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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (12065)	12/22/2001 10:03:53 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

<You've got to earn the bread with the sweat of your face. You have to save for the rainy day. Work hard and accumulate. These people are uncomfortable with the intangibleness of the economy in which they act. They have cognitive dissonance in this respect. All the cognitions they have -fed by the Max Weber protestant ethics, clash with this world of plenty.> That was a good post elmatador [I suppose because I agree with it]. I'm not sure I agree with that bit though. I was brought up with sweat and work and saving and investment and preparing for the rainy day, not to mention the random vicious attack. I am extremely comfortable with the intangible economy and don't have cognitive dissonance over it. My aim was always to achieve the state you describe. Where I become uncomfortable is to know which direction to go having achieved what I wanted. That's not unhappiness with the intangibles. It's confusion about what's next. The people I see around me all seem happy with the new intangible world too and are not seeking a return to the bad old days. Sure, there are plenty of social dislocations but that has always been, more or less. Where we go next with the world of plenty is the problem. Getting fat is pointless. Seeing more movies and playing more golf is pointless. Philanthropic investment is where it's at. By that I mean the people who have escaped the need for more tangible goods like cars, roads, houses, food and clothes have no need for more, but do have a need for the things which don't yet exist, should do high risk blue skies investment which might or probably won't return a huge profit. Such as comet busters, 10G CDMA cyberspace, CDNA [TM] = cyberdeoxyribonucleic acid = genetic engineering, cochlea implants and nerve transducers, retinal scans, Q money, nano technology, reconstituted United Nations and all that good stuff. <Always forgot is the fact that for over 50 years there were no major wars in the countries that really matter. Wars destroyed wealth and infrastructure> For example the WTC and thousands of people were destroyed in the current war. It continues to amaze me that some people think of wars as economically productive and they mean in a good way. I would like to see them explaining their insane theory to the residents of the WTC, not to mention Dresden, Hiroshima and London. This is not to deny the effects of war on DNA and progress in the 'red in tooth and claw' sense. But in the more narrow realm of a single person's life, war is barely profitable for the victors and absolutely a huge loss for the vanquished. Mqurice