A Tale of Two Industries: Banking and Everyone Else: "Except median happiness and wellbeing of the populus is not determined by mean GDP and if this were a free-market economy the banks would have all gone bankrupt when the credit crisis reared it's ugly head (taking the rest of the economy with it) and have only been enabled to continue paying ever more enormous salaries because of external support. Making the rich even richer at the expense of everyone else may increase GDP and make 1% of the population a little happier while 99% become more miserable.
Don't Just Bash The Bankers (Merryn Somerset Webb) "
No comments:
Post a Comment