Does Eckhart Tolle Know America’s Primary Shareholders?
Bear in mind, America’s primary shareholders are not guys in ten-gallon hats who ride around in the back of limousines. According to Robert J. Shapiro, undersecretary of commerce for economic affairs under President Clinton, 55 million American households with a median income under $70,000 own equity mutual funds. Common stocks are owned by everyday people – teachers, nurses, policemen, truck drivers, secretaries – who plunk their money into retirement or mutual fund accounts each month and collectively own a substantial piece of the biggest and most profitable businesses in the world. By doing so, they are able to earn higher returns and pursue the serious goal of a secure retirement. Is this really so awful? Millions think so, apparently. Admittedly, businesses don’t always get things right. But neither do non-profit organizations – and certainly not government. Let’s be thankful that through the “invisible hand” of enlightened self-interest, businesses exist to meet all our economic
