[ExI] Belief in Market Efficiency

[painlord2k at libero.it]

Il 31/01/2009 8.46, Damien Broderick ha scritto:
> At 06:19 PM 1/31/2009 +1100, Stathis wrote:

> In a thumbnail, yes. And the famous error of that analysis is the claim
> that the capitalist makes no remunerative contribution to the increase
> of wealth. Acknowledging this error doesn't, however, necessitate
> agreeing that every capitalist who can get away with it deserves nearly
> all the cream off the top, nor that other ways of handling investment
> cannot be as effective (see, as usual, some of the experience reported*
> of the Mondragon anarchistic cooperative approach in Basque Spain--which
> inevitably also has its detractors).

I would say that if their approach work well with them no one must 
interfere with them. If it really work, it will scale well to the 
hundreds of thousand. If it don't scale, good for the happy few.

For the capitalists, I will argue that, if they are able to obtain their 
wealth without force,  it is not someone else right to argue about what 
they deserve or not.

Do you remember what Gandalf told to the hobbit when they saw Gollum 
following them?

Mirco