Tuesday, September 24, 2024

Buyer's Remorse (Part 5 Caveat Emptor)

Buyer beware... the conclusion of Buyer's Remorse

V. Caveat Emptor


Fifi had managed to procure a side deal
   offering personal protective equipment
His firm had no experience in manufacturing
   yet the profits he saw were indecent
The elders of the Ushers had vouchsafed
   his bonafides and competence
For excessive scrutiny on the contracts
   would betray a lack of confidence

Their scribes and linguists were keenly aware
   about the prevailing tendency
With trend-surfing alacrity, they were obliged
   to watch the mood of the country
The elders navigated the zeitgeist but, in this respect,
   their strategy was crude
For although they disposed of the reins of power,
   they did not create the mood

When in bubble territory, all was permitted
   so long as there was a greater fool
To be left holding worthless assets
   while you calmly counted your new jewels
It was explicit, every man for himself,
   they rather expected collateral damage
But, given that they'd been bailed out repeatedly,
   they felt free to take every advantage

It was a risk worth taking, in extremis
   they'd expect the treasurers to step in and lend freely
And as rule makers, nostrums about high rates or solvency
   would be ignored rather conveniently
As to survival checks for the common folk,
   they’d raise the issue of moral hazard and its specter
And jump up on their high horses,
   loudly bemoaning handouts and welfare in scolding lectures

The Ushers had gone all-in with leverage
   following a high risk strategy
But it turned out that they'd run up
   against a fearsome and capable adversary
The Wan tribe had reserves of strength and discipline
   that caused them to be underestimated
Inscrutable and hard working went the stereotype,
   but their savoir faire was often discounted

They'd paid lip service to the entreaties
   of the vulture capitalists that surrounded them
Opening up at their periphery but, as Ananse and Sika expected,
   they didn't let their guard down
Thus the flow of money would be bound to continue as promised
The possibility of a lucrative payoff would be hard to dismiss

Middlemen in a two-sided network,
   they collected their ample cut and transaction fees
It was now time to move on and,
   as they tallied the profits, they were very pleased
They pitied the Ushers' eminent braintrust
   of high officials with all their degrees
For these last had failed to perform due diligence
   and were now no longer at ease

Indeed the Ushers' soothsayer sounded the cry,
   "Cash, cold cash", and started a lament
As the returns came in and were reconciled,
   the scale of the disaster became apparent
They appealed to the Grand Treasurers
   to step in as buyers of last resort
But were surprised by the bankers' reponse:
"There's no buyer's remorse"
The lesson they were learning
   was that buyer's remorse is a funny thing
At the time that you bought something,
   you might have had some misgivings
But you went ahead, the impulse or the moment,
   for whatever reason, it just felt right
But then you encounter a seller
   who doesn't believe that the customer is always right

Later, you’ve changed your mind,
   and now there's a mountain of regret
Lamentations and suffering,
   but you can't say that you were misled
To turn back the clock and retrace your steps,
   the urge to recapture
Instead you're left rueing
   the wages of your myopic misadventure

...

The folks from the torrid zone stayed silent,
   as ever, they were reactive
Lacking capital, they’d had to keep their heads down
   and didn’t participate in this initiative
Those out of Agona had tried to heed the warnings of the gods
   and follow their advice
Still, many in their ranks found it hard to live this life
   of restraint and quiet sacrifice

The advocates of social living and the mosquito principle
   were faced with a great dilemma
Soul insurance has always needed better public relations,
   if not crises of power
Greed, expediency, and fear mongering
   were the things that moved the political needle
Restraint was a hard sell,
   the temptation was to seize the moment and veer towards the illegal

The gods observed the situation and gathered
   in the private chambers of the Supreme Council
The claims adjuster narrated the many ways
   in which the tribes had ignored his counsel
What with their philandering ways
   and flagrant violations of common decency and more
Heck they had even flouted conventions
   and needlessly initiated another cold war

Nyame and Nyankopon understood that further punishment was warranted
   and quickly gave their blessing
Odomankoma and Asase Yaa wavered (they had a soft spot)
   but saw the virtue of teaching human beings a lesson
The claims adjuster was given leave
   to continue putting humanity through its paces
He promptly unveiled a new variant that combined all the worst traits.
   He was off to the races

