A Complex System View on the Financial and Economic Crisis
A Complex System View on the Financial and Economic Crisis
A Complex System View on the Financial and Economic Crisis
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The illusi<strong>on</strong>ary “PERPETUAL MONEY MACHINE”<br />
• An ec<strong>on</strong>omy which grows at 2 or 3 per cent cannot<br />
provide a universal profit of 15 per cent, as some<br />
managers of equities claim <strong>and</strong> many investors dream of.<br />
• As l<strong>on</strong>g as <strong>the</strong> incomes drawn from financial assets are<br />
re-invested, <strong>the</strong> fortunes increase independently of any<br />
material link with <strong>the</strong> real sphere <strong>and</strong> <strong>the</strong> variati<strong>on</strong> can<br />
potentially become infinite.<br />
• <strong>Financial</strong> assets represent <strong>the</strong> right to a share of <strong>the</strong><br />
surplus value that is produced. As l<strong>on</strong>g as this right is not<br />
exercised, it remains virtual. But as so<strong>on</strong> as any<strong>on</strong>e<br />
exercises it, <strong>the</strong>y discover that it is subject to <strong>the</strong> law of<br />
value, which means, quite simply, that you cannot<br />
distribute more real wealth than is produced.<br />
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