The fact that markets are volatile is no surprise. What is different this time is that computers are the huge traders, where trades are dictated by computer programs, with complex algorithms, beyond the speed of human thought. We are reaching an ever-increasing point where human activity is becoming overwhelmingly computerized.
Computers are entrenched in nearly every aspect of finance, to the point where not only are the majority of stock trades made by computers ,but all types of financial transactions. From swiping credit cards, buying gas, to purchasing groceries, the computer network linking human transactions is a web that can track almost all civilized human’s every move.
Aviation, where pilots were at the controls and at the ready, have been regulated to about three minutes of actual flying time, where the pilot’s main duty is to turn on or off auto pilot. And computers are no stranger to other forms of transportation from GPS in automobiles to trains, submarines and space travel. Mankind is increasingly depending upon computer decision-making at its peril.
Every heard of Transhumanism (H+)? Essentially, it is the philosophy that technological advances will change humans to the point where humans are no longer recognizable as humans. Technology is touted as enhancing nearly every facet of a human’s being.
In the meantime, computers are tackling the mundane tasks of tracking human financial or social interests and transactions, so that individuals can be targeted in social media and other buying patterns for pinpoint advertising to extract even more money. And, as we’ve said before, computer technology is used for spying in a variety of ways. We’ve passed from George Orwell’s 1984 and beyond the ideas in the Tom Cruise movie, Minority Report with the concepts associated with “precrime.” The frightening part is that where we are going, in the future, only the computers may know.