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by blagie
1535 days ago
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My experience is different. These things are planned. There is a grand plan. The planners are incompetent nincompoots, though, and things rarely go according to plan. I've been in enough power positions to see that grand plans and grant ambitions do exist, as do lots and lots of conspiracies. It's just that the external conspiracy theories rarely line up with actual conspiracies. What's going on inside is usually far, far stupider than even the conspiracy theory. |
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That was my big takeaway from reading a bunch of "insider" books after the 2008 crash. The banks thought they were getting away with an great scheme (not a conspiracy, per se), but had the common human inability to properly model out the logical chain of implications over the long term (and perhaps a touch of "emperor's clothes" preventing proper risk assessment within larger organizations). Meanwhile the market punters were caught up in a frothy bubble ("this time is truly different!") which clouded their perception of reality, which led to all kinds of bullshit hype in the media. There were outliers, of course (e.g. I rememeber an eye-opening article in Harper's in ~2006 which was extremely dire in its outlook, and of course there were various people who were fortunate with their shorts), but the folks bought into the alternate reality tended to ignore warnings, given that their money was invested in the fever dream (also perhaps trusting the authority of the banks to have put together a low risk product, without truly understanding it).
In short, there's no need to conjure up an illuminati when you have all of the various standard fallacies of human thinking to work with.