March 30, 2012

Great thoughts of Goldman Sachs

Huffington Post - “Nobody really puts customers first,” Arthur Levitt, the former chairman of the Securities and Exchange Commission and now a policy advisor for Goldman Sachs, told Bloomberg TV. “Business is a tension between sellers and buyers, and that tension always exists,” he added.

1 comment:

Anonymous said...

He's right.

It's amazing that he'd be so honest about it, but he's absolutely right. Business exists not for customers or even the stockholders, but for the benefit of the ones who run the business.

"Customers come first" and "government should be run like a business" are two of the most successful lies in the history of the world, right up there with "of course I'll respect you in the morning".

The reality is that customers come last, and running government as a business should be treated as a treason-like felony.