Re: stock "market"?

[Abhijeet Pradhan <perdi420@yahoo.com>]

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MV, 

The closest you will come to achieving that is a common currency.  You can
never have a common fixed measure.  Not energy units, not gold nothing. 
Technology will continously change the effort required in refining oil,
mining gold, growing calories on farms etc etc.  

Later 
AP

--- MV <maxv@vsnl.com> wrote:
> ---------------------------------------------------------------------
> Please help make the Manifesto better, or accept it, and propagate it!
> ---------------------------------------------------------------------
> >
> > 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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This is the National Debate on System Reform.       debate@indiapolicy.org
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