On a more serious note, I won't discount the possibility that the global economic crisis is intentional but I haven't seen any evidence supporting the
claim. In fact, the modern world has (and by extension the economy, because if economics has taught me nothing, it is that EVERYTHING is part of
economic theory) become so complex that we have introduced points of failure that nobody has considered.
There is a professor that I had, and became fairly close to personally, that introduced me to the concept of hypercoherence. The short definition is
that a system is said to be hypercoherent when it is so integrated that any shock causes it to crash. Basically, there is no compartmentalization to
stop a problem from bringing the entire system down because of the sheer complexity of the system as a whole.
We now find ourselves living in a hypercoherent world. The example the Prof. always liked to use was an anecdote about the county where I live and
where the University is located. Said University did a study in the early 2000's estimating how much food was in the county at any given time. They
measured all of the food located in restaurants, grocery stores, the average family's home at any one time, etc. What was shocking and nobody
expected was that there was only enough food to feed the population for 72 hours. If for some reason no deliveries could be made into the county AT
ALL, given normal consumption patterns, all food would be consumed in 72 hours.
That is crazy and the reason is because of the "on time" model adopted by almost all grocery stores and restaurants. The moral of the story and what
the professor was trying to have me see is that this is only a small example of how unbelievably complex our modern world has become. Systems like
this extend up and down the economic ladder.
Remember the Blackout of 2003 that resulted in a quarter of North America not having
power?
It was caused by the failure to trim one tree.
The world has become so complex that it truly is scary. Sometimes it is easier (and more comforting) to imagine that there are people behind the
scenes pulling the strings, but reality might just be even more frightening. Again, I am not saying it is impossible that nefarious forces are
responsible for our current situation, but we have created a world in which they simply are not needed to cause the kind of chaos we are watching on
the nightly news.
edit on 16-1-2012 by LordOfArcadia because: (no reason given)