Wall Street Sharks Have Lost Everything, and Now They're Coming After Us

[NicholeW.]

Wall Street Sharks Have Lost Everything, and Now They're Coming After Us
By Robert Kuttner, The Washington Post. Posted February 24, 2009.

http://www.alternet.org/workplace/128511/ 🔗

With the enactment of a large economic stimulus package, fiscal conservatives are using the temporary deficit increase to attack a perennial target -- Social Security and Medicare. The private-equity investor Peter G. Peterson, who launched a billion-dollar foundation last year to warn that America faces $56.4 trillion in "unfunded liabilities," is a case in point. Supposedly, these costs will depress economic growth and crowd out other needed outlays, such as investments in the young. The remedy: big cuts in programs for the elderly.

[lisagurl]

The world is over populated and is depleting the resources faster than they can renew. It was predicted "Soylent Green" No morals in business leads to no morals in life.

[tekla]

No morals in business leads to no morals in life.


I think its the other way round, we learn how to have no morals to those close to us first, then we take those skills pro.

[mina.magpie]

No morals in business leads to no morals in life.

I think its the other way round, we learn how to have no morals to those close to us first, then we take those skills pro.

Yeah, but do we really expect any different from an economic system based on the singular human trait of self-interest, where you value everybody and everything in terms of how much you can get out of them?

Mina.

[gennee]

Yeah, but do we really expect any different from an economic system based on the singular human trait of self-interest, where you value everybody and everything in terms of how much you can get out of them?

Mina.

Unfortunately, that's how it's been for ages. Young people and the elderly are neglected. Why? Can't make any money off them. It's also why you have many disillusoned men and women. They are considered a commodity rather than people.

Gennee