Three basic lessons from the current financial crises
Some useful observaions from Clark Williams-Derry at WorldChanging about the current financial crises:
1. Unlikely events are common
2. Markets don’t know much
3. Unsustainable things stop
I especially like the last one. It doesn’t really matter if people believe things are unsustainable or not. If something is unsustainable it will stop, and that’s that.
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And thus the jury is still out regarding “civilization” but it may come back in the coming decades. What a time to be alive.