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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX)
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To: opalapril who wrote (1928)1/31/2002 3:39:14 PM
From: Sawtooth  Read Replies (1) of 1983
 
<<Historically, bankruptcy was preferred over a Dickinsonian life time commitment to pay off all debts precisely because it moderates the entrepreneurial risk and accordingly encourages more economic activity.>>

Hi, opalapril. Unfortunately, bankruptcy has apparently become, in many cases, part of a strategy to enrich the few while leaving the many holding the bag (and we all know what's in the bag <grin>); diverging hugely from the original concept of entrepreneurship and risk-taking.

I could be very wrong on this but I think it's going to take, and may already be taking, a toll on investor's willingness to participate in the risk-taking of entrepreneurship via the stock market, since it's becoming quite evident that all of the risk is resting squarely on their backs.

...VVVVVVVV
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