| Donald Tees 2006-04-18, 6:55 pm |
| Clark Morris wrote:[color=darkred]
> On Mon, 17 Apr 2006 19:25:05 -0400, Donald Tees
> <donald_tees@sympatico.ca> wrote:
>
>
>
>
> Corporations have theoretically infinite lives but stupidity at the
> top seems to limit them. US Steel isn't the power it once was. AT&T
> was taken over by one of its spin-offs after pursuing the great policy
> of buy high, ruin the acquisition and sell low. The railroad industry
> isn't the power it once was. Airlines are dropping like flies and
> look at what happened to most of the major computer industry names.
> Even IBM was on the ropes for a while. Many of the rich families have
> managed to fritter away their wealth. Stupidity and unexpected change
> are the great levelers.
>
Yep, there were lots of stupid barons/dukes/princes over the years too.
The fact remains that 90% of the worlds wealth lies in a *very* few
hands. Only the fact that the world is thousands of times richer
prevents us from realizing our peonage.
Oil and the arms dealers are now at the top. The Bushes and the Bin
Ladens.
Donald
Donald
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