3 ms·
> The point about money attracting the wrong kind of people is (I think) accurate. We live in a time where moral hazard was effectively removed for people at t
by j_m_b 11y ago
> The point about money attracting the wrong kind of people is (I think) accurate.
We live in a time where moral hazard was effectively removed for people at the top of the economic food chain. The 2008 financial crisis should have wiped out the bad players, leaving them bankrupt and starting from the bottom to crawl their way back up. The bad bets, bad ideas and fraudulent practices that should have served as a cautionary tale to others instead became best practices. I don't think it is so much that money attracts the wrong kind of people, its that the wrong kind of people still have power because of crony capitalism.