A definition of capitalism, which is as good as any, from ZeroHedge...
Every definition of capitalism necessarily includes a profit on lending money, or credit, and thus by every definition capitalism involves usury. And this is the heart of the problems in the world, love of money, the root of all evil.
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From Elliott Management's Q3 letter, by Paul SingerNote the word price, as in price of capital, or money. Well, first, why would a medium of exchange have a price, except in exchange for goods and services? Of course, this is necessarily the "rental price" of money over time.
Capitalism is a system according to which capital is owned by private citizens, who in turn determine its price and flow by interacting with one another
Every definition of capitalism necessarily includes a profit on lending money, or credit, and thus by every definition capitalism involves usury. And this is the heart of the problems in the world, love of money, the root of all evil.
Feel free to forward this by email to three of your friends.
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