Masters of the Universe, Redux
July 21, 2009
Rolling Stone's Matt Taibbi gets to the heart of how one investment banking firm, Goldman Sachs, has engineered bubble after speculative bubble in the marketplace for years, always positioning itself to prosper in the wake of each disaster -- often at taxpayer expense.
What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.
Read it. It's a blueprint of how the executive class rigs the game for its own benefit.