Friday, September 5, 2008

The problem with American Capitalism

We pay people more to manage money than to actually earn it.


Philip said...

Hm. But financial management takes a great deal of knowledge and time, and it plays a pretty critical role in our investment infrastructure. It's also quite difficult to do well. I'm not sure that's a problem with American capitalism specifically; I think it's in the nature of any sufficiently decentralized economy/

verbalVomit said...

Of course we need people to do these sorts of things. Its just kind of ridiculous how much money people make in this society off of other people making money.