October 3, 2011

interesting quote about financialization

Filed under: Uncategorized — arrowsmith @ 1:54 pm

The best and brightest went into finance because… it paid better than every other profession. So we had this whole generation of people — who would have been great scientists, great doctors, great creators of other things — attracted to a business which ultimately only provided, to a substantial degree, toxic waste. And that is the tragedy of our time. … It was this diversion of enormous amounts of talent.