Chapter 15. Can America Lead?
The Internet bubble points to significant problems that now trouble our financial markets. In particular, protections for retail investors have eroded far too much. The bubble has made it clear that by using modern communication methods, the hype machine of the professionals in the financial markets can cause the retail investor to make illogical and irresponsible decisions against his or her own interest. Such behavior is part of human nature, but that doesn't mean it should be sanctioned; financial market players should not be permitted to cause at will their customers to lose their savings and pensions, and this is what happened on a very large scale in the bubble. Such a manipulated squandering of assets by the ...
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