Originally posted by Twilly
You are forgetting 1 important point. The Government made all of your money for you.
In the late 90's, your tech company did well because of the tech boom, that was created by government regulations. And the real estate boom was directly caused by Big Willie and the Dems in Congress. Barney Frank in particular, passed a law forcing the banks to give loans to people who they KNEW couldn't pay it back. That caused a shortage of real estate, which caused prices to sky-rocket... Making you alot of money. If the Government had kept their hands out of both issues, There would have been no bubbles, and the free market would still be doing its thing. Please dont tell me Capitalism does not work... It works great when left alone.
The bottom line of capitalism is Risk and Reward. If I only have $100, and I risk it, chances are I will receive a reward. Those who refuse to risk anything, will get no reward.
your wrong about the tech boom it wasn't due to govt regulations...although i am sure it helped. the tech boom was due to innovation and the further development of the personal computer in the internet world that had just opened. remember it was called the dot com bubble. the tech boom is still going...is it iphone 4 now?