On March 14, Greg Smith quit his job as a director of Goldwyn-Sachs (GS). He said, "It makes me ill how callously people talk about ripping their clients off." GS was rescued as part of the $700 billion bailout of Wall Street in 2008-9. If the executives at GS and their partners in crime won't change, there's no hope for the financial system and every reason to believe the experts who say it will crash again soon. There is every reason to work for its abolition.
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
Subscribe to:
Post Comments (Atom)
-
Paternalism is a common attitude among well-meaning social reformers. Stemming from the root pater, or father, paternalism implies a patria...
No comments:
Post a Comment