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Desc:Benoit Mandelbrot thinks the global economy is in dire straits.
Category:News & Politics, Business
Tags:economy, Benoit Mandelbrot, Nassim Nicholas Taleb, Newshour, The Black Swan
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Comment count is 10
Bruce182 - 2008-10-26

Knowledge is not power, it's terrifying and deprives you of sleep!

Syd Midnight - 2008-10-26

Can't rate because this is way over my head, but you don't want to disagree with someone whose name has become a common scientific term.

All I know about economics I learned from EVE Online, and what I learned is that wasting money to destroy a market is more fun than anything you could actually buy with it. When I made my first few billion ISK I used it to demolish an ore market because it was more fun than any doomsday weapon. No capitalist expects anybody to really work against profit and self-interest, they just stand around screaming "WHYYYY?" as you destroy all their wealth along with your own. They keep thinking it's random market fluctuations, when it's really a billionaire who is doing Gods Will.

Economic terrorism is incredibly fun and effective. Its fun to BE that butterfly, and easy. They never see it coming. Markets cannot handle a terribly wealthy religious fanatic terrorist who'd demolish bottleneck markets and bring the whole place down.

Maybe that's relevant?

dueserpenti - 2008-10-26

Not even a little bit. Unlike your comment, however, this video was moderately interesting.

Syd Midnight - 2008-10-26

So how is economic terrorism an impossibility? You didn't say shit so I figure you don't have shit to add but are a catty little princess?

futurebot - 2008-10-26

"this is way over my head, but you don't want to disagree with someone whose name has become a common scientific term"

five stars

Camonk - 2008-10-26

I was gonna say how I won't disagree with someone who's the subject of one of my favorite JC songs. I... I think yours is a better reason, honestly.

dueserpenti - 2008-10-26

How am I supposed to respond to the suggestion that international financiers and investment banks are griefing? Hint: it's not with a reasoned refutation of the "argument." Really, it makes me want to check the amount of lead in your water supply.

Syd Midnight - 2008-10-28

"International financiers and investment banks" would be the VICTIMS, not the griefers. There's some very wealthy people who enjoy western economic collapse, and/or have relatives living in caves because half the world's militaries are looking for them.

As wild conspiracy theories go, I don't think it's such a bad one.

Schraff - 2008-10-26

-2 stars because Mandelbrot really only has a cameo appearance in this clip, and there's more doomsaying and conjecture than hard science. Still, when Mandelbrot says he's losing sleep over the economy, you better fucking listen.

Repomancer - 2008-10-26

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