- Forty years ago, or even twenty-five years ago, if you were sitting on a plane next to somebody, and you discovered they’d paid less than you had, you’d blame the airline. Now you blame yourself.
- What you have is not what Marx anticipated, which is that capital rips off labor. Instead you’ve created a weird intermediate caste of people who rip off labor and capital.
- The problem in banking is, if 50 percent of Princeton graduates are going into banking, what that means is in 1944, you couldn’t have put the Manhattan Project together because J. Robert Oppenheimer would have been too busy developing high-speed trading algorithms for Citibank.
- It’s probably worth remembering that the CEOs of FTSE 100 companies, if they’d been born in Russia 50 years ago, would have ended up running the secret police. It’s the one thing capitalism does is, it’s a fairly good way of redirecting some relatively unattractive human urges into pretty harmless activities.
http://blog.ted.com/2011/12/08/listen-to-creative-people-qa-with-rory-sutherland/ via
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