Markets are simply the only means of preserving asymmetry and removing asymmetry of power and information. Courts are the only means of preserving asymmetry of warranty of performance.

I don’t think markets are subordinate to hierarchy in any sense other than I think that they themselves prohibit hierarchy by permitting the meritocratic rise and fall of the classes by means of DEMONSTRATED ACTIONS.

I don’t think a market for commons divided by the classes of production is a hierarchy, it is just a means of recognizing the forms of production that the meritocratic families have managed to produce and hold onto: families, business, enterprises, territories, and monarchy.

The fact that there is greater SCALE OF MERIT in each class is simply a fact of the market operating to ensure that we demonstrate the greatest rotation and maintain the families businesses, enterprises, and institutions, with the greatest merit.

Advertisements