SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (62342)11/7/2002 4:34:07 PM
From: RetiredNow  Read Replies (2) | Respond to of 77400
 
Hey Mucho, I saw some statistics to that affect as well. The rich got much richer than everyone else in the last decade. At first, I thought well, who cares? Because it seems that my family and most of the families that I know were also substantially better off. But that attitude took a 180 degree turn, when we all started seeing how many criminals were running the most well known companies in America.

Ultimately, I don't think I'm smart enough to really understand where all the money came from. It seems that the middle class on up benefited enormously over the last decade, even when you take into account the trillions lost after the bubble burst. So who got screwed? Alot of Democrats will tell you it's the poor who got screwed, but I don't think that's entirely true. Mostly, I think that I'm guilty of anchoring on my own and my friends' situations when thinking about what has happened to the classes in America over the last decade. I would bet that mostly the rich got rich and most of the middle class on down got screwed.

Everything runs in cycles and I believe you are right. In the next couple of decades we will see a movement to the far right with all sorts of new social nets getting put in place. I think that will happen, unless miraculously this economy comes roaring back in the next 5 years to the levels seen in 1999. Don't roll your eyes just yet. :) It's possible.



To: Wyätt Gwyön who wrote (62342)11/8/2002 11:20:08 AM
From: Thotdoc  Respond to of 77400
 
No doubt that Hegel and his dialectic are alive and well. So I agree that we will move to anti-thesis and then synthesis, as is always the case.

Thanks for the responses. And thanks for the moderate tone and focus on the subject under discussion.

I have a position in CSCO and have occassionally lurked here. I'll try to attend more often, and promise to keep on the subject.

Best,

G