The Editor
The Guardian
"Riots break out across Colombia after investment scam collapses" (p. 23, 14th November); "US hedge fund bosses threaten to move to Britain" (p32, ibid). The economist Hyman Minsky classified hedge funds that financed their operations out of future investments as "Ponzi" types, which is exactly what the Colombian pyramid scam was doing. The difference is of course that these hedge fund managers are too big to get through the doors of a court room.
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