I just want to thank those who replied. Ted's reply was especially helpful for me, as my formal schooling has been in a biological discipline. Can I try to briefly summarise one core?
It seemed to me that all three who replied were not impressed that the rapidity of turn-over of monies that have been made possible by the new instruments, relying upon electronic modelling and electronic communication - have made the current volume of trading-swopping-development of credit - into a qualitatively new phenomenon. (Just to be clear: It is irrelevant whether or not you believe in the Engels type of formulations of the laws of dialectical materialism is not at question - including a series of incremental changes into a nodal point at which there is qualitative change). I think all three of you seem to agree on that. Is that correct? I am not trying to put words into anyone's mouths, I just sincerely want to understand your perspectives. Again - many thanks for your considerations. Hari Kumar
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