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Rather, it is to help provide for global financial and economic stability.

And herein lies the problem: When the reach of the capital markets exceed their grasp to the extent that it does today, you can provide for either economic or financial stability.

Economic stability is best provided by telling the capital markets to fuck off and die and using the power of the sovereign state to underwrite industrial development until the capital markets have (been) rebooted and are back online in a less malign version.

Obviously, telling the capital markets to fuck off and die does financial stability no favours.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 25th, 2010 at 06:21:16 PM EST
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