From: JulioHuato <JulioHuato@aol.com>

"as words proved inadequate to express these concepts and in turn created the
grounds for the development of entirely new concepts and modes of reasoning."

You have a point here.  I think you're right.

"I guess it's quite easy to knock out the Internet in a State of Emergency."
Is it?  I'm no expert but I've heard that the very trait of the Internet is
its decentralized nature so that it can work under conditions where huge
chunks of the net are down.  I'm just throwing hearsay here.

"It seems to me that this increasing speed of circulation of value must have
the effect of moving the economic system towards instability and chaos."
Absolutely.  They are aware of this.  I could pinpoint references from
conventional sources warning about this.  

Moreover, Brian Arthur's current model supports your statement.  He talks about
two "atractors" in a stock market depending on the rate of "learning" -- one
towards some sort of equilibrium, the other unsettling.
This is the link: 
<A HREF="http://www.santafe.edu/sfi/research/focus/whatissfi.html">What is the
Santa Fe Institute?</A> 

It's easy to see the correlation between the "rate of learning" and the rate
of circulation of capital.  Economists call "rate of learning" the speed with
which "agents" adjust their behavior upon changes in their expectations.

"the bit in "Revolution Betrayed" where Trotsky talks about how the market
provides a very primitive kind of democracy."  Hmm, I'll check this out.

"these Complexity theorists have proved (empirically NOT theoretically,
logically!, not mathematically, but by the empirical observation of the
outcome of computation!) that from the spontatneous development of one
relation (object, system) entirely NEW properties emerge. Not like Russian
dolls, revealing properties that were already encoded inside, in the genes so
to speak, but ENTIRELY NEW PROPERTIES! Formal logic absolutely excludes this,
and so far as I know this is still the case after 10 years of complexity
theory. They have simply empirically observed this as a fact, by using
computers to carry out a type of "logical" experiment which was never
previously technically possible."

My mind gets dizzy with this!  I think you saw light here.  I'd encourage to
follow your "instincts" and develop this ideas even further.

I look forward to your next message.

Julio