Reply #11: There will be no private investment in the new commons. [View All]

[Fovea]

I suspect that by the time this all unwinds, the entire nature of public corporations will change significantly. Banks (federally owned and supervised) will be the big investors for awhile.

By the time investors come back, the pool of things to invest in will be smaller, and money invested will be money that works, as opposed to money that just kites.
I suspect corporate citizenry, limited liability, and other cherished elements of the investing class, like its publicizing risk are over.

And while I am sure it is uncomfortable to talk about class, look at the differences in the Finance bailout and the auto company bailout.

Then tell me class is not involved.

I have hope for middle class and working class America not so much for the gated community crowd. Believe it or not, we can do without about 90% of the Uber Rich.
Unless Kevin Phillips is blowing smoke up our asses, we should demote them to the merely rich class.