I've just read an article about HFT (High Frequency Trading) which suggests that, in the not-too-distant future, there will be no human "Traders" as such. Just a bunch of algorithms on computers all interacting with each other so fast, no human will be able to keep up with it.
Or should we just go back to living in caves and trying to kill each other with pointy sticks?
Or should we go back to living in caves and trying to kill each other with pointy sticks?
You make it sound like there's an viable option? The Greeks are almost there
The HFT thing means businesses are in effect owned by people who are probably not even aware that they own them, a share holder could own shares for just a few moments - they no stake or interest in the business just an interest in momentary changes. Meanwhile as an employee you are effectly employed by and answerably to nobody or anyone.
Life is starting to increasingly resemble a distopian sci-fi novel. 
Or should we go back to living in caves and trying to kill each other with pointy sticks?
I can think of more enjoyable things to do with my pointy stick.
living in caves and trying to kill each other with pointy sticks?
isn't that just a metaphor for capitalism anyway ?
Capitalism would involve paying people to kill other people with pointy sticks whilst enjoying a nice horn of yak's milk in a nicer cave several miles away.
Capitalism is a metaphor for Darwinian Natural Selection, the survival of the fittest. It seen as 'natural' and any attempt to restrain capitalism by governments or others as 'un-natural'.
Pity is it starting to seem to be the case that symbiosis, co-operation and colaboration rather than competition might in fact be the driving evolutionary force. So capitalism suffers from 'Darwins Blindspot'
Capitalism would involve paying people to kill other people withpointy sticksbig guns whilst enjoying a nice milky coffeehorn of yak's milkin anicer cavecountry several thousand miles away.
FTFY 
I've just read an article about HFT (High Frequency Trading) which suggests that, in the not-too-distant future, there will be no human "Traders" as such. Just a bunch of algorithms on computers all interacting with each other so fast, no human will be able to keep up with it.
It's worse than you think. Trading companies are already buying space to build datacenters in places where the speed of light becomes less of an issue to trading speed.
Mind you, loads of unemployed traders might be an amusing sight - 'Will hedge for coins' that sort of thing.
It's worse
?
I've just read an article suggesting that HFT, given that it's based on algorithms similar to those that caused Black Monday, is an example of just because we can it doesn't mean we should.
Capitalism: RIP jobs
Pity is it starting to seem to be the case that symbiosis, co-operation and colaboration rather than competition might in fact be the driving evolutionary force. So capitalism suffers from 'Darwins Blindspot'Except of course that symbiosis, co-operation and collaboration also exist in the capitalist world...
Except of course that symbiosis, co-operation and collaboration also exist in the capitalist world...
You would struggle to describe symbiosis, co-operation, and collaboration, in the capitalist world as its "driving evolutionary force". As maccruiskeen correctly points out "competition" is offered as the driving force.
Until of course a monopoly is established, then competition goes out of the window and it's a case of "fill yer boots"
Mr Woppit - Member
I've just read an article about HFT (High Frequency Trading) which suggests that, in the not-too-distant future, there will be no human "Traders" as such. Just a bunch of algorithms on computers all interacting with each other so fast, no human will be able to keep up with it.
There will always still be human traders even though HF is very popular and will become more popular. Trading is done in different ways from different angles and certain types of investment will be human lead.
maccruiskeen - Member
Capitalism is a metaphor for Darwinian Natural Selection, the survival of the fittest. It seen as 'natural' and any attempt to restrain capitalism by governments or others as 'un-natural'.
That is a misquote of Darwinianisum.
As others have said in another thread I can't find there is a presumption of continual growth with finite resources. We will still get some global growth due to emerging markets but who know what will happens locally.
what do you care about woppit?
In what sense?
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