Comments on: The ‘invisible hand’ of the free-market economy flips us the bird http://www.thetopbanana.org/featuredarticles/2008/09/the-invisible-hand-of-the-free-market-economy-flips-us-the-bird/ The News Just Got Fucking Critical Sat, 11 Oct 2008 10:44:47 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Craig Eastman http://www.thetopbanana.org/featuredarticles/2008/09/the-invisible-hand-of-the-free-market-economy-flips-us-the-bird/comment-page-1/#comment-9 Craig Eastman Fri, 26 Sep 2008 16:50:59 +0000 http://www.thetopbanana.org/?p=78#comment-9 It has always fascinated me that the entire financial system of the global economy seems to escape the predication of there being a finite ammount of money to go around; ie. the more you gain yourself the more you are taking away from others. At what point did the idiots in charge of our monetary mechanisms convince themselves that economies can grow beyond the rate of inflation without recourse? There is a lesson to be learned in that these people, who have been allowed to carry out their financial practices with little insurance measures for the public on the assumption that they were responsible, will only ever do whatever is in their best interests. The speculation on futures markets has meant crippling food and fuel costs for many countries and nothing is being done to keep these people in check. The lesson is clear, but at the end of the day humans on the whole do not learn from their mistakes so long as there is the slightest promise of personal gain somewhere at the end of the tunnel. As much as they are being criticised now these same practices will be in place in ten year's time with the assurance form our governaments that everyone involved learned their lesson and that it would be ludicrous to suggest the same thing would be allowed to happen again. Except it will. It has always fascinated me that the entire financial system of the global economy seems to escape the predication of there being a finite ammount of money to go around; ie. the more you gain yourself the more you are taking away from others. At what point did the idiots in charge of our monetary mechanisms convince themselves that economies can grow beyond the rate of inflation without recourse? There is a lesson to be learned in that these people, who have been allowed to carry out their financial practices with little insurance measures for the public on the assumption that they were responsible, will only ever do whatever is in their best interests. The speculation on futures markets has meant crippling food and fuel costs for many countries and nothing is being done to keep these people in check.

The lesson is clear, but at the end of the day humans on the whole do not learn from their mistakes so long as there is the slightest promise of personal gain somewhere at the end of the tunnel. As much as they are being criticised now these same practices will be in place in ten year’s time with the assurance form our governaments that everyone involved learned their lesson and that it would be ludicrous to suggest the same thing would be allowed to happen again. Except it will.

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