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Further to the failure of my pumpkin
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My cookie sheet
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It's becoming a tradition.
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Chickadee
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Market failure
“Fictitious capital” is a term for the kind of wealth that exists on paper but which is susceptible to simply disappearing when there is a market failure. If you sell it or invest it in something actually productive, well, you’re doing well. But if you hold it until the market fails – and markets always fail, eventually – all that “wealth” you had simply goes away. It had no real productive value when left unused.
So too with a pumpkin, taken in from the doorstep after Hallowe’en, and planned by its owners to be put in a soup. A soup that was never produced. Finally, the owner (that was me, by the way) discovered a soft spot and realised the pumpkin wasn’t fit to eat anymore. So he (I) put it on the back doorstep until, uhh, I can get it into the compost pile.
And it has collapsed, like so much fictitious capital.
Mind you, I *will* get it into the compost, and it will be productive. But that’s sort of like saying that you can turn your bankruptcy to some good by writing a memoir of your losses.
So too with a pumpkin, taken in from the doorstep after Hallowe’en, and planned by its owners to be put in a soup. A soup that was never produced. Finally, the owner (that was me, by the way) discovered a soft spot and realised the pumpkin wasn’t fit to eat anymore. So he (I) put it on the back doorstep until, uhh, I can get it into the compost pile.
And it has collapsed, like so much fictitious capital.
Mind you, I *will* get it into the compost, and it will be productive. But that’s sort of like saying that you can turn your bankruptcy to some good by writing a memoir of your losses.
Billathon, Sylvain Wiart have particularly liked this photo
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