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

Saturday, June 16, 2012

QUOTATION OF THE DAY: Insider Trading


"Having fallen from respected insider to convicted inside 
 
trader, Mr. Gupta has now exchanged the lofty board room 
 
for the prospect of a lowly jail cell."
 
 
 PREET BHARARA, the United States attorney in Manhattan, after Rajat K. Gupta, former head of the consulting firm McKinsey & Company, was convicted of conspiracy and securities fraud.

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