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Investments > Investing Science > Re: Financial S...
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Re: Financial Sector self-destructing

by Jerry Kraus <jkraus_1999@[EMAIL PROTECTED] > Apr 1, 2008 at 07:38 AM

On Mar 31, 2:27=A0pm, forbisga...@[EMAIL PROTECTED]
 wrote:
> On Mar 31, 9:45=A0am, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
>
>
>
>
>
> > On Mar 31, 10:47=A0am, forbisga...@[EMAIL PROTECTED]
 wrote:
>
> > > On Mar 31, 7:50=A0am, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
>
> > > > Obviously, if everything is "Capital", then we are all
"Capitalists"=
,
> > > > by defintion. =A0So, there ARE no other economic systems.
>
> > > To the extent one produces based upon one's own capital one
> > > is a capitalist. =A0Most of us are capitalist to a limited
> > > extent related to our retirement and to our futzing aroud
> > > the house.
>
> > So, in what possible sense were Mao Tse Tung, Joseph Stalin, Vladimir
> > Lenin or Karl Marx not Capitalists, by the definition of Capitalist
> > economists? =A0Everything everyone does must be based on Capital,
> > according to their definitions.
>
> These people were not capitalist because they didn't believe
> in private owner****p of capital. =A0All but Marx are sometimes
> called State Capitalists, that is the owner****p of capital
> falls into the hands of the state and is controlled by its
> power structure. =A0Marx envisioned the state fading away.
>
> Marxims will never work because different people have different
> abilities and many are greedy. =A0The state cannot fade away.
>
> The rest of the poeple you mention found another way to
> control capital.- Hide quoted text -
>
> - Show quoted text -

I think you'll find that virtually no one outside of the American
professional economics community accepts that "everything is
Capital".  The concept would be considered psychotic: no morals, no
thought, no religion, no creativity, no insight, no inspiration etc.
You may babble incoherently about attributing precise market values to
all of these things but that is all it is: incoherent babbling.  Such
madness does tend to explain the excesses of certain elements of the
business community however, and the dangerous influences they
sometimes have over government policies.
 




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Re: Financial Sector self-destructing
Jerry Kraus <jkraus_19  2008-04-01 07:38:21 

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tan12V112 Thu Aug 21 16:40:35 CDT 2008.