CM Stability And The Generalized Futaki Invariant II

The Mabuchi K-energy map is exhibited as a singular metric on the refined CM polarization of any equivariant family $\mathbf{X}\overset{p}{\to} S$. Consequently we show that the generalized Futaki invariant is the leading term in the asymptotics of the reduced K-energy of the generic fiber of the map $p$. Properness of the K-energy implies that the generalized Futaki invariant is strictly negative.