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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mark Adams who wrote (40866)	11/5/2003 4:08:03 AM
From: Raymond Duray	Read Replies (2) of 74559

*Re: 'Soul of Capitalism?* This is as silly as that other world class oxymoron, Military Intelligence. I've read William Greider's "Secrets of the Temple", greatly admiring his ability to explain what the FRB tries so hard to keep hidden. I've read "One World, Ready Or Not" and regard it as one of the most honest books ever written on the corrosive effects of globalization. I've read a number of his jeremiads in the Nation. Perhaps he wrote the "Soul of Capitalism" simply because he became so weary of the bleak reality of capitalism's inexorably inhuman, relentless destruction of the beauty of existence. I wouldn't blame him. His message was pretty depressing. He focused on the people huddled on the grates, not the grateful few who have absconded with the loot they've stolen in "late hours trading" scams or phony wars in the Middle East. I'll have to take a look at "Soul of Capitalism". In the meantime, you might be interested in the Mondragon Cooperative System. sfworlds.com Capitalism is an evil and inhumane system of exploitation at its essence. It is only made tolerable by the imposition of labor, anti-trust and environmental laws that tame its ruthless nature. ******* Re: In the past, I've stated that because of the Net Present Value function and discounting of future cash flows, our culture has a fixed mindset about 'harvesting' all possible resources ASAP. We know this clearly isn't sustainable, Right then, let's agree right here and now that the entire basis of Western economic theory is a crock of sh!t. It has always assumed that the planet is infinite and that depletion isn't a word in the vernacular. Basically, economists are soothsayers who must know by now that they are completely full of hot air, at best. Paul Krugman and a few other dissidents excepted. <g>

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