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the bright side of the crash


Bill Keller's op-ed piece in the New York Times today talks about "the bright side" of the current problems in corporations, and their consequences. Very interesting. A quote:

"The truth may empty your pockets, but it will also set you free. Over the past decade we have been absurdly captivated by the stock market. The Dow became our national mood ring. Investing went from being a form of savings to being a kind of lottery. We became a nation lined up on its elliptical trainers, pedaling to nowhere while staring blankly at the market ticker on CNBC. [...] The fact that Americans are losing faith now is no bad thing; we've been worshiping in a casino."

Categories: personal
Posted by diego on July 27 2002 at 5:19 PM

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