Goldman Sachs

Editor,

Goldman Sachs is just one example -- among the worst, of course -- of how high money has been elevated over humanity since Ronald Reagan and Margaret Thatcher, enamored with shibboleths of the Chicago School, initiated the neoliberal project 30 years ago.

Before the Great Depression, very rich people's share of the GDP of this planet was about 13%. From 1929 until 1980 it was about 6%. Now it is 13% again -- the famous U-Shaped Curve. (Read all about it in "A Brief History of Neoliberalism" by David Harvey.)

Money trumps everything in the world we live in today.

Did it always?

Sometimes yes, sometimes no, usually depending on what race you were or what country you lived in.

But white people living in the United States from 1946 to 1980, although they squandered it on accumulating a lot of useless garbage, enjoyed a shared prosperity and robust civic life it is hard to imagine we will ever see again.

Re: "A Public Exit From Goldman Sachs Hits at a Wounded Wall Street" (3/15/2012)