Re: [OPE-L] The growing global market for derivatives and swaps

From: Patrick Bond (pbond@MAIL.NGO.ZA)
Date: Tue Oct 10 2006 - 00:34:05 EDT

No paradox, sounds like plain old overaccumulation of financial capital,
as described in Vol 3, and later by Grossmann, Mandel, deBrunhoff,
Harvey, etc, not so?

Jurriaan Bendien wrote:
> It's
> certainly a long way from Das Kapital to the mindboggling, astronomic
> financial transactions we can see happening these days.
> Putting it in plain language, I think a paradox in the world economy
> these
> days is that there is supposedly a "savings glut", yet also, a massive
> and
> growing amount of indebtedness. So you have growing savings, and growing
> debts, at the same time.

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