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Which is why we need Public Equity to replace the greater part of Public Debt.

There's nothing remotely "equitable" about "Equity" in a Plc: it is a deeply sociopathic structure.

There is nothing "equitable" about the contract of debt either - this is what Islam has against it (and what other religions have forgotten) - the failure to share risk and reward adequately and bugger all to do with what the level of return happens to be - which depends on the nature of the "investment".

So, as I say above, let's use new "asset-based" mechanisms that may actually work better than the existing "deficit-based" but "asset-backed" funding  model.

Which is why they are "emerging" - investors eg pension funds investing in Income Trusts in Canada - happen to quite like the thought of sharing revenues BEFORE rather than after the management gets its hands on it....

I wonder why?

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Fri Nov 24th, 2006 at 11:30:56 AM EST
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