I admire china a lot, i think they've achieved tremendously in the past. The american is really bazarre in that they have this particular type of stockholm cindro and it's at the root of why we're so messed up. I don't think you can have anything that you could call a society under finance capitalism because the basis of human relations is fundamental explatation. E aner says there's a lot of a consumer culture that's coming to china product.
Transcript
chevron_right
Play full episode
chevron_right
Transcript
Episode notes
As a $60 billion a year investment bank engaged in market making and asset management for equities, fixed income, commodity and derivative securities for large institutional clients, Goldman Sachs, having been founded in 1869, is arguably the world’s most recognizable name on Wall Street. Known for attracting some of the best financial talent, it is both respected and feared, in some cases being accused of “ripping their clients off” in the relentless pursuit of profits. Defenders of firms like Goldman Sachs make a big deal about how they’re instrumental in the efficient allocation of (financial) capital, but one could argue the concentration of highly intelligent and motivated individuals operating what amounts to a glorified casino is a gross misallocation of human capital, robbing other critical sectors of talent that would otherwise have gone to engineering real solutions, not financial ones.
