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Thursday, 3 December 2009

The Hypocrisy of Turmoil

I am experiencing an increasingly level of frustration and disillusionment with the existing debates and discussions, both political and otherwise, going ‘live’ and being aired with reference to the free market system and markets in general, in the face of the current global financial crisis and turmoil (also referred to in earlier blog postings as the Credit Quake).

My frustrations have a few key themes:

  1. Lack of the correct language being used
  2. Lack of an understanding and appreciation of the free market system in general
  3. Lack of a differentiation between mechanistic systems and human behaviours (partly stemming from a lack of the correct technical language being ustilised) [The morality of the market vs the morality of people (also referred to as agents) operating within the market]
  4. A lack of appreciation and understanding that economic value and measures are not monetary related, but that money is a subset (via Monetary Economics), within the wider discipline of Economics.

Part of the challenge of this blog and other blogs of a similar ilk is to raise the bar as far as the general discourse is concerned.

Please tune in from time to time to help support intelligent debate and a fruitful learning experience.

theMarketSoul © 2009

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