Caught Between a soul in every stone unturned under the inexhorable Goldman's Sack

[Ian Livingston]

>(bubbles and other inflated
> vlaues...caused by those who are less creative, not as quick, and not
> as smart--including the governments and the Public who is by and
> large, as the posts in this forum make abundently clear, financially
> illiterate)

I remumble that remake.

> The only thing that can temper the excesses of market capitalism Wall
> Street style, is labor.

By that I assume you mean collective labor, and, yes, collective labor
is dead and has been for decades. Contemporary unions are just another
big business collective fleecing the workers. They bargain for ever
higher wages, while making ever bigger deals with insurers and banks,
all of which helps the free willers on Wall Street justify increased
"trading" on human futures. As a lifelong laborer in half a dozen
fields, it has been my fond displeasure to see the quality of worker
produced under big labor's tutelage drop carelessly into the bidet of
contemporary capitalism. I've met plenty of $30/hr men who couldn't
pick their noses without an instruction manual and a team of
supervisors--and those supervisors aren't often qualified to operate a
two stroke broom....


On Sat, May 1, 2010 at 9:34 AM, alice wellintown
<alicewellintown at gmail.com> wrote:
> Wall Street is a creative power; its guiding principle is not greed or
> ego, but free will. Free will is an arbitray power; it makes something
> from nothing. What pisses people off is that Wall Street can make
> money from nothing and can make money while taking no risk (arbitrage)
> at all.
>
> No risk arbitrage often involves great losses to others.
>
> But it's the imbalance in the maket (bubbles and other inflated
> vlaues...caused by those who are less creative, not as quick, and not
> as smart--including the governments and the Public who is by and
> large, as the posts in this forum make abundently clear, financially
> illiterate) and not the greed of Wall Street that causes these
> arbitrage opportunities.
>
> Wall Street is smart. Most people are not smart.
>
> How do we protect the dumb and dumber from the Smart Wall Streeters?
>
> We can't.
>
> The only thing that can temper the excesses of market capitalism Wall
> Street style, is labor.
>
> And Labor, as ATD documents, is Dead & Buried. Although shades of it
> still haunt places like Greece, those shades will soon run for the
> shadows.
>
>
> The typical artist-critic,  WG, TRP, JH, is in a difficult position
> when he decides to take on the creative power of Wall Street or
> Technology Street because the artist-critic also embraces the power to
> create something from nothing; the priniciple of human free will.
>
> Even in deterministic works, like Melville's or Pynchon's or Hellers,
> where a grander and more powerful force (Marxian, Freudian,
> Nietzscheian ...) is set in an agon with the creative principle (or
> Free will), a kind of dialectic functions or a paradox titilates. It's
> only art after all. Art for art's sake and for the sake of those who
> need a romantic escape from the brusing heel of free will and take
> solace in forced beyond.
>



-- 
"liber enim librum aperit."