Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Friday, November 4, 2011

One Facebook post becomes national movement to abandon big banks - latimes.com

One Facebook post becomes national movement to abandon big banks - latimes.com:

When Kristen Christian learned that Bank of America Corp.planned to charge her a $5 monthly debit card fee, she did what many people do these days when they get mad: She ranted on Facebook.


Her Facebook post urging friends to abandon big banks unwittingly blossomed into a national campaign. More than 75,000 people have pledged to participate in "Bank Transfer Day" by moving their money from large U.S. banks to nonprofit credit unions by Saturday, Christian said.


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