(no subject)

[randomness]

Enron (remember them? some Texas energy company?) went down with around $60 billion. Nowadays, one guy can make that kind of money go away all by himself. (Well, Madoff says he acted alone, but then again I don't know that we should trust his word on that any more than any other point.)

I know there's been inflation, and I know these numbers are anything but exact. But isn't it funny how the numbers around Enron, which looked enormous back then, now look quaint in comparison?

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[achinhibitor.livejournal.com]

The amount of money sloshing around is growing rapidly, which makes bigger and bigger scams easier. Which leads into a rant about how we've passed out of the "industrial" or "capitalist" phase of society, since investable money is no longer the limiting resource in economic production.