Thursday, March 26, 2009

Brief note to the New York Times about the "Economy"

"...the intention for infinite growth in a finite market of consumers must necessarily go bust, at some point."

To the Editor:

The article called “Geithner Calls for Major Overhaul of Financial Rules” By EDMUND L. ANDREWS and LOUISE STORY, Published: March 26, 2009, proves that neither Obama nor anyone in his administration knows anything about the financial system, much less how to improve it. The problem is not hedge funds or “greed” on Wall Street. Rather, it is the proliferation of finance capital which allows businesses to survive even when they are no longer creating customers. Moreover, the intention for infinite growth in a finite market of consumers must necessarily go bust, at some point.

G. Djata Bumpus

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