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i don't see any problem with modified capitalism, but right now to get it to some really socially acceptable form, it need a massive intervention of compassionate concern for the common weal, such as probably initiated the jubilees of ancient times.

The problem is that ancient jubilees were instituted by sovereigns who were concerned with the political, economic and military viability of their states, though not so conceptualized, and who had the power to act. Instead, what we currently have in Europe is more like a pirates' cabal that has taken over a modern version of the Holy Roman Empire, (the EU), and the Papacy, (the ECB). The pirates can only agree on further looting and the HRE and Papacy are too fragmented to agree on a plan to stop them.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon May 23rd, 2011 at 10:19:36 AM EST
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how can you run a casino if players have no more chips?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
by melo (melometa4(at)gmail.com) on Mon May 23rd, 2011 at 05:44:18 PM EST
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I think you mean, "Work at a casino."

Clearly, running a casino is a longterm avocation. We have short-termers working the casino.

by Upstate NY on Mon May 23rd, 2011 at 07:43:46 PM EST
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