slate’s moneybox column suggest the state of the global economy is due to being run by insolent toddlers, children and teens. an entertaining take on the situation, if so many of the comparisons didn’t ring so true, and that the market protects them.
There’s a final, telling way in which the markets are childlike. Children typically display an unwillingness to reckon with the consequences of their own actions. They look to parents to pick them up when they fall, and spare them from responsibility for their misbehavior. And parents will go to great lengths to insulate their offspring from the jolts the world can deliver.
slate: the toddler economy, by daniel gross