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Adding something about the impossible durability of financial industry growth :

Functionnaly, the role of banking and financial markets in our large capitalist societies is the optimal allocation of real world resources. In other words, it is the industry in charge of establishing and putting into practice the plan. (This is how I justify my working in banking to my extreme leftist consciousness). Well, the impressive growth of banking is the same symptom as the growth of the Plan in the Soviet Union, and wealth capture by the nomenklatura in that place ; the deciders are improductively getting the larger share of production. The results will likely be the same.

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Sun Jun 24th, 2007 at 06:36:04 PM EST

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