HEAR that? The boom is a’comin’, says George Gilder
Posted: 27th, October 2008 | In: Twitterings Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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October 28th, 2008 at 1:37 pm
Venture Capitalism can never do more than make the wealthy, wealthier and the poor
poorer. What”s “boondoggles” mean by the way.
America is noted for ingenuity and credit must be given for their achievements, but
with a 10 TRILLION $ debt forecast for next year Capitalism is now a dirty word.
The old barter system worked well enough, perhaps we ought to go back in time and
rediscover principles. Or maybe get back to Manufacturing .
October 27th, 2008 at 10:14 pm
The man’s raving bonkers.
The creative vision he espouses is precisely the same creative vision that got us into this mess in the first place; if Deutsche Bank had steered clear of those wonderful equity derivatives trades it would not have lost more than $400 million on them in the last couple of months, and would not be staring down the barrell of major job losses in its equities department.
Admittedly, no-one is going to do well when Standard & Poor’s 500 Index is now heading for its worst month since 1938, but there’s a difference between not doing well and doing catastrophically badly…