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.
And thus the jury is still out regarding “civilization” but it may come back in the coming decades. What a time to be alive.