- Capitalism and Alternatives -

Comforting words!

Posted by: Stoller on October 01, 1999 at 17:02:44:

In Reply to: bubbles posted by Gee on October 01, 1999 at 12:02:46:

: Which picture is this from? With poverty lowest since 1979.

Yahoo stats? No thanks, I 'll stay with the New York Times: '[F]our out of five households, or about 217 million peole, are taking home a thinner slice of the economic pie today than in 1977.' (5 September 1999, sec. A, p. 14.)

: Any person who compares *their* past with their *present* instead of looking over the fence and saying "its not fair" without bothering to ask how the disparity has occured and whether its resulted in any actual erosion in their standard of living or just increased the envy factor.


: Looking at a five year chart and ending the chart just after the crahs looks awful. Showing the 50 year chart makes the trend ever clearer.

Great. When four out of five Americans live to be 300 years old or so, market 'corrections' will not destroy their entire lives. Comforting words!

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