Yes, the markets have become a hybrid of human and machine intelligence. Yes, the speed of trading has increased, so that a human trader not paired with that machine has become prey, not predator. Yes, the market is increasingly made of complex financial derivatives that no human can truly understand. But the key lesson is one we have seen again and again. The design of a system determines its outcomes. The robots did not force a human-hostile future upon us; we chose it ourselves.
