- Capitalism and Alternatives -

What doesn't kill me makes me stronger I presume

Posted by: Stoller on October 03, 1999 at 19:37:47:

In Reply to: 5=300? posted by Gee on October 01, 1999 at 17:38:07:

: The NY stats are completely relative and meaningless. A $100k a year worker is 'very poor' relative to Warren Beatty (oh but hes so socialist!) but he is not impoverished by any objective standard.

The New York Times numbers are from the latest U.S. Statistical Abstract. What that has to do with making 100k a year---something only one-fifth of the Amerivan population can boast---is beyond me. (And Warren Beatty---seriously!)

: : : 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!

: You passed on math then.

And you must have passed on reality. When markets crash, entire life savings are lost. And contrary to current neoliberal propaganda, crashes do not always rebound immediately. Ever heard of 1929---or was that just some commie plot?

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