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Indeed, but are you arguing for the abolishment of loans for investments, one of those financial services that actually make good sense?

And additionally if we talk about loans, we are talking about something else than extracting rent from natural resources, we are talking about extracting rent from financial capital.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Tue Aug 18th, 2009 at 01:42:53 PM EST
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I am not arguing against loans in general, I am hardly arguing at all in this sub-thread. I am trying to bridge a difference in communication styles (and hopefully learn something from it).

And additionally if we talk about loans, we are talking about something else than extracting rent from natural resources, we are talking about extracting rent from financial capital.

But financial capital - as opposed to capital in the forms of machines and other means of production - is simply a relationship. As is leasing. And in both cases the person who puts in labor and real capital pays part of the produce of the land to the rentiers that allows said person to use the land.

Those rentiers would be the freeloaders in question.

A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!

by A swedish kind of death on Tue Aug 18th, 2009 at 02:27:43 PM EST
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