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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (61793)4/12/2005 10:58:53 PM
From: Slagle  Read Replies (1) of 74559
 
Maurice, back in your days with the oil company I bet you could write a mean business letter and a tough inter-office memo. I always read your posts because not only do you write well but you think, too. Thats one problem with the internet; way too much composition and not nearly enough high quality thinking in advance of the composition. A number of your thoughts, which are probably pretty much original with you, have informed some of my prejudices on similar matters.

I wonder if in this day and age we would, sans income redistribution and the social engineering of the left, allow a Dalit-like permanent underclass to arise. I think not, at least not to the degree such caste differences have been handed down from antiquity in Asia and elsewhere.

When I was a kid the old sharecropper system was still in full bloom in my reigon of the American South. Most sharecroppers were whites and were not looked down upon or mistreated in any substantial way. They had total social mobility; indeed many sharecropper families had once been affluent and any sharecropper, through luck, intelligence and hard work could advance out of sharecropping fairly easily.

But sharecropping could be tough and was not the kind of life to which a person would likely be attracted, given a choice. Rather it loomed like a gaping maw, ready to swallow up anyone who made what we call today "bad lifestyle choices". And in that way it served as a powerful deterrent against making those bad choices.
Slagle
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