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Wednesday, May 29, 2002
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Subject: Re: John Robb: The New Economy
To: DaveNet email
on 5/29/02 8:33 AM, John Robb via dave@scripting.com wrote:
> Corporations aren't people, despite what the law says. They are a means to an
> end. If they end up barely producing a profit, but employee salaries rise and
> consumers get low prices, does that hurt us? No. Sure, the stock market will
> be a dog, but who cares? The market is merely an abstraction of the wealth
> creation process and a playground of the wealthy that is often perveted to
> fleece gullible individual investors.
I think your characterization of the stock market is quite perverted.
Coupla points:
* Userland Software, Inc. is a corporation
* Because of the Internet, electronic stock trading, and 401ks, more
Americans than ever own stock (> 20%)
* Whenever you get a bunch of newbies in a market, someone tries to take
advantage of them...
* ...But, that isnâo[dot accent]t the norm... (open) markets are always good (see
Econ.101)
* Corporations should strive for profits, balanced with all the stakeholders
If you assert otherwise, I hope you have no aspirations of an IPO :-)
--
Cherry Twist
The Crystal Method
2:48:25 PM 
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Last update: 7/17/02; 9:27:20 AM.
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