Tag Archives: social worth

What’s Wall Street good for?

Following on rather neatly from yesterday’s suggestion that the “developed” economies may in fact be overdeveloped to the point of being detrimental to the overall good of society, here’s a lengthy piece at the New Yorker about Wall Street, investment banking and social good, which seems to reiterate a similar point: investment banking and securities trading isn’t actually beneficial to anyone other than the bloated financial sector itself [via MetaFilter].

It’s good to see people from within that sector starting to say so; whether we get things fixed before the next blow-out is another question entirely. A long article, but well worth the read.