Something about Thursday’s Wall Street fiasco seems to me to have some wider implications about our predicament. We are running the whole world on autopilot. Everything is fine, at least until a pilot is needed. But then, there isn’t one, or if there is one, she doesn’t have the right authentication to take control.
Look, we set these things up. Anything they do to us is our fault. A little foresight is needed for the cases where something does go just a tiny bit out of kilter.
Bruce Stirling tweets: Hey Adam Smith, your “invisible hand of the market” has become a crazed robot crushing everything it can grip
and: A ten percent market dip on a typo makes bank-torching Greek rioters look like conservatives