As I dsaid, in the Schweickart model, investment is planned, so this wouldn't be a problem with socialist markets. In a message dated Fri, 14 Jul 2000 12:35:07 AM Eastern Daylight Time, Jim Devine <[EMAIL PROTECTED]> writes: << At 12:04 AM 07/14/2000 -0400, you wrote: >What system provides incentives to respond to accurate information fast. >In my way of seeing things, large corporations respond slowly and in an >imperfect way to market signals. Those with more reserve resources can >delay the respond for a longer period. One problem is that capitalists within the context of market institutions seem to respond _too fast_ to "market signals." This is where we get the complaints that businesses only care about the "bottom line" this quarter (or this _week_) rather than planning to maintain "long-term profitability." This encourages such phenomena as management fads, financial bubbles, corporate down-sizing, and the stampede of Thomas Friedman's electronic herd, encouraging employee cynicism and undermining consumer loyalty. (This "short-termism" arises from the domination of the bond-owners rather than that of the Harvard MBA, IMHO.) Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine >>
