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The author is certainly misguided in imagining that finance produces no value, but the difference is that McDonalds can't grow itself and broaden its influence
by mortenjorck 13y ago
The author is certainly misguided in imagining that finance produces no value, but the difference is that McDonalds can't grow itself and broaden its influence by eating its own Quarter Pounders, while Goldman Sachs can do that by leveraging its assets through its own financial instruments.
- dnautics 13y agoGoldman Sachs also aggressively leverages connections to government. eg http://www.huffingtonpost.com/2009/06/02/government-sachs-goldmans_n_210561.html http://www.huffingtonpost.com/2009/06/02/government-sachs-go...