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, December 30, 2011

Bank of America Dissed


The Funniest Part Of Michael Lewis' New Column Is The Brutal Bank Of America Diss:

They should avoid important questions, pinpoint student leaders, and then convert those rebels to Wall Street's side.

Engage, quietly, with the ringleaders. Of course, all variations of the Occupy movement claim to be leaderless. We on the committee aren’t buying this. With the possible exception of Bank of America, there is no such thing as a leaderless organization...

To close his column, Lewis points out that the 1% needs the Ivy League not just to ensure its proliferation, but also to show the world that — obviously — anybody can be in the 1% if they're really meant to be.
They show the Lower 99 that today’s economic inequalityisn’t some horrible injustice but a financial expression of the natural order of man. The sort of people who become Upper Ones are inherently different from the sort of people who become Lower 99s. The clearest sign of this inherent difference is that we begin our adult life by getting into places like Princeton. 





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http://www.businessinsider.com

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