He Was Ignorant, But A Lot Of

The Institutions At The Centre Of Capitalism Are Bigger Than They've Ever Been, The Pay Is Much Greater, The Ability Of Society To Get Its Arms Around It Is Much Less. The Political Clout Of The Financial Class Is Unbelievable. I'd Say The Story Is Darker Than When I Was There. When I Was There It Felt Like A Comedy - And Now It Feels More Like A Tragedy.

Here Was A Strange But True Fact: The Closer You Were To The Market, The Harder It Was To Perceive Its Folly.

A Tourist Can't Help But Have A Distorted Opinion Of A Place: He Meets Unrepresentative People, Has Unrepresentative Experiences, And Runs Around Imposing Upon The Place The Fantastic Mental Pictures He Had In His Head When He Got There.

People Dislike Uncertainty So Much That They Will Impose An Order On It Even When It Doesn't Exist.

The Idea That It's Smart To Allow Wall Street Firms, With This "too Big To Fail" Imprimatur, To Become Hedge Funds Again - It's Unconscionable. You're Essentially Saying We're Going To Take Some Elites In Our Society And Let Them Roll The Bones In The Marketplace, And If It Works Out They Get Rich, And If It Doesn't Work Out The Taxpayer Comes In Again. That Seems Absolutely Crazy To Me. That Seems To Be Where They're Headed. I Mean, Maybe They're Not And I'm Wrong. Maybe They'll Do Sensible Things. It's Hard To Know! There Doesn't Seem To Be A Plan.