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The stockmarket and pyramid schemes are examples of, what I call, a 'Multi-Expansion Copy Machine' where the system grows by making larger copies of itself until it reaches a Limit, which can comprise many different factors, and then abruptly collapse.  Since they are groupable under analysis they have common properties and have an intersection of the set of their attributes.  (In English, mostly they are the same but the differences are important.)

To an economist stock markets are Good/pyramid schemes are Bad.  Thus, economists resist seeing the commonalities.

by ATinNM on Wed Mar 7th, 2007 at 11:45:34 AM EST
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yes and there are also people who lack the insights or energy to understand the differences, and the different policy, or decision making, implications of the two situations.  Those with the energy and insight tend to do well in life.  Those without may write about how unfair and biased the world is.  

The world is of course unfair and biased in some areas--but personal growth and responsiblity has taken many people in history to great success, in many fields.  Great thing about life, we each get to choose our own mental attitude, our own work ethic, and then see what plays out.

by wchurchill on Wed Mar 7th, 2007 at 03:14:35 PM EST
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