- Capitalism and Alternatives -

Doozers V.Fraggles.

Posted by: Red Deathy ( Socialist party, UK ) on May 05, 1999 at 17:19:40:

In Reply to: Schmoover! posted by Gee on May 05, 1999 at 16:36:28:

: Also not good enough. The above require some people to lose their property? How, Who, Why and what happens if they disagree?

No, they don't loose their property, they gain property, they gain a share in everything on earth, a definite increase in overall value, even for Bill Gates. if they don't like it, fuck 'em, its a revolution.

: A misunderstanding of the stock market. Its there to raise capital for fruitfall wealth cretion endeavours. Gambling doesnt pay.

It does in the short term, people invest in stocks as they rise, and then sell to make a profit, and hence stock prices are driven up by a shares market distcint from teh value of the actual companies.

: More billions are made every year. Made.

And how many are just recovering the losses, and how many jobs are lost because of market fluctuations, and more to the point- how many pensions are lost?

: Show it

Robert bremner, New Left Review 229 1999, Rate of Profit For G7 nations 1950-199-something. Fraid can't show the graph here, you'll have to dig it out yourself. It actually shows a slight rise overall, since 1973 that is, but it doesn't come up to this year...the other graph I'm thinking of has disapeared from the net ;), I've also seen otehrs at www.tuc.org.uk/ but I can't remember exactly where on that site, stuff about incomes from shares, and productivity between US and Uk (pretty consistantly 40 points below the US for the last 40 years)...

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