Why do we create Markets?
A Market used to be a place where commodities could be exchanged for money. But the dynamicity with which this definition has changed is extraordinary. We do not need to be in physical contact to swap services or products anymore. We sometimes do not even need to be in any contact whatsoever. The art of selling has changed more than any other form of art in the past two decades. A seller sometimes knows more about the buyer than the buyer knows about himself (Okay Alexa, insert Siri). Where do Markets go from here?
After the Great depression, world markets had been seized. Not by the government authorities, but by the trade deficits. No one wanted anything to do with Markets for that brief period. That was 90 years ago. It is of no use to say how long could the people run away from trading. Whatever may have happened behind doors in World War 2, the United States saw a boom in its trades with Allies before they entered the war themselves. The British Empire poured all their loots from the colonies on the United States and the common wealth of American citizens was restored. That’s what happens in the world after the balance is tipped off. It is somehow stabilized again soon.
So no matter what you may have read or wrote yourself about the Covid-19 crisis and its impact on Global markets, it will become steady. And then there will be another crisis, and that will also die out. And then another, and another. The struggle of Sisyphus seems petty now doesn’t it?
In the centuries Post-Industrialization, there have been more debate about political theories than ever. Before that, however it was irrefutable, politics has become more technical now. Concepts such as Communism, Capitalism, Socialism, Sovereignty, Nationalism, etc have become the guiding forces of political debates. New terms are introduced every week and the lines are becoming blurry. On the top, when one adds the flavour of religion into these concepts, chaos is evident. The world may have become more connected now, but it surely isn’t becoming more understanding anytime soon. Whatever one may believe in, the global religion is Capitalism.
The world has become smaller post globalization and the people, more insecure. When one keeps on looking outward through his window, it is only a matter of time that he gets bored. And when he gets bored, he becomes involved in his institutional activities, which leads him to compare between his neighbour’s style of work and how he does things. He may or may not be better than the neighbour but that is irrelevant. He embraces his cocoon or how a political commentator would say, he becomes Conservative. And that’s the tea. This is the reason why most countries have an extreme conservative leader at the helm. But we do not care about the politics here, we care about market behaviour.
Market is a word that is thrown in your face more times than you can comprehend these days. I myself have mentioned it numerously. But my point is that it is one of the most transparent and competent phenomenon there is. The ever changing demand-supply equation is like trying to sit on a wild horse. But there are people who do it. There are companies who run like there is no wilderness to that horse. They don’t care about stability or constant revenues, they create and innovate and recreate. They factorize the demand and they control the supply. The grind is all there is. There’s no point in arguing what makes a market more dynamic and stable. There is only one guiding phenomenon and that is Money. The concept of monetary exchange is the fairest concept in the world. You have money, I have the product. Your need, my supply. No political belief, no religious belief and no national belief hinders this transaction. It is fair, it is quick and it is unbiased. Simple! All this requires a platform. No one cares if its physical or digital anymore. We’re all moths attracted to the lights coming out of the devices we hold and we have found newer ways to keep ourselves involved.
And hence, we create markets.
