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Earl-
Right on; except that I'm afraid Capitalism will
get the blame and not the true culprit; which is too much government in
collusion with those corporations: a
combinition which serves only to feather their respective nests by reducing or
eliminating competition.
Example: FDA and Drug Companies. They
are often in bed together and the end result does not serve the people as
should democratic <FONT face=Arial
size=2>Capitalism.
chas
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
EarlA
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, March 09, 2004 8:47
AM
Subject: Re: [RT] sp500/nasdaq top
That essay about says it all and Krugman quoting Business Week is most
interesting. Thank you.
Earl
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Brendan
B. Boerner
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Monday, March 08, 2004 8:27
AM
Subject: RE: [RT] sp500/nasdaq
top
<FONT face="Bookman Old Style"
color=#0000ff size=2>This essay by Paul Krugman
(<<SPAN
class=003362015-08032004><FONT face="Bookman Old Style"
color=#0000ff size=2><A
href="">http://www.thenation.com/doc.mhtml?i=20040105&s=krugman>)
seems apropos of your thoughts.
<FONT
face="Bookman Old Style" color=#0000ff
size=2>
<FONT
face="Bookman Old Style" color=#0000ff
size=2>Regards,
<FONT
face="Bookman Old Style" color=#0000ff
size=2>Brendan
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: EarlA
[mailto:earl.a@xxxxxxxxxx]Sent: Monday, March 08, 2004 9:13
AMTo: <A
href="">realtraders@xxxxxxxxxxxxxxxSubject:
Re: [RT] sp500/nasdaq top
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
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