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[quote user="henry6"] The problem in the US seems to be that investors want to make money with their money, not make widgets, build highways or run trains.  Part of the reason Amtrak is not privtiized is because no company or investors have come forward to take it over... ...what no one seems to get through their heads is that we in the US, in fear of being ripped off (and probably rightly so if the mortgage and investment scams are any indication) and so afraid of not making a huge return on investment (whats this about an entrapeneurial risk taking classs) unless there is government protections and guarentees, have not had to face the real cost of anything in hundreds of years.  Food, fuel, and and everything else in this country is priced low because the governemtn protects investors and industry from going under.  Even the old adage of knowing the price of everything but the value of nothing can't stand up here because we really don't know the real price of anything and understand the value of nothing. [/quote] If the government protects investors and industry - the same group - from going under, it needs to sharpen its skills. Of the Dow Jones companies in existence in 1900, only GE has survived.  Moreover, of the 1950 S&P 500, only 39 are around today, although a number of them have been merged into companies that are still listed in the S&P 500. Today approximately 88 to 90 per cent of the shares of U.S. corporations are owned by institutional investors, i.e. mutual funds, pension funds, endowment funds, etc. That means everyday citizens. If you are retired with a pension, chances are your pension is paid out of a fund that holds shares in a variety of U.S. companies.
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