2 ms·
I agree. I would like to say that I honestly believe that the way the masses perceive the markets is completely and deeply flawed. For instance, if you build a
by TriinT 17y ago
I agree. I would like to say that I honestly believe that the way the masses perceive the markets is completely and deeply flawed.
For instance, if you build a new super high-tech cruise ship which ends up sinking during its inaugural voyage, then people will perceive that failure as a design problem, and they will blame the naval engineers who designed and built the ship. Only a crackpot would claim that one should ban all ships because they're dangerous.
If you create a new market and that markets fails, people will claim that it's a dangerous market and that it should be banned. No one will think that the market might have been poorly designed. When it comes to markets, moral issues such as "right" and "wrong" trump everything else. Emotion defeats reason. That's intriguing, isn't it?