I have had several exchanges recently with people, who on various financial topics, have told me that something did not happen and indeed could not happen even though we could both see that it had, and then quoted text book theory to prove it hadn’t.
I tried to ignore the irritation but to no avail. So now I have to get it off my chest. So can I just say this – more for my equanimity than anything else:
All theories are provisional. Anyone who loses sight of that fact is a braying fool. Those who polish and worship their text book certainties are doing so because without certainties to wrap round their tiny un-enquiring minds they are afraid, or they are so happy that the lies and failed theories are making them rich and powerful so who cares about the truth.
There will always be, ‘what should have happened according to theory’ and ‘what actually did happen’. The gap between the two is the objective measure of the failure of the theory.
Look around! We were told what was supposed to happen. We are living in what did.
THAT and the still uncoiling power of the financial class and system to inflict misery, failure, impoverishment on us while becoming even richer themselves, and the “Gosh, that was a surprise!” headless-chicken reaction of our leaders and the financial press, is the measure of their failure and OURS.
I feel a little better now. Thank you.