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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Father Terrence who wrote (21665)	5/17/1998 10:18:00 AM
From: epicure	Read Replies (1) \| Respond to of 108807

There is no morality in capitalism. It is an economic system. The fact that you invest it with morality shows just how invested and irrational you are. You have made it your religion. You might as well cast yourself a big golden statue of Ayn and bow down to it three times a day (perhaps you already have done).

To: Father Terrence who wrote (21665)	5/18/1998 5:39:00 PM
From: Jacques Chitte	Read Replies (1) \| Respond to of 108807

"the trader's philosophy" My question: How do you valuate something that you can pick up without paying cash for it? Like the Easter Islanders. Their island useta have trees. Made nice huts and nifty fires. Your avg. early Easter Islander would valuate wood based on its availability. As wood disappeared, it shot up in value. When the trees were gone, the ecology of the island was so hard hit that the island population died out. Not knowing this, you'd valuate wood as pretty cheap, back when there were a lot of trees. And you'd have a b***h of a time figuring out just when the ecological point of no return was crossed. Assuming it crossed your mind. Knowing this (if you could) - how would you recommend an early easter Islander to valuate a tree? The modern analogy is: What price should be assigned to an acre of swamp? (especially since we haven't yet built a complete picture of the environmental ROE of swampland!)What price should be assessed on a square mile of rain forest? If we take the example to its conclusion, and we think it's a good idea to maintain a sustainable biosphere right here on the Mama Rock, I'd wager it's a lot higher tahn current raw resource value. The trader's philosophy fails to discount for the dangers of ignorance. Honest ignorance, like Easter Island stove stockers.