Later On

A blog written for those whose interests more or less match mine.

"Greed is good" redux

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Matt Taibbi:

“The injunction of Jesus to love others as ourselves is an endorsement of self-interest,” Goldman’s Griffiths said Oct. 20, his voice echoing around the gold-mosaic walls of St. Paul’s Cathedral, whose 365-feet-high dome towers over the City, London’s financial district. “We have to tolerate the inequality as a way to achieving greater prosperity and opportunity for all.”

via Profit `Not Satanic,’ Barclays Says, After Goldman Invokes Jesus – Bloomberg.com.

I didn’t believe this story was true at first — thought it had to be a spoof. But it turns out to be true. The great banks of the world have gone on a p.r. counteroffensive in Europe, and are sending spokescrooks in shiny suits into churches to persuade the masses that Christ would have approved of the latest round of obscene bonuses.

Goldman Sachs international adviser Brian Griffiths explains it this way: that Christ’s famous injunction to love others as one would love oneself actually means that one should love oneself as one would love oneself. This seemingly baffling outburst by a Goldman executive in what appears to have been a prepared speech — someone actually wrote this, and thought about it, before saying it out loud — gets even weirder when one tries to figure out what could possibly have motivated this person, and by extension his employer Goldman Sachs, to make such statements in such a place as St. Paul’s Cathedral.

Because there are only a couple of possibilities, and both of them are equally unnerving. One is that they know how preposterous this is and are just saying this shit because they think enough people will fall for it that it will end up being a net plus, optics-wise.

I seriously doubt this and think the converse is much more likely: that they actually believe this to be true, or are trying to believe it is true, and by making the case publicly hope to persuade the world to see the light (and just maybe reaffirm to themselves in the process) and embrace the Orwellian propositions that greed is love and taking is sharing.

It’s not hard to imagine how they could actually believe this stuff…

Continue reading.

Written by LeisureGuy

5 November 2009 at 11:48 am

Posted in Business, Daily life

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