Under socialism you would have investment choices -- and dilemmas. In both cases you are sacrificing something useful for an uncertain prospect with a long lead time.
On Thu, Oct 23, 2008 at 2:25 PM, Carrol Cox <[EMAIL PROTECTED]> wrote: > > > Max Sawicky wrote: > > > > Methinks optimism bias is not unique to capitalism. Just ask Don > > Quixote. > > No, of course "optimism in general" (defined, say, as a cheerful view of > expectations) is not unique to capitalism, but I think the kind of > _gambling_ optimism in regard to markets, o-rings, tail pipes, or levees > just might be especially prominenent, or have a intensified 'reach,' > under capitalism. After all, the core of capitalism is the "investment" > -- a gamble on a complex future set of interlocking conditions. > > CArrol > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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