Friday, February 20, 2009

The Trajedy of Capitalism gone wild

Last night a friend of mine shared a story having to do Bernie Madoff.  The infamous ponzi schemer went to his 50th High School reunion last year.  One of his classmates asked if he could invest with him.  He said, at the time of the reunion, that he had a 4-5 year waiting list.  Two months later Madoff called the guy back saying that he had relented and, after all, would allow him to invest but the minimum was two million dollars.  The classmate didn't have this much money himself so he enlisted his sister, brother-in-law and other family members who anted up the minimum.  They all lost everything.  It must be an illness to wreck havoc on friends this way.  It may also be the more depraved ugliness that comes with capitalism gone wild and that is driven by greed, selfishness and the insatiable appetite for bigger, better, more.  Madoff is emblematic of a larger scale captitalism run amok where Wall streeters and consumers left reason behind to grasp the holy grail of riches.  Let's hope that the upswing of all of this is a lessening of the gap between the rich and poor and more measured, reasonable economic aparatus that serves humanity.

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