- Capitalism and Alternatives -

all of those stats came from government agencies.

Posted by: David ( USA ) on November 24, 1999 at 00:51:00:

In Reply to: They're incorrect posted by Stoller on November 23, 1999 at 15:14:06:

: : Unless the reputation is of giving false statistics, than I really see no point. All I care about is the validity of the statements. Either they are correct or incorrect.

: In one corner...


: 71% of households own no shares at all or hold less than $2,000 worth in any form, including mutual funds, 401(k)s, and traditional pensions. (Business Week, 1 Setember 1997, p. 67.)

: And in the other:


: Today, 76 million Americans, members of 43 percent households, own stock or stock mutual funds... (The Rise of Worker Capitalism, Cato Policy analysis, p. 1, Executive summary.)

: Two sets of numbers, both conflicting. It's a matter of which source is more TRUSTWORTHY.

: You'll notice that I always quote mainstream sources---the New York Times, Business Week, government data. I NEVER quote, say, a Spartacist pamphlet or a CPUSA newspaper. The reason? Better to stick to sources that EVERYONE agrees are TRUSTWORTHY.

Actually, if you check out the sources for all of the data collected in the Policy Analysis you will see that all of those stats came from government agencies. They were not studies funded or performed by the Cato Institute.

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