Keyword: markets

The Secretive and Exploitative World of High Frequency Trading

Picture: Phil Ebersole Video Dutch filmmaker Marije Meerman has produced a trilogy of films examining the secretive and exploitative world of high frequency trading. “Super-quick computers and advanced mathematical formulas have largely taken over trading on the financial markets from human beings”. Experts explain that algorithms are now the drivers of a system so complex that humans fail to comprehend it. “Algorithms secretly lie in waiting for the moment that your pension money gets on the...

Why We Shouldn't Trust Markets with Our Civic Life

Picture: Free Pic Video We have drifted from a market economy to a market society and one of its most corrosive effects is un-commonality, argues Harvard academic, Michael Sandel. Those who are affluent and those who have modest means lead separate lives. This isn't good for democracy. Democracy doesn’t require perfect equality, but what it does require is that citizens share in a common life. What matters is that people of different social backgrounds encounter one another in the ordinary course of life...