Here is a question for Doug Henwood or anyone else who may be able to answer. I apologize if this has already been discussed:
In the stock market run-up in general, or for specific examples, e.g. Enron, World-Com, etc. 1] How much money was actually placed in the stock during the run-up of the stock by outside investors? 2] How does this compare with the capitalized value of the company at the high point of the stock? 3] For companies that ended up in bankrupcty what was the total transfer of outside investment into capital goods (perhaps now substantially depreciated) vs pure income transfers to corporate insiders? 4] To what degree has the bubble (aka "new") economy been nothing more than an elaborate and calculated scheme to steal money from employees and middle class investors, or was it more fortuitous accident of history for those who got rich at every one else's expense? Anyone have estimates of these magnitudes? Have they been reported anywhere in the media?
