European Tribune - Comments - Oh my, the alacrity!

Oh my, the alacrity! | 353 comments (353 topical, 0 editorial, 0 hidden)

Since "on s'en passe" of Wall St., why not give up banks altogether. Or currencies, for that matter :) Alright, I'm being provocatory. But it's not that simple to avoid intermediaries, in general. I would just ban computers from this business.

Free at last! Free at last! Thank God Almighty, we are free at last! (Martin Luther King)

by ValentinD (walentijn arobase free spot frança) on Wed May 20th, 2009 at 04:58:44 AM EST
[ Parent ]

Re: Huh? (none / 1)

Huh? Methinks you're confusing me with ChrisCook. I never said that we should abolish credit intermediaries. I just said that the part of the system that has to work all the time, every time, has to be public. Because otherwise, private gangsters can and will hold the public ransom every few years.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed May 20th, 2009 at 05:28:17 AM EST
[ Parent ]

Re: Huh? (none / 1)

I never said we should abolish them either, Jake, merely that they are unnecessary in a Peer to Peer economy, and I would now add that they are well on the way to abolishing themselves.

And btw it's not a case of either Public = State or Private = Corporation. It's quite possible to bring both within a partnership framework. Glasgow now has four genuinely municipal partnerships with private sector partners.

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

by ChrisCook (cojockathotmaildotcom) on Wed May 20th, 2009 at 07:21:08 PM EST
[ Parent ]

Oh my, the alacrity! | 353 comments (353 topical, 0 editorial, 0 hidden)

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