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American Capital Agency Corp. Message Board

  • yourbestfriendintheworld yourbestfriendintheworld Mar 1, 2012 1:58 PM Flag

    Not-so-OT: Grantham nails it

    Where has this SOB been all this time?

    Not one observation out of place, and all stuff that almost nobody in this country, or any imagined free-market economy, ever talks about (except me, but do you listen?) because we're steeped in the sermons of the laissez-faire.

    This is not about implementing Marxism, which I knew in school had naive implementation issues; it's about recognizing that Marx's predictions of the self-destructive nature of capitalism are essentially true, and that capitalism's blinkered, ignorant, solipsistic implementation issues are getting out of control before our eyes. There's no need for a command economy, but refusing to put guardrails on the dangerous curves of a self-organizing economy is a repudiation of our self-proclaimed status as intelligent beings.

    And yes this is on-topic, because this company is critically dependent on maintaining economic stability within a wide but bounded range. Go outside that range, and it crashes. Overcontrol it, and the company becomes moot.

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