unclej0

Global Markets in Review: Despite Cheer, Risky Assets Look Weary

No doubt there are some who will thrive in the turbulent markets that seem to lie ahead. Mostly, these are people who are fairly single minded about trading.

Those who would like to look forward to a stable future while pursuing more productive lives are in jeopardy. This can be largely summed up under the platitude: the mere idea that human beings can manage a productive, humane and stable civilization flies in the face of centuries of harsh experience.

Still, we ought not give up hope. The only socio-economic systems that we can be sure will fail are the ones we have tried. There must be something better. IMHO, some aspects of market economics and some aspects of macro-economic planning will be part of it. Perhaps the macro-stability can be achieved by placing honest machines at the controls. There are too many human minds which have reached their levels of incompetence and there are too many hands just trying to game the system (any system) and politicians who are obsessed by the next election cannot be counted upon for much else.