Carrol wrote:

> But how does this necessarily mean
> anything bad for capitalism as capitalism?

People are watching, everywhere in the world.  It will be easier for
Chávez to persuade others to join him in a South American currency
bloc, or could at least help him make the point for greater commercial
and banking integration more persuasive to his colleagues and, more
importantly, to the peoples of South America.  He's been advocating
integration for a while.

An accounting fact: The weight of the U.S. economy is inflated by the
size of its FIRE sector.  Deflate FIRE and the weight of the U.S.
economy shrinks.  The U.S., like Seinfeld's George Constanza, should
worry about the "shrinkage" PR problem.
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