[DEBATE] : Cost of steroids: $2,800,000,000,000 (yes 11 0's)

[Riaz K Tayob]

Getting back to the issue of benefits, what benefits are you toting up 
(as variables) for instance:

1. - the main one - spreading risks more broadly
2. giving over-accumulation a vent
3. access to finance for "necessary" economic activities...
4. increased liquidity
5. distribution of "wealth"

What are the variables which would inform benefits?

Derivatives, allow for rabid speculation, and as we see, with grave 
conseuquences. This type of speculation is very different from other 
risk taking activities and I simply refuse to equate Wall Street 
non-vanilla derivatives with "speculation" by for instance informal 
traders/hawkers... there is a qualitative difference...

Riaz

Doug Henwood wrote:
>
> On Oct 28, 2008, at 3:05 PM, Patrick Bond wrote:
>
>>> So why is this an international list?
>>
>> It's not, really - it's just got an overaccumulation of white male 
>> expat voyeurs like ourselves amused by matters southern African.
>
> Wasn't the struggle against apartheid an international one? What's the 
> point of all these social forums all over the place? As a practical 
> matter, it's impossible to ignore the nation-state, but really, don't 
> we want a borderless world?
>
>>> And why do you spend so much time traveling around the world?
>>
>> To throw cold water on global governance fantasies?
>
> You mean you gain nothing by talking to people and visiting places, 
> and people don't gain from talking to you?
>
> Doug
> ------------------------------------------------------------------------
>
> _______________________________________________
> DEBATE mailing list
> DEBATE at debate.kabissa.org
> http://lists.kabissa.org/mailman/listinfo/debate
>