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One of the things markets are supposed to do in theory is to route resources to where they are needed, and financially punish people who move resources in stupi
by indrax 15y ago
One of the things markets are supposed to do in theory is to route resources to where they are needed, and financially punish people who move resources in stupid ways.
The technical analysis I've seen here seems to hover around the question of why the investors were not automatically screwed. In a more efficient market the price collapse would have been obvious, the bubble would not have happened, and no one would have starved.
This doesn't directly address the inhumanity involved, but the analysis is important.
- JonnieCache 15y ago>One of the things markets are supposed to do in theory is to route resources to where they are needed, and financially punish people who move resources in stupid ways. How many more people have to die needlessly before this theory is reexamined by those who practice it?
- ramchip 15y agoPlanned economy has been attempted in several countries. Their death record isn't exactly shining.