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RE: Why the bust was good for America

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RE: Why the bust was good for America
by flynn23 at 11:11 am EST, Apr 4, 2003

Rattle wrote:

] I agree with the article.. I just dispute the title.. The
] "rest of us" assumes you didn't work in technology. Its not
] just the VC that got screwed out of their money, many of us
] non-ruling class folks have been screwed out of our careers
] and lives. Its alot like starting over, only the exuberance
] of youth is just as dead as the irrational kind. So
] all-in-all, this may be grade-a peaches for America, but it
] still sucks for me. We are most likely still a good decade
] away from the point where "gain" and "bust" can be said in the
] same sentence without a very uncomfortable laugh from most of
] us who had a part in it all..

Perhaps you're correct on the timeline, but I disagree with your assessment that your life sucks because of the bust. You are smarter, wiser, more experienced, more marketable, and certainly more skilled. Your annual wages went up, to a great degree most likely, and they will probably not go too far down in this economy. You may be unemployed (as I am), but the fact remains that you are not on the streets begging for money. In fact, you're sitting at a computer with incredibly powerful tools, a worldwide network of distribution, and nothing but initiative holding you back. How does that suck?

RE: Why the bust was good for America


 
 
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