[Marxism] WSJ: Fictitious Capital

[S. Artesian]

Hey John,

Hope everything is OK.  I'm getting pretty sick of these economic 
illiterates on Marxmail, particularly Bustelo-- who wouldn't understand 
Capital if you fed it to him with his mother's milk.

----- Original Message ----- 
From: "johnaimani" <johnaimani at earthlink.net>
To: <sartesian at earthlink.net>
Sent: Saturday, April 04, 2009 7:44 PM
Subject: [Marxism] WSJ: Fictitious Capital


> "What about big financial houses, though? Why can't they go through 
> bankruptcy the way Macy's and Delta Air Lines did? One reason is that a 
> retailer or airline can shed debts and then operate stores and airplanes. 
> Financial institutions have nothing so tangible: They basically have their 
> names, their people and their ability to borrow a lot of money short term. 
> All of that can vanish instantly while a judge ponders the matter."
> "Bankruptcy Is Vital to Capitalism."   By DAVID WESSEL.  APRIL 2, 2009
> Full at http://online.wsj.com/article/SB123860761117578957.html
> ________________________________________________
> YOU MUST clip all extraneous text when replying to a message.
> Send list submissions to: Marxism at lists.econ.utah.edu
> Set your options at: 
> http://lists.econ.utah.edu/mailman/options/marxism/sartesian%40earthlink.net