A stochastic, elastic, would-be fantastic blog post

Well, here we go again.  It’s Monday, the start of another (standard) work week, though I know that many people operate on other than a Monday through Friday schedule.

For some places of employment, this makes very good sense.  For instance, hospitals must, if they are to be of use, be open basically all day and night, every day and night, and so there must be people working in them at all hours‒because illness and injury do not know anything about arbitrary human schedules.  Indeed, many injuries and illnesses are more likely to happen when people are off work.

Other places of employment, such as restaurants and the like, get most of their business during non-work hours for other people, because people don’t typically do their office work in restaurants.  There is, of course, lunchtime business (sometimes even for meetings), and many places even see breakfast time business, but people are still not usually eating there while working, at least not when they’re on the clock (independent contractors who do distant work notwithstanding).

Of course, banks are the most traditionally nine to five places of business‒thus the traditional and somewhat disparaging reference to “banker’s hours”‒but really, that has never made much sense to me.  People who work need to go to the bank when they are not at work, if they need to go in person, but banks are open (almost solely) during other people’s working hours.

It’s almost as if banks (long before things like Facebook and Twitter) weren’t actually seeing the ordinary users of their services as their customers; they were the product, or at least, they were the source of the product.

The customers’ savings were the source of the money the banks lent out to others, charging interest for the use of other people’s money, and then as often as not (or more) charging the depositors to keep and use their money as well!  What a racket (SMH).  No wonder people don’t trust bankers.

By comparison, raw capitalism‒or at least, any approximation of free market exchange‒is generous and fair.  That’s by comparison only, mind you.  After all, the basic principle, that of providing goods and/or services in exchange for money that can be used to buy other goods and services, is quite logical.

One problem with this is that advantages in business tend to be self-reinforcing, even if the initial advantage happened randomly.  This can be good in limited amounts‒for instance, a successful business that employs many people is best when stable, so people’s lives can be relatively stable.  But past a certain point, i.e., when it becomes a monopoly, or close to it, a business can become ossified, non-reactive to customers and improvements and changing situations, and this can lead to significant inefficiencies that rob everyone (except perhaps a very limited few) of much opportunity and prosperity.

So, fully unrestrained free markets don’t lead only to good things (though they are very good at creating new wealth and products and innovations).  Like most other such natural-selection-style interactions, they can be brutal and cruel and horribly inefficient at times, and can even readily evolve to extinction.

As for the concept of property ownership (i.e., real estate), that’s a deep thing for primates and many other kinds of mammals and even other kinds of vertebrates and even non-vertebrate multicellular life forms.  The tendency to claim and mark and defend territory predates humans by eons, and makes good biological sense.  Ants claim the space of their hills, and will defend their claimed space to the death, though they did not originate it.  Likewise for bees and wasps, and likewise for baboons and gorillas and chimpanzees and naked house apes.

These are not the only examples of this in nature.  Territoriality is almost ubiquitous, at least among creatures for which it can make any sense at all.  Even plants can have a sort of territoriality.

No one keeps their territory in the long run, of course.  That’s partly because someone else always wants any useful territory.  And useless territory is rarely defended, at least for long.

Usefulness, though, is in the eye (or ear or antenna/pheromone receptor or what have you) of the beholder.  Dead trees were useless for a very long time, until finally fungi evolved to be able to break the dead wood down for resources.  And then, eventually, after many millions of years, even the wood that had died and not been broken down by fungi became coal (some of it did, anyway), which became useful in a different way for those aforementioned naked house apes.

But of course, no new coal is being made, and no new coal has been made since those fungi and other organisms finally evolved the ability to break down wood.

Ah, we’re just scratching the surface now of evolutionary economics, aren’t we?  Alas, we’re coming to the end of a reasonably long and reasonably short blog post, that comparatively narrow Venn diagram overlap.  So, I’ll draw to a close for now.  Perhaps I’ll discuss these subjects further at a later date.  Perhaps I’ll veer into other subjects.  I could make predictions, but even I cannot hope to know for sure what I will write in the future.

I hope the future for all of you‒starting immediately after you read this‒has a continuing, indefinite, “goodward” trend.

Please leave a comment, I'd love to know what you think!