[ExI] How slow is capitalism?

[Keith Henson]

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.

Keith

> 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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>
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