The recent financial crisis brought back memories of ‘Black Monday’, October 19th, 1987, the day of the greatest financial crisis of the late 20th century and the day the concept and practice of automated trading entered the consciousness of millions of people around the world.

“Imaginary Wealth”. In Search of An Ethical Justification

The ethical value of the capitalist system, of the form in existence in most countries today, is inherently dubious; Some of the typical accusations is that it’s biased towards profit while ignoring arguably much more important aspects of life and society, the human civilisation, personal and social liberty and the environment. That it is unjust and anti-competitive and exploits the weak while protecting the strong and rich — see how debt, prosperity and personal freedom have shifted all over the world, but specifically in the third world in the last forty years. That it is deeply inefficient and promotes corrupt practices. That it presents the illusion of freedom when in reality it is as restrictive as most of the totalitarian systems in the history of mankind, only softer and less aggressive. I’m sure that many will agree with the above criticism while many others won’t. It doesn’t matter.
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