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Re: stock "market"?
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Please help make the Manifesto better, or accept it, and propagate it!
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In 1930 , stock market crash was the known as the root cause for great
depression in america.Later on it was just sine-curve behaviour up and down
in that biggest market economy. The second world war ofcourse gave them a
very good breather. Venu Gopal explains, there might be nothing to prevent
stock plunge and it is all part of the game. He suggested some other means
like ethical business, transparant governance as good measures for a healthy
market.
But I would say at least one may try MINIMISE stock plunge's negative
influence on economy at large. That seems possible only by the Brilliant
Energy-Currency concept.This is the only concept that can line up all
currencies and Nullify all the claims of developed world after turning
equations, definitions, in their favour.
One may recall old stories like so and so Raja used to have ten thousand
cows, twenty thousands horses, five thousand elefants etc along with 5
hundred units of gold etc,such measurements appeared atleast more scientific
than current bloated stocks, virtual values for dollars, however fallacious
their comparison be in the current context. When it is theoretically
possible for any form of energy-currency concept to take a practical shape,
then why not WE be the first ones on globe to start with ?
Then a company might hardly have a stock value unduely bloated or unduely
under valued at all .In turn so called stock's influence on society may
cease !
Time is ripe enough to redefine what is currency after all , after the first
'guild' in history. May I request MV or Venu Gopal to please give an
imaginative caricature of stock market IF enegy-currency were to be in
place. Because I myself want to clear my ambiguity about that concept though
I believed in it intuitively.Am unable to visualise how every value (wipro
or tehelka stock for eample) which is currently rated in stock market can be
reflected in terms of energy currency.
Parameswar
> ----------
> From: Srinath S[SMTP:srinaths@usa.net]
> Reply To: debate@indiapolicy.org
> Sent: Friday, April 06, 2001 12:44 PM
> To: debate@indiapolicy.org
> Subject: Re: stock "market"?
>
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> Please help make the Manifesto better, or accept it, and propagate it!
> ---------------------------------------------------------------------
> "MV" <maxv@vsnl.com> wrote:
>
> 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.
>
> >>>
>
> True. A system in which the caliberating meter itself keeps changing often
> is
> necessarily unstable.
>
> Historically international trade was configured in a hierarchical fashion.
> Commodities were exchanged by individuals inside a system using money; and
> systems exchanged money using the exchange rates.
>
> But since globalization and opening up of markets (free flow of goods and
> services, etc.), this hierarchical setup puts entire systems at a higher
> or
> lower level to other systems. In addition, success breeds success. Once a
> currency enjoys a greater buying power w.r.t. another; there is more
> motivation (in a globalized setup) to meet the demands of this system so
> as to
> earn in denominations of the stronger currency. As a result the currency
> becomes even stronger and the weaker one becomes even weaker. This prompts
> calls for protectionism and government intervention in the weaker system;
> which scares away foreign investors and brings down the currency further.
>
> It is difficult to see how this would evolve in the coming years. But
> whatever
> it is, there are going to be a lot of conflicts and struggle and
> victimizations of people who have unwittingly strayed into some losing
> vicious
> circle.
>
> Srinath
>
>
> Ideas for India: Building the future -- together
> http://www.ideasforindia.net/
>
> ____________________________________________________________________
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>
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> This is the National Debate on System Reform. debate@indiapolicy.org
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This is the National Debate on System Reform. debate@indiapolicy.org
Rules, Procedures, Archives: http://www.indiapolicy.org/debate/
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