What is always required is some sort of oversight to ensure that the resources in a system are deployed properly. Why else do we have operating systems overseeing resources in a computer system?
A commentary on my — somewhat personal and, therefore, potentially subjective — observations on computers and computer-to-computer communications as they influence, or are influenced by, economy, management, natural languages, politics, stock market, technology, telecommunications, and Vedanta. Life is an inextricable combination of all these things and more.
Sunday, November 30, 2008
The US Financial Meltdown.
In his op-ed column titled All Fall Down, Thomas Friedman provides a rather succinct account of the chain of financial missteps that the US financial environment was able to permit in recent years. This is a good reminder, and an analysis, that some form of regulatory oversight is required to prevent such meltdowns from occurring. Thus, the ideological "hands-off" approach of some politicians regarding the economy is very flawed.
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