Asian Quote by Paul Virilio
“We have already seen some instances of systemic risk in recent times in the Asian financial crisis. But what sparked off the Asian financial crisis? Automated trading programmes!”
About This Quote
Source Speech: Commentary on Asian Financial Crisis, 1998
The quote suggests that automated trading systems were a key trigger for the Asian financial crisis, highlighting technology's role in amplifying systemic risk.
In simple terms: Automated trading helped cause the Asian crisis.
Recognize tech's impact on market stability.
Themes
Mood
Type
When to use this quote
- financial analysis
- policy making
- investment strategy
- regulatory review
Key Concepts
Questions to Reflect On
- How do automated systems amplify market shocks?
- What safeguards can mitigate tech‑driven risk?
Automation can also improve efficiency and liquidity, not just risk.