[ExI] How slow is capitalism?
Mike Dougherty
msd001 at gmail.com
Wed Apr 27 18:15:27 UTC 2011
On Wed, Apr 27, 2011 at 6:05 AM, Eugen Leitl <eugen at leitl.org> wrote:
> On Wed, Apr 27, 2011 at 11:46:48AM +0200, Jones Murphy wrote:
>> So answer the question, Eugen. How slow is real capitalism?
>
> The speed of the trades stands in absolutely no relation to
> whether the entities traded correspond to real value, or
> imaginary money.
This makes me think of a farmer watching a horse race... The
spectators cheer for their favorites and people win/lose tons of money
on the outcome of each race - yet the farmer sees none of that because
he's imagining which horse would be best for plowing his field. (for
the sake of this example we'll forget about the fact that probably
none of the race horses would be ideal for farm work, this is mostly a
visualization of rhetoric and not strictly to scale)
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