Re: stock "market"?

["MV" <maxv@vsnl.com>]

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>
> From: Srinath S <srinaths@usa.net>
>
> Well, the stock market being implemented like a usual commodity market may
be
> the cause for many instabilities resulting from globalization. In reality;
> money is an abstraction that represents value (commodity or service) and
not a
> commodity itself.
>
> Sure it *is* treated as a commodity, and my conjecture is that this
premise
> would come into greater scrutiny as the reach of globalization expands.
>

I fully agree with Mr.Srinath money is an abstract
tool for representing/quantifying the value of goods
and services.

In the current International monetrary system, this
abstract tool itself is changing every day, it is like
if the meter changes it's length every day, you can
imagine what it will do to mesuring length.

True globalisation of trade in goods/services will
come into effect only when we use a common monetary
system like we have a common measure, *meter* for
length.

MV.




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