The Mechanism Matters

winchIn his thoughtful commentary “Economic Origins & the Pendulum Shift”, Chris Houston observes that we are entering a period where businesses will become socially balanced or socially optimized, rather than pure profit maximizing creatures of rational economics. This would be a significantly different state of affairs than we have become accustomed to. If such a change is to  be durable and lasting, there must be significant new underlying forces at play in the global economy. Continue reading