[ExI] How slow is capitalism?

[Keith Henson]

On Wed, Apr 27, 2011 at 6:31 PM, Samantha Atkins <sjatkins at mac.com> wrote:
> On 04/26/2011 11:41 PM, Keith Henson wrote:
>>
>> On Tue, Apr 26, 2011 at 10:41 PM, Jones Murphy
>> <morphy at alumni.caltech.edu>  wrote:
>>>
>>> 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?
>>
>> You can call it capitalism if you want and I will call it a colossal
>> waste of talent.
>>
>> But don't complain when you wake up one morning and the power is off
>> for good along with the Internet and nobody has any idea of how much
>> "money" they have because it was all recorded in magnetic dots on
>> spinning disks.
>
> You will blame the power being of on capitalism though or even on automatic
> trading rather than on government where I am quite certain almost all the
> blame actually belongs?

You are right.  The government should change the laws so MIT EEs, MEs,
etc graduate don't get sucked into Wall Street casinos and do
something useful.

Keith