Yoshie said:
>The Enron debacle helps to clarify to all that piddling stock
>ownership in 401(k) plans doesn't make capitalists out of workers:
><http://abclocal.go.com/ktrk/business/120501_news_enronretirement.html>.
>401(k) plans are just a boondoggle by which corps get rid of workers'
>defined-benefit pensions.
>- --
>Yoshie
>
Didn't you write something in Wall Street, Doug, along this line with regards to privatized pension plans and their being foisted off on the public? I'm afraid it's late here, and I don't want to wake up my wife just for a reference. !{)>
>------------------------------
>
>
>Date: Tue, 8 Jan 2002 18:10:26 -0600
>From: jeffrey fisher <jfisher at igc.org>
>Subject: Re: Negri on globo
>
>are there non-working-class folks who are not capitalists? just
>wondering, because if so, then i think you haven't answered the question.
>
>j
Sure, they're called "peasants", I believe. And like capitalists,
proletariat, and nobles, there was and is a great variety of them existing
within the greater classes.
>------------------------------
>=================
>So a worker who retires with a 401(k) valued at a million bucks is not
>a capitalist?
>
>Ian
Could be. Does this hypothetical worker also directly control his/her stock and/or means of production, or is it managed by someone else?
Hey, you economic historians out there! Is there nowadays a greater proportion of people (let's say globally) owning a greater proportion of stock than in the past?
>
>------------------------------
>
>Date: Tue, 8 Jan 2002 18:43:58 -0600
>From: jeffrey fisher <jfisher at igc.org>
>Subject: Re: Negri on globo
>
>On Tuesday, January 8, 2002, at 06:29 PM, Ian Murray wrote:
>
> >
> >>
> > =================
> > So a worker who retires with a 401(k) valued at a million bucks is not
> > a capitalist?
> >
> > Ian
> >
> >
>
>i was coming from the other direction, but they're both reasonable
>questions, i think. part of what i'm wondering, though, is whether the
>mere possession of money makes one a capitalist,
No, it doesn't. You need to own what MAKES the money.
rather than just rich.
>isn't there a difference between being wealthy and being a capitalist,
>even if most capitalists are (maybe) wealthy?
>
>pardon me if i'm being naive, but . . .
Thank God if you are: I'll feel more comfortable in my naivete, then.
!{)>
Todd
>
>jeff "membership has its privileges" fisher
>dilettante--er, that's 'intellectual nomad'
>BM: Value for the Information Age
>http://www.brainmortgage.com/
>
>------------------------------
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