https://www.youtube.com/watch?v=Uz2j3BhL47c
I was encouraged to take in the audiovisual presentation of “All Watched Over by Machines of Loving Grace”, wherein Adam Curtis demonstrates what appears to be a lack of understanding regarding failure in the financial markets. Most foundational year ecologists can tell you that systems are self-correcting, that virtual bubbles get popped, that hubris gets torn down, that over-population gets underfed. Rabbits and foxes. Owls and mice. George Monbiot’s “War On Slugs” because of missing hedgehogs and thrushes. It all depends on the natural resources available to feed the participants in the game. The global economy can only accelerate growth so much before it implodes. There are Limits to Growth. Curtis could be said to be expressing his suspicions that the fake “Knowledge Economy”, the Asian “Shock Doctrine” and the Property Crash were an artefact of a secret evil cabal formed from the vaguely impressed followers of Ayn Rand – but the rest of us all know that’s silly. She was a lovely, sensitive, principled woman, although she could have done with a little more kindness in her life to inspire altruism in her worldview.