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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (15889)	8/8/2002 12:26:24 PM
From: whitepine	Read Replies (1) \| Respond to of 23153

Scott, Wall Street was a great movie. Greed is good, with one caveat, that it motivates legal behavior. What is the difference in the motivation of XOM and the poor Missoura dirt farmer? Answer: nothing. IF the dirt farmer, or any other capitalist for that matter, could make a million or even a billion by selling the back 40, would s/he do it? Yes. Problem is s/he can't. It is a problem of market power, not motivation. Perhaps you might read Adam Smith for a review of the paradox of greed and markets...and how they produce lower prices and economic progress for the average consumer. In the main, this is still the case. Wal-Mart has done more for the working class than any liberal do-gooder with its practice of low prices. Regards, whitepine

To: stockman_scott who wrote (15889)	8/8/2002 1:13:27 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

Mebbe, mebbe not. Can you tell me what drove people to buy GX, ENE, AMZN, and every other stock at nosebleed levels? It wasn't that they had read the financials and done any due diligence, was it? Wasn't it pure greed, only coupled with an ignorance that hasn't been seen since folks got their stock tips from shoe shine boys in the late 1920's?? Shakespeare, if I may paraphrase from Julius Caesar, had it right (although as in most of his plays, the truest words are generally given to the worst rogues or fools to say--witness Iago's speeches, Polonius' advisories, etc.)--here is Cassius, with the lean and hungry look: "The fault, dear Brutus, is in ourselves, not our star executives." Kb