Re: <nettime> Re: some observations on the bias of financial networks

[Benjamin Geer <benjamin.geer@mindspring.com>]

Nmherman@aol.com wrote:
> The greatest problem here is the overly sensitive and thus volatile patterns
> of capital flow enabled by digital trading technology.  The West is unwilling
> to implement restraints, even to slow the process and thus allow poor
> countries to develop more sustainably, because of the gigantic profits for
> Wall Street.

An organization called ATTAC (http://www.attac.org) has been promoting
the idea of a tax on financial transactions, intended to moderate the
negative economic effects of unrestrained short-term speculation, and to
raise funds for social programs.  The organization grew out of an idea
published in Le Monde diplomatique (http://www.monde-diplomatique.fr,
English version at http://www.monde-diplomatique.fr/en).

-- 
Benjamin Geer
benjamin.geer@mindspring.com
Public keys: http://bgeer.com

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