The current financial crisis is just another illustration of how mindless a bunch of herd-animals we are, as a race. Or how the combination of self-interests doesn’t necessarily lead to the common good (The Wealth of Nations nonwithstanding).
Anyhow, it’s probably just another dip in the (approximate) sinus. Hedge funds are making a fortune short-selling, while a few companies collapse, people lose their job, or see their savings melting away. Business as usual.
(from Michel Vuijlstreke’s blog)
and a link: Why to start a startup in a bad economy (Paul Graham) (who might be biased as Y Combinator’s business is providing seed capital startups)
