{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"e613fff5-9eda-4e8d-b348-903e6d630253","title":"黑箱社会 控制金钱和信息的数据法则＝THE BLACK BOX SOCIETY","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787508655208","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"e613fff5-9eda-4e8d-b348-903e6d630253","id":"e613fff5-9eda-4e8d-b348-903e6d630253","uuid":"e613fff5-9eda-4e8d-b348-903e6d630253","title":"黑箱社会 控制金钱和信息的数据法则＝THE BLACK BOX SOCIETY","normalized_title":"黑箱社会控制金钱和信息的数据法则theblackboxsociety","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787508655208","isbns":["9787508655208"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":318,"navigation_url":"https://workshop.closeclaw.top/ai/book/e613fff5-9eda-4e8d-b348-903e6d630253","title_url":"https://workshop.closeclaw.top/ai/title/%E9%BB%91%E7%AE%B1%E7%A4%BE%E4%BC%9A%20%E6%8E%A7%E5%88%B6%E9%87%91%E9%92%B1%E5%92%8C%E4%BF%A1%E6%81%AF%E7%9A%84%E6%95%B0%E6%8D%AE%E6%B3%95%E5%88%99%EF%BC%9DTHE%20BLACK%20BOX%20SOCIETY","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/e613fff5-9eda-4e8d-b348-903e6d630253/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/e613fff5-9eda-4e8d-b348-903e6d630253/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/e613fff5-9eda-4e8d-b348-903e6d630253","page_url":"https://workshop.closeclaw.top/api/ai/books/e613fff5-9eda-4e8d-b348-903e6d630253/page","search_url":"https://workshop.closeclaw.top/api/ai/books/e613fff5-9eda-4e8d-b348-903e6d630253/search"},"page":{"printed_page":194,"pdf_page":213,"physical_index":213,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"1186a47dbc8ac955f83f626ddecaf492e0e9446c8d70e6791a4309acf37e2315"},"chapter":"第三章","content":"“自由市场”是金融权力理论的核心，也是基本经济知识的来源。如果没有大型经纪行和“银行控股公司”，我们怎么样对债券、股票或包含更多风险的衍生产品进行定价呢？然而，在金融化的进程中，公司、房产的价值，甚至是（鉴于实施紧急救助的迫切需要）一向坚如磐石的政府承诺都不再稳定。请回想一下赫尔南多·德·索托在本章开篇给出的研究结论：当欠付和所有权的基础混淆不清时，真正的市场就难以运转。在这样极端不稳定的环境下，金融市场繁荣起来并给出现金承诺，虽然投资者们(更多情况下是他们的代理人，而且这些代理人鲜少受到监督)对期货产品知之甚少，但仍争先恐后地进行投机和套期保值。\n\n如同员工们希望在公司的工作评分算法中获得高分，或企业急于获得最佳的搜索引擎结果一样，如今公司竞相通过理财商行来对投注和对冲进行正确组合。权威算法机构负责管理这些程序以便做出对自己有利的调整。政策制定者们尚未对此制定必要的监管措施。下一章将阐述如何在既有的监管模型下做得更好。最后一章发出警告，必须采用全新的监管范式来治理黑箱金融。\n\n黑箱社会The Black BoxSociety\n\n194","previous_page":193,"next_page":null}