Tuesday, March 1, 2011

The Middle East Crisis and the stock market

Something strange is happening. Massive protests are going on everywhere. Despots are fleeing and the U.S. Secretary of State Hillary Clinton recently testified that Libya could degrade into chaos or anarchy. The word Anarchy has been for years tinged with negative connotations because it has been used by the plutocratic institutions as a smear against their opponents.

Wikipedia defines Anarchism as follows:

Anarchism is a political philosophy which considers the state undesirable, unnecessary, and harmful, and instead promotes a stateless society, or anarchy. It seeks to diminish or even abolish authority in the conduct of human relations. Anarchists widely disagree on what additional criteria are required in anarchism. The Oxford Companion to Philosophy says, "there is no single defining position that all anarchists hold, and those considered anarchists at best share a certain family resemblance." -- http://en.wikipedia.org/wiki/Anarchism

It appears that anarchism is currently working in Egypt and other states that have removed their dictators prior to Libya, however, the main-stream media seems to be focusing on the dismantling of hierarchical leadership, and avoiding the anarchist aftermath that seems to be operating successfully due to social media technology.

Commerce in these newly techno-democratic countries seems to be ramping up faster than ever. The old institutions have fallen away, and this has become the biggest threat to the plutocrats in the U.S.

The collective social communication infrastructure in the U.S. is deliberately fractured into small sub-networks, such as Facebook networks. One cannot add networks, one may only change to another network. On Twitter, you may follow or be followed by any number of people from anywhere, however, it becomes extremely crowded and tweets may blow by like a bullet train without ever being read if one follows too many people.

Techno-democracy in Twitter is difficult because one cannot see feetback after tweeting. To organize like they did in Egypt, one must somehow follow a martyr. There must be some martyr in the West to follow, or an organization to follow that is devoted entirely to the free-flow of information and the enforcement of transparency of government.

We can only trust those who are honest about their motives, and since there are no leaders in the world who are willing to be honest about their motives, we can only trust those who are willing to expose dishonest leaders.

What does this have to do with the Stock Market? Take a look at stock prices as they reflect the rising price of oil. Do they appear differently than at the beginning of the War on Terror, the recessions of 2001 and 2008? It's because nobody believes the rhetoric of the institutional investors and their lapdog business news publishers anymore.

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