climates of uncertainties affecting the common market.

Market forces are driven by the subjectivity of human necessity and is expressive of the disparate and manifold needs of a particular national community in the context of the needs of other national communities.

The complex relationships that exists between nations and the dynamic, inter-dependent nature of their common markets in real-time create uncertainty.

The subjectivity of the interpretive will that drive the necessary business initiatives within these market relationships inescapably create a fluctuating sense of perceived necessities significantly different from actual demand which drive the risks that are inherent to the processes organic to the common market.

Because the uncertainty of market forces is driven exclusively by the subjectivity of the common market itself, the necessary risk mitigation that opens the way to enterprise involves that every nation-state be able to externalize the nature and objectify the process of their common market.

The specific nature of the common market once established in general by the national community readily applies itself in particular to the prevailing economy that regulate the processes of trade and systems of taxation which in turn advance the commonwealth of the nation-state by degrees improvements are made to the commonweal.

The degree and distinction by which either nation or state exercise their necessary stewardship over the common market exactly define the specific economy which that particular endeavor of Country shall adopt in the attempt to advance the cause of its inception.

In a free market economy both nation and state attains to stewardship vs. ownership of the commonweal and to initiative vs. control of the common market.

The concept of stewardship in the context of the commonweal preserves the original intention of the commonweal in the context of the common community and that is common ownership of the good as a whole.

It is acknowledged and understood that stewardship of the commonweal requires ownership of nothing but the responsibility to serve that is a common belonging that we share as human beings.

Thus, stewardship of the commonweal recognizes and understands that all forms of ownership in this world are never permanent but temporary in their scope, being perceived in the absolute sense that all the things of this world ultimately belong only to this world, and that our responsible belongings are to the commonweal and to the life of our shared humanity.

Now, the free market is an economy determined and established in the commonweal.

And authentic entrepreneurship is stewardship of the commonweal.

For the goal of true enterprise is to improve on the reality of its own worth as a good integral to the commonweal.

Therefore, profit is not the end-result product of true enterprise but a means to advance the company good; to mitigate risk, recoup costs, overtake expenses, improve the business and ensure that its processes remain relevant in the context of the commonweal.

A free market bereft of authentic entrepreneurship and its vigilance over the truth of the business enterprise loses the foundation of its sense of relevance and economic potency.

For the function of wealth generation is to prosper the commonwealth, and wealth generation is the function of the commonweal.

Wealth generation in a free market economy is not independent of the commonweal, as wealth when it becomes the chosen end-result product of the market processes that are meant to maintain and advance the people become a corrupting and evil influence.

Therefore, wealth generation outside of the relevant context and meaningful perspective of the commonweal holds to no other loyalty but itself and thus, only multiplies the risks inherent not only to any rogue ventures operating in violation to the commonweal but also to the enterprise economy of the businesses that exists as a whole within the whole of the free market system of national initiative and state regulation meant to favor the good and reward the business good.
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Prosper the Peace. Prosper the People.

Sancta Sanctis!

Glory to God in the highest
Adoration to Jesus Christ
Peace to men of good will.

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