Quote from jack hershey:
Over time, the financial industry has gone through several stages of progress. Throughout the last 50 years in my personal experience it has grown. The simple consequence is that the replacement value of basic needs of people has progressively increased in price. Therefore, being wealthy requires more capital as time passes.
Trading to gain wealth is the western equivalent of stakhanovist productivism. And where most of us would inevitably pick the excess of stakanovism, Trading to gain wealth remains essentially unchallenged.
Historically, commodity trading was amongst the first large scale trading application of this so called âscientific managementâ. Since it has penetrated most sphere of productions. It has been the arrow of progress and it is not politically correct to question progress nor its vector, in western society. It is the worse of all taboos. By definition, these traders are technologically superior and the rest is under development. Following our guidelines to become this type of trader. Anything else is obscurantism.
By definition, Trading to gain wealth, or its derivatives, is the indisputable productivist algorithm. By definition, this unquestionably smart mind creation materialized into unquestionably harmonious trading factories, producing unquestionably beautiful cars, unquestionably useful micro-wave to heat unquestionably delicious fast-food, or unquestionably clever nuclear submarines to tour and crash in our oceans. No questioning allowed.
Some humanists pointed to the suffering, the de-skilling, the de-humanising, to the alienation of the trading population. But then, the group benefiting from it, the emerging oligarchy found it perfectly acceptable.
Surely, such trading success and emancipating approach to work could not just remain under the hands of a lucky few traders. Trading to gain wealth was transposed to any form of management. Physical trader conditioning muted to intellectual conditioning, through some sort of trader mental implants. The problem is that we are totally unaware of the depth of penetration of these intellectual viruses, these mental screws . They belong to our mental landscape, like wallpaper. They have penetrated our reasoning and condition our reasoning. The algorithm of Trading to gain wealth is programing our thinking unconsciously, invisibly. We do not take decisions anymore. The algorithm does and is overruling us. But, we donât like the idea of the being conditioned. We would like it to be ideal and superior.
For example, most corporate bullshit trading bingo these days is nothing but approximate Trading to gain wealth. Trading slogans, internal communication, are nothing but taylorist mental implants to be accepted by the brain. âJust do itâ kind of trading slogans, progressively robotizing the traders thinking. The mind of an trader has to bend to the ideology of the market the same way the workforce of a car manufacturer has to bend to screw. An trader has to believe lies if requested. Swallowing marketâs slogans is what people dislike most in trades these days. But silence is the price of a profit.
Which corner of an market is not under the scrutiny of a debilitating taylorist algorithm or its derivatives these days ? What is stress if not the visible part of the iceberg of trading self-inflicting taylorist conditioning ?
Totally unscientific, absurd, counter-productive, costing more than the cost it scrutinizes, freezing creativity, stopping intelligence, sabotaging decisions, it does not really matter, as long as it looks like efficiency driven, and is coming out of suit-tie robots showing upside down excel graphs while mumbling sounds like management keywords. The smell of Trading to gain wealth is enough in our days of naivety. Ask the banks. Ask the credit victims. Ask Madof.
Re-structuring -an classic euphemism for sacking- whatever the context, is sometimes the only room for immediate efficiency gain. It does not matter if the trader will not survive in the mid term, as long as it looks efficient today. This is how far taylorist thinking has penetrated society. Self destruction. Sawing its own branch as long as it sounds productive.
The NYSE is not a place where emancipation of mankind is at stake anymore. NASDAQ is becoming progressively the center of a taylorist only driven by technology. Thinking under the auto-pilot of growth for growth. Where are the initial concepts gone ? Most official speeches these days are about increasing trading productivity. No more than a crude productivist conditioning. How fascinating. How emancipating. How enlightening.
âTrade more, to earn moreâ. Is this rat-race-slogan the SEC intellectual horizon of the XXIst century ? Is this rat-race-slogan, the conceptual enlightenment for the XXIst century ? Voltaires, Rousseau would be just ashamed of us. How much does this stupid productivist slogan weight compared to the smart conjunction and subtle equilibrium of concepts such as âLiberté-Egalité-Fraternitéâ ?
In a word, Trading to gain wealth -or its ersatz- has become totalitarian. It is everywhere and is unquestionable. Like the dogma of growth: work more, to earn more, to waste more, to borrow more, to work more⦠Until death happens.
How far are we willing to go with such debilitating societal programming about trading? How could we accept to go that far in the fragmentation of tasks and of thinking about trading ? How did we accept taylorist conditioning taking decisions for us ? What is this absurd race for the illusion of total trading efficiency all about?
How can we worship such fanatic trading algorithm ?
How did we not reject this absurd totalitarian trading productivism ? How did we let it become such a lethal mental deadlock ? How did we accept as a result trading to be pushed that far into materialism ? How did we not realize this developing mental illness called materialism in our trading ?
Some humanists point to the suffering of the population now being reduced to a workforce, to the millions of victims queuing at the doll. But then, the oligarchy found it perfectly acceptable.
This is even how it self-defines trading.