"There's a heavy price to pay for wishful thinking
   and this unseemly nostalgia
'Tis quite the pity, but you can't say you weren't warned"
,
   intoned the claims adjuster
"Recall the Angolan proverb,
   a woman who wants a child doesn't sleep in her clothes
It may sound harsh, but what one reaps come harvest time
   depends on what one sows"


Your narrator, an exiled soul from the torrid zone,
   must now take my leave, Dear Reader
And for the last word in this tall tale,
   we have the quip from Ananse the Spider
Caveat emptor foremost,
   then a piece of wisdom on buyer's remorse that never gets old:
The stone that lies at the bottom of the riverbed cannot complain about feeling cold


never too late



Buyer's Remorse, a playlist


A soundtrack for this note that frankly served as outline for this people's history. (spotify version)

Buyer's Remorse (Series Index)


A covidious folktale
  1. Buying Opportunity
  2. Tempting the Town Crier
  3. The Situation Thereof
  4. Fair Warning
  5. Caveat Emptor


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Writing log. May 9, 2022

Tuesday, September 17, 2024

Buyer's Remorse (Part 4 Fair Warning)

Grifters at work... Part 4 of Buyer's Remorse

IV. Fair Warning


Ananse understood it would be a numbers game in the final analysis
So he had an actuary at his side who could handle the moral calculus
Sika would take the strategic lead in their joint venture of deceit
The sting in the tale they planned to spin: never deal with a cheat

But first they had to get the pieces of their long con into place
Preparation was everything and they couldn't afford any mistakes
The many moving parts of the proposed squeeze play were exacting
In a shell game where you live by your wits, timing is everything

The Wan tribe were not going to waver, they just had to be seen to be on board
But having enlisted the town crier, Sika's proposal could hardly be ignored
If he made the right noises at least some of the outlying towns would be seduced
The optics of disarray and discord would cause the desired effect to be produced

The ultimate prize in the long game they were playing was the Ushers
These last would be pitted against the indefatigable claims adjuster
Observing the cracks in the eastern parts they'd foresee opportunities
Welcome new markets for their cultural exports and business communities

The Usher campaign to break into the Wan's
   swiftly developing economies spanned decades
They'd tried all sorts of inducements to no avail,
   even humanitarian feints they called aid

It wasn't as if they were putting new wine into old bottles,
   but such deals were important
In order to close, they were not above rebadging plain diaper wipes
   as thicker and more absorbent

Also the paper trail Sika had laid out was watertight and beyond reproach
As usual the scheme they'd put in place would follow a dual track approach
On the one hand they'd laud the virtues of free enterprise, the market casino
On the other, the underhanded and more efficient resort to the corruption tango

Ananse artfully dropped enough subtle hints of an upside so they could read the signs
The Ushers expected that things would return to their pre-disruption trendlines
'Twas a matter of percentages, they would ready themselves to skim the take
Little did they know that there was a larger game at play, and it was rigged

The law of large numbers, he simply confronted them with a large number of choices
The standard trick to overwhelm buyers, they would fail to listen to any nagging voices
He also made no mention of the usual "all sales are final" clause quite deliberately
His plan if things went south, was to cool them off with a money back guarantee

They hadn't needed the expense and manpower to set up a big store gambit
No pigeon drops, no pig in the poke, no elaborate confidence tricks
Sika and Ananse had simply salted the mine like old time tricksters
A light touch of misdirection in their version of the Spanish Prisoner

...

