Free markets are efficient.
Free markets are self correcting. When demand exceeds supply, prices rise and more enter the market. When prices fall and an enterprise is not longer profitable, it fails. History and geography are littered with the skeletons of failed enterprises but at least for a time, we succeed best by doing what we do best.
Free markets are natural.
Yes, Nature is a free market, and that is where it becomes really scary because, like our towns and farms that are littered with the skeletons of failed enterprises, the history and geography of Nature is littered with the skeletons of failed species and we are not immune.
In the free market of Nature, species evolve to fill a slot in the ecosystem. If you fit the slot well, your species thrives. If not, it dies back so populations and resources are in equilibrium.
But we have changed the rules. We no longer evolve to fit our slot. We have found ways to change our slots to fit us, so our numbers have exploded. Can we avoid ‘market correction’? Of course not but we are in denial as has always been our nature. Diligent investigation identifies the problem and accurate identification suggests solutions. So why are we not choosing solutions?
Hope trumps action. Hope makes us feel better so we ignore the hard choices. We have faith that problems will solve themselves eventually one way or another and they do, sometimes killing us in the process.
So, are we on our way to extinction?
All species are but few have gone through the cycle of evolution from emergence to extinction quite so fast. If history is any guide we are on track to be the shortest lived species ever. But there is hope.
We are the first species to predict its own demise and the first to have the technology to prevent it, so there is a choice. Do we choose sustainability and suffer the cost, or do we procrastinate and find ourselves fighting to the death over the scraps?
Both choices are being made now. Some are fighting, some are cooperating. So how do we choose cooperation? How do we stop those are who will choose war in our name?
War has always been the default position and it did serve its purpose in Nature, but all-out war is now too destructive; too final. We can no longer let it happen. So are we thinking? Are we being brave enough to speak up when our friends are spouting political slogans, unaware of the implications? Are we asking the hard question? Are we demanding a future? Are we thinking big-picture, speaking out, voting, evolving?
On a good day, I believe reason will prevail but on a bad day I despair.
Make my day!