basically because the whole nature of the game is that a lot depends on your contacts, so it's bound to concentrate in the spots where financiers meet, eat, drink and sleep with each other.
best dd -----Original Message----- From: PEN-L list [mailto:[EMAIL PROTECTED] Behalf Of Yoshie Furuhashi Sent: 23 March 2007 23:48 To: [email protected] Subject: Re: Financiers' activities and wealth creation On 3/23/07, Daniel Davies <[EMAIL PROTECTED]> wrote: > I don't know why so many of us claim to > be "allocating capital" as if we were the equivalent of the Soviet planners, > but the things we do are useful and would probably need to be done in most > kinds of society not based on household production. But why do they get done in a select few places, especially London and New York? -- Yoshie
