On Thu, 2008-10-02 at 15:02 -0400, Charles Brown wrote: > CB: I'm trying to think of what is the social utility of the whole Wall > Street banking sector. How is it in the best interest of society as a > whole for the Wall Street bankers to hold such gigantic amounts of money > ? or funny money ? or "debt-money" ? fictional capital or value ? Is it > really in the best interest of most of us to "credit" the creditors with > owning such a large proportion of the total wealth or the total amount > of money ? Do their activities really contribute so much to the > commonweal such that they should be credited with holding so much of the > total wealth of society ?
You have a nice graph of financial vs non financial profits breakdown by "Jerome a Paris" in the first article on the "Anglo disease" on eurotrib.com: http://www.eurotrib.com/story/2007/6/18/12325/4352 List of articles on this topic: http://www.eurotrib.com/?op=displaystory;sid=2008/4/8/65846/86979 Laurent _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
