How is "net worth" defined? When frequencies enter the economy, to be worth something they need returns from the already existing economy; (i.e.) debit entries made by others that in turn require returns to have been "worth"while. Assets=Debts; there is nothing economically (exchange-value) "net". As I see it, the "net worth" you have in mind is meta-economic and exists in terms of use-value only.
John V On 9/30/2011 7:36 AM, Jim Devine wrote: > yet another reason why net worth should be emphasized instead of debt. > Unless the Italian government gets a good deal by selling its assets > (which is quite doubtful), sale of assets to pay debts likely reduces > its net worth. > > BTW, how much of this bandwidth was purchased by Berlusconi and his cronies? > > Sabri Oncu wrote: >> http://www.reuters.com/article/2011/09/29/us-italy-asssets-idUSTRE78S5NK20110929 >> >> These guys are crazy, they are selling their natural monopolies for peanuts: >> >> "On a more modest scale, the Industry Ministry announced on Thursday >> that the auction to sell Italy's fourth generation mobile frequencies, >> which closed on Thursday, had raised almost 3.5 billion euros." > > > _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
