"If you bring forth what is within you, what you bring forth will save you. If you do not bring forth what is within you, what you do not bring forth will destroy you."

Oct 16, 2008

Pirates of Finance

Pirates of the Financial Meltdown

New theory about our economic turmoil: it was caused by pirates. You heard right. A British lecturer argues in a paper that modern corporations got their start on pirate ships during the "golden age of buccaneering": "Pirates elected their captain, voted on major decisions, and distributed their booty in roughly equal shares, and there is something in the idea that a pirate ship is the equivalent of a modern corporation." He continues, “These predatory voyages are the roots of modern venture capitalism, with these modern multi-national corporations out to get all they can get. That's the sort privateering that led to the Credit Crunch." The argument, Hayes admits, leads to troubling conclusions about modern capitalism. But there you go.

2 Comments:

At 7:19 AM , Blogger I.:.S.:. said...

Pirates... It's a convincing interpretation...

The strange light in the photo is probably a firework of some sort. It's an old photo I just found, ignored it at the time, from a couple years ago when we were shooting firework rockets at each other. I never realised how beautiful it was. There's a whole series.

 
At 1:01 PM , Blogger Indigobusiness said...

It is beautiful, especially the full screen version. Would make an interesting webpage background.

So, where's the series?

 

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