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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

The New Chaos

Politics / Social Issues May 25, 2010 - 12:57 AM GMT

By: Michael_T_Bucci


In last week's edition of Asia Times, Chan Akya correctly induces that the "new world" is one "where the definition of order is a state of continued chaos." He is speaking as an expert generalist about economics and the markets, but so too is this chaos found within every aspect of human society at this time and, I maintain, increasingly for some time to come.

Akya gives mention to recent non-financial upheavals in Thailand, the Gulf Coast, Korea and Iran. I add to these the presently "confused Democracies" in the West, the brutal austerity measures being enforced on the widest swaths of the middle and lower classes, and the political and emerging civic (read: civil) wars in America that reflect the battle between immense wealth, unbridled self-interest and insatiable profit motives against the interests, needs and rights of society as a whole. All these events are equally symptomatic of the new chaos because no single aspect of human life works in isolation of the whole. We are not atomistic cells adrift to fend for ourselves in a Darwinist society where only the fittest survive.

That may be the Austrian School's preferred universe, but it is not true and never was true. The markets present one snapshot of humankind, the red shirts in Thailand another, the Tea Party another, the new coalition governments in Britain and Germany another, and the Greeks yet another. Underlying them all is a momentous systemic shift. Taken together, they do form a picture.

To use a phrase from the psychologist and writer Diane Goble, if we can't now see the film it is "because we are in the frame".

It is important to meet change with flexibility and adaptability, and momentous change of a sweeping degree is ahead for all humanity globally. This is not a controlled event by coalitions of nations against other nations, by Brussels and what GEAB calls "the new Euroland" against the Dollar, British Sterling, Wall Street or "the City", nor is it a set of conspiracies hatched by financial elitists seeking world domination. While such events may be true, actual and real for a period, they are frames leading to the next frame. Yet, no one knows the final outcome as we are only in the top half of the second inning. By the seventh inning, this game may not exist; another may take its place. Such is chaos on its way to order.

There are two ways of meeting historic transformation: flow or impede. This is understandable to the Eastern mind whose ancient traditions suggest merging the transcendental grasp of life (Lao Tzu) with the political (Confucius). Nevertheless, whatever course is selected, it will not change the course of present history as history is not always human-made. For the sake of the Western materialist, the statistical and scientific mind, understand that humankind is about to take an evolutionary leap.

Whatever your nationhood, religion or economic status: Don't fight. Have faith.

By Michael T Bucci

Michael T Bucci is a retired public relations executive from New Jersey presently residing in New England. His essays have appeared at Market Oracle and Global Research. He is the author of nine books on practical spirituality including White Book: Cerithous .

    © 2010 Copyright Michael T Bucci - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

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