Posted by: zyxo | September 29, 2008

Credit crisis, evolution and hiërarchies


Barings BankImage via WikipediaAs I wrote in earlier posts : if there is no time enough and not competing entities enough to let things evolve, directed by natural selection, you need a hiërarchical management to get things done properly.

And that’s the drawback of mondialisation : as the whole world has become one community, one huge bee-hive, one enormous swarm of people, there are surely not entities enough on which natural (?) selection can act. So there is need of a strong hiërarchical leadership. Which we clearly do not have. The result : a highly interacting swarm, although one that is not evolved by natural selection. So it has never got time to reach an optimum.
Quot erat demonstrandum and is proven now : the system is not stable, banks are going down (e.g. Barings Bank, Northern Rock, Fanny Mae & Freddy Mac, Fortis, Wachovia, AIG, Lehman Brothers, etc…), and emergency plans from governments are needed.

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