Monday, December 9, 2019
SEFs: sovereign equity funds
Really a no brainer
With a citizen
Quaterly dividend
Farmer would have deep uncle
Buy and sell equity indexes
To regulate equity market values
Like the FOMC regulated treasury bonds and notes
As capital financialization
Deepens well beyond the point
Of dominance
It has evolved qualitatively
it
Has become securitized
Autonomous financial capitals
AFCs
Are liberated from the restrictions of a loan
portfolios of yore
State regulation has fallen behind the growth curve of course
Private equity has evolved ad a new super exploitative vehicle
Able to ply security markets
Bond and equity alike
Largely liberated from regsec harnessing
Real product Corporate capitalism
Has escaped the idiocy
Of own bottom private ownership
Only to fall prey
To profiteering mauraders
Like mitt Romney