Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (64534)	6/2/2005 5:20:33 PM
From: Gib Bogle	Read Replies (2) of 74559

"Americans have the best politicians money can buy!" Maurice, this statement rather undercuts the first part of your post. The ideal of democracy is "one man, one vote", i.e. political power is equally distributed. The reality of "democracy" is that political power is proportional to wealth, as your saying suggests. (I'm not implying that I think it could ever be different.) If we think back to time when the Athenians introduced this system, we can remind ourselves that voting power rested with only a fraction of the people, the wealthy males, and the rest of the population had no vote at all. Gib

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