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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: accountclosed who wrote (50904)12/22/2000 6:31:52 PM
From: Mike M2  Read Replies (1) of 436258
 
Ant, part of the strength of capitalism is that businesses are allowed to fail ( industrial tough love -g-) resulting in a more productive allocation of capital and resource. Look at how pathetic many Soviet and eastern European industries were because they were insulated from tough love. The malinvestments need to be purged from the economy so that they stop consuming capital. Does the economy really need more money losing dot.con companies or telco build out? People need to spend less time watching the market from work and become more focused on being productive employees. Mike
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