Kamis, 18 September 2008

Socialist on Capitalism

They do not work, they do not produce, they trade money for stocks, stocks for bonds, dollars for yen, etc. They speculate that some way to hold their wealth will be safer and more remunerative than some other way. Broadly speaking, the global credit system has been changed over the past two decades in ways that pleased the speculators (Hahnel, 2000).

Robin Hahnel, “Capitalist Globalism In Crisis: Part One: Boom and Bust,” www.zmag.og.

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