THE FUTURE OF CAPITALISM (September 12, 2012)

A big storm hit Motovun early this afternoon. I was at Marko’s when it became clear that the storm would not bypass us, and I ran home to unplug my computer and other electronic equipment, as well as to close all the shutters. Having done that, I returned to the café. Soon it started raining cats and dogs. It also hailed for a while. The sound of thunder grew louder and louder. It was quite a show, and it was a joy watching it from the lower square, which looked like a river. Once the storm was over, I returned home to open the shutters and plug in my computer. As soon as the Internet connection came alive, I checked the stockmarkets. The decision of the highest court in Germany concerning the eurozone’s bailout fund was uppermost in my mind. As it turned out, the court backed the fund, but stipulated that there must not be unlimited liability for Germany. The euro jumped at the news. This established, I turned to other chores around the house. But checking the stockmarkets kept ricocheting around my mind. Whence my zeal? My interest has nothing whatsoever to do with my own investment, of course. All I care about is the future of capitalism, and stockmarkets are the best place to observe all the twists and turns on its tortuous path. And tortuous is the word.