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To: Robert Douglas who wrote (3428)6/10/2002 10:12:41 PM
From: Kenneth Kirk  Respond to of 3536
 
I recall that just a few years back, Albanians were rioting in the streets because some pyramid schemes had collapsed. Seems a lot of them threw money into these "get rich quick" schemes, which then failed, as pyramid schemes are wont to do. Now these fools who had pumped in their money and lost it, wanted the government to do something about it.

And everybody laughed and said "Poor dumb Albanians. Pyramid schemes? They should have known better".

Now here we are with Enron, dot.coms, et al. A lot of Americans put their money into get rich quick schemes, thinking they could retire rich at forty instead of working a full career, and now they've lost it. So they're screaming for the government to do something. They put their money on the roulette wheel and lost it. This, in what should be the most economically sophisticated country in the world.

I'm not saying that there aren't possibly a few people in Enron and Arthur Andersen, and elsewhere, who should go to jail. I'm just saying it isn't just the "management class" (if there is such a thing) which is to blame.

We have met the greedsters, and they is us.