Chapter 13. Sell, Sell, Sell!
In this chapter we briefly summarize the major elements of damage done by the bubble. Those who believe that financial market excesses such as we've just experienced are an acceptable price of capitalism accept the costs below as the road kill of capitalism. To people who think this way, the financial and human casualties identified below are the necessary cost of economic progress, just as the carcasses of animals left beside the nation's highways are the necessary cost of automobile travel.
That these are human victims does not disturb those who believe financial manias serve a useful purpose. Whether or not it disturbs the majority of our society remains to be seen.
We begin by recounting the story of theglobe.com—one ...
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