Video of my interests: stock markets, politics, alternate energy (uranium and solar). Things I think are amusing or educational. Think big doods.
Tuesday 17 February 2009
The real crisis? We stopped being wise
Barry Schwartz makes a passionate call for “practical wisdom” as an antidote to a society gone mad with bureaucracy. He argues powerfully that rules often fail us, incentives often backfire, and practical, everyday wisdom will help rebuild our world.
After the dot.com crash markets attracted my curiosity. Fairly scary aspects of reality were invisible to the mainstream but inevitable, I saw. Primarily, that a major secular shift away from financial assets to commodities and precious metals is underway disguised by what I call "classic late empire credit bubble dynamics"; enabled by financial engineering, marketing and electronic networks. As far as can still see, peak everything is the real deal and resources and alternate energy the stuff from which futures and fortunes will be built, but only after a massive crash and recession.
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