Money has lost its meaning

I would just like to share interesting take on situation in the Wall Street. 

D: Goldman Sachs produces nothing.  It creates no great art.  It doesn't cure people or save their lives.  It does not produce food nor does it produce any of the essentials human beings need to live.  It doesn't keep our homes lit nor do they entertain us.

It only produces a simple service.  A simple financial service.  One that requires skills of lower orders of magnitude than those required of an engineer, a doctor, a nurse or even a good auto mechanic.  Yet it's lowliest employees will be paid $600,000 this year.  It's highest echelon employees will be paid tens, maybe hundreds of millions a year.

These financial services employees will be making these enormous sums under the best working conditions.  They work in air-conditioned offices, in low labor-intensive conditions.  They are not in physical contact with grease or blood or mud or earth or manure or dirt.  There is little personal risk in their work.  They aren't at risk of electrocution as electrical service workers are.  It's not even their money that they play with.

How can their safe and easy work be so much more valuable than that of a farmer or sanitation worker or an electrician or a mother?  Money and work and effort and creativity are so completely disconnected in this culture and in this age.  Yet most of us accept this disconnect as completely normal. Many will even argue for the "rights" of these moneymen to earn these exorbitant sums.

So what is the meaning of money?  We know what it's worth to those few who can tap into these bottomless wells.  But what is its meaning to the rest of us?  What is its meaning to 99% of humanity?  It has no meaning when it's connection to work to effort, to creativity, to personal risk, to skill, etc. have all been obliterated.  All that's left is how moneymen service other moneymen and pay themselves incredible sums for such safe and easy service. 

The meaning of money today is an occasional cherry in a slot machine.  If you put the two bits back into the machine, you're bound to lose them.  If you use your two bits to buy a stick of gum, you've lost them too.  We have blinded ourselves to the very few who run the immense money machine behind the slots.  To the $600,000 clerks who create nothing.  We are blind to the Wall Street machine that legally steals your two bits, bit by bit until you have no bits left.  That's what money is all about.  It's about nothing for most of us... and most of us don't even know we're being taken.

B: sounds erudite but his polemics about money and Wall Street in general and Goldman Sachs in particular is nothing but a rant from a foolish and ignorant man. It is unbelievable that an alleged successful businessman in the U.S. would have such an ignorant view of financial services. I am not trying to defend Goldman Sachs but I won't mind working for a company that pays its employees handsomely. In my profession, I had ocassions to deal with Goldman Sachs and caricature that this company produces nothing is a rant from a foolish and ignorant man. One of the many financial services that Goldman offers is to help start up companies acquire much needed capital either through equiity (initial public offering) or loan (issuance of corporate bonds). This is a valuable service that requires great skill and has helped thousands of start up companies become productive such as the likes of Microsoft, etc. These companies creates a lot of jobs and produces wealth to the country. To dismiss the contribution of firms such as Goldman in making the U.S. and the world wealthy is to ignore reality. As usual, please dismiss the ranting of _____, indeed a pathetic old man.

B:  One of the many financial services that Goldman offers is to help start up companies acquire much needed capital either through equiity (initial public offering) or loan (issuance of corporate bonds). This is a valuable service that requires great skill and has helped thousands of start-up companies become productive such as the likes of Microsoft, etc.

D: Finding someone willing to lend Microsoft money to set up a new plant isn’t remotely as complex as Microsoft spending millions of creative man-hours developing a new product to build in a new plant.  And establishing the hyper-efficient complex manufacturing processes needed to build the new product.   

Finding people to lend money to people who want to borrow money is the most complex part of Goldman Sachs business.  It is chicken feed.  It isn’t rocket science or brain surgery.

_____  has not touched a single one of these points:

-          Goldman Sachs produces nothing. 
-          It creates no great art. 
-          It doesn't cure people
-          It doesn’t save lives. 
-          It does not produce food
-          It doesn’t produce any of the essentials human beings need to live. 
-          It doesn't keep our homes lit
-          It doesn’t entertain us.
-          They are not in physical contact with grease or blood or mud or earth or manure or dirt. 
-          There is little personal risk in their work. 
-          They aren't at risk of electrocution as electrical service workers are. 
-          It's not even their money that they play with.

It is an indisputable and undeniable fact that these useless good-for-nothing who claim to be “MASTERS OF THE UNIVERSE” are mainly id**ts who wouldn’t survive a week in any business involved in real, productive enterprise. 

For information on Goldman Sachs