A Biological Walk Down Wall Street
Economics, Symbiosis and Parasitoids
Date Written: 30/09/2008
Year Published: 2008
Resource Type: Article
Cx Number: CX8032
Wall Street today, with the collapse of Freddie Mac, Fanny Mae, AIG, Lehmann Brothers, Washington Mutual and the rest as to come, is highly reminiscent of that scene in "Alien" (Ridley Scott, 1979) where the parasite begins to burst out. The host is the free market. Feeding the parasitoid more, in sense of allowing it to nourish on public funds as new host, will have the same denouement, only this time the host will not just be a particular market, but the whole market, and the society reliant upon it.