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It''s so unfair! Christopher Caldwell on socialist expectations in a capitalist economy. (The Token Man).

Publication: Women's Quarterly
Publication Date: 22-SEP-02 		Format: Online - approximately 767 words
Delivery: Immediate Online Access

Article Excerpt
OUR NEIGHBORHOOD is full of college-educated professionals who in the 1990s saw their net worth multiply because they knuckled down and embraced the American ethic of, well, of just continuing to breathe. It's the same story as everywhere: Real estate prices doubled, allowing people to borrow money against their homes and plough it into stocks appreciating at 20 percent a year. By 1999, our neighbor Cathy would let drop, with all the nonchalance at her disposal, "Oh, Bruce and I will be renting Prince Edward Island for the month of August. It's really quite affordable."

I exaggerate only mildly. Cathy and Bruce supplemented their investment income by working--she selling insurance, he as a lawyer....

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