Follow the money.
Our culture is deeply invested in virtual value - stocks, futures, govt bonds, etc - the vast majority of these have NO REAL MATERIAL VALUE.
The global stock market may collapse, and it should. In a truly capitalist economy, that is the purging that builds innovation, evolution and motivates productivity. It is scary, and it is beautiful. When your business dies, the market lets it go happily. A newer, better, smarter business will meet the need that your business met, or it will also go the way of the dodo.
And so for the financial firms facing the failure of their houses of carefully accounted cards, let it go, y'all. Let it go.
Government is not, should not be in the business of bailing you out.
No comments:
Post a Comment