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Strategies & Market Trends : Asia Forum
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To: Rolla Coasta who wrote (9764)9/9/2000 8:56:09 PM
From: Dayuhan  Read Replies (1) of 9980
 
old economy jobs getting replaced by new economy jobs could drive the poor into poorer conditions.

I suppose they could. But it is also true that the people making money on the new economy consume vast quantities of old-economy goods and services. Unemployment in the US has been very low for the duration of the boom market, and US consumption employs much of the world. The bottom of the bottom, individuals and economies that are entirely unproductive, have reaped no benefit, but I see no reason to suspect that they would have fared any better in a non-capitalist economic environment.

People often forget, especially in market-dominated discussions like those on SI, that a stock market is not an economy, and that there is much more to the boom economy of the '90s than money made on the stock market.
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