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> "Have the banking giants grown too powerful?" The New York Times never asks this question because it doesn't make for news and the answer has basically been
by neuromantik8086 8y ago
> "Have the banking giants grown too powerful?"
The New York Times never asks this question because it doesn't make for news and the answer has basically been the same since the emergence of banking giants. Asking if banking is too powerful will always yield an affirmative, and the discerning NYTimes reader will react with a justified, "No shit Sherlock".
> I am also not sure why the NYT feels compelled to bash the Bay Area
The issue is cultural. Folks from the Bay Area tend to couch their money-making schemes with nonsense about making the world a better place. Finance workers in NYC have no need to sugarcoat what they do and are unabashedly trying to make ludicrous amounts of money. In New York, calling people out on their bullshit is deeply culturally ingrained, and the Bay Area is clearly full of it. :. The NY Times gives its primary demographic what it wants.
- ChuckMcM 8y agoFair enough.