Credit: cult or no

["dlawbailey" <dlawbailey@xxxxxxxxxxx>]

        The interconnecting idea between credit and the real value of labor is
probability.  Credit is an educated guess that the borrower will be able to
repay.  If you don't buy that capitalist bondholders are subject to
uncertainty, I suggest you look at any recent article with the word "Enron"
in it.  The ability to repay relies on the probability of capitalist profit
which relies on the probability of labor's finding value in the marketplace.

        As Comrade Ferguson suggests, keeping credit ahead of capitalist
accumulation is no easy feat.  That's why the Wall Street managerial class
get the big bucks (or did you think capitalists paid those guys for fun?
Okay, there's a little fun in it, but not nice fun, sort of cock-, dog- and
bull-fighting type of fun).  That's why technologies are protected by
patents and copyrights.  That's why capitalists socialize risk and privatize
profit whenever they can.   Crises and catastrophes happens to "us" but the
shareholder must never suffer - that's self-understood.

        The whole thing works if you understand capitalists, not as the neutral
actors in the marketplace they portray themselves to be, but as active,
knowing impediments to the economy.  They insert themselves unjustly in
between the worker and the consumer and lend each other money to do it.

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