The intricate dance within a romantic relationship can be compared to the efforts of economists struggling to contain erratic market fluctuations. In either situation, the party that responds to the sweeping changes taking place in his counterpart will find himself on the losing side, forever racing to keep up, forever implementing new methods to bring to heel the unfathomable maelstrom he thinks he has the capacity to control. Whether this unfathomable maelstrom be the mind of a woman or the global crude-oil market, the economist, an outside observer inherently blind to the vast and incalculable influences that shape the mood of his counterpart, will enact measures he hopes will soothe the fury of that which he holds dear, often sacrificing long-term stability for the brief elation of short-term gain.
I have learned one thing about relationships, one truth I have had to relearn time and again: the less you try to control your counterpart, the better off you both will be. When done with patient persistence, attempts to fathom your lover and to steer him in a direction you think best can indeed effect change; the nature of this change, however, will likely range from intensive introspection, over increased volatility, culminating in full-blown systemic meltdown. It is impossible to predict accurately how your counterpart will react to the pressures you have applied – any action will have an appropriate and equal reaction, but its full scope will forever remain known only to the reactive party.
Imagine for a moment your closest friend, the innumerable events and countless little decisions that helped to mold him into the person you (think you) know today, the environmental and gentic forces that influence continuously the shaping of his being. Now imagine hundreds, thousands, millions of individuals of similar complexity who by going about their daily rounds become what we call markets, with every act shifting the fortunes of various businesses, with each transaction affecting the cycles of supply and demand, their every decision impacting and being impacted upon by unique and innumerable forces. It is all but impossible to know the mind of your closest friend – how could anyone claim to know the minds of thousands of strangers in thousands of different locations across the globe?
Controlling your lover is a Sisyphean struggle full of complications that subside one day only to reappear the next, a cruel practice that will gut your lover's soul, leaving behind a mindless and docile golem content to do your bidding, within her no room for independent thought, no capacity for abiding Happiness, the dark promise of future abuse her only constant. The controlling lover exhibits deep insecurity and persistent self-loathing every time he endeavors to bend another to his will; the controlling economist exhibits appalling arrogance and damnable small-mindedness every time she endeavors to shape the course of markets influenced by forces far beyond her ability to reckon.
Just as in dating, attempts to control the market are bound to cause unforeseen complications, new trials that slither forth from the stumps of those just severed, new issues that reduce the economist to the point of mindless docility, her energies sapped by the despair that comes with the realization that, as a single piece of an enormous, shifting puzzle, her actions are unlikely to have the desired affect. In a romantic relationship, the supposedly dominant party can achieve an approximation of control, whereas in the economic arena, a market will defy all attempts at subjugation, the sheer number of influencing factors contributing to its enduring volatility.
Every economic theory, be it that of John Keynes or Adam Smith, Milton Friedman or Joan Robinson, has proven incapable of condensing the markets into manageable and predictable entities – invariably, each falls short of stabilizing that which cannot be stabilized, causing long term damage greater than the short term benefits with which it is credited. In the romantic as well as in the economic relationship, the method that promises the greatest liberty to the individual is that which disposes of all restrictions on thought and deed, the one that allows for the unfettered fluctuation of markets, the one preferred by humanity since we stood upright and learned to use our thumbs: anarcho-capitalism.
Ultima Ratio Regum - 場黑麥 John Paul Roggenkamp
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