Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts
Thursday, February 17, 2011
Wednesday, June 10, 2009
Have Your Cake and Eat It, Too
There's all sorts of stuff I could write about: I just got back from Halifax; I've been to two scientific conferences in the last 2 weeks; the gardens (there are two this year) are in and growing; there are countless other things in my head right now.
But there's something that's been bugging me for a while, and the way the markets are behaving right now has reminded me. It's like, deep down inside, people are terrified that the current system is broken, but they don't really know what to do about it because there is no alternative, so they're just swinging their money around panicky willy-nilly.
All the while, the so-called experts are saying that everything is fine, the system is on the mend. Nothing was wrong with the foundations of the old system, it was only some dead wood that needed removing. So go ahead and invest in banks and manufacturing and all those other things which led to the economic catastrophe. The experts can see the future and it is good.
But wait, aren't these the same experts who spent 6 months telling everyone that the financial meltdown wasn't their fault because "no one could have predicted it"? Ah, so, don't blame you for the crisis because you don't have a crystal ball, but listen to you now because you can forsee the recovery?
Well, which one is it, guys? Can you predict the future or not? Evidence suggests not.
But there's something that's been bugging me for a while, and the way the markets are behaving right now has reminded me. It's like, deep down inside, people are terrified that the current system is broken, but they don't really know what to do about it because there is no alternative, so they're just swinging their money around panicky willy-nilly.
All the while, the so-called experts are saying that everything is fine, the system is on the mend. Nothing was wrong with the foundations of the old system, it was only some dead wood that needed removing. So go ahead and invest in banks and manufacturing and all those other things which led to the economic catastrophe. The experts can see the future and it is good.
But wait, aren't these the same experts who spent 6 months telling everyone that the financial meltdown wasn't their fault because "no one could have predicted it"? Ah, so, don't blame you for the crisis because you don't have a crystal ball, but listen to you now because you can forsee the recovery?
Well, which one is it, guys? Can you predict the future or not? Evidence suggests not.
Thursday, May 7, 2009
Like a Better Me
I haven't been writing here as much as I'd like lately. There are a number of reasons for that. First off, I'm hellabusy being a born-again student; grad school is exactly like I remember my older friends/colleagues describing it. Secondly, a lot of my creative thinking drifts very quickly in the rant category these days and I'd like to spare my readers too much of that. And finally, sometimes I have trouble expressing my ideas in ways that are understood by people who don't spend all their time inside my head*.
So imagine my delight when I came across a very well thought out piece which expresses many of my very own feelings in crisp, compelling prose. It is actually the introduction to a book which I have now reserved at the Toronto Public Library. If I had to summarize the article, it would be a phrase I started using sometime shortly before the housing bubble burst: home ownership is the new serfdom. But that is a very cursory summary, indeed.
I found the article by trying to learn more about a particular guest blogger on boing boing after being taken in by some of his posts. He puts very elegant words to some pretty complicated thoughts I've had: it's like reading what I would write if I were a better me. Which sounds a bit vain, but really, if you stumbled across an author like that, wouldn't you bask in your discovery for a little while?
Set aside a good chunk of time before clicking the link: the article is a bit long, but I think it's well worth sticking with. I strongly encourage you to read it, if only so that some of my rants sound a little less insane and baseless the next time we speak. And maybe it will stir in you some of the same thoughts and feelings it did in me.
Introduction to Life Inc.: How the World Became a Corporation and How to Take It Back.
* As a solipsist, I know that everyone spends all their time inside my head. Unfortunately, not everyone else knows that.
So imagine my delight when I came across a very well thought out piece which expresses many of my very own feelings in crisp, compelling prose. It is actually the introduction to a book which I have now reserved at the Toronto Public Library. If I had to summarize the article, it would be a phrase I started using sometime shortly before the housing bubble burst: home ownership is the new serfdom. But that is a very cursory summary, indeed.
I found the article by trying to learn more about a particular guest blogger on boing boing after being taken in by some of his posts. He puts very elegant words to some pretty complicated thoughts I've had: it's like reading what I would write if I were a better me. Which sounds a bit vain, but really, if you stumbled across an author like that, wouldn't you bask in your discovery for a little while?
Set aside a good chunk of time before clicking the link: the article is a bit long, but I think it's well worth sticking with. I strongly encourage you to read it, if only so that some of my rants sound a little less insane and baseless the next time we speak. And maybe it will stir in you some of the same thoughts and feelings it did in me.
Introduction to Life Inc.: How the World Became a Corporation and How to Take It Back.
* As a solipsist, I know that everyone spends all their time inside my head. Unfortunately, not everyone else knows that.
Labels:
boingboing,
bubble,
corporations,
douglas rushkoff,
economics,
finance,
financial crisis,
happiness,
housing,
humanity,
life inc,
monetization,
money,
mortgages,
rant,
serfdom,
society
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