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

To: Seeker of Truth who wrote (54774)	10/24/2004 3:59:55 PM
From: energyplay	Respond to of 74559

Billionaries could still subsidize think tanks, buy media outlets, support politically slanted authors. Prehaps the visible contributions are better than unseen hands. In California, the personal projects of the rich have not done well. For Governor, Mr. Cheecci and Mr. Huffington got nowwhere. Several propositions with big dollars sponsors (school vouchers) crashed and burned. I think we are better off dealing with the open advocacy of George Soros, Pete Coors etc. than with the hidden hands of the Pew Foundation or Richard Mellon Scaife. Just to pick one each from 'left' and 'right'

To: Seeker of Truth who wrote (54774)	10/24/2004 4:13:58 PM
From: Tommaso	Read Replies (1) \| Respond to of 74559

>>>Let's say I am a billionaire<< I thought you were, Malcolm. <G>

To: Seeker of Truth who wrote (54774)	10/24/2004 10:16:58 PM
From: Riskmgmt	Read Replies (2) \| Respond to of 74559

Malcolm, Your point is well taken but it assumes that billionaires are concerned with increasing their wealth above anything else. The same for "corrupt politicians". Whilst I am sure it applies to some, do you really thing it applies to most? And if the American democratic system is fatally flawed, one wonders where one can go to find a workable system. I mean if the Fed is going to print money endlessly, as is expected by many on this thread, resulting in a crash. Where would one be better off or are we all doomed? Ray