Re: [tlug][OT] Free markets

[Josh Glover <jmglov@example.com>]

2009/3/5 Edward Middleton <emiddleton@example.com>:

> Stephen J. Turnbull wrote:
>> Edward Middleton writes:
>>
>>  > Because when the markets screw the pouch[1] we all end up in the ...
>>
>> That's pretty ungrateful of you; without markets you'd be scratching
>> dirt for nuts and berries.
>
> I wasn't arguing that markets aren't essential.  Though I don't know
> what you have against collecting nuts and berries, its an honest living ;)

Markets *are* essential, but you can (and must) separate the notion of
a market from the international financial system as it exists today.

Some pundit put it quite nicely (to my way of thinking) when he summed
it up as "privatised profit, socialised risk".

-- 
Cheers,
Josh