sv-wolf wrote:Unfortunately Shorts, I'd have to disagree (of course I wouldShorts wrote:
The free market worked exactly as it was suppose to. It crashed in this case. The market is like the laws of physics, it just is. The people within this free market drove it wrong.
Sports cars can go real fast and be absolutely beautiful to watch. In the hands of a skilled driver that understand his limits, the car's limits, the track limits and utilizes correct judgement in order to keep that car not only on the road, but efficiently running at top pace, that car is wonderful.
You put that sports car in the hands of a newly licensed 16yr old kid, who hasn't developed the skills, who hasn't developed the understanding and maturity, and who doesn't make proper judgments - that kid plants the car head first into a light pole. Kid dead. Car totaled. Family sad and angry.
That sports car did what it was made to do. The car just is. The drivers manipulated that car and caused it either to stay on course or veer off.
When you take a system or a tool or an object and use it PROPER it is a great tool. But that tool does not work in a vacuum. We as people do not exist in a vacuum.
Don't let boneheads use your tools (or vacuum).). It's a nice idea but it bears no relation to the real world. The pronoucements of economists based on their theories about the 'mechanism' of the market have the same power to predict future events as the 'science' of astrology. I can't say, I'm therefore, very impressed.
A sports car has some straightforward controls and a single-person sitting behind them. The economy is very different. Like I said to ofblong, it is composed of billions of un-coordinated decisions with nobody fully aware from moment to moment what is happening elsewhere or what the results are going to be. And if the market 'mechanism' is like a law of physics then it is clearly derived from chaos theory.
The history of the last two hundred years has been the history of people trying to drive the 'free market' right. If there is any lesson to be learned from history it is that the 'free market' does not take any notice of anyone trying to drive it.
Left-wing politicians and right-wing politicans slug it out, arguing pointlessly about who has the best theories and the best policies. Every so often they do an about face and take up opposite positions as appears to be happening now. It's all a waste of time. What can a poor socialist do but watch and despairAh well!
(On a more positive note you can rest assured that I'm certainly not going to let any bonehead use my tools ...)
The catch is, every person involved in the market is a driver, simple controls or not. The inexperience driver still crashed even with plainly laid out controls. Complication of controls wasn't the problem - the driver, his input and decisions were.
The controls aren't as important as the driver is. I'm going to kick back to our conversation a bit now about morality, ethics, finances etc that we had in the other section. Those qualities are still a factor and the results will rear their head in some form or another.
Whether or not the total mechanics of a system are understood, you do not jump in the deep end without accepting the risks of the unknown. It could be a small problem, it could be a big problem. But you KNOW there will be a problem. For every action, there is an equal and opposite reaction, in everything. Physics, emotion, people, objects. Everything has a consequence.
People matter. The person matters. The type of person matters. You got all the wrong people, the wrong motivations, the wrong decisions, the wrong spark in the wrong part of the forest and it'll be a catastrophe. Might be right away. Might be a long slow burn. But it will end up wrong.
Maybe I'm just wishful thinking that everyone in our our society, especially those who "represent me" haven't all sold me out and stabbed me in the back. Maybe I'm just grasping to find people I can trust.
that's all.