The transfer of a trillion over the past two years from the hands of small investors into the hands of hedge funds, brokerages, analysts, options traders, CEOs, middle management and various other crooks: is that what you call efficient? The golden parachutes, special retirement packages, options, bonuses and other remuneration to CEOs while the companies were laying off thousands and thousands of workers; the concealment of costs, the fabrication of revenue, going right to the edge of the law without actually exceeding the fair accounting standards: is that what you call effiecient, not to mention ethical--or even, heavens, moral?
Gimme a break. Your "free market" has become a mere euphemism for an unfettered, unnacountable Darwinian approach to the conduct of commerce. |
