Overview
- Author: United Nations Conference on Trade and Development
- Main Title: Trade and Development Report 2009 , pp 1-17
- Publication Date: October 2010
- DOI: https://doi.org/10.18356/1135a988-en
- Language: English French, Spanish
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Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. The measure of success attained by Wall Street, regarded as an institution of which the proper social purpose is to direct new investment into the most profitable channels in terms of future yield, cannot be claimed as one of the outstanding triumphs of laissez-faire capitalism – which is not surprising, if I am right in thinking that the best brains of Wall Street have been in fact directed towards a different object.
© United Nations
ISBN (PDF):
9789210543309
Book DOI:
https://doi.org/10.18356/989fe9b0-en
Related Subject(s):
International Trade and Finance
Sustainable Development Goals:
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