Tuesday, July 5, 2016

There Is No Smart Generation Says Invisible Hand

I come from the generation of slackers, I guess. Perhaps my stupidity allowed me to recognize that Adam Smith's invisible hand drives markets. Egos impede them.

Brexit, ultimately forced by the intentions of the invisible hand, has nothing to do with politics. Economic, financial, and political evolution, changes that shape society, are driven by crises sown by whomever proclaims themselves the smartest generation. If the smartest generation is in charge, it's best to ignore their interpretations when investing. Stupidity talks when it should be listening and attempts to learn through pointing fingers rather than self examination.

Headline: Generation X politics with yoga, selfies and Brexit

I refer to Generation X, that elusive and ambivalent cohort born in the 1960s and 1970s. This is the generation of slackers, the MTV cartoon characters Beavis and Butt-Head, aimless hedonism, Britpop, alt-rock, irony and sarcastic disaffection. Its principal economic achievement is the dotcom boom of the early 2000s, based around the creation of useless websites into which credulous baby-boom investors ploughed their abundant finances.



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