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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Thotdoc who wrote (62341)	11/7/2002 4:05:16 PM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 77400

it is hard to know how much of any problem can be blamed on specific administrations or individuals, as compared to things that arose due to conducive conditions. we have had an extreme lurch to the right in favor of the very wealthy since Reagan's time (i define "very wealthy" as the top 0.1% of the population in terms of net worth--this segment has seen a trebling of its share of US net worth in the past two decades), but there were other causes besides Reagan. this all culminated in the blowoff top of the stock market, where you had individuals looting literally hundreds of millions of dollars and getting away with it. my guess is that the country will begin to move back to the left in the coming decade, as baby boomers prepare to retire and realize they don't have anything. the price for turning people whose main skill is hype into centimillionaires and billionaires is that there is a lot less left for everybody else. more wealth is concentrated at the top than at any time since the robber barrons. this will eventually lead to a national tragedy that will fuel a socialist movement in the US. i predict we will be communists by 2050! -g- PS. only the last sentence was a joke.