Yves Smith Looks Backward and Forward on 2 Jan. 2015 - Perspective

700 blog entries in this blog that I started to discover what money is.  The blog explores other things, some related to the original intent, some just because they interest me.  However, looking back at all entries they do coalesce to some 6 to 10 basic conceptual categories.  I thought about that on New Years Day, 2015 and thought about describing what I think those general categories are.

It looks like Yves Smith at Naked Capitalism might have had the same thoughts that looked back at what started it all and where it went from there in  hindsight to become and come to the point where it is now in structuring some rational view of a complicated thing revolving around money, finance and all the things that relate to that and that is a whole lot of stuff.

My gratitude goes to Yves to organize so much into some comprehensive platform to present and intelligently analyze what she sees.  Not just her comments to kick off the discussion but those that support her by their contributions to deal with grasping the big marshmallow called the "Market", understanding it and work toward managing it rather than it managing us, detrimentally, either through self serving interest or our own failure to really see how it is working against the general well being.

Today Yves published her lengthy review and big picture comments.

Thanks Yves, you are the greatest inspiration.  Essentially, inspiration is the greatest thing to give.

Her last line from the link:

"And in contrast to the implosion that began in 1914, not only is the social order at risk, but so to is the environment on which we depend. The first time around, the struggle between market forces and social opposition was relatively novel, and some of the pushback came from businesses themselves. Now, we seem to have the veneer of democracy while in fact moving strongly in the direction of an authoritarian business-state combine, an improved version of Mussolini-style corporatism. Even though it seems unlikely that this system will unravel, the dissolution of a much more successful-looking world order was simply minconceivable in the summer of 1914. Highly-integrated cross-border market systems are more fragile than they seem, and we are stressing this one in far more ways than was the case a century ago."  

The comments on her perspective are pure gold!