> ((((((((((
>
> CB: Since it was bailed out when it lost its bet, LTCM was taking
zero risk. It was the opposite of a high risk taker , yet it is
"rewarded" the most of all because it claims to take risk.
>
> (((((((
=======
Ex ante it took the risk. Ex post, the risk was diffused. Socialism of
risk is just an egalitarian diffusion of risk. The calculus of
diffusion of risk is the politics of finance capital. It's the ex
ante/ex post issue that's problematic if we accept that 'future' is as
much an act of creation as discovery.
Ian
