By the way, there are lots of organizations with pathological problems that think of themselves as meritocracies (La Cosa Nostra).
This reminds me a lot of the movie in the 80’s — WALL STREET ( where we got the phrase “Greed is Good”). Has anyone out there ever stop to consider if what they’re doing has any real social or economic value ? Are they really creating anything ?
The Mafia believes that they are too.
To a certain extent, I really don't care. However, I expect the line to be drawn at zero - once the company takes such risks that they can implode the system, it's time to look at how risk management should be monitored and regulated.
So, what surprises you here? One can be a wonderful son and a bad husband or father. A criminal organization can still be a meritocracy --- what's the surprise?
"This reminds me a lot of the movie in the 80’s — WALL STREET ( where we got the phrase “Greed is Good”).
No, we got that phrase from Adam Smith's "Wealth of Nations," which is as old as our country.
"Has anyone out there ever stop to consider if what they’re doing has any real social or economic value ? Are they really creating anything ?"
Yes, the answer is widely available. Wall Street is a collection of markets. Just like in any other marketplace, they FACILITATE trade. Imagine how costly it would be if apple growers could not sell their apples in the marketplace, and consumers could not buy them. Wall Street is a collection of such marketplaces, which allows the rest of the economy produce more wealth and make us more wealthy individually.