Date: Thu, 5 Feb 98 11:18:26 EST
From: boddhisatva <kbevans-AT-panix.com>
Subject: Re: M-TH: Fixing Asia








		To whom...,




	Yoshie makes a good observation here.  The ideal customer,
creditor, business partner for the capitalist would be blind, deaf and
mute. Capitalists hate markets and information flow when it means that
they cannot exact a profit from an ignorant society.  However, I think
Yoshie underestimates how desperately capitalists require the truth from
each other.  When one is extending credit to a system that is already
extended, one will not lend without detailed information about the system. 
Even capitalists are this smart.  However, the transparency that creates
market confidence does undermine competitive advantage.  In the short term
this means that business mandarins (whether of the Keynesian or
Robber-Baron type) will be replaced by free-marketeers who look at
business as financiers rather than industrialists. I believe that
ultimately this same dynamic wil work against the financier of late
capitalism and lead to socialism.  Ben Seattle has already made the point
that cyber-capitalists are sharing information as never before.  I think
that Sachs is on the wrong side of capitalism. 




	peace





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