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The 1% are the very best destroyers of wealth the world has ever seen
Tuesday, November 8th, 2011
Nov. 7, 2011
The findings… are devastating to the beliefs that financial high-fliers entertain about themselves… They show that traders and fund managers throughout Wall Street receive their massive remuneration for doing no better than would a chimpanzee flipping a coin… Egocentricity, a strong sense of entitlement, a readiness to exploit others and a lack of empathy and conscience are also unlikely to damage their prospects in many corporations… This is not to suggest that all executives are psychopaths. It is to suggest that the economy has been rewarding the wrong skills.
Tags: economy, globalization, ideology, standard of living, tax
Posted in Equality Policy Context | 1 Comment »
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