Vegas, list trouble etc.

[alice wellintown]

Now the risk for Latin America’s big success story is hubris


http://www.economist.com/displayStory.cfm?story_id=14845197&source=most_commented

On Mon, Nov 16, 2009 at 3:21 PM, Paul Mackin <mackin.paul at verizon.net> wrote:
>
> Mark: And I think some famous economist, like Veblen, or another has
> presented gambling as a major metaphor for capitalism and its risks.
>
> Me: I think it's a better metaphor for religion.
>
> Pascal's famous "wager" is somewhat related except that betting on the
> existence of God, he said, is practically a sure thing--everything to gain
> and nothing of lose (not much anyway).
>
> The gambling INDUSTRY is more than a metaphor--it's IS capitalism.
>
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> P
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