Glenn Beck on GS!!!!!!!!!!

Discussion in 'Wall St. News' started by S2007S, Jul 16, 2009.

  1. I think a lot of the anger at GS - even all of Wall St - is that they are not really capitalist. With a guaranteed gov't backstop now, they are socialist.

    Also, they are at best, capitalist helper (like hamburger helper), they don't really grow the economic pie, just mostly redistribute it (you can argue where).

    Bill Gates, no matter what you think of his business practices, helped grow the economic pie (with Intel) by making pc's, the cottage industries around them, and increased productivity a reality.

    Wall Street may help aggregate investment money into someone else's good idea, (and take a hefty cut in the bargain) but "innovation" there usually means how to circumvent regulations or taxes (i.e., "get away" with something).

    So the real hope in growing the economy lies with the next Bill Gates, not Wall Street.
     
    #41     Jul 17, 2009
  2. Well, the popular media is finally taking notice. Sweeping changes are sure to follow. :D


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    #42     Jul 17, 2009