Wednesday, February 26th, 2014

Finance Justified

"[New York Times financial reporter Andrew Ross Sorkin] is something of a prototype of how industry reporters have evolved into digital entrepreneurs," says Alex Pareene. Then he says some other stuff about him which is a little less flattering.

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Ralph Haygood (#13,154)

"the fiction that the superstructure of our investment sector serves any useful economic purpose": But my dear Pareene, it *does* serve an eminently useful economic purpose – to Sorkin and the people he writes about. It seems unlikely most of these people could even get jobs, let alone get rich, outside the "investment sector". It isn't as though they have any socially useful skills like farming, medicine, constructing buildings, or even (I realize this is stretching things) programming computers (what I do for a living).

KenWheaton (#401)

"Sorkin obviously doesn’t do outrage." I don't know. He seemed pretty outraged about that guy writing the Goldman Sachs Elevator tweets.

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