[p2p-research] "Games of Confidence" --Bruce Sterling

[marc fawzi]

"As 2009 opens, our financial institutions are deep in massive, irrational
panic. That's bad, but it gets worse: Many other respected institutions have
rational underpinnings at least as frail as derivatives or bundled
real-estate loans. Like finance, these institutions are social
constructions. They are games of confidence, underpinned by people's solemn
willingness to believe, to conform, to contribute. So why not panic over
them, too?"

http://www.seedmagazine.com/news/2009/01/2009_will_be_a_year_of_panic.php
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