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Even there, there is need for allocation decisions to take place, at the firm level, albeit in a much more distributed, less centralised, way.

Fai de bèn a Bertrand, te lou rendra en cagant
by redstar on Thu Jan 1st, 2009 at 09:14:02 AM EST
[ Parent ]
Indeed.

The requirement is still there for providers of financial services. But as value adding partners, not as value extracting middlemen.

It's a market approach: but it's a market operating on a "Not for Loss" basis, rather than "For Profit". There is no "Profit" and no "Loss" within a partnership framework.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Thu Jan 1st, 2009 at 10:36:02 AM EST
[ Parent ]

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