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Ralph Nader, Capitalist ? -- Revisited.


Ralph Nader, Capitalist ? -- Revisited.

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This article was posted on August 1, 2001.

Three years ago Ralph Nader pointed out that "the return on capital has been far higher than the return on labor." See link:


Even though the S&P500 is at 1200 level today, some 20% off its March 2000 high of 1530, it was less than 1000 when Mr. Nader made this statement in August 1998. Many Americans who are long-term investors in equities still own portfolios that have risen far higher than their wage and salary income over the last 10 years. Given the choice between working an hour of overtime and spending a hour learning how to effectively manage your money, learning how to manage your money has a far higher return. (Of course, salaried workers with the moxie to decline uncompensated overtime will see even higher returns. )

Kind of makes one ask the question, "Why bother working?" Well, Retire Early did, see "Why bother working ?"

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Copyright 2001 John P. Greaney, All rights reserved.

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