People would go to the market see prices rising (inflation), see themselves getting pushed out of the market, and come up with all kinds of theories about what was happening - its the sea gods, its the rain gods, its the jews etc - we can't kill the gods so lets kill some jews. Nothing much has changed on that front with ignorant overconfident people.
However what was missed and non obvious to anyone in the market place, was one of the reasons prices can rise is too many coins get minted by the Kings or Govts to fund their debts and wars.
Once it became obvious, that when money printing happens at a rate faster than goods arriving in the market, prices will rise - we got Central Banks - who were given the task of controlling the money supply by monitoring price rise. Before that it was randomness and chaos, bank runs and bubbles.
The same thing is being missed on social media.
People assume when they don't get seen or visible its their fault or someone elses fault. What people are not seeing is Content is exploding but available pool of Attention does not grow at the same rate. Therefore when Supply (just like money supply) vastly outpaces Demand (attention pool) what happens?
These are Systemic Problems. Not caused or controllable by Individual Belief or Action. Only solvable at Systemic level. So we see never ending frustration, stress and anxiety about whats going on.
> the framing of every viewpoint as equally valid—regardless of depth or rigour
essentially leads to this:
litoE•9mo ago