Saturday, March 07, 2009

If you think about it, a working engine is a much simpler thing than a broken one

Nobody understood the economy when it was working -- so why should they understand it better when it is broken?


Blogger Richard Ryan said...

You think? Usually when a process is broken it's broken for one reason (unless the failure is massive and across the entire system due to some massive trauma). When things works there are typically complex synergistic or ecological reasons involved.

2:52 PM  
Blogger georgeborrow said...

An economy works because people take many things for granted, and when it breaks -- perhaps only for one reason -- those many things that had been taken for granted are called into question and cease to work, so "fixing" an economy is not a mere matter of "fixing" the one thing that is broken. But you are right, everyone starving and carrying around buckets of dirt is quite easier to understand than a complex modern post-industrial technologically driven economy.

5:20 AM  

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