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"Does Goldman Sachs value a small sliver of profit over the opportunity to create a sustainable economy that works for everyone?" Duh! Not just Goldman but pre

by mnm1 9y ago

"Does Goldman Sachs value a small sliver of profit over the opportunity to create a sustainable economy that works for everyone?" Duh! Not just Goldman but pretty much every corporate entity out there. The irony is that corporations like Goldman Sachs do not have to exist. The sad part is that our society not only allows them to exist, but encourages them at the expense of real people's lives. One day, people might be smart enough to realize we have a choice, that we don't have to let these amoral entities dictate our lives. Oh, who am I kidding? People are too stupid for them to see what's literally happening in front of their eyes.

devoply 9y ago
Replace the financial class with AI.
- mnm1 9y ago
  Or just a plain old CRUD app because intelligence is not required in this field.
- gumby 9y ago
  Which is under way. Look at companies like Two Sigma, whose assets under management have ballooned over the last few years as people yank their assets out of human-managed funds.
mythrwy 9y ago
I've been watching the series "Taboo" recently (really enjoying, great series). East India Tea Company is a major feature of the show. While watching I kind of wondered if it would fair to think of Goldman Sachs as sort of a modern incarnation of East India Tea Company (minus the actual trading in hard goods of course).
- dwd 9y ago
  It was the East India Company (a multinational corporate) who owned the tea thrown overboard in Boston and in very very simple terms the whole affair was basically over taxes put in place to bail them out. Sound familiar? The modern corporate like Goldman Sachs however doesn't have its own standing army and navy. They use their power and influence to cause governments to do the dirty work for them. To quote Friedman - "McDonald's cannot flourish without McDonnell Douglas, the designer of the F-15." I'd recommend this if you're interested in reading more on their history: https://www.amazon.com/Corporation-That-Changed-World-Multinational/dp/0745325238 https://www.amazon.com/Corporation-That-Changed-World-Multin...

by mnm1 9y ago

devoply 9y ago

Replace the financial class with AI.

mnm1 9y ago
Or just a plain old CRUD app because intelligence is not required in this field.
gumby 9y ago
Which is under way. Look at companies like Two Sigma, whose assets under management have ballooned over the last few years as people yank their assets out of human-managed funds.

mythrwy 9y ago

I've been watching the series "Taboo" recently (really enjoying, great series). East India Tea Company is a major feature of the show. While watching I kind of wondered if it would fair to think of Goldman Sachs as sort of a modern incarnation of East India Tea Company (minus the actual trading in hard goods of course).

dwd 9y ago
It was the East India Company (a multinational corporate) who owned the tea thrown overboard in Boston and in very very simple terms the whole affair was basically over taxes put in place to bail them out. Sound familiar? The modern corporate like Goldman Sachs however doesn't have its own standing army and navy. They use their power and influence to cause governments to do the dirty work for them. To quote Friedman - "McDonald's cannot flourish without McDonnell Douglas, the designer of the F-15." I'd recommend this if you're interested in reading more on their history: https://www.amazon.com/Corporation-That-Changed-World-Multinational/dp/0745325238 https://www.amazon.com/Corporation-That-Changed-World-Multin...