Re: [Marxism] Insurance against failure of capitalism

[Steve Palmer <spalmer999@yahoo.com>]

Credit crunch a la pomo ... LOL.

It's just a matter of "repairing the cognitive state of modern finance" ...
OMG.
"market liquidity depends on facts." !!!


--- Ruthless Critic of All that Exists <ok.president+marxml@gmail.com> wrote:

> End-of-the-World Trade:
> Donald MacKenzie on the credit crisis
> 
> "Last November, I spent several days in the skyscrapers of Canary
> Wharf, in banks' headquarters in the City and in the pale wood and
> glass of a hedge fund's St James's office trying to understand the
> credit crisis that had erupted over the previous four months. I became
> intrigued by an oddity that I came to think of as the end-of-the-world
> trade. The trade is the purchase of insurance against what would in
> effect be the failure of the modern capitalist system."
> 
> Full: <http://www.lrb.co.uk/v30/n09/mack01_.html>
> 
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"I study a lot. That is one of the responsibilities of every revolutionary." Hugo Chavez.


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