Please read the prior post regarding The Structure of Scientific Revolutions and the need for a new financial paradigm.
Here is a quote from page 5 of the 1970 second edition of that book. If you substitute "finance" or "financial" for "science" or "scientific", you will see the point.
"Normal science, the activity in which most scientists inveitably spend almost all their time, is predicated on the assumption that the scientific community knows what the world is like. Much of the success of the enterprise derives from the community's willingness to defend that assumption, if necessary at considerable cost."
We are all suffering the "considerable costs" of the financial community's willingness (nay, eagerness) to defend its "assumptions". But they did not even know what their own companies were like, to say nothing of the financial world as a whole.
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