Hi Billy, Sent from my iPhone
> On Dec 15, 2013, at 10:02, [email protected] wrote: > > If it is true that markets themselves are ceasing to function that would mean > that the most important fundamental in capitalist economics no longer > can be depended upon, which would be huge. Well, it is always a question of degree. The markets were never perfect, but even now they still provide a rough estimate of future viability in many cases ( though "most" may be debatable). I actually think the bigger ( and underlying) problem is catastrophic success: the market did such a good job of incentivizing productivity and consumption that it grew beyond its domain of relevance. We no longer have the problems the market was created to solve; we have problems caused by the market itself (rather the worldview behind it). I'm predicting capitalism as we know it will start to be noticeably disrupted by 2024. But if the WSJ is noticing, then maybe earlier... E -- -- Centroids: The Center of the Radical Centrist Community <[email protected]> Google Group: http://groups.google.com/group/RadicalCentrism Radical Centrism website and blog: http://RadicalCentrism.org --- You received this message because you are subscribed to the Google Groups "Centroids: The Center of the Radical Centrist Community" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
