I don't believe in capitalism as preached by this country. I think the
markets are run by greedy people who only believe in the here-and-now
and not the long term future viability. And we follow them, because we
think they are smart. In reality, they are dumb and we are fools for
following them.
markets are run by greedy people who only believe in the here-and-now
and not the long term future viability. And we follow them, because we
think they are smart. In reality, they are dumb and we are fools for
following them.
Perhaps in the future, we will be less susceptible to the cons of the
financial industry.
http://www.vanityfair.com/magazine/2009/01/stiglitz200901?printable=true
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Labels: lotd, the market