Speculative Crisis of Rationality, The Fall of Finance
"deception pass deception inner surface man. With each new crisis, however, it becomes ever more intensely aware of a change that is not a change but rather the intensification of something hidden deep within him. "
In the words of American novelist Henry Miller to be found sense of crisis : it is something deeply ingrained in human beings. In fact, our only be started the point where the very existence vine mail in danger, when the crisis emerges. To better clarify this concept, I will try to show the role of crisis in an area that we all know intimately, and then move to the economic.
When we say 'I am', we affirm being in the discontinuity in relation to it. Each of us is conscious of itself because it can, that is, to distinguish itself from everything else, from everything else. The word, the logos, we can claim this distinction, we can get out of un'indistinta continuity in opposition to it. The reason is clear from the non-reason, rationality and the irrational. Rationality, therefore, distinguishes the human being. But the man is not only reason he loves, is passionate, is moved. These components of man are not simply irrational, like the animal instincts, because they tend to non-rational basis of reason, we could say that they go beyond reason, beyond that. The human being is a being so diverse, with a component of another over-rational and rational. But what if man forgets its heterogeneous nature, believing that pure rationality? This neglect exists in a certain interpretation of the words of Descartes and currents that are based on this. "Cogito ergo sum": if it is to cogitate, What happens to all that is beyond thought, and of its origin? The reason, in itself, is mere calculation. It only makes sense if it is oriented to a purpose that transcends it and that is located in the heterogeneity of the human essence. The man uses reason to act on the world, with the aim being, to realize one's being. The moment you close in on itself, without looking at the transcendent goal toward which the man, the reason becomes sterile.
E 'here, when the nature of man is forgotten, comes in the crisis. The crisis is the crisis of reason, it puts in front of the rationality of the vacuum effect. The crisis is the violence of an inevitable return to the origin and for this reason, frightens but at the same time attracts. Like a black hole draws to itself, to destroy it, the rational structure, forgetting its foundations, was reduced to pure speculation.
same time, in the economic sphere, we can talk about the shift from goods-money-commodities cycle [MDM] the logic of commodity-money-money [DM-D ']. If MDM money and the goods are located at two different levels. Money is the measure that maintains balance in the exchange. The merchant uses the money to exchange, but its end is not the exchange itself. The purpose of this type of exchange and consumption, consumption designed to meet the dual nature of man: food to eat, construction of churches to pray and to play stadiums, libraries for study and infrastructure to communicate, to play in theaters, and so on. The collection is a means of access to the free function of consumption, production is that, ultimately, unproductive. In the logic
DMD 'currency loses its transcendent nature and becomes a commodity among commodities. In the logic of capitalism is the money used to purchase goods which, after being organized, combined, processed and sold shall result in a greater amount of money as the initial (D '> D). At this point the cycle can only start again: the goods / money 's will be exchanged in order to reach a''D> D' and so on, in an endless cycle. It could argue that not all have to be reinvested profits, some of them could be freely consumed, in the sense above. So when it actually happens is the inequality D '> D in a systematic way. If, however, it is systematic, which means that consumption is not free, but rather anchored to a logic that wants to continue the collection through the continued implementation of itself. Once again, the logic forgets its source and loses the sense becoming sterile; finance becomes speculative.
Here begins what the historian Fernand Braudel calls "the autumn of finance". Fall because it overlooks the icy abyss of black hole is the crisis. The speculative financial structure shows its extreme fragility before the emptiness of the sense of crisis, and is pulverized in an instant by the violence that leads back into the depths from which anything arises.
From this brief discussion we can draw some simple conclusions. First, the crisis is the effect of a movement back to the origin. Part of the nature of being human. However, it only occurs when the measure is lost in the moment of existential bewilderment. If this measure is maintained, and with it, does awareness of the heterogeneous nature of being, you can maintain a stable equilibrium. The return movement is at the origin, in this case, institutionalized and can take place within the natural cycle of birth-life-death crisis without it empty of meaning. But what, specifically, to maintain this balance?
In terms of our inner experience does not mean forgetting the diversity, and awareness of the dual nature of man, the rational and the transcendent. In economic terms, it means protection of the institutions that are responsible for maintaining a stable currency, recognizing the role of transcendent measure, and adjust the exchange. Politically, it means attention to the dynamics of public opinion and control, by this, the key institutions of democracy. On the cultural
that, in my view, is that from which even the three previous size, to maintain balance means vigilant scrutiny of the institutions of production, reproduction and distribution of symbolic knowledge.
Dario Pagnoni
d.pagnoni @ hotmail.com
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