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It harvests them, and transforms them into economic resources, but it does not make them.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Thu Jan 3rd, 2008 at 10:13:42 AM EST
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The market doesn't make them, so it just doesn't make sense to pretend that it does.

That what I meant makes sense. For a while.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Thu Jan 3rd, 2008 at 11:57:43 AM EST
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In the FT sense of the phrase ... can help contribute to ensuring that those who are currently winners continue to win ... yes, it may make sense to pretend they are what they are not.

From the perspective of understanding what is going on around us, it doesn't make sense to pretend that fictitious commodities are products of the market in either the long term or the short term.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Thu Jan 3rd, 2008 at 12:02:19 PM EST
[ Parent ]

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