Monday, October 4, 2010

Hegel on Wall Street -

Been posting a political blog for the past two months.  This one belongs on this blog however.

Hegel on Wall Street - "What market regulations should prohibit are practices in which profit-taking can routinely occur without wealth creation; wealth creation is the world-interest that makes bankers’ self-interest possible. Arguments that market discipline, the discipline of self-interest, should allow Wall Street to remain self-regulating only reveal that Wall Street, as Hegel would say, “simply does not know what it is doing.”"

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