From afar, the claims adjuster viewed the ongoing machinations with amusement
Surprised, frankly, that humanity would be indifferent to mass extinction events
That, rather than change course and adopt a prudent survival strategy,
They'd decided to risk everything and put their faith in herd immunity

What he beheld was a people unwilling to learn that everything was written in sand
Altogether happy to proceed with their abrogation of the duty of care by the land
Spokesmen enjoining on their community the burden of grief delayed
Who behaved as if everyone ought to move on as if inured to pain

The Ushers' linguist now had a notion that he'd found a gravy train
Seduced by Sika the actuary's promise that they could make it rain
The prospect of unearned income accruing in the suggested quantity
Had completely blinded him to the earlier warning that all is vanity

It was the promise of black gold and cold hard cash, the tactile sensation
Sheer excitement after all these months of lockdown and social isolation
The striking idea that they would be free and clear while making a quick buck
Responsibility demurral was the root cause of their repeated misconduct

The new powerpoint slides and flashy movies made for a pulsating presentation
The chief's scribe and the linguist's guard was drawn down by the implication
The statistics did indeed show the waning effectiveness of the claims adjuster
Combined with the appeal to the history of the great and mighty kingdom of the Ushers

Poised between the new variants and riches,
   the Ushers chose without a trace of misgiving
The best thing from Ananse's viewpoint was that
   they couldn't claim they hadn't seen it coming
For indeed all the griots in the land of concern
   had long been Cassandras calling
When push came to shove,
   they'd couldn't but admit they'd been given fair warning


poverty is not economics



Fair Warning, a playlist


A soundtrack for this note. A cautionary tale in soulful musical form. (spotify version)

Buyer's Remorse (Series Index)


A covidious folktale
  1. Buying Opportunity
  2. Tempting the Town Crier
  3. The Situation Thereof
  4. Fair Warning
  5. Caveat Emptor


This folktale is part of a series: In a covidious time.

Next in Part 5: Caveat Emptor

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Writing log. May 6, 2022

Tuesday, September 10, 2024

Buyer's Remorse (Part 3 The Situation Thereof)

Southern stress tests... Part 3 of Buyer's Remorse

III. The Situation Thereof


Suffice to say that the claims adjuster had been rather impressed
With the way the tribes of Agona had confronted the heart of darkness
Far from succumbing to the new variants introduced by their tormentor
Precious few of their settlements had turned into new epicenters

The lack of casualties had left observers perplexed
For they could no longer invoke their savior complex
The routine lectures and platitudes they picked off the shelf
Would now face the rejoinder: physician, heal thyself

It was one thing to acknowledge their dire state of poverty
But watching the rest of the world succumb to excess mortality
Had left them open to the possibilities of renewed confidence
Especially as they realized the wages of observed competence

True there were those who emphasized the youth of their populace
Discounting the pragmatism with which they had countered the menace
Pointing to their lack of facility with the ins and outs of accounting
Damning them with faint praise, their success was said to be confounding

They'd accepted leftovers from Tedros of Who and kept a low profile
No, he gave them all due credit, they'd paid penance contra denial
But the relative respite begged the question: were their rulers legitimate?
Their sole remaining assets, Asase Yaa's excessive liability certificates

As he unwound the scrolls, he perused the situation reports
Making sure to cross check what he'd found in the courts
Still, the stress test of humanity he'd initiated was dragging on
He wondered if the dwellers of the torrid zone could withstand the situation

But perhaps all the claims adjuster needed to do was to bear witness
The cast of characters in their lands were known for their brazenness
The chief of Rata, glad to be back in power, had promptly reverted to embezzling
Despite all the repeated warnings about the rising threat of inflation

To the bill of goods that was the routine economic mismanagement
One could always find those prone to succumb to martial entanglements
The proud scribes of Piatra agitated for war and bit off more they could chew
Their warriors were roundly defeated in pitched battles and had to be rescued

But most troubling was the situation in Santara which had come to a boil
To prevent a return of hunger season, their Okyeame banned the export of palm oil
His faint hope was that this structural adjustment was worthy of Machiavelli
But with these leading indicators on hand the claims adjuster now had a casus belli

What, after all, was the proposed basis of this new normalcy
To turn back the clock to a time when life was carefree?
Or to build a new way of life cognizant of the new restrictions?
A dilemma that had all the makings of a chicken and egg situation

Would they learn their lessons and heed the mosquito principle
Or give in to insatiable appetites as if they were invincible?
The gods would be watching closely to see if they reached a consensus
For it was an article of faith even to the gods to protect the least of us

There was enough of an opening in these reports of dysfunction
For the claims adjuster to reassert to them that no one was coming
And to those who would suggest that the situation thereof was unfair
He had the ready retort: a barking dog does not lie in the hyena's lair


Haste not in life



Situation, a playlist


A soundtrack for all types of situations. The claims adjuster is on the case. (spotify version)

Buyer's Remorse (Series Index)


A covidious folktale
  1. Buying Opportunity
  2. Tempting the Town Crier
  3. The Situation Thereof
  4. Fair Warning
  5. Caveat Emptor

This folktale is part of a series: In a covidious time.

Next in Part 4: Fair Warning

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Writing log. May 5, 2022

Tuesday, September 03, 2024

Buyer's Remorse (Part 2 Tempting the Town Crier)

A surge in the East... Part 2 of Buyer's Remorse

II. Tempting the Town Crier


This time around, the town crier beat the gong as he prepared to deliver the bad news
Quite simply the folks in Chwedru had reached the limits of zero tolerance
True, they had faithfully paid all premiums due for their soul insurance
But after two years of skimping on preparation, there was no valid excuse

The scribes were no fools, they realized they had to change course
For it would be no use at this stage to invoke the force majeure clause
It really didn't auger well that the gong was being beaten
That was surely an impending sign of a sticky situation

The common folk of the Wan tribe had long accepted the elders' authority
The unwritten contract was that human life, hard as it was, had sanctity
Most importantly, the hunger seasons of yore would never again be observed
If avoiding such troubles was no longer guaranteed, their power could not be preserved

Supply chains be damned, it wasn't even close to a dilemma
Their response was clear and swiftly conveyed to the town crier
They would immediately double down on the restrictions
And strongly recommend to all emotional vaccinations

Word was sent to the herbalists to produce new concoctions
All able bodied Wan should heed the call for battle stations
The standing army, long inactive, would be readied straightaway
And on the farms, reserve crops would be harvested without delay

The town crier, at length, conferred with the chief scribe and the linguists
These last had a weary air to them, you might call them pessimists
They had seen the rest of the world in upheaval, as if in a daze
And were proud they had so far managed to avoid even a second wave

Under the palaver tree, they debated the situation
Needless to say they had to take tough decisions
They tallied the upcoming festivals that would need to be postponed
Lest the entire tribe end up like those in the torrid zone

Once the course of action was decided there could be no second guessing
Their strategic resolve was unshakeable, there was no window dressing
The division of labor would fall into place, the rest was organization
Collective responsibility was the policy, they would brook no deviation

...

It was as he left the Wan settlements that the town crier was accosted
Ananse the Spider had decided that a direct approach was warranted
Without any preliminaries, he simply handed over a large monetary package
And asked straight up if that was sufficient compensation for the proposed damage

The town crier was rather impressed
   by the full frontal assault on his probity
He was sufficiently malleable by temperament
   (having what you might call moral flexibility)
He calmly assessed the assumed wages
   of this proposed integrity abasement
"Throw in a bottle of Schnapps and gourd of palm wine,
   that should be sufficient"
Good help came cheap these days, Ananse had to admit
There was almost no need to negotiate the misdeed
Just a few choice words as he explained the outline of his plan
And before long, he heard those three words: "I'm your man"

A goat doesn't pass a leopard's door, it wasn't mere survival bias
Such unerring instincts had long guided Ananse in his dealings
Limiting one's exposure, what some would term common sense
Surprisingly enough turned out to be uncommon in those lands

It's not so much that he was the greatest of grifters
The truth was that there would always be takers
Humanity was easily dazzled by rhetoric that sparkled
Hastening, as ever, to prove that gullibility was immortal


No problem



Temptation, a playlist


A soundtrack for this note. It's hard to resist the musical commentary. (spotify version)

Buyer's Remorse (Series Index)


A covidious folktale
  1. Buying Opportunity
  2. Tempting the Town Crier
  3. The Situation Thereof
  4. Fair Warning
  5. Caveat Emptor


This folktale is part of a series: In a covidious time.

Next in Part 3: The Situation Thereof

File under: , , , , , , , , , , , , , , , , , ,

Writing log. May 3, 2022