25 January 2007

The Feudal Economy

I believe that the actual economy is composed by two types of relations: balanced exchanges, where both parties have the same power to refuse or accept the transaction; and predation, where one party is in the position to impose the transaction onto the other party. Predation, compensed by charity, is the typical feudal relation (cf. Marc Bloch, The Feudal Society). Balanced exchange has been put in place with the industrial society at the beginning of the 18th century. Predation didn't disappear at this time - the mafia is a feudal organization - but it was in the industrial economy an archaïc remnant. But it is coming back with the automated and computerized economy which founds the actual technic system and in which risk and violence, both extreme, goes in pair (cf. my work "E-conomie" and also F.-X. Verschave, Noir Silence). Therefore, the economy has divided itself in two parts, one working under the balanced exchange regime, and the other under the predation regime. Shakespeare's heroes are coming back! The interface between these two parts is money-laundering, which allows the results of predation to enter the "normal" and legal circuit. Thereby, predators can acquire influence (control of the media and, through them, governments), prestige and honorability; thus bankers, politicians and magistrates that the predators have bought may enjoy in complete tranquillity the fruits of corruption... This, and not the First Employment Contract, should have provoked the demonstrations! But, as you say, the media are what predators control the best". [1] - Michel Volle

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