New Marxism: Difference between revisions
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Seminal commentary on the current state of Silicon Valley. Mentions ''Homo Deus'' as the new bible of this [[Secular Religion]]. | Seminal commentary on the current state of Silicon Valley. Mentions ''Homo Deus'' as the new bible of this [[Secular Religion]]. | ||
Second message is that currency trading | Second message is that currency trading of $5T per day is 20x the size of annual GDP, and as such money is meaningless. Money, the measuring stick, is more volatile than the economy it tries to measure. As such that does not work. Gilder calls for removal of the power of central banks to manipulate money and go back to a gold standard or other digital currencies that are designed in a different way. | ||
NB. Mentions Wayne Copland at minute 24. | |||
Latest revision as of 14:26, 28 March 2018
Seminal commentary on the current state of Silicon Valley. Mentions Homo Deus as the new bible of this Secular Religion.
Second message is that currency trading of $5T per day is 20x the size of annual GDP, and as such money is meaningless. Money, the measuring stick, is more volatile than the economy it tries to measure. As such that does not work. Gilder calls for removal of the power of central banks to manipulate money and go back to a gold standard or other digital currencies that are designed in a different way.
NB. Mentions Wayne Copland at minute 24.