Someone told me markets will all save us

Well how can that be look what markets gave us.

There are massive failure of institutions at large, the pinnacle of which was these events that unfolded in the financial sector over the  weekend.

While it is a well known fact that communities/networks become unstable at large scale ( we have seen it in ample in the past) and does not work as it is a vulnerable resource especially when open leading to control be taken over by opportunistic vested interests  (Soviet/China etc are testament to that).  Whereas markets despite its problem of information cascade, herding was hailed as the saviour of all ills of the globalized countries but that too failed us leaving us all wondering which is better a institutional system of making a sustainable living.

Maybe it is time that revolution itself needs a revolution as this revolutionist points out.

Advertisements