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> It's a huge misallocation of resources These resources are self "allocated". No one was forced or coerced into joining Goldman Sachs. Did you ever think that

> It's a huge misallocation of resources These resources are self "allocated". No one was forced or coerced into joining Goldman Sachs. Did you ever think that maybe those people enjoy their job? Or that Goldman Sachs isn't the net negative harbinger of the apocalypse you claim it to be? One could even argue that the success of "the west" is due to availability of capital, of which GS has played a role.

branchless 10y ago
Nope, they are abusing their monopoly on credit creation and access to markets / lobbying. The west has been struggling big time since the 1970s. Yes we have "growth" but that is just counted in fiat. We now have families with both parents working all the time for the same home their parents had. Because of the banks issuing credit ahead of the rate of increase of wealth creation. It's been a total disaster.
- exstudent2 10y ago
  > We now have families with both parents working all the time for the same home their parents had. This is not true. Homes are much larger now than they were in the past: http://www.aei.org/publication/todays-new-homes-are-1000-square-feet-larger-than-in-1973-and-the-living-space-per-person-has-doubled-over-last-40-years/ http://www.aei.org/publication/todays-new-homes-are-1000-squ... Both parents working happened due to women _wanting_ to enter the workplace. It had nothing to do with Goldman Sachs.
- forgetsusername 10y ago
  >Nope, they are abusing their monopoly on credit creation and access to markets / lobbying. You think banks have a monopoly on credit creation? Do you understand what credit is or how it works? Everyone is free to create and distribute (or accept) as much credit as they want.