On Apr 25, 2012, at 7:52 PM, Doug Henwood wrote:
On Apr 25, 2012, at 6:15 PM, Jim Devine wrote:
but what do they produce?
Profits.
They consume profits, they don't produce them. Their
"industry" (except commercial banking, which is an unproductive though
necessary form of labor) is entirely parasitical. It's symbolized by
the criminal scam of every investment bank etc. paying huge "salaries"
and "bonuses" to traders for playing a zero-sum game in which there
are no net gainers, therefore no "profits," while barefacedly claiming
that this scam is essential to their business and to the whole world
economy. The mafias, to the extent they employ prostitutes, drug
makers, and smugglers produce more profit than all the banks.
Shane Mage
This cosmos did none of gods or men make, but it
always was and is and shall be: an everlasting fire,
kindling in measures and going out in measures."
Herakleitos of Ephesos
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