Quote:
Here's a question:

Are today's hedge funds and derivatives actually 'Capital' in the sense that Andrew Carnegie or John Rockefeller or Henry Ford would have understood that word as part of the Land, Labor, Capital formulation of wealth?

Or are the hedge funds and derivatives merely an accounting notion for a new kind of private wealth, which lies outside of the 'Wealth of Nations' that the capitalist system expects to be part of a healthy economy?


Great question.

I'll vote for #2

:smokin