I always found the appeal to the market gods a bit odd. Why would the market fix mistakes instead of aggravating them?
Sentiment: NEGATIVE
The market is no god - it cannot solve every problem.
Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.
The free market is not a god; we have to do everything we can to make the market competitive.
One of the appeals of markets, as a public philosophy, is they seem to spare us the need to engage in public arguments about the meaning of goods. So markets seem to enable us to be non-judgmental about values. But I think that's a mistake.
There are values of humanity, culture, beauty, community that may require deviations from the cold logic of market theory.
It bothers me when people spoil the market.
The market, as we're all painfully aware in the aftermath of the banking crisis, can be an idiot. It has no perception of right or wrong, or even sensible or insane. It sees profit.
Here in Davos, it is generally assumed that there is now only one god - the market.
When the market goes to hell, it's more of an opportunity than a problem.
The atheist market is a very overlooked and powerful market, it turns out.