[lbo-talk] Financial collapse or financial consolidation?

moominek at aol.com moominek at aol.com
Sat Oct 4 09:57:33 PDT 2008


Shane Mage wrote:


>Double-entry bookkeeping has been around for some 700 years now.
That's not a "strict financial sense," that's elementary financial literacy.    Yes, and we will need it in communism too. But most people I know still see Double-entry bookeeping as a special technique of fraud:

one entry - the true one - for the employer/the proprietor, the other entry - the false one - for the rest of the world.

Elementary financial literacy I met quite seldom in our work in rank and file unionism. Part of the problem is the unwillingness to share, even only for am moment, theoretically, the perspective of the bosses.

Sebastian

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