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To: Amy J who wrote (181098)	5/12/2005 10:05:45 AM
From: Proud_Infidel	Respond to of 186894

Re: Heard there are 1m people managing money. Doesn't anyone produce anything any more? Feels like this country lives off of the handful of people that actually produce things. I think the same thing almost every day when I see person after person driving BMW's, and MB's, and yet nary a one probably produces anything. This can only go on for so long IMHO.

To: Amy J who wrote (181098)	5/12/2005 12:15:57 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 186894

Amy, Doesn't anyone produce anything any more? Feels like this country lives off of the handful of people that actually produce things. That's for sure. By the way, how many lawyers are out there? New York Times calls trial lawyers the "venture capitalists of the legal system." Message 21084799 Message 21085311 Tenchusatsu

To: Amy J who wrote (181098)	5/12/2005 12:54:59 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 186894

PSS Heard there are 1m people managing money. Doesn't anyone produce anything any more? Feels like this country lives off of the handful of people that actually produce things. I think the "manage money" approach to success was what we had in the 80s in the US. Nobody wanted to build anything, the prestige job was corporate raider or investment banker etc. who profited while the japanese ate our lunch. I always thought the 90s were so great because we totally got away from this line of thinking and many of the companies created were our best ever. The 90s were also good because in the 80s, you really felt that overcompensated CEOs were screwing everybody- that changed in the 90s. Now, it seems we are back to that 80s mindset again. I always thought stock options had a lot to do with people wanting to build. And the labor shortage too. I wish I could find that ratio of executive compensation vs. avg worker compensation. When we build, the worker compensation starts to gain on the exec compensation. Now, obviously we are going in the wrong direction again.