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It is called a "market," after all

An opinion from the Economist:

In truth, the most effective remedy for these ethical and mental breakdowns has already been dispensed, frustrating as this is for politicians with careers to make. Shares may still be dear, but the technology-stock bubble has well and truly burst. The mood has changed from mania to remorse. Until further notice, regulation or no regulation, investors will be on their guard, and financial orthodoxy and corporate probity will once again be celebrated and valued.

Where remedies are needed, the Economist adds, "the need is not to dictate to companies, but to help shareholders do a better job of protecting their own interests, should they be in the mood to try."

So long as investors do actually think about the wisdom of their investment choices (as opposed to simply buying into the latest hot trend), the market will provide powerful motivation for companies to clean up their act. In the end, companies will follow whatever strategy investors best reward — for better, or for worse.

July 16, 2002 12:56 PM

Comments (and TrackBacks)

Caution has re-entered the vocab of the Consumerist Majority. Amazing stuff.

When these herds start buying used clothes and cars because they want to and because they think its a wise idea, i'll start to have compassion for their "suffering."

Until then, let them eat their TiVo boxes.


Posted by rob adams on July 17, 2002 12:09 PM

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