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That's all well and fine until one market segment (finance) can grind capital for unrelated industries into the ground by crunching credit. It's a classic ecos
by awinder 9y ago
That's all well and fine until one market segment (finance) can grind capital for unrelated industries into the ground by crunching credit. It's a classic ecosystem problem, some of the critters in the pond are going to rise above others in the chain, and that can cause ill effects everywhere if not properly controlled.
Given that one of the defining characteristics of humanity is that we've been cultivating ecosystems for millenia, it's not that much of a stretch to say we're going to cultivate our own invented ecosystems for the betterment of the system. It's actually a stretch to say -- we're just going to throw all these actors into a system of shared responsibility, and they'll just work it out.