 Bankruptocracy |
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Business
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| Bankruptocracy |
 1 Apr 2011, 07:35 AM
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 Administrator  Group: Admin Posts: 118369 Joined: 3-June 05 From: Athens, Greece Member No.: 1 Zodiac Sign:  Gender:   |
The Road to Bankruptocracy: How events since 2009 have led to a new mode of reproduction “We are now in the phase where the risk of carrying assets with borrowed money is so great that there is a competitive panic to get liquid. And each individual who succeeds in getting more liquid forces down the price of assets in the process of getting liquid, with the result that the margins of other individuals are impaired and their courage undermined. And so the process continues…. We have here an extreme example of the disharmony of general and particular interest…”  CODE http://yanisvaroufakis.eu/2011/03/02/the-road-to-bankruptocracy-how-events-since-2009-have-led-to-a-new-mode-of-reproduction/
--------------------    c:\ When the going gets tough, the tough get going ... |
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