> Dana wrote: > by the way Gruss, this seems like your kind of thing: I heard an > interview this morning with Paul Krugman
Yeah, read it and have been reading his column for years. I find him to be about 50/50 with everything he says, meaning 50% of what he says is great, but the other 50 is wacko. A great new book out is 'The Battle For The Soul Of Capitalism' by John Bogle, founder and former CEO of Vanguard. He essentially says that the best form of capitalism is an "ownership society" where the citizens provide the capital and therefore own the corporations. He posits that we've gone from that to a "management society" where citizens provide capital to managers (of mutual funds, hedge funds, and other money managers as well as corporate) and the managers now control capitalism. Because the managers control the capital, he says, they act in their best interest which is usually not in citizen's best interest. He offers solutions to fix this such as high taxes on short term capital gains thus encouraging investors to take the long view. http://www.amazon.com/gp/product/0300109903/102-5674722-4354500 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:184149 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
