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rhett o rick

(55,981 posts)

16. This is where Ayn Rand hits the fan. Rand and Greenspan believed that if

Reply to KoKo (Original post)

Wed Jul 1, 2015, 11:51 AM

Jul 2015

government left CEO's alone, they'd grow their companies and the rising tide would lift all. But it was all a fantasy. Greenspan was literally shocked to learn that CEO's would drive their companies into the ground to increase their personal wealth.
And then the Randians begged the hated government for taxpayer money to bail them out.

But who are the fools here? They got wealthy while we got stiffed. Wealth inequality is literally killing Americans.

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17 replies

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Highlight:

"The U.S. computer industry is dying--and. I’ll tell you exactly who is killing it and why" [View all] KoKo Jun 2015 OP

K&R nt HFRN Jun 2015 #1

Adding a link: Live and Learn Jun 2015 #2

Thanks...edited my post for the link that got cut off... KoKo Jun 2015 #3

Thanks for a great article. nt kristopher Jun 2015 #4

The CEOs took the shareholders for chumps, who could have predicted that? nt bemildred Jun 2015 #5

Greed is the driving force behind our system today. zeemike Jun 2015 #6

A lot of what screwed up the tech industry was the laddering scams during the tech bubble... cascadiance Jun 2015 #7

There were other events reinforcing the cycle too jeff47 Jun 2015 #14

or azureblue Jun 2015 #8

Good read...thanks for posting! Roland99 Jun 2015 #9

k&r Electric Monk Jun 2015 #10

It's really horrible and it did not need to happen. K&R Jefferson23 Jun 2015 #11

K&R One of those articles where I just nod like a bobblehead. raouldukelives Jun 2015 #12

A very interesting article! Thanks for posting it! Peace Patriot Jun 2015 #13

Great article. I've seen some but very little about this and it has been going on rhett o rick Jul 2015 #15

This is where Ayn Rand hits the fan. Rand and Greenspan believed that if rhett o rick Jul 2015 #16

Kicked and recommended. Uncle Joe Jul 2015 #17