>>> [EMAIL PROTECTED] 08/29/01 08:30PM >>>
> ((((((((((
>
> CB: Here is risk again. I agree with what you say , but ..re: our
previous discussion of risk...the biggest corps use their power to
avoid risk.
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Right but that's not the same as saying risk does not exist or that
risks are never *taken*--passive third person. It's who creates risk
for who[m] that is of paramount concern when risk by definition is a
hot potato that never cools down and can,
metaphorically-surrealistically, get hotter. Same with taxation, the
ultimate hot potato. The emergence of the US as economic giant via
protectionism can be traced to Shay's Rebellion--a tax revolt, which,
while negligible in it's economic effect, sent a *huge* fright into
the early US ruling class, which was quite debt addled at the time...
Ian
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CB: I don't recall saying "risks are never *taken* - passive third person". My idea is
that the bourgeoisie are like active subjects ( 1st persons) in avoidng risks as much
as possible when it comes to their wealth and getting more of it. Does saying that the
bourgeoisie do everything they can to avoid risk rather than as claimed in their
mythology seeking out and taking risk mean that they are 100 % successful in avoiding
risk ? The main thing they do with respect to risk is to try to avoid it, even if
they are not always successful.
A measure of a monopolist is success in commanding avoidance of risk mechanisms.
Monopolists rule today.
So the justification of exorbitant compensation to the rich for taking more economic
risk is daft, a Big Lie in the rationale of the economic system today.
The risk is almost as illusory as the risk the house takes in big casinoes. There
isn't much of a turnover in the personnel who control the predominate wealth of the
globe.
I agree with what you said in the post I commented on
"It is tax exemption for corporations
that is being implemented by the WTO along with risk *displacement*. A
massive interference in the market in order to stabilize a few score
oligopolies. "
Shay's rebellion, and what about the Boston Tea Party , the anarchist , merchantilist
,tax rebellion. No taxation without representation and all that.
