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Something tells me these Wall Street types aren’t going to be too interested in the pervasive industrial re-regulation necessary to make a dent in atmospheric C

Something tells me these Wall Street types aren’t going to be too interested in the pervasive industrial re-regulation necessary to make a dent in atmospheric CO2 levels over the next century.

JumpCrisscross 3y ago
> Something tells me these Wall Street types aren’t going to be too interested in the industrial re-regulation necessary to make a dent in atmospheric CO2 levels over the next century What or who is that? Wall Street’s rank and file is left of centre on social issues.
- archgoon 3y ago
  [dead]
- sydbarrett74 3y ago
  Regulation of emissions isn't a social issue. It's an economic one.
  - JumpCrisscross 3y ago
    In the way worker non-discrimination isn’t a social issue.
jghn 3y ago
Steve Castle from Futurama [1] is all I can think of when I read this https://futurama.fandom.com/wiki/Steve_Castle https://futurama.fandom.com/wiki/Steve_Castle
- zelias 3y ago
  Do you think the severance money may go towards efforts to find a cure for boneitis?
tootie 3y ago
You're very, very wrong. Most Wall St employees are coastal, big city, college-educated. They tend to be overwhelmingly liberal. I was at the Goldman Sachs headquarters the day after the 2016 election and the mood was utterly morose.
- thebooktocome 3y ago
  It’s not really about liberal versus conservative. Their livelihood depends on the federal government maintaining a certain consistent laxity in financial regulation; unfortunately, it seems like consistent strictness in regulation will be necessary to make real progress on climate change. This theory of mine explains their post-2016 depression, I think. Everyone knew he would make chaotic policies and wild card political appointments. I’m sure he was horrid for their bottom line. But yeah, I could be wrong. Never really got in with that crowd for some reason. If GS’ charitable arm has given some reasonable fraction of their pool to green charities or something, I’ll change my mind.
  - tootie 3y ago
    I think you're missing what we're getting at. OP was talking about rank and file employees. 99% of people who work at Goldman Sachs don't really give a shit what's good for Goldman Sachs. A substantial percentage actively dislike their employer, but just want a nice paycheck. They are people working a job. Like 1/4 of GS employees are technologists. They don't know or care about how climate regulation affects their business. In fact, a lot of employees jobs are mitigating compliance risk so they literally depend on onerous regulation to stay employed. I'd wager a substantial percentage of GS employees don't even know how to trade stocks.
    - thebooktocome 3y ago
      I find it really hard to believe that even a mere “technologist” wouldn’t understand how their bread gets buttered, but maybe they’re even less engaged than I’ve heard & seen. I think we’re starting to talk past each other, but for the sake of pointing out where we seemingly agree: GS employees are more-or-less self-interested, and they do depend on gaming (or mitigating risk, I suppose) regulations to stay employed. Neither of those make great bullet points on a green tech pivot resume, which was more or less my original point? I brought up their charitable org specifically because I recall an acquaintance who works there saying it was more employee-driven than the average corporate tax amelioration scheme. Maybe he was wrong? He’s only been there for five years or so.

Something tells me these Wall Street types aren’t going to be too interested in the pervasive industrial re-regulation necessary to make a dent in atmospheric CO2 levels over the next century.

JumpCrisscross 3y ago

> Something tells me these Wall Street types aren’t going to be too interested in the industrial re-regulation necessary to make a dent in atmospheric CO2 levels over the next century What or who is that? Wall Street’s rank and file is left of centre on social issues.

archgoon 3y ago
[dead]
sydbarrett74 3y ago
Regulation of emissions isn't a social issue. It's an economic one.
- JumpCrisscross 3y ago
  In the way worker non-discrimination isn’t a social issue.

jghn 3y ago

Steve Castle from Futurama [1] is all I can think of when I read this https://futurama.fandom.com/wiki/Steve_Castle https://futurama.fandom.com/wiki/Steve_Castle

zelias 3y ago
Do you think the severance money may go towards efforts to find a cure for boneitis?

tootie 3y ago

You're very, very wrong. Most Wall St employees are coastal, big city, college-educated. They tend to be overwhelmingly liberal. I was at the Goldman Sachs headquarters the day after the 2016 election and the mood was utterly morose.

thebooktocome 3y ago
It’s not really about liberal versus conservative. Their livelihood depends on the federal government maintaining a certain consistent laxity in financial regulation; unfortunately, it seems like consistent strictness in regulation will be necessary to make real progress on climate change. This theory of mine explains their post-2016 depression, I think. Everyone knew he would make chaotic policies and wild card political appointments. I’m sure he was horrid for their bottom line. But yeah, I could be wrong. Never really got in with that crowd for some reason. If GS’ charitable arm has given some reasonable fraction of their pool to green charities or something, I’ll change my mind.
- tootie 3y ago
  I think you're missing what we're getting at. OP was talking about rank and file employees. 99% of people who work at Goldman Sachs don't really give a shit what's good for Goldman Sachs. A substantial percentage actively dislike their employer, but just want a nice paycheck. They are people working a job. Like 1/4 of GS employees are technologists. They don't know or care about how climate regulation affects their business. In fact, a lot of employees jobs are mitigating compliance risk so they literally depend on onerous regulation to stay employed. I'd wager a substantial percentage of GS employees don't even know how to trade stocks.
  - thebooktocome 3y ago
    I find it really hard to believe that even a mere “technologist” wouldn’t understand how their bread gets buttered, but maybe they’re even less engaged than I’ve heard & seen. I think we’re starting to talk past each other, but for the sake of pointing out where we seemingly agree: GS employees are more-or-less self-interested, and they do depend on gaming (or mitigating risk, I suppose) regulations to stay employed. Neither of those make great bullet points on a green tech pivot resume, which was more or less my original point? I brought up their charitable org specifically because I recall an acquaintance who works there saying it was more employee-driven than the average corporate tax amelioration scheme. Maybe he was wrong? He’s only been there for five years or so.