THE MADNESS OF CAPITALISM

During the present economic crisis many capitalists have looked for alternatives to the stock market to invest their money in. Some have bought up gold or silver as a hedge against the following dividends. Some have even taken up stamp collecting. Stanley Gibbons the stamp sellers have reported increased profits as the rich scramble for stamps. "It's a horrible time to be rich," said Michael Hall, the company's chief executive. Not that I'd complain." (Times, 6 August) Apparently China is proving to be a big market with 24 Penny Blacks sold there for six figure sum and a particularly rare local stamp fetching £625,000. RD