Friday, June 28, 2002

Invisible Hand [NYT] So my retirement plan lost $565 million on WorldCom, not that they've announced anything yet. Has anybody noticed that the market has become just another surplus extraction mechanism? Take everyone's retirement money, put it in 401(k)s, use it to inflate the market, then obscenely overcompensate the douchebags like Kozlowski who run the whole scam. If anyone's figured it out, it's probably this guy.

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