$1.7 Trillion Poorer
Out of context: Reply #21
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- TheBlueOne0
I find it kinda funny that in the 21st century, with all the technological innovation and incredible transformation of the base structuring of our societies we still are using 19th century terms to describe our economics and 18th century terms to frame our politics.
While there are certain unchangeable verities about human nature, and certain accepted understandings of how complex systems operate, so many just put blind faith in a limited understanding of these tools.
I firmly believe that we need to discover a new theory for both politics - one that gets rid of the ugly 18th century post-counter-revolutionary French idea of "left & right" - and one that is far more descriptive of the actual forces and motives at play. "Left/Liberal" Right/conservative" are just useless propaganda tools that are used to not actually discuss and solve anything and simply maintain the status quo of both sides.
Equally so, in economics, the classical system of Keynsian vs. Friedman Free Markets is equally flawed and silly. Models that don't map to the actual territories anymore. In economics I suggest starting with Karl Polyani ( http://eh.net/bookreviews/librar… ) a critic, like Friedman of Keynsian systems, but didn't put blind faith in the concept of a "free market".
As that article above pointed out there has been a revolution in wealth creation in the financial industry - billions of dollars created out of "nothing". Now this "nothing" came from somewhere, just as much as all the technological change we see around us. It is real and it exists, probably as a consequence of increasing complexity, and information flows in markets and the resulting efficiencies.
Anyway, I know this is a waste to discuss this here. <sigh> I await hedge's silly remarks in response and the usual "Well what the fuck can we do we're just dumb designers"...
I leave you with this quote:
"If success or failure of the planet and of human beings depended on how I am and what I do ... How would I be? What would I do?"
— R. Buckminster Fuller