- Capitalism and Alternatives -

you watched that?

Posted by: Gee ( si ) on May 05, 1999 at 18:25:50:

In Reply to: Doozers V.Fraggles. posted by Red Deathy on May 05, 1999 at 17:19:40:

: 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.

Leaving aside the 'wonderful shared world nonsense (they cant benefit from the use of global property - only that which is at their disposal). The second sentence describes a violence.

: 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.

Such stocks (like internet stocks) tend to correct pretty shaply. If someone 'got away' before this happened what would have happen? Shoot them? Remove their gain coz they werent playing cricket?

: 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?

Look at the annual rise in total stock value, moderate it with inflation, the result is positive. Look at unemployment figures over the years - shockingly consistent.

: 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)...

At least you did. the problem is that I can find contradictory figures at dismal.com, at the bank of montreal economic centre and various other places.

The UK/US productivity gap was discussed in 'the economist'. guess what their conclusion was? Yes, that naughty govt ruining it all again.

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