To: cypherpunks@toad.com LL> If capital flees a country, the population will be less LL> productive, dissatisfied and vote the politicians out of office. So LL> policies that favor capital in some sense also favor labor. LL> Anyone else care to take shots at his argument or support it? Hot money ( investing money ) is always going wherever the best yield is, and ignores national boundaries. While this isn't capital investing money, a big inflow/outflow to/from one country, especially a small one, probably will affect the politics. With global banking, and stock and commodity markets effectively open 24 hrs a day, this trend will increase. For instance, the stock market of Turkey zoomed up last year, and is zooming down now. The hot money was there last year as is leaving now. This is undoubtably affecting their internal politics. * RM 1.4 B0037 *