Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Point of Personal Exasperation, Mr. Chairman!

There is no aether. There is no philogeston.  There is no Philosopher's Stone.  One cannot fly to the moon on gossamer wings.  There is no such thing as "perfect information" of a market.  

Insisting what is Not, is operative, only lands the thinker in a vat of intellectual goo.  

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Thu Feb 1st, 2007 at 10:55:15 AM EST
[ Parent ]
I agree entirely. It is often useful, though, to consider ideal limiting cases when trying to understand how systems change as they move in that direction (even though the limit can never be reached). My point is that increasing information, e.g., of customer's genes and the risks they imply, undercuts the value of insurance in a market that is free to use that information. Ideally, it destroys the very value of the product. This runs contrary to the foundations of market fundamentalism.

Besides, the argument is directed to the wonkish wing of a group that plans already the glory of wingéd lunar flight.

Words and ideas I offer here may be used freely and without attribution.

by technopolitical on Fri Feb 2nd, 2007 at 03:39:28 PM EST
[ Parent ]


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