BB blog is hosting a set of links to a set of articles and audio explaining dislocations between the financial market and the real economy.

What this podcast and the article adds is a coda about how the use of “guesses” (or stock trades) as a way of weighing the ox quickly departed from guesses about the weight of the ox (or the value of a firm) and turned into guesses about other peoples’ guesses about other peoples’ guesses — a financialized system that soon has no connection to the real economy or the real ox. And it ends, predictably enough, when the ox dies.

The Parable of the Ox: podcast explains the disastrous separation of financial markets from the real economy – Boing Boing

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