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I was a died in the wool capitalist for my entire working life. In fact, I
spent most of my working life as an entrepreneur and formed, from
scratch, a total of 7 businesses, including 2 which grew to employ over 100
men and women before I sold them. I have been up and down the economic
scale (several times) from poverty (living for a year in a 10x10 YMCA room
for $10 a week in NYC while working and going to college at night) to very
comfortable.
My current belief is that the capitalist system has been corrupted beyond
belief by the concentration of power and wealth among a few very large global
corporations and the politicians, from both political parties, which they own.
Consider that today fewer than 100 global corporations account for 80% of global
business. This is not an environment in which capitalism, entrepreneurship, and
a healthy partnership between capital and labor can flourish. Just my
opinion!
Earl
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Brendan
B. Boerner
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Monday, March 08, 2004 7:56
AM
Subject: RE: [RT] sp500/nasdaq top
<SPAN
class=975323014-08032004>One of my brothers and I worked for Texas State govt
(the University of Texas @ Austin) at separate times and places. He went
on to be a research scientist @ Mobil, I went to Novell for a # of
years. I've friends who've worked for British Petroleum, IBM, Microsoft,
etc.
<SPAN
class=975323014-08032004>
<SPAN
class=975323014-08032004>From my experiences and that of my brothers / friends
I conclude that while I wouldn't quite phrase it as Dave did, the belief that
private enterprise as instantiated in corporate america is more efficient than
big govt is not the truism that l-f capitalists believe it
is.
<SPAN
class=975323014-08032004>
<SPAN
class=975323014-08032004>Cheers,
<SPAN
class=975323014-08032004>Brendan
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