exiledbear (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} exiledbear) wrote,@ 2009-06-09 12:33:00 |
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No, it's simple
http://www.newscientist.com/special/c
The people running the economy lied to you. Take Greenspan. He lied to you when he said buying a house in 2004 was a great idea. Unfortunately, too many people believed him and others like him.
Look, the economy consists of a web of promises made to each other. Although, I suppose it might be more accurate to call it a pyramid of promises, where the lower layers give everything and the upper layers give nothing back in return. As more and more of those promises are broken, people lose confidence in the whole set of promises (stop believing in their God).
Which points to something deeper - how do you organize a society to live? This is just one way to organize things, and it looks like for better or worse we're going to explore other alternatives.
I'll end with this - what's happening is neither good nor bad. It just is. If it's good or bad, it's in your head.
http://www.newscientist.com/special/c
The people running the economy lied to you. Take Greenspan. He lied to you when he said buying a house in 2004 was a great idea. Unfortunately, too many people believed him and others like him.
Look, the economy consists of a web of promises made to each other. Although, I suppose it might be more accurate to call it a pyramid of promises, where the lower layers give everything and the upper layers give nothing back in return. As more and more of those promises are broken, people lose confidence in the whole set of promises (stop believing in their God).
Which points to something deeper - how do you organize a society to live? This is just one way to organize things, and it looks like for better or worse we're going to explore other alternatives.
I'll end with this - what's happening is neither good nor bad. It just is. If it's good or bad, it's in your head.
