Sublime

Wie, zoals ik, voortdurend wijst op de vooruitgang die we boeken en op onze mogelijkheden om die vooruitgang ook morgen weer mogelijk te maken, kan de wind van voren krijgen.61 Speciaal voor deze alarmisten muntte Steven Pinker (1954), een Canadese psycholoog, het begrip ‘progressofobie’. Enerzijds is dat angst en zelfs vijandigheid tegenover het

quagmire.

When people entrust money to financial institutions, they generally don’t have the expertise or time to make sure the institution is doing its job. In most cases, it is much more efficient for people to band together and pool resources to ensure that their banks and exchanges are on the straight

At the end of the day, what matters is not what happens during the recurrent bubbles, but what comes next. The price to pay for widespread instability is that some investors regularly lose money because they didn’t pick the winner, whereas many employees eventually lose their jobs because they happened to work for the losers. In this context, the