Sunday, May 17, 2009


It surely sums up the insanity of modern capitalism wherein millions of people are trying to survive on about a dollar a day and this happens. "A flawless vivid blue diamond weighing 7.03 carats sold Tuesday for a record 10.5 million Swiss francs ($9.49 million), the highest price paid per carat for any gemstone at auction, Sotheby's said. The rectangular-shaped blue stone, the rarest to enter the international market this year, went to an anonymous buyer bidding by telephone after hectic bidding see-sawed between two callers for 15 minutes." (Yahoo News, 12 May)
We have an "anonymous buyer" spending millions of dollars on an object that in any sane society would be used for some worthwhile purpose like cutting glass or something and we have millions of starving kids. Which one grabs the headlines? Rare jewels are more important than human beings - that's capitalism for you. RD

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