Gilder on Trust

Miles Jackson cqmv at pdx.edu
Sun Dec 8 10:08:20 PST 2002


On Sun, 8 Dec 2002, Doug Henwood wrote:


> Carrol Cox wrote:
>
> >Didn't Gilder lose all his money by trusting the dotcom bubble all the
> >way to the bottom?
>
> At last report, there was a lien on his house and he was broke. The
> guys he trusted - Winnick, Lay, & Co. - all got out at the top.
> George kept holding the bag.
>
> Doug
>

So let me get this straight: he trusts the people who brazenly ripped him off, and he distrusts scientists (e.g., ecologists) whose objective work endangers the profits of the group he trusts.

A new version of Stockholm syndrome--perhaps Davos syndrome?

Miles



More information about the lbo-talk mailing list