Thursday, December 06, 2007

Debt Slaves

From Sudden Debt:

Was there a Grand Conspiracy to create debt slaves in America? No, I don't believe so. But the profit motive as a sole driving force in business was more than enough - and stupid in the extreme. Any fool of a manager can increase profits for a short period of time - all it takes is a sharp axe and a dull conscience.

We see now what happens when we let loose a whole pack of smart operators and financiers upon the US economy offering them billions, if only they boost share prices from X to Y.

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