This time on the theme that much of Wall Street innovation does not actually benefit society. I’ve written about that here, here and here. And in today’s Times Magazine, they note that the current Wall Street trading mentality more closely resembles a casino than the capital allocation function that Wall Street was founded to perform. I commented on the Times’ prior copying of me here.
Tag Cloudamerica apple art auto bailout ayn rand bailout barack obama bonuses bubble Business citigroup congress consumerism consumption corporate culture corruption culture deficit democrats economics economy education entrepreneurs Environment equality facebook financial crisis financial meltdown food free market gitmo goldman sachs google GOP greed health care health care reform income inequality insurance internet john boehner john mccain libertarian lobbyists marketing McCain morals movies music Obama Philosophy photography politicians Politics Pop culture regulation Religion republicans richard posner sacrifice san francisco Sarah Palin silicon valley supreme court taxes tea party tech bubble Technology Ted Stevens terrorism Trends unions venture capital wall street wealth
Thoughtbasket\’s RSS feed
Join 75 other subscribers