09 March 2011

The back of some very large trucks

A Ponzi scheme takes money from one investor and pays off another without the intermediating schemer adding value of his own. Suppose the original investor is a divine donor, and suppose the schemer was an industrial corporation that claimed all the donor's value to itself without re-circulating the donation to renew and refresh the fund of donation. 
The need to establish a gift exchange economy comes from God's acting with man only through gifts. Those who would use God's providence can only renew His bounty by giving back through gift exchange rather than through market exchange. If we insist only on market exchange then God's natural resources will necessarily by over-consumed and under-priced because they always enter the marketplace as donations rather than as commodities. 
The entire commodity exchange is a sham. Nothing is produced; all that is being traded has been exploited and mined. The value the industrial corporation claims to be delivering is largely the hoarded value that was donated and not reciprocated. That hoarded value is really accounted for as a drawing down of the stock of natural resources without it being replenished. It is the Ponzi schemer who does not bother investing his subscribers' money. 
Those who sell commodities cannot be only in the business of supplying the commodities, they must also be in the business of replenishing the stocks of the commodities they've been extracting. The purchase of commodities for very low prices is really theft from the planet, not unlike the purchase of stolen goods from the back of a truck. The low price is possible on account of the theft, not the efficiency of the retailer or the supplier. When someone buys a hot product his participation in the theft corresponds to the difference between the fair price and the unfair, below-sustainable, market price he paid to the thief. 
Seen thus, every time we go to a Wal-Mart or a Targets department store we are implicated in the theft from the planet and from the laborers the low prices represent. We are buying stolen goods from the back of some very large trucks. 

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