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It is currently institutionalised suckering: what Galbraith memorably called "the Bezzle", when the losers don't know they are losing.

A couple of analogies come to mind: like a roulette wheel with half a dozen "zero's" with new ones being added all the time.

Or the analogy of investment banks with submarines: beautiful pieces of engineering, but with the malign purpose - sinking ships and launching nuclear missiles.

And we currently allow the submarines to manage the convoys and even make the depth charge settings....


"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sat Nov 11th, 2006 at 08:23:41 AM EST
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