Doug:
> It's very difficult to separate "speculation" from the normal
> operations of capitalism, though populists, who want to separate
> a good productive capitalism from a bad parasitical kind, would
> like to.
I don't know what exactly this means Doug! Sure, speculation is part of the
normal operations of capitalism, but there is ample evidence that much of the
price inflation in commodities, oil included, is because of speculation rather
than increased demand.
There is no good capitalism, as far as I am concerned.
Best,
Sabri
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