The Perverted Political-Economy of the Per-Capita Nominal Paradigm
The Perverted Political-Economy of the Per-Capita Nominal Paradigm GangaPrasad Rao Energy, Environmental and Mineral Economist gpao64.blogspot.com gprasadrao.blogspot.com gprasadrao@hotmail.com Writing about the per-capita paradigm is like conversing about the weather. It is so commonplace and unpopular that talking beer might evoke more interest. The per-capita is all around us; it’s what sustains the nominal expansion, and it isn’t at all personally inconvenient - certainly not as inconvenient as the not-so-cool early mornin’ breeze! But what about the unholy nexus between the per-capita nominal paradigm and the democratically-elected political government? Does one feed off the other? Are they necessary and essential to each other - each providing a cover to the other when accused of causing externalities in the Real? Yes, Yes, and YES ! The per-capita paradigm - a darling of nominal capitalists who aggrandize in the capital markets from benchmarking egalitarian lifestyles to per...