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But now, the world of Wall Street has become our world; there is no outside to it, there is no other option than to pay and play. Our fortunes rise and fall together to a degree like never before, and our values are enmeshed like never before. The language of Wall Street — of cost-cutting and efficiency, self-interest, using each situation to maximize profit, is the language of everyday life and social interaction. We’re all losers now. There’s no pleasure to it.
Waiting for Schadenfreude - Judith Warner Blog - NYTimes.com
Bullshit, this isn’t true if we don’t want it to be. We need to insulate Wall Street from our world via regulation.
