Friday, December 17, 2010

Obama Wins (well, sort of)

Some call the present recovery a sham. I'd simply say that it is a managed economy, as usual. Mostly, it has been managed by bankers and intended in their own interest but sometimes with unexpected results. A good computer program could stabilize our economy much more successfully. Human beings are hindered by very short time horizons and a desire for quick satisfaction. The consequences frequently resemble what has been known as "the tragedy of the commons." In a word, they greedily foul their own nest and produce tragic results for many of the innocent.

Money rules; human beings primarily act as place holders for accumulated capital which continues to accumulate in good times and bad. Unfortunately, the human element only makes things worse. Incompetent hogs are Mammon's Achilles heel. They rig the "invisible hand" of the markets and create bubbles and crashes like there is no tomorrow. They will, if not restrained, destroy the biosphere of this planet. They create their own "facts" and slander all contrary science as "junk science." They employ an eagerly bought army of servile professionals; politicians, scientists, intellectuals, pr experts, media commentators, money managers, lawyers and, yes, even thugs. It pays well to lie and to spin and to legislate in their service.

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