We are developing the social individualist meta-context for the future. From the very serious to the extremely frivolous... lets see what is on the mind of the Samizdata people.
Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]
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The perils of Merrill No doubt anti-market commentators will be using the current troubles of U.S. broking giant Merrill Lynch to bash the capitalist system. But they would be wrong, just as wrong, in fact, as to say that the demise of U.S. energy titan Enron was a slap in the face for we free-market types.
Not so. What I think the Merrill saga shows is that in a dynamic marketplace where more and more wealth is attached to the realm of ideas rather than physical capital, it is crucial to ensure good behaviour. Merrill has suffered over doubts about the impartiality of the analyst advice given to clients. It shows how the brutal forces sweeping global capitalism can chasten the brashest of Wall Street players.
And it ought to show investors in stocks and bonds something else – let the buyer beware!
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Who Are We? The Samizdata people are a bunch of sinister and heavily armed globalist illuminati who seek to infect the entire world with the values of personal liberty and several property. Amongst our many crimes is a sense of humour and the intermittent use of British spelling.
We are also a varied group made up of social individualists, classical liberals, whigs, libertarians, extropians, futurists, ‘Porcupines’, Karl Popper fetishists, recovering neo-conservatives, crazed Ayn Rand worshipers, over-caffeinated Virginia Postrel devotees, witty Frédéric Bastiat wannabes, cypherpunks, minarchists, kritarchists and wild-eyed anarcho-capitalists from Britain, North America, Australia and Europe.
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