“Goldman Sachs is a great firm—as good as you get on Wall Street and that’s the problem.”
Matthew Bishop, Business Editor, the Economist
The always amusing Matt Taibbi is again entertaining in this commentary on Ayn Rand and Goldman Sachs etc. He writes:
In the [Ayn] Randian ethos, called objectivism, the only real morality is self-interest, and society is divided into groups who are efficiently self-interested (ie, the rich) and the “parasites” and “moochers” who wish to take their earnings through taxes, which are an unjust use of force in Randian politics. Rand believed government had virtually no natural role in society. She conceded that police were necessary, but was such a fervent believer in laissez-faire capitalism she refused to accept any need for economic regulation—which is a fancy way of saying we only need law enforcement for unsophisticated criminals.
Rand’s fingerprints are all over the recent Goldman story.
Great second to last line—and how damn obvious. It’s funny what some laws leave legal. The thing for me to remember is that Goldman Sachs and the ideology are, like a plant rising up in soil, a result of the soil, the seed, the sun, the geography, the geology, the advantages bestowed, disadvantages and the whole damn matrix. Human institutions are aspects of human nature, manifested from the mind and the opposable thumb—and some would include God or the Devil, or random selection, depending on their stock portfolio. What I’m trying to say, I’m not sure. But as sure as humans write poetry, they also write institutions.
The entire article in the Guardian is here. For the record, I too have never been able to get through a page of Ayn Rand, or a page of Das Kapital, for that matter. Terminally boring and over-wrought for my little brain. Hmm.
Lots of love to you,
PS Here’s that crude yet somewhat useful description of an aspect of what passes for legal—and, hey, for all I know, may be, in the words of the Goldman Sachs’ Lloyd Blankfein, “God’s work.” Hasn’t God got enough troubles with Hitchens and Dawkins breathing down his aged neck?
And here’s a tongue-in-cheek bluesy, rock ‘n roll thing I wrote back in the 90s (remember them?) about conspiracy and/or truth, you be the judge: What’s Going Down. Some young video-savvy huckster/whippersnapper on line put this together and made a video out of it. The solo is actually Robbie Steininger playing the always raucous twelve string mandolin.