22
Mar
09

We The People – Not Wall Street

r-treasury-huge

icon_digg21 An article published in Hoffington Post by Jeffery Sachs details our country’s problem in dynamic proportion and with crystal clear clarity regarding the plain, unchecked greed that has encompassed those few and selected individuals on Wall Street and residing in Washington.

At one time the word “Capitalism” was understood by all, but this aforementioned greed group of personalities decided among themselves to refine the meaning.  It sickens me when I hear the word “Socialism” when used with our current economical affairs; why, because as the article states, we Americans perceive the older traditional meaning, whereas Wall Street and their allies are leading us to believe we are wrong and the President’s Economic Team is leading the country’s banking system into Socialism.

An excerpt from the article:

During the last 20 years Wall Street has had its way with us. On a bipartisan basis it provided the Treasury Secretaries, filled the regulatory agencies, paid itself unconscionable bonuses, and stuffed the campaign coffers. The greed knew no bounds. The distortions of public policy — right up to Greenspan’s infamous decision to leave financial regulation up to the firms themselves — have wrecked the world economy.

Truer words could never have been authored, our President was correct when he clearly spoke the words during his campaign “Change Must Come” and in this case to Wall Street and those who have backed and reinforced that fabled street for the past thirty years.

Another excerpt from this article:

The great scholars of capitalism, from Adam Smith to John Maynard Keynes, understood full well that a functioning economic system depends not on greed, but on moral sentiments and an acceptable social contract between the rich and the rest of society. The rich can make money, of course, but they must not flaunt it or consume it frivolously. Instead, they must invest their wealth for social benefit, whether in business or in philanthropy, or in both as in the case of history’s most celebrated capitalist-philanthropists, from Andrew Carnegie and John D. Rockefeller to Bill Gates and Warren Buffett. It is only the dangerously arrogant rich or the servants of the rich who believe that morals don’t matter in the great matters of finance.

Today as never before, if we as a nation are ever to hold our heads up high again, we must challenge our leaders and demand from them “That we the people control government, not those on Wall Street.

The article I’m quoting from is Capitalism and Moral Sentiments.

Lets us not forget these famous words spoken:

Gordon Gekko “Greed is Good”

Gordon Gekko “Greed is Good” http://www.forexsetups.com Trade like a professional.

The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much.

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