Saturday 18 October 2008

Early halloween post: Skeptical Ethics and the Deflation of the Uber-bubble (Crashes of 1873 & 1893)

Wikipedia (the moment of telos of human intelligence) tells us:

That in May of 1873, just as the global economy collapsed, barbed-wire was invented, and Jesse James carried out the first successful train robbery.

[Aneconomy: What is taken, is also taken.]

and that in 1893: "The huge spike in unemployment, combined with the loss of life savings by failed banks, meant that a once secure middle class could not meet their mortgage obligations. As a result, many walked away from recently built homes. From this, the sight of the vacant Victorian (haunted) house entered the American mindset."

[Many are still vacant (in Philly, say); many more vacancies are being added (in Stockton, say). As long as territories (dwellings) multiply faster than people, the periodic bubbles will only continue to deflate the larger bubble of monumental history.Nice to think the spectrality of the haunted house as the hope of abandonment, rather than the abandonment of hope. Lets add the McMansions to the ranks of the scary-beautiful!]

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