centralized oversight

[Mark Kohut]

"Profits from the finance sector, which historically have been about 10 percent of all profits, have risen to an extraordinary 40 percent."
--from a good piece by economist Kenneth Arrow in Boston Review. One focus: how medical and financial info is 'asymetric"---i.e. complicated, 
arcane therefore not open to easy competition leading to the ease with which a few can esploit greedily......
 
The 1 % and the top 10% of them, mostly...

From: Michael Bailey <michael.lee.bailey at gmail.com>
To: P-list <pynchon-l at waste.org> 
Sent: Saturday, December 3, 2011 4:31 AM
Subject: Re: centralized oversight

Joseph Tracy wrote:

> I love Smedley Butler and this is a particularly good quote. Moved it to my  quotations document.
>



whole book's available any number of places free, eg
http://www.lexrex.com/enlightened/articles/warisaracket.htm

glad you liked it.
I can't stress enough that I have no expertise in these matters.
I like reading about them, though (to some extent)

If there is some business that creates huge profits for owners,
management, labor, customers, community and (ah what the heck)
government, that's great!
all too often, though, it's clear one or more of these groups is a net
loser from business dealings.  isn't that a crime?

free market answers tend to kind of suck.
but, government answers aren't always that great either.
realizing the wonderful potential of humanity, as somebody said in one
of these threads, is the only solution
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://waste.org/pipermail/pynchon-l/attachments/20111203/cda9057c/attachment.html>