[ExI] How slow is capitalism?

Jones Murphy morphy at alumni.caltech.edu
Wed Apr 27 05:41:31 UTC 2011

Keith, you're sounding like the old-school manual traders who hate
program trading as much as you do. How slow do trades need to be
before you'll consider them capitalism?

On Wed, Apr 27, 2011 at 7:21 AM, Keith Henson <hkeithhenson at gmail.com> wrote:
> On Tue, Apr 26, 2011 at 8:20 PM, Olga Bourlin <olga.bourlin at gmail.com> wrote:
>>> It should be a *hanging* offense to employ scientists or engineers in
>>> the kinds of stupid games they play on Wall Street.
>> So what have you got against capitalism, Keith?
> Can you make a case that trading stocks on a time frame of
> milliseconds *is* capitalism?  If you can explain how this invests
> capital in productive industry I would sure like you to do it.
>> (Ah, but at least you
>> support lynching!)
>> How very interesting.
> "Racial and ethnic prejudice is notably uncommon [among hackers] and
> tends to be met
> with freezing contempt."
> Keith
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