Max Sawicky sawicky at
Wed Aug 30 08:51:15 PDT 2000

DD, re mkt socialism: ". . . What you've now created is a capital market, the only difference being that the claims being traded don't represent the right to extract surplus-value. . . .

Isn't the interest payment surplus value?

" . . . investment bank middlemen and just hand social investment funds to the existing project managers in proportion to their success. . . . "

Who's to say that investment in proportion to past success is the best allocation of capital? If it isn't, mustn't you have a capital market?


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