THE REAL MARKET
The relationship between the business capitalist and labour is profit; the relationship between labour and consumer is the market. In order to sustain profit the market must be stable, in order to stabilise the market, the product must serve an objective purpose in the organisation of the market or society. That means the capitalist needs a stable market in order to sustain a profitable enterprise. Notice the product not only serves to make a profit but also a means to an objective outcome for society. This social value will last longer than its monetary counterpart in the abstract world - the rock against the storm.
The relationship between the business capitalist and labour is profit. This relationship is determined by the rise and fall of profits; the more the demand the greater the consumer needs and necessarily for labour. But this relationship barely exists in the age of technology where production is mainly conducted by robots. Thus the relationship between capitalist and robots is extreme profit, but the relationship between robots and consumer does not equal to a market. An oversupply may result with redundancies in a time when labour is needed to sustain the market.
The relationship between labour and consumer is the market. For the capitalist to sustain a profit, the product must sustain a purpose contributed to the organisation of the market. For any material aspect validated to form a relationship, the connection must sustain an objective purpose towards the order of society. When society is stabilised, the market is sustained and hence production. And there is plenty of production serving a function or purpose in the organisation of the society. There's energy, food, transport, clothing, farming, fishing and so on based on human need. There are also entertainment and fun for enjoyment.
For energy to be serving a valid purpose, the unintended consequences including waste and pollution and their social consequences on human lives must cost less than profit. If the cost to the environment and human lives is greater than profit, then that form of energy is not valid and there is no relationship. Rather that energy form is classified in the subjective category.
There is enough evidence to put beyond doubt that subjective means of economic productions accumulate greater consequences to overwhelm any profit or surplus. For example, alcohol and drug laws saw a rise in young person's addictions and mental illness, highlighted by record number of alcohol deaths, increase in teen pregnancy and abortion, as well as alcohol related accidents and crime. The consequences of climate change accumulate millions if not billions to wash away any profit and more likely to increase debts and deficits. The recent document by TV 3 on 23 November 2011 on 'Inside New Zealand' series featuring a report by Bryan Bruce on 'Inside Poverty' where preventable disease epidemics among children costs more in the long run when they become adults if they survive, when Housing could have been warmer and suitable for large families. But the social maintenance is achieved by economic profit when for example alternative energy replaces oil burning fuel; the awareness of which (a social value) stabilises the market.
It merely demonstrates variants of relationships between society and production where social behaviour in different cultures are all elementary to the market. After all, the product must serve an objective purpose in the organisation of society.
Then there is a global external force in share holders and investors who make up multinationals and private corporations. They convert the real economy by projecting stock into profit in an abstract layer of trading values to expand profit in a stock market. And by doing so, they bring into calculations the difference between national monetary difference and necessarily branding status or national labour status. Production from third worlds is almost always inferior to products from the first world, unless it was raw uranium or other minerals. Added to this is the nature of political economy characterised by currency wars. This front is offset by the media on targeting competitors by blaming another for a downward trend in own market. It is easier to blame than to credit in the close network of the global economy.
In this abstract version of the market, the PM of New Zealand reported on BBC News that he cannot understand why there is a record exodus trend of New Zealanders to Australia when New Zealand's economy is growing faster than Australia's! I don't know about that but in the nature of this abstract market, it matters what leaders say as the subjective aspect can affect interests therefore trends. But the exodus trend highlights unemployment due to the lack of a real market.
This abstract market depends on a real market, but does not take into account any relationships between consumers and profits. Instead it depends on technology to deliver a subjective economy based on projected differences and fluctuations of supply and demand. But how can it depends on supply and demand without a real market follows for the most part on the performance of aggressive sale by advertisements, call centres, workshops and so on, and may be all done without exchanging any real money or products.
The social relations of a subjective market are also subjective. That means information exchanged in terms of production and market is largely subjective, ambiguous, and could be misleading. To generate economic productivity a media campaign promotes own interests by attacking oppositions and competitors based on their nationals, culture, religion, labour status, monetary values and along with smearing campaigns of personnel. I think they used to refer to this as 'when the mud hits the fan we'd all be mired in dirt'. Well it's euphemism for some meaty slang but there it goes.
While there is a real economy to base the abstract layer, economists among politicians have travelled over the edge to expand the subjective realm. My article on the Elements suggests a correlation between nothingness and objective reality using the principle mode. It is adherence to a standard and shared practice that quantifies the subjective into being. Failure to materialise the subjective gives rise to subjective consumer behaviour. And we need stable minds to slow this down a bit before someone raises a war based on a delusional premise.
Because of the expensive consequences of subjective economies and their temporary used by date nature, it will be revealed that an objective economy is more proficient as it maintains moderate social relations and peace. The social value that serves to stabilise the economy is a fundamental purpose of profit production. And this reinforces the fact that there is no economy without society. That nullifies the traditional conflict between the private sector and the public sector for business cannot survive without the worker, the same time the economy cannot survive without a market. Simply, the individual cannot survive without society. It is not short term boost to the economy, but long term stability that gets it going.