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Lethal fresco
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May 10th, 2010, 07:40 AM
Pentegarn, fair enough, I can agree with what you're saying (however Kahljorn's "reply" leaves a bit to wish for), even though I think you may be splitting hairs a bit. It sounds a bit like when communists defend communism in the similar fashion ("what we've seen haven't been true communisms").
For most people, economists included, value-for-value trading isn't some sort of mandatory ingredient of a financial capitalism. However, the complex system of financial intermediaries that toy with money that isn't theirs is sort of a cornerstone.
Let's at least agree that the whole process of spending money that doesn't exist is symptomatic of a capitalism. It's also precisely what's caused the recent crisis.
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I dream of houses
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