tomorrow

can the economy be saved?


you know how every time something really really bad happened to the economy and a million economic experts will come out and say that how they all saw the signs and how it all made perfect sense, and what's more, how this crisis is totally out of hand and how the last one was so easy to solve.
the problem that lies in every crisis of course is that it cannot be anticipated and solved until it is imminent or until it hits. it's the BLACK SWAN theory, which simply points out that every time in human history a major event will happen that's totally out of the ordinary and will then shift the paradigm of the world. Linear thinking, hence logic, is not able to solve this type of problems, as it proposes to process information within the existing paradigm.
Well, all these are old news.

What i've been thinking is, maybe, just maybe, we are coming to a stage where everything that could happen has almost all happened. And as our coverage of these "paradigms" become more and more comprehensive and extensive the new and unknown "abnormal" events will be so out of the ordinary that we simply do not have the power to solve them. That is the Soros' theory of reflexivity essentially, only this time we are talking about the gap between human capacity and real life issues. The exponentially increased pressure from reality seems to have outpaced the adapting capacity of our intelligence and resources, and we simply cannot sustain the self re-inforcing trend that we have so-far more or less successfully sustained in the last two centuries.

That gap is further supported by two things that get us to what we are today, paradoxically, the invention of atomic bombs democracy. The former essentially rules out the possible solution of wars, and the latter almost always guarantees a solution that will satisfy the majority, and exclusively short-term. Which means that we cannot reduce the reality pressure by eliminating a selected population on the planet without running the risk of a total extinction, and any politician who has the guts to propose a difficult solution will be slaughtered by his own people.

so can the economy be solved?