Thursday, November 08, 2007

"Enough"

Breaking with the travel-blog tradition to link to an interesting speech by the founder of the Vanguard Group, of all folks: "Enough". Crystallizes some thoughts on the value or lack thereof of a predominantly finance-based economy, with bonus prophetic quotes from John Maynard Keynes!
“When enterprise becomes a mere bubble on a whirlpool of speculation,” as the great British economist John Maynard Keynes warned us 70 years ago, the consequences may be dire. “When the capital development of a country becomes a by-product of the activities of a casino, the job of capitalism is likely to be ill-done.”