Jul

6

Chaosonomics

Filed Under Economics 

Used to be we stole the trade secrets in the form of automated looms textile manufacture, or pillaged a patented steam harnessing device. This must be the ultra postindustrial state. Trade secrets are computer algorithms which make automated low latency entrance and exit to markets with no intent of ever taking delivery of any physical product nor are making purchases/sells based on any business, but are merely exploiting market rules to ratchet numerals to their gain.

How did we get here? How sick is that person who draws a paycheck and has neither produced, manufactured, distributed, or made any useful service? Isn’t that the very definition of a Babylon? An economy so distanced from agriculture, mining, manufacture that it provisions life with intangibles? Please wake me up. Please let me out of such a vacuous existence.

– Ben Frananke, Zero Hedge comment (emphasis Inthon)

“No warning can save a people determined to grow suddenly rich.” – Lord Overstone

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Comments

One Response to “Chaosonomics”

  1. DelphineNo Gravatar on November 20th, 2014 7:56 am

    management requires more knwgdeloe than knowing how to be a hairdresser. A salon is a styling palace, beauty therapy and relaxation centre rolled into one business. Speaking of business .the salon is also a business that requires management and organizational skills.Catherine FlanaganMy Blog :

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