Goldman and other banks profited because they were selling the financial products, not buying them. The sellers always make money. Investors who bought the Gol

Goldman and other banks profited because they were selling the financial products, not buying them. The sellers always make money. Investors who bought the Goldman products did eventually lose money, however not soon enough to stop millions of people from starving. For me, the takeaway here is that tremendous wealth and power inequality creates conditions where the stupidity and inattention of a wealthy elite can easily cause the starvation, death, and suffering of the people they financially dominate. This story has repeated over and over throughout history. Usually, it happens when a powerful person like a King or Emperor behaves irresponsibly and causes terrible suffering. I'm reminded of Nero watching Rome burn or Stalin starving the Ukrainians. Concentrating power and wealth in the hands of the few is a bad idea because their slightest indiscretion causes mass suffering.