>Doesn't most of the evidence support the notion that state-monopoly
>is the data shape of capitalism in 2001 ? Why is it that the hedge
>fund couldn't go bankrupt if it wasn't in a monopoly category
>qualitatively different than millions of small businesses ?
That the failure of a big financial institution could cause a cascade of failures leading to systemic crisis is hardly a new development. Using the word "monopoly" to describe the situtation is just a little misleading. There are thousands of hedge funds and thousands of banks in the U.S. alone.
Doug