Fictitious capital

sipila at sipila at
Tue Dec 21 22:47:02 MST 1999

>Given the large amounts of fictitious capital in existence in the form of
>bonds and shares
>etc and the long run rise in the price of shares it must be that the
>accumulation of
>capital in the West has been sufficient to sustain this bull market.


And according to a Finnish study only about one per cent of the money
circuiting in the world is based on something real.

The monetary "growth" in vapitalism does usually not mean real added value.

This way  capitalism is sooner or later in a deadlock...

In solidarity


P.O. Box 66
00841 Helsinki - Finland
+358-40-7177941, fax +358-9-7591081
e-mail sipila at



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