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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (36185)7/17/2003 11:59:45 AM
From: MSI  Read Replies (1) of 74559
 
Get 'em Bernie! Glad to see at least one non-toady in Congress, even if I don't agree w. some of his other policies.

The rest happily disregard any alternative to top-down insider capital that tells the majority to be trickled on and keep quiet.

I'm personally having a great year in tech equities and r.e. but I hate seing more and more neighbors and ex-employees without capital being enslaved for the next decade since they can't play asset-chasing musical chairs, a game devised by insiders, for insiders. No one speaks for them, since it's the insiders that run Washington, occasional people like Bernie and Wellstone the exception.

The New Deal's bottom-up stimulus was dramatic, leading to growth & innovation for several decades. That war got paid for rather quickly due to demand for national effort. FDR said he didn't want to see any war-time millionaires, precisely the opposite intent of the current predators in the WH who say: let the capital games begin, never mind the overworked anxious class, their contribution doesn't matter, innovation and growth will continue, etc.

History shows the more concentrated wealth becomes the more fragile the economy becomes, and innovation suffers.
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