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October 10, 2008 at 08:28:11 Permalink What the really rich people are doing Diary Entry by Joel S. Hirschhorn (about the author) |
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One thing to always remember about the stock market collapse... :::::::: The really rich and powerful people are BUYING all those shares that have sunk to incredibly low values and still may go lower. For every seller there must be a buyer. When all economic bubbles burst the rich aristocracy takes advantage and buys, from company shares to real estate to commercial buildings to entire companies. Capitalism is not dead, it is just continuing to operate to favor the plutocracy. If you think Barack Obama or anyone else has a magic bullet for fixing things to favor ordinary people you are just plain crazy.
Joel S. Hirschhorn is the author of Delusional Democracy - Fixing the Republic Without Overthrowing the Government (www.delusionaldemocracy.com). His current political writings have been greatly influenced by working as a senior staffer for the (more...)
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