[lbo-talk] FT/Harris: Economic stupidity epidemic throughout populace

Doug Henwood dhenwood at panix.com
Tue Jul 13 09:51:59 PDT 2010


On Jul 13, 2010, at 12:40 PM, 123hop at comcast.net wrote:


> I work in hi tech with people in their 40's and 50's, and I think most of them do not believe that virtue triumphs or that the poor are poor because they're lazy and stupid. This might be because despite a life of hard work and long hours (software engineering), most of them are barely able to put their kids through college, and because for many of them, not much retirement is possible.

These are people who make stuff. Finance guys are far more entitled. I'm usually wary of making too much of the industry/finance split (since capitalism is all about money, even the making-stuff part), but they do seem to create different psychologies.

Doug



More information about the lbo-talk mailing list