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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 228.44+0.5%Dec 22 3:59 PM EST
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To: Glenn D. Rudolph who wrote (137976)1/27/2002 2:53:50 PM
From: GST  Read Replies (1) of 164684
 
The premise of our free market economy is that it is possible to have a largely self-regulated system with integrity, accountability and transparency. I still believe very strongly in that ideal. But greed has allowed far too many of us to believe that we are equally well served by a system that rewards any kind of behavior that inflates stock prices -- in other words, if it makes stock prices go up it must be alright. We cannot survive as an economy by confusing inflated stock prices with our best interests. Inflated stock prices hurt us far, far more than they help us. Inflated stock prices are not wealth. Wealth is the result of the ability to produce value where value is defined by the willingness of customers to pay. Inflated stock prices merely transfer assets from the greedy and foolish to the greedy and cunning while undermining belief in the real process of wealth creation -- honesty, hard work and good judgement.